Sick and tired of robbing Peter to pay Paul each month for car insurance? Your situation is no different than many other drivers. You have multiple auto insurance companies to pick from, and although it’s a good thing to have a selection, it makes it harder to compare rates and cut insurance costs.
Finding affordable coverage is not rocket science. If you have a policy now or need a new policy, you can learn to get lower rates and still get good coverage. Consumers just need to understand the tricks to shop for insurance over the internet.
Companies offering auto insurance don’t list every available discount in a way that’s easy to find, so we researched some of the best known and also the lesser-known discounts you could be receiving. If you aren’t receiving every discount you qualify for, you are paying more than you should be.
It’s important to understand that most discount credits are not given the the whole policy. Some only apply to individual premiums such as liability and collision coverage. So when it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.
Companies that may have some of the above discounts are:
Double check with every prospective company which discounts you may be entitled to. All car insurance discounts might not be offered in your state.
When it comes to choosing proper insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight if your insurance needs would benefit from an agent’s advice.
If you can’t answer these questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.
Knowing the specifics of your policy can help you determine which coverages you need for your vehicles. Auto insurance terms can be difficult to understand and coverage can change by endorsement. Listed below are typical coverages found on most auto insurance policies.
Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like hitting a parking meter, crashing into a building, scraping a guard rail and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family.
Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as hitting a deer, damage from getting keyed, theft, hitting a bird and a broken windshield. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Liability coverage will cover damage that occurs to other people or property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.
Liability coverage protects against things like emergency aid, bail bonds, repair bills for other people’s vehicles, structural damage and medical services. How much liability should you purchase? That is up to you, but you should buy as much as you can afford.
Personal Injury Protection (PIP) and medical payments coverage pay for expenses for things like pain medications, X-ray expenses and doctor visits. They are often used to fill the gap from your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay
Lower-priced 2010 Lexus HS 250h insurance can be bought both online and also from your neighborhood agents, so you should compare both to have the best rate selection. There are still a few companies who may not provide you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.
When you buy insurance online, never reduce needed coverages to save money. Too many times, an accident victim reduced comprehensive coverage or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. Your goal should be to purchase plenty of coverage at a price you can afford, not the least amount of coverage.
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