Shopping for car insurance is not a procedure drivers look forward to, but it’s mandatory before you can go for a ride.
The most recommended method to compare rates is to understand all the major auto insurance companies provide online access to give free rates quotes. All consumers are required to do is give the companies some data such as if you went to college, how many miles driven, your general credit rating, and whether you drive to work or school. Your rating data is then sent to multiple companies and you will receive price estimates very quickly.
To start a quote now, click here and see if a lower rate is available.
The price of auto insurance can be rather high, but companies offer discounts that you may not even be aware of. Larger premium reductions will be automatically applied at the time of quoting, but lesser-known reductions have to be inquired about before being credited.
It’s important to note that most discount credits are not given to all coverage premiums. Some only reduce individual premiums such as comp or med pay. So when the math indicates adding up those discounts means a free policy, it just doesn’t work that way. Any amount of discount will help reduce the amount you have to pay.
A partial list of companies that may offer these discounts may include but are not limited to:
Before buying, ask every prospective company how you can save money. Savings might not apply everywhere.
When buying coverage for your vehicles, there is no perfect coverage plan. Each situation is unique.
These are some specific questions may help highlight whether your personal situation may require specific advice.
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form.
Having a good grasp of insurance can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.
Comprehensive or Other Than Collision – This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims like damage from getting keyed, a tree branch falling on your vehicle, hail damage, hitting a bird and rock chips in glass. The maximum payout your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like dental work, chiropractic care, X-ray expenses, doctor visits and EMT expenses. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not universally available and may carry a deductible
Collision coverage – Collision coverage will pay to fix damage to your Taurus from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as sustaining damage from a pot hole, damaging your car on a curb, hitting a parking meter and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.
UM/UIM Coverage – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Liability insurance – Liability coverage can cover damage that occurs to other’s property or people. This insurance protects YOU from legal claims by others, 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. As an example, you may have policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Another option is a combined limit which provides one coverage limit without having the split limit caps.
Liability coverage pays for things like pain and suffering, attorney fees and medical services. How much coverage you buy is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.
Consumers leave their current company for any number of reasons including policy cancellation, unfair underwriting practices, denial of a claim or even delays in paying claims. Whatever your reason, finding a new company is not as difficult as it may seem.
While you’re price shopping online, make sure you don’t reduce needed coverages to save money. There have been many cases where an accident victim reduced comprehensive coverage or liability limits to discover at claim time that the few dollars in savings costed them thousands. The aim is to find the BEST coverage at an affordable rate.
We just covered a lot of techniques to save on 2001 Ford Taurus insurance. It’s most important to understand that the more rate quotes you have, the better likelihood of reducing your rate. Drivers may discover the biggest savings come from a small mutual company.
For more information, feel free to browse the following helpful articles: