Nobody I know enjoys paying for insurance, especially when the cost is too high. Big-name insurance companies like GEICO, 21st Century and Progressive continually bombard you with ad campaigns and it can be hard to ignore the flying pigs and cute green geckos and take the time to shop coverage around.
The best way we recommend to compare car insurance company rates is to realize all the major auto insurance companies participate in online systems to provide you with free rate quotes. All consumers are required to do is provide the companies a bit of rating information including if you are currently licensed, if you lease or own, an estimate of your credit level, and if you require a SR-22. That rating information gets transmitted to insurance companies and you should receive rate quotes very quickly.
Consumers can’t get away from ads that promise big savings by companies like Allstate, GEICO and Progressive. They all seem to make an identical promise that you’ll save big if you change to them.
How can each company make the same claim?
Insurance companies can use profiling for the driver that earns them a profit. An example of a profitable customer could be between 25 and 40, has no driving citations, and has excellent credit. Any new insured who meets those qualifications will get very good rates and therefore will cut their rates substantially.
Consumers who don’t measure up to this ideal profile will be charged higher prices and ends up with the driver buying from a lower-cost company. Company advertisements say “people who switch” not “everyone that quotes” save that kind of money. That is how insurance companies can advertise the way they do. That is why you need to quote coverage with many companies. It is impossible to predict the company that will fit your personal profile best.
Companies offering auto insurance don’t always publicize every discount in a way that’s easy to find, so we took the time to find both the well known and the harder-to-find discounts you could be receiving. If you aren’t receiving every discount you qualify for, you are throwing money away.
Consumers should know that some credits don’t apply to the entire cost. A few only apply to the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you would end up receiving a 100% discount, companies don’t profit that way.
For a list of companies with discount insurance coverage rates, follow this link.
When choosing the right insurance coverage, there really is no cookie cutter policy. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that can aid in determining whether or not you 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 a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area. It is quick, free and may give you better protection.
Learning about specific coverages of your car insurance policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are the usual coverages offered by car insurance companies.
Liability insurance – This protects you from damages or injuries you inflict on a person or their property by causing an accident. It protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see 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.
Liability coverage protects against things such as medical services, structural damage and bail bonds. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.
Uninsured and underinsured coverage – This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your 2003 Dodge Neon.
Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.
Collision – This coverage pays for damage to your Neon resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as backing into a parked car, driving through your garage door and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to increase the deductible in order to get cheaper collision rates.
Coverage for medical payments – Med pay and PIP coverage pay for short-term medical expenses like doctor visits, surgery, rehabilitation expenses and X-ray expenses. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like falling objects, fire damage, damage from flooding, hail damage and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
While you’re price shopping online, it’s not a good idea to buy less coverage just to save a little money. In too many instances, someone sacrificed uninsured motorist or liability limits only to regret at claim time they didn’t have enough coverage. The proper strategy is to purchase plenty of coverage for the lowest price, not the least amount of coverage.
Lower-priced 2003 Dodge Neon insurance can be bought online in addition to many insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not provide online price quotes and these small insurance companies work with independent agents.