Are you a victim of an overpriced auto insurance policy? Believe me, many consumers feel financially strained by their auto insurance policy. Because you have many online and local companies to choose from, it can be challenging to choose the lowest cost provider.
Pricing cheaper insurance coverage is not that difficult. If you have a current insurance policy or need a new policy, you can learn to shop for the lowest rates while maximizing coverage. Vehicle owners only need an understanding of how to find the lowest price online.
The price of auto insurance can be rather high, but there could be available discounts that you may not know about. Larger premium reductions will be automatically applied at the time of purchase, but some may not be applied and must be inquired about prior to receiving the credit. If you aren’t receiving every discount you qualify for, you are throwing money away.
Consumers should know that most of the big mark downs will not be given the the whole policy. Most only reduce individual premiums such as comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, you’re out of luck. But any discount will reduce the cost of coverage.
To see a list of companies who offer insurance coverage discounts, click this link.
Getting a lower price on 2008 Chrysler Sebring insurance is not rocket science. Drivers just need to invest a little time comparing price quotes from different insurance companies. It is quite easy and can be accomplished in several different ways.
Probably the best way consumers can analyze rates is to use a rate comparison form (click to open form in new window). This form keeps you from doing multiple quote forms for each company. One form will get you rate comparisons from all major companies.
Another way to compare rate quotes requires a trip to each company website and complete a new quote form. For instance, we’ll assume you want comparison quotes from Allstate, Farmers and GEICO. To get each rate you have to take the time to go to each site and enter your policy data, which is why the first method is more popular. To view a list of companies in your area, click here.
It’s up to you how you get prices quotes, just ensure you are comparing identical deductibles and coverage limits with every price quote. If each company quotes different liability limits then you won’t be able to find the best deal for your Chrysler Sebring.
When it comes to choosing adequate coverage, there is no “perfect” insurance plan. Every insured’s situation is different so your insurance needs to address that. Here are some questions about coverages that might help in determining if your situation will benefit from professional help.
If you don’t know the answers to these questions but you know they apply to you, you might consider 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 auto insurance companies in your area. It only takes a few minutes and can provide invaluable advice.
Understanding the coverages of your policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on most auto insurance policies.
Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Chrysler Sebring.
Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Usually these limits do not exceed the liability coverage limits.
Collision coverage – This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims such as sideswiping another vehicle, driving through your garage door, colliding with another moving vehicle, rolling your car and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.
Liability car insurance – This provides protection from injuries or damage you cause to people or other property in an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.
Liability can pay for claims such as funeral expenses, bail bonds and loss of income. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.
Insurance for medical payments – Coverage for medical payments and/or PIP kick in for expenses such as dental work, prosthetic devices, chiropractic care and doctor visits. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible
Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as damage from flooding, damage from a tornado or hurricane, rock chips in glass, hitting a deer and falling objects. The highest amount your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Cheaper 2008 Chrysler Sebring insurance can be purchased from both online companies as well as from independent agents, so compare prices from both to have the best chance of lowering rates. Some insurance companies don’t offer the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.
As you prepare to switch companies, it’s very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where someone dropped physical damage coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The proper strategy is to get the best coverage possible at the best price while not skimping on critical coverages.