Feel like you’re a prisoner to an underperforming, overpriced car insurance policy? Trust us, there are many consumers feeling the pinch from expensive car insurance.
There are many insurance companies to pick from, and even though it’s nice to be able to choose, too many choices makes it more difficult to compare rates and cut insurance costs.
You need to price shop coverage periodically because rates are adjusted regularly by insurance companies. Even if you think you had the best deal for Eurovan insurance on your last policy there is a good chance you can find better rates now. So just forget all the misinformation about car insurance because you’re going to learn the things you must know in order to find lower rates on car insurance.
Car insurance is not cheap, but there are discounts available that you may not even be aware of. Most are applied when you purchase, but some may not be applied and must be specially asked for before you get the savings.
As a disclaimer on discounts, most discounts do not apply to the overall cost of the policy. A few only apply to specific coverage prices like medical payments or collision. Just because you may think adding up those discounts means a free policy, it just doesn’t work that way. But any discount will bring down your premiums.
Insurance companies that may have these discounts may include but are not limited to:
Before buying, ask each company which discounts they offer. Savings may not apply in your area.
When it comes to buying adequate coverage, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that may help you determine 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, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.
Insurance coverage providers like Allstate and Progressive continually stream ads on television and other media. They all have a common claim that you can save after switching to them. How does each company make almost identical claims?
All the different companies have a preferred profile for the type of customer that is profitable for them. A good example of a driver they prefer might be over the age of 40, has no tickets, and drives less than 10,000 miles a year. A customer who fits that profile receives the best rates and most likely will save quite a bit of money when switching.
Potential customers who fall outside these standards must pay higher premiums which usually ends up with the driver buying from a lower-cost company. Company advertisements say “drivers who switch” but not “drivers who get quotes” save that kind of money. This is how insurance companies can state the savings.
This illustrates why drivers must get quotes from several different companies. It’s impossible to know the company that will provide you with the cheapest Volkswagen EuroVan insurance rates.
Having a good grasp of insurance can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and coverage can change by endorsement. These are typical coverage types offered by insurance companies.
Comprehensive protection – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as hitting a bird, falling objects, a tree branch falling on your vehicle and fire damage. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Volkswagen EuroVan.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Usually the UM/UIM limits are set the same as your liablity limits.
Medical expense coverage – Medical payments and Personal Injury Protection insurance reimburse you for expenses such as X-ray expenses, funeral costs, doctor visits, nursing services and pain medications. The coverages can be utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Collision coverage – This coverage pays for damage to your EuroVan resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as colliding with another moving vehicle, scraping a guard rail, crashing into a building and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.
Liability car insurance – This protects you from injuries or damage you cause to people or other property in an accident. It protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as repair bills for other people’s vehicles, pain and suffering, repair costs for stationary objects, loss of income and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.
Lower-priced 2002 Volkswagen EuroVan insurance is definitely available online as well as from independent agents, and you need to comparison shop both to have the best selection. Some insurance companies don’t offer you the ability to get quotes online and these small insurance companies work with independent agents.
We covered many ideas to shop for insurance online. It’s most important to understand that the more rate comparisons you have, the higher the chance of saving money. You may even find the most savings is with some of the smallest insurance companies. They can often insure niche markets at a lower cost compared to the large companies like Allstate or State Farm.