Shopping for cheap car insurance on the web can be somewhat difficult for consumers new to buying insurance on the web. Since there are so many insurers to choose from, how can consumers possibly compare every one to find the lowest rates?
If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this information. The purpose of this post is to help you learn the most effective way to quote insurance. But vehicle owners can benefit from knowing the way companies sell online because it can help you find the best coverage.
Most companies such as State Farm, GEICO and Progressive provide pricing online. Obtaining pricing is quite easy as you just type in your coverage information as requested by the quote form. Upon sending the form, the system automatically retrieves your driving and credit reports and returns a price quote.
This helps simplify price comparisons, but the process of having to visit each company’s website and repetitively enter the same data into a form gets old quite quickly. Unfortunately, it is important to do this if you want to find the best price possible.
An easier way to find cheaper rates utilizes a single form that obtains quotes from more than one company. The form is fast, requires much less work on your part, and makes price shopping online a little more enjoyable. Once the form is submitted, it gets priced and you can choose your choice of the pricing results. If the quotes result in lower rates, you can simply submit the application and purchase the new policy. This process can be completed in less than 10 minutes and may save quite a bit of money.
In order to find out how much you’re overpaying now, simply click here to open in new window and input your coverage information. If you have a policy now, it’s recommended you complete the form with the coverage information as shown on your current policy. This way, you’re receiving an apples-to-apples comparison for similar insurance coverage.
Car insurance companies such as State Farm, GEICO and Progressive constantly bombard you with ads on TV and radio. They all seem to say the same thing of big savings if you switch to them. How do they all claim to save you money? This is how they do it.
Different companies have a certain “appetite” for the type of driver that is profitable for them. For example, a profitable customer might be profiled as a mature driver, is a homeowner, and drives less than 10,000 miles a year. A customer getting a price quote who meets those qualifications will get the preferred rates and as a result will probably pay quite a bit less when switching companies.
Potential insureds who don’t qualify for the “perfect” profile will be quoted higher prices which leads to the driver buying from a lower-cost company. The ads state “customers that switch” not “people who quote” save that kind of money. That’s why insurance companies can advertise the savings. This emphasizes why drivers should get quotes from several different companies. It’s not possible to predict the company that will give you the biggest savings on Dodge Viper insurance.
It’s important that you understand the rating factors that play a part in calculating the price you pay for auto insurance. Understanding what influences your rates helps enable you to make changes that will entitle you to big savings.
Shown below are some of the factors that factor into prices.
Companies do not list every available discount in a way that’s easy to find, so here is a list some of the best known and also the lesser-known discounts you could be receiving.
As a disclaimer on discounts, some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, companies don’t profit that way.
For a list of companies offering insurance discounts, click this link.
When it comes to buying the right insurance coverage for your vehicles, there really is no single plan that fits everyone. Every situation is different.
These are some specific questions may help highlight whether or not you 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 an agent. To find lower rates from a local agent, take a second and complete this form.
Learning about specific coverages of a auto insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and coverage can change by endorsement.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance provide coverage for expenses such as funeral costs, nursing services, hospital visits and pain medications. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage
Comprehensive coverage (or Other than Collision)
This pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as damage from a tornado or hurricane, vandalism, theft and rock chips in glass. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Auto liability insurance
Liability coverage can cover damage that occurs to people or other property by causing an accident. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability coverage pays for things like loss of income, attorney fees, court costs, bail bonds and repair bills for other people’s vehicles. How much coverage you buy is up to you, but buy as large an amount as possible.
Collision coverage protection
Collision coverage covers damage to your Viper resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims such as backing into a parked car, hitting a parking meter, driving through your garage door, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.
Uninsured Motorist or Underinsured Motorist insurance
This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Dodge Viper.
Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.
We’ve covered quite a bit of information on how to get a better price on 2001 Dodge Viper insurance. The key concept to understand is the more rate quotes you have, the better your comparison will be. You may be surprised to find that the lowest priced auto insurance comes from the smaller companies.
When buying insurance coverage, you should never reduce coverage to reduce premium. There have been many situations where drivers have reduced liability limits or collision coverage and learned later that it was a big error on their part. Your strategy should be to find the BEST coverage at an affordable rate, not the least amount of coverage.
Cheap insurance is definitely available on the web as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance providers don’t offer online price quotes and these smaller companies work with independent agents.
To read more, take a look at the resources below: