Tired of being strong-armed each month for car insurance? Your situation is no different than many other consumers. Popular companies such as State Farm, Allstate, GEICO and Progressive continually hit you with ad campaigns and it can be hard to ignore the promise of big savings and effectively compare rates to find the best deal.
Consumers need to have an understanding of the rating factors that play a part in calculating the price you pay for auto insurance. Knowing what determines base rates allows you to make educated decisions that may reward you with much lower annual insurance costs.
Shown below are a few of the “ingredients” companies use to determine rates.
Most companies such as Allstate and Progressive allow you to get pricing on their websites. Getting online rates is fairly simple as you simply enter the amount of coverage you want into the quote form. Upon sending the form, their rating system gets your driving record and credit report and returns a price determined by many factors. Quoting online makes it a lot easier to compare rates but the process of having to visit several different sites and fill out multiple forms can be a bit repetitive. But it’s absolutely necessary to compare as many rates as possible in order to find better prices.
The smarter way to lower your rates is to use a quote form to get prices from many companies. It saves time, helps eliminate reptitive entry, and makes comparison shopping much more enjoyable and efficient. Immediately after submitting the form, it is rated and you can select any of the resulting price quotes. If a lower price is quoted, you can simply submit the application and buy the policy. It can be completed in less than 10 minutes and could lower your rates considerably.
To save time and find out how much you’re overpaying now, click here and input your coverage information. If you have a policy now, it’s recommended you replicate coverages and limits as shown on your current policy. This guarantees you will have comparison quotes for the exact same coverage.
Consumers get pounded daily by advertisements for car insurance savings from the likes of Allstate and Progressive. All the ads make the same claim that you can save if you switch your coverage to them.
How does each company make the same claim? It’s all in the numbers.
All the different companies are able to cherry pick for the type of driver that earns them a profit. A good example of a profitable customer might be profiled as a mature driver, is a homeowner, and chooses high deductibles. Any new insured that hits that “sweet spot” will get very good rates and as a result will probably pay quite a bit less when switching companies.
Consumers who don’t meet these standards will have to pay a higher premium which leads to the driver buying from a lower-cost company. The ads state “customers who switch” not “people who quote” save money. That is how insurance companies can confidently state the savings. Because of the profiling, you absolutely need to get as many quotes as possible. It’s not possible to predict which company will have the lowest Chevy Express Cargo insurance rates.
Auto insurance companies don’t list all available discounts in an easy-to-find place, so we break down some of the more common and the harder-to-find insurance coverage savings. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.
It’s important to understand that most discount credits are not given to all coverage premiums. Some only reduce specific coverage prices like comp or med pay. Even though it may seem like you can get free auto insurance, insurance coverage companies aren’t that generous.
For a list of insurers who offer insurance coverage discounts, click here to view.
When it comes to choosing the best car insurance coverage for your vehicles, there isn’t really a one size fits all plan. Every situation is different so this has to be addressed. These are some specific questions may help you determine whether your personal situation might need an agent’s assistance.
If you can’t answer these questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and can help protect your family.
Knowing the specifics of insurance aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring. Below you’ll find typical coverages available from insurance companies.
This pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like hail damage, falling objects and hitting a deer. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
Collision insurance pays for damage to your Express Cargo resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like colliding with a tree, hitting a parking meter, crashing into a ditch and rolling your car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.
Med pay and PIP coverage provide coverage for immediate expenses like hospital visits, prosthetic devices, EMT expenses, rehabilitation expenses and dental work. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible
This protects you from injuries or damage you cause to other’s property or people by causing an accident. It protects you against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property.
Liability coverage pays for claims such as repair bills for other people’s vehicles, court costs, bail bonds and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.
We just showed you a lot of ways to compare 2002 Chevy Express Cargo insurance prices online. The key thing to remember is the more providers you compare, the better chance you’ll have of finding lower rates. Consumers may even find the most savings is with a lesser-known regional company. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.
The cheapest insurance is attainable online and with local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some companies do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.
As you shop your coverage around, you should never skimp on coverage in order to save money. There have been many situations where consumers will sacrifice liability limits or collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your strategy should be to buy the best coverage you can find at an affordable rate while still protecting your assets.