Have you had enough of trying to scrape together enough money to buy car insurance? Your situation is no different than millions of other consumers.
Big-name insurance companies like GEICO, Farmers Insurance and State Farm continually hit you with TV and radio ads and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.
Consumers need to do rate comparisons yearly because prices fluctuate regularly. Just because you found the lowest price for S80 coverage a few years ago you can probably find a lower rate today. Forget anything you know (or think you know) about insurance because you’re about to learn the only way to find the best coverage while lowering your premiums.
If you have car insurance now, you should be able to reduce your rates substantially using these tips. Choosing the best insurance company for you is easy if you know what you’re doing. But car owners must learn the methods companies use to sell insurance online and use this information to your advantage.
Consumers need to have an understanding of the factors that go into determining the rates you pay for insurance coverage. Understanding what influences your rates allows you to make educated decisions that will entitle you to better insurance coverage rates.
Auto insurance companies don’t always publicize all their discounts in a way that’s easy to find, so here is a list some of the more common and the more hidden auto insurance savings.
Consumers should know that most discounts do not apply the the whole policy. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates you would end up receiving a 100% discount, you won’t be that lucky.
For a list of companies with the best auto insurance discounts, click here to view.
When it comes to buying the best insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions might help in determining if your insurance needs could use an agent’s help.
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier
Understanding the coverages of insurance can be of help when determining appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and coverage can change by endorsement. Listed below are the normal coverages found on most insurance policies.
Protection from uninsured/underinsured drivers
This protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Collision coverage protection
This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers claims like colliding with another moving vehicle, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also choose a higher deductible to save money on collision insurance.
Auto liability insurance
Liability coverage provides protection from damage or injury you incur to people or other property. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability coverage pays for claims like repair bills for other people’s vehicles, medical expenses and court costs. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.
Medical expense insurance
Med pay and PIP coverage pay for short-term medical expenses such as ambulance fees, rehabilitation expenses, dental work and surgery. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as rock chips in glass, damage from flooding, a broken windshield, hitting a deer and hail damage. The most a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Affordable 1999 Volvo S80 insurance is definitely available online as well as from independent agents, and you should compare price quotes from both to get a complete price analysis. Some companies don’t offer online price quotes and these smaller companies work with independent agents.
We covered many tips how you can reduce insurance prices online. It’s most important to understand that the more rate quotes you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the best price on auto insurance is with some of the smallest insurance companies. These companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm or Progressive.
When trying to cut insurance costs, make sure you don’t buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced comprehensive coverage or liability limits and learned later that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.