Are you a victim of an overpriced insurance policy? Trust us, there are lots of people in the same boat. There are many insurers to buy insurance from, and although it’s nice to have a selection, too many choices makes it more difficult to adequately compare rates.
All major car insurance companies such as State Farm, GEICO and Progressive give prices on their websites. This process doesn’t take much effort as you just enter your coverage preferences into the quote form. Upon sending the form, their rating system pulls credit information and your driving record and quotes a price based on many factors. Online quotes makes it a lot easier to compare rates but the time it takes to visit many different websites and enter the same data into a form can be a bit repetitive. But it is imperative to get many rate quotes if you want to find a better rate.
The better way to compare rates
The preferred way to compare rates requires only one form to obtain quotes from several different companies. This type of form saves time, requires much less work on your part, and makes online quotes much easier to do. After your information is entered, your coverage is rated with multiple companies and you can pick any of the quotes returned.
If a lower price is quoted, you can click and sign and buy the policy. The entire process takes just a few minutes to complete and you will know how your current rates stack up.
To quickly find out how much you’re overpaying now, click here to open in a new tab and fill out the form. To compare your current rates, we recommend you type in the insurance coverages as close as possible to your current policy. This guarantees you will be getting an apples-to-apples comparison using the exact same coverages.
Insurance can be prohibitively expensive, buy you may qualify for discounts to reduce the price significantly. Some discounts apply automatically when you complete an application, but lesser-known reductions have to be manually applied before you will receive the discount. If you’re not getting every credit you qualify for, you’re paying more than you need to.
It’s important to understand that some of the credits will not apply to the overall cost of the policy. A few only apply to the price of certain insurance coverages like liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, insurance companies aren’t that generous. But all discounts will help reduce the cost of coverage.
To see a list of companies offering insurance discounts, click here to view.
When buying coverage, there isn’t really a one size fits all plan. Everyone’s needs are different and a cookie cutter policy won’t apply. For instance, these questions can help discover if your situation would benefit from an agent’s advice.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
An important part of buying insurance is that you know some of the elements that come into play when calculating the rates you pay for insurance coverage. Understanding what determines base rates empowers consumers to make smart changes that could result in lower insurance coverage prices.
Learning about specific coverages of your policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and nobody wants to actually read their policy. Listed below are the usual coverages found on most insurance policies.
Liability insurance provides protection from damage that occurs to other’s property or people by causing an accident. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against things like loss of income, repair costs for stationary objects, funeral expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.
Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as rock chips in glass, hitting a deer and vandalism. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Collision coverage protection
Collision insurance pays for damage to your Express resulting from a collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for things such as rolling your car, crashing into a building, scraping a guard rail and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as nursing services, X-ray expenses, surgery and pain medications. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist (UM/UIM)
This protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and damage to your 2010 Chevy Express.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
As you restructure your insurance plan, you should never skimp on coverage in order to save money. There are too many instances where drivers have reduced physical damage coverage only to regret that the savings was not a smart move. Your strategy should be to find the BEST coverage at a price you can afford.
Cheaper 2010 Chevy Express insurance can be sourced from both online companies in addition to many insurance agents, and you need to price shop both so you have a total pricing picture. A few companies do not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.