Are you tired of trying to scrape together enough money to buy car insurance? You are in the same boat as many other drivers. You have so many auto insurance companies to buy insurance from, and although it’s a good thing to be able to choose, so many choices can make it hard to find the lowest rates.
Companies don’t always list all their discounts very clearly, so the following is a list of some of the more common and the more hidden ways to save on auto insurance. If you’re not getting every credit you deserve, you are throwing money away.
Keep in mind that most credits do not apply to the entire cost. Some only reduce specific coverage prices like comp or med pay. Just because it seems like it’s possible to get free car insurance, it just doesn’t work that way.
For a list of insurance companies who offer auto insurance discounts, click here to view.
Drivers can’t get away from ads for cheaper car insurance from the likes of GEICO, State Farm and Progressive. All the companies say the same thing of big savings if you change your coverage to them.
How can each company say the same thing?
All companies have a certain “appetite” for the driver they prefer to insure. For example, a desirable insured could possibly be over the age of 40, insures multiple vehicles, and drives less than 7,500 miles a year. Any new insured that hits that “sweet spot” gets the lowest rates and therefore will save when they switch companies.
Drivers who do not match these standards will have to pay higher rates which usually ends up with business going elsewhere. The ads say “customers who switch” but not “drivers who get quotes” save that much money. That’s the way insurance companies can make the claims of big savings. Because of the profiling, it’s extremely important to get a wide range of price quotes. Because you never know which insurance company will have the lowest Ford Escape insurance rates.
When choosing adequate coverage for your personal vehicles, there is no best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions may help you determine if your situation would benefit from professional advice.
If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and may give you better protection.
Knowing the specifics of your policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and coverage can change by endorsement. These are typical coverages found on the average insurance policy.
Collision coverage – This coverage covers damage to your Escape resulting from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as driving through your garage door, rolling your car, damaging your car on a curb, colliding with another moving vehicle and crashing into a ditch. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Comprehensive coverages – This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as fire damage, a broken windshield, damage from flooding and vandalism. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured and underinsured coverage – This provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.
Coverage for medical payments – Coverage for medical payments and/or PIP kick in for expenses such as X-ray expenses, surgery, doctor visits, dental work and pain medications. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible
Liability coverage – This coverage will cover injuries or damage you cause to other people or property in an accident. This insurance protects YOU from claims by other people. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.
Liability insurance covers claims such as emergency aid, repair costs for stationary objects and legal defense fees. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.
Throughout this article, we presented many ideas to compare 2005 Ford Escape insurance prices online. The key thing to remember is the more companies you get rates for, the better chance you’ll have of finding lower rates. Drivers may discover the most savings is with a company that doesn’t do a lot of advertising. Some small companies can often provide lower rates in certain areas than the large multi-state companies such as State Farm, GEICO and Nationwide.
Cost effective insurance is attainable from both online companies and with local insurance agents, and you need to price shop both to get a complete price analysis. Some insurance providers do not offer you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.
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