Sick and tired of paying out the nose to pay your car insurance bill each month? You are in the same boat as many other drivers. Big companies like State Farm, Progressive and GEICO persitently shower you with ad campaigns and it is challenging if not impossible to see past the corporate glitz and do the work needed to find the best deal.
If you are insured now or are just looking to switch companies, you can use this information to get lower rates and possibly find even better coverage. Finding the best rates is not rocket science. Vehicle owners only need to know the tricks to get comparison quotes online.
The method we recommend to compare insurance rates in your area is to know the trick most larger insurance companies participate in a system to provide you with a free rate quote. To start a quote, the only thing you need to do is give them rating details including whether you have decent credit, how your vehicles are used, your education level, and if it has an alarm system. Your details is submitted instantly to insurance carriers in your area and you get price estimates within a short period of time.
The price of auto insurance can be rather high, but you can get discounts to help offset the cost. Some discounts apply automatically when you get a quote, but some may not be applied and must be specifically requested in order for you to get them. If you don’t get every credit available, you are throwing money away.
It’s important to note that many deductions do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like adding up those discounts means a free policy, you won’t be that lucky. Any amount of discount will bring down the cost of coverage.
Companies who might offer these discounts include:
Double check with every prospective company which discounts they offer. Savings might not be offered in every state.
When choosing the right insurance coverage for your vehicles, there really is no cookie cutter policy. Everyone’s needs are different and your policy should reflect that. These are some specific questions could help you determine if your insurance needs would benefit from professional advice.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. To find 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, doesn’t cost anything and can help protect your family.
Understanding the coverages of your policy can help you determine the best coverages and proper limits and deductibles. Car insurance terms can be confusing and even agents have difficulty translating policy wording. Below you’ll find the normal coverages offered by car insurance companies.
Comprehensive coverages – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as falling objects, damage from flooding and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Coverage for medical payments – Coverage for medical payments and/or PIP provide coverage for expenses for things like surgery, doctor visits, hospital visits and rehabilitation expenses. They can be used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible
Coverage for liability – Liability coverage protects you from injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from legal claims by others. 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. You commonly see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability coverage pays for claims such as medical expenses, emergency aid, pain and suffering, bail bonds and structural damage. How much coverage you buy is up to you, but consider buying as much as you can afford.
Uninsured and underinsured coverage – This provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important. Frequently these limits are identical to your policy’s liability coverage.
Collision coverage – This will pay to fix damage to your Impreza caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims like rolling your car, colliding with a tree, hitting a parking meter and colliding with another moving vehicle. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.