Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Trust us when we tell you many consumers feel financially strained by their auto insurance policy.
Popular companies such as GEICO, Farmers Insurance and State Farm all promote huge savings with advertising and it can be hard to see past the corporate glitz and find the best price available.
If you have car insurance now, you should be able to cut costs considerably using this strategy. Choosing the best insurance company for you is not rocket science. But vehicle owners do need to know how companies market insurance on the web and use this information to your advantage.
Smart consumers have a good feel for the rating factors that play a part in calculating your insurance coverage rates. Having a good understanding of what determines base rates helps enable you to make changes that can help you get much lower annual insurance costs.
Shown below are some of the items that factor into your rates.
Car insurance can cost a lot, buy you may qualify for discounts that you may not know about. A few discounts will automatically apply at quote time, but some may not be applied and must be inquired about prior to receiving the credit.
It’s important to understand that some credits don’t apply to the entire policy premium. Some only reduce specific coverage prices like comprehensive or collision. So when the math indicates you could get a free insurance coverage policy, you won’t be that lucky. Any qualifying discounts will reduce the amount you have to pay.
For a list of insurance companies offering insurance coverage discounts, click here.
When choosing proper insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s situation is unique and your policy should reflect that. For example, these questions might help in determining if your situation could use an agent’s help.
If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.
Understanding the coverages of car insurance can help you determine the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find the normal coverages found on most car insurance policies.
Uninsured/Underinsured Motorist coverage – This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your GMC Savana Cargo.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive coverage – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like damage from flooding, hail damage and theft. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Liability – This coverage provides protection from damage that occurs to people or other property that is your fault. It protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage protects against things like attorney fees, medical expenses, emergency aid, pain and suffering and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.
Collision coverages – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage pays for claims like sustaining damage from a pot hole, colliding with a tree, damaging your car on a curb and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.
Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for expenses like rehabilitation expenses, X-ray expenses, dental work, doctor visits and hospital visits. They are used in conjunction with a health insurance program or if there is no health insurance coverage. They cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Affordable 2001 GMC Savana Cargo insurance is possible online as well as from independent agents, so you should compare both so you have a total pricing picture. There are still a few companies who don’t offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.
In this article, we covered a lot of information how to compare insurance prices online. The key concept to understand is the more you quote, the better your comparison will be. You may be surprised to find that the most savings is with some of the smallest insurance companies. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm and Allstate.
More detailed insurance coverage information can be read in the articles below: