Finding lower rates for auto insurance is hard for people who are new to comparing rates online. You have so many choices that it can quickly become a real hassle to find the best price.
You should make it a habit to price shop coverage periodically since rates are usually higher with each renewal. Just because you found the best price for Malibu coverage six months ago you can probably find a lower rate today. You’ll find quite a bit of inaccurate information about auto insurance on the internet, so we’re going to give you some solid techniques on how to find affordable auto insurance.
The quickest method to get policy rate comparisons is to know the trick most larger insurance companies allow for online access to give you rate quotes. To begin a comparison, all you need to do is provide details like if it has an alarm system, the type of vehicles you drive, distance driven, and driver ages. Your details is then sent to multiple different insurance companies and they provide comparison quotes very quickly.
Car insurance companies do not advertise all available discounts in a way that’s easy to find, so the following is a list of both the well known and the harder-to-find savings tricks you should be using.
As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. Most only cut the price of certain insurance coverages like liability and collision coverage. Even though it may seem like it’s possible to get free car insurance, you’re out of luck.
Car insurance companies that may offer some of the above discounts may include but are not limited to:
It’s a good idea to ask each company which discounts they offer. Some discounts may not be available in your state.
When it comes to buying proper insurance coverage, there isn’t really a single plan that fits everyone. Everyone’s needs are different.
Here are some questions about coverages that can aid in determining whether you will benefit from professional help.
If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form.
Learning about specific coverages of a insurance policy helps when choosing appropriate coverage for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring.
Comprehensive coverage – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as damage from a tornado or hurricane, falling objects, rock chips in glass and damage from flooding. The highest amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Chevy Malibu.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.
Collision coverage – Collision insurance covers damage to your Malibu from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as hitting a mailbox, backing into a parked car, crashing into a building and driving through your garage door. This coverage can be expensive, so you might think about dropping it from lower value vehicles. You can also raise the deductible to get cheaper collision coverage.
Liability car insurance – Liability coverage can cover damages or injuries you inflict on people or other property that is your fault. It protects YOU from claims by other people. It does not cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.
Liability coverage pays for things such as repair bills for other people’s vehicles, medical expenses, court costs, repair costs for stationary objects and medical services. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.
Medical payments coverage and PIP – Med pay and PIP coverage provide coverage for expenses for things like EMT expenses, rehabilitation expenses and chiropractic care. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state and gives slightly broader coverage than med pay