Are you confused by the dozens of insurance options? You’re not alone. Drivers have so many companies to choose from that it can turn into more work than you anticipated to find the lowest price.
An important part of buying insurance is that you know the different types of things that play a part in calculating auto insurance rates. Knowing what influences your rates allows you to make educated decisions that will entitle you to much lower annual insurance costs.
Car insurance companies do not advertise all their discounts in an easy-to-find place, so the following is a list of some of the best known as well as the least known discounts you could be receiving.
A little note about advertised discounts, some of the credits will not apply to all coverage premiums. Most only apply to specific coverage prices like medical payments or collision. Just because you may think you would end up receiving a 100% discount, car insurance companies aren’t that generous.
For a list of companies with the best car insurance discounts, click here.
Car insurance providers like Allstate and Progressive continually stream ads in print and on television. They all have a common claim that you’ll save big after switching to their company. But how can every company make the same claim?
Insurance companies can use profiling for the driver that makes them money. For example, a preferred risk might be profiled as between 25 and 40, a clean driving record, and chooses high deductibles. A customer who fits that profile receives the best rates and therefore will pay quite a bit less when switching companies.
Consumers who do not match these standards will be quoted higher rates and ends up with business not being written. The ads state “drivers who switch” not “everyone that quotes” save money. That is how insurance companies can advertise the way they do. This emphasizes why you absolutely need to get as many quotes as possible. It’s just too difficult to predict which company will provide you with the cheapest Suzuki Grand Vitara insurance rates.
When it comes to choosing the right insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique.
Here are some questions about coverages that might help in determining whether your personal situation could use an agent’s help.
If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, complete this form.
Learning about specific coverages of auto insurance can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and reading a policy is terribly boring.
Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Suzuki Grand Vitara.
Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.
Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as theft, damage from flooding, damage from getting keyed, a broken windshield and hitting a deer. The maximum amount a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
This coverage pays for damage to your Grand Vitara resulting from a collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for claims like colliding with a tree, driving through your garage door, crashing into a ditch, rolling your car and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.
This coverage protects you from injuries or damage you cause to other’s property or people that is your fault. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.
Liability coverage pays for claims such as medical services, court costs and pain and suffering. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.
Med pay and PIP coverage reimburse you for expenses such as funeral costs, surgery, prosthetic devices, hospital visits and X-ray expenses. They can be used to fill the gap from your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible
People leave their current company for a number of reasons such as unfair underwriting practices, poor customer service, delays in responding to claim requests or not issuing a premium refund. No matter why you want to switch, finding a new auto insurance company is easier than you think.
As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. In too many instances, an insured cut liability limits or collision coverage only to find out that it was a big mistake. Your focus should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.
The cheapest 2007 Suzuki Grand Vitara insurance can be sourced from both online companies as well as from independent agents, and you should compare price quotes from both in order to have the best chance of saving money. Some companies don’t offer online price quotes and these regional insurance providers work with independent agents.
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