Nobody I know enjoys paying for insurance coverage, particularly when the cost is way too high.
Multiple insurers compete for your insurance dollar, and it can be difficult to compare rates and get the definite lowest rate possible.
If you are paying for car insurance now, you will be able to reduce your rates substantially using these techniques. Buying car insurance is not rocket science. But drivers need to have an understanding of how the larger insurance companies market insurance on the web and use this information to your advantage.
All the larger insurance companies give insurance quotes on their websites. Getting online rates is quite easy as you just enter the amount of coverage you want into a form. After you complete the form, their rating system obtains reports for credit and driving violations and provides a quote determined by many factors. Quoting online simplifies rate comparisons, but the work required to visit multiple sites and complete many quote forms is not the best way to spend an afternoon. But it is imperative to do this in order to find better prices.
The preferred way to lower your rates requires only one form that gets prices from a lot of companies. It saves time, requires less work, and makes comparison shopping much more efficient. As soon as the form is sent, your coverage is rated and you can select any or none of the pricing results. If the quotes result in lower rates, it’s easy to complete the application and purchase coverage. The entire process can be completed in less than 10 minutes and you will find out if you’re overpaying now.
In order to use this form to compare rates, click here to open in new window and begin entering your coverage information. If you currently have coverage, we recommend that you enter deductibles and limits as shown on your current policy. Using the same limits helps guarantee you’re receiving rate quotes for similar coverage.
Companies that sell car insurance do not advertise all available discounts very well, so we researched both the well known and the more hidden insurance coverage savings.
It’s important to understand that most discounts do not apply to the entire cost. A few only apply to individual premiums such as comp or med pay. Even though it may seem like you can get free auto insurance, it just doesn’t work that way.
For a list of providers with discount insurance coverage rates, follow this link.
When choosing coverage for your vehicles, there is no perfect coverage plan. Every insured’s situation is different so your insurance should reflect that These are some specific questions might help in determining whether or not you could use an agent’s help.
If you’re not sure about those questions then you might want to talk to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance coverage companies in your area.
Learning about specific coverages of a insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average insurance policy.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Comprehensive auto coverage
This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like a tree branch falling on your vehicle, falling objects, hail damage and theft. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP kick in for expenses like chiropractic care, X-ray expenses, ambulance fees and funeral costs. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
This provides protection from injuries or damage you cause to a person or their property that is your fault. It protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property.
Liability coverage protects against claims such as legal defense fees, bail bonds, loss of income, medical services and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.
This coverage pays for damage to your SLK-Class resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for claims such as backing into a parked car, scraping a guard rail, sustaining damage from a pot hole, colliding with a tree and crashing into a building. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to bump up the deductible to get cheaper collision coverage.