Nobody I know looks forward to buying auto insurance, particularly when they are paying too much. You have multiple car insurance companies to insure vehicles with, and although it’s a good thing to have a choice, so many choices can make it hard to compare rates and cut insurance costs.
Companies offering auto insurance don’t necessarily list every available discount very well, so the following is a list of some of the best known and the more hidden ways to save on car insurance. If you don’t get every credit you qualify for, you are throwing money away.
It’s important to understand that many deductions do not apply the the whole policy. Some only apply to the price of certain insurance coverages like collision or personal injury protection. Just because it seems like you could get a free car insurance policy, companies don’t profit that way.
To see a list of insurance companies with the best car insurance discounts, click here.
When it comes to choosing adequate coverage for your vehicles, there is no cookie cutter policy. Every situation is different and your policy should reflect that. These are some specific questions could help you determine if your insurance needs will benefit from professional help.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.
Having a good grasp of your auto insurance policy helps when choosing the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types found on most auto insurance policies.
Auto liability insurance – Liability coverage will cover injuries or damage you cause to a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability insurance covers claims such as emergency aid, repair bills for other people’s vehicles, bail bonds, repair costs for stationary objects and medical services. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.
Collision coverage – Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims such as crashing into a building, hitting a parking meter, sustaining damage from a pot hole, colliding with another moving vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. You can also choose a higher deductible to get cheaper collision coverage.
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Mercedes-Benz CLS-Class.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.
Medical expense insurance – Medical payments and Personal Injury Protection insurance kick in for expenses like pain medications, surgery, hospital visits and ambulance fees. They are often utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Comprehensive (Other than Collision) – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like hitting a bird, falling objects, hail damage and a broken windshield. The maximum amount you’ll receive from a 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.
We just showed you some good ideas how you can shop for 2006 Mercedes-Benz CLS-Class insurance online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. Drivers may discover the most savings is with a small mutual company. Regional companies may have significantly lower rates on certain market segments compared to the large companies like Allstate and Progressive.
As you restructure your insurance plan, make sure you don’t sacrifice coverage to reduce premiums. Too many times, someone dropped physical damage coverage and discovered at claim time they didn’t purchase enough coverage. Your focus should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.
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