Confused by the number of car insurance companies? You’re not alone. There are so many choices that it can turn into a challenge to find the best price.
Insuring your fleet can be pricey, but discounts can save money and there are some available that many people don’t even know exist. Certain discounts will be triggered automatically when you quote, but a few must be asked about before they will apply.
Consumers should know that most discounts do not apply the the whole policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. But any discount will bring down your premiums.
For a list of companies offering insurance coverage discounts, click this link.
All the larger insurance coverage companies give coverage price quotes on their websites. Getting online quotes is fairly straightforward as you just type in the coverage amounts you desire into the quote form. Upon sending the form, their rating system requests information on your driving record and credit history and gives you a price quote.
This makes comparing rates easy, but having to visit many different websites and fill out multiple forms can be a bit tiresome and repetitive. But it’s very important to perform this step in order to find the lowest possible prices on insurance coverage.
Compare rates the easy way
The preferred way to compare rates requires only one form to return rates from several different companies. It’s a real time-saver, requires much less work on your part, and makes online shopping much easier to do. After sending your information, it is quoted and you are able to buy your choice of the price quotes you receive.
If the quotes result in lower rates, you can simply submit the application and purchase the new policy. The whole process can be completed in less than 10 minutes and you will know how your current rates stack up.
To find out how much you can save on insurance coverage, simply click here to open in new window and complete the simple form. If you have coverage now, it’s recommended you copy the limits and deductibles exactly as shown on your declarations page. Doing this guarantees you will be getting comparison quotes using the same coverage and limits.
When buying adequate coverage, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs.
For instance, these questions can aid in determining whether you might need professional guidance.
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an agent. If you don’t have a local agent, complete this form.
Learning about specific coverages of auto insurance can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.
Comprehensive (Other than Collision) – Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as hitting a bird, falling objects, damage from flooding, rock chips in glass and damage from a tornado or hurricane. The maximum payout your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Protection from uninsured/underinsured drivers – This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally these limits are identical to your policy’s liability coverage.
Liability coverages – This protects you from damage or injury you incur to people or other property in an accident. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage pays for claims like pain and suffering, court costs, legal defense fees, attorney fees and bail bonds. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.
Medical expense insurance – Coverage for medical payments and/or PIP reimburse you for bills for things like X-ray expenses, doctor visits and funeral costs. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
Collision coverage – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as hitting a parking meter, damaging your car on a curb and rolling your car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to get cheaper collision coverage.
Low-cost 2007 Jeep Wrangler insurance can be bought from both online companies as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance companies don’t offer online price quotes and most of the time these smaller companies sell through independent agents.
Throughout this article, we presented a lot of techniques to lower your insurance rates. The key thing to remember is the more price quotes you have, the better your comparison will be. Consumers could even find that the most savings is with a lesser-known regional company.
Insureds switch companies for many reasons like denial of a claim, delays in paying claims, not issuing a premium refund and even policy cancellation. Regardless of your reason, switching insurance coverage companies is easier than you think.