Want lower car insurance rates for your Chrysler 200? Did you fall for a flashy sales pitch and buy high-priced car insurance? Believe me when I say you’re not the only one. Lots of insurance companies contend for your insurance dollar, and it can be difficult to compare rates to discover the definitive lowest cost out there.
If you have a policy now or are looking for a new policy, you can follow these tips to find the best rates and still get good coverage. Buying car insurance is not that difficult. Drivers just need to understand the best way to compare rates on the web.
The most recommended method to get rate comparisons is to know the trick all the major auto insurance companies participate in a system to give you rate quotes. The only thing you need to do is give them rating details including if a SR-22 is needed, how much education you have, your credit rating estimate, and how you use your vehicles. The rating information gets transmitted to many of the top insurers and they return rate quotes instantly to find the best rate.
Consumers constantly see and hear ads for the lowest price auto insurance by companies like Allstate and Progressive. All the companies make the same claim that you’ll save big after switching to them.
How do they all claim to save you money? It’s all in the numbers.
Different companies have a certain “appetite” for the type of driver that earns them a profit. For example, a preferred risk might be between 30 and 50, is a homeowner, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile will qualify for the lowest rates and is almost guaranteed to save quite a bit of money when switching.
Potential insureds who are not a match for these standards will be quoted higher rates which usually ends up with business not being written. The ads say “drivers who switch” not “everyone that quotes” save that much money. That’s why companies can advertise the savings.
This emphasizes why drivers should quote coverage with many companies. It’s not possible to predict which insurance company will provide you with the cheapest Chrysler 200 insurance rates.
Properly insuring your vehicles can get expensive, buy you may qualify for discounts to help offset the cost. Most are applied when you quote, but a few need to be manually applied prior to receiving the credit. If you aren’t receiving every discount available, you’re paying more than you need to.
It’s important to note that most discounts do not apply to the entire cost. Most cut the price of certain insurance coverages like comprehensive or collision. Just because it seems like you would end up receiving a 100% discount, companies don’t profit that way. But all discounts will cut the cost of coverage.
Companies who might offer some of the above discounts include:
Check with every prospective company how you can save money. Discounts might not apply everywhere.
When it comes to buying the best auto insurance coverage, there is no single plan that fits everyone. Each situation is unique and your policy should reflect that. Here are some questions about coverages that can aid in determining whether your personal situation might need an agent’s assistance.
If you can’t answer these questions but one or more may apply to you, you might consider talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.
Understanding the coverages of your car insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Shown next are the normal coverages offered by car insurance companies.
Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your 2011 Chrysler 200.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually the UM/UIM limits do not exceed the liability coverage limits.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as nursing services, chiropractic care, pain medications, ambulance fees and funeral costs. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible
Collision coverages – Collision insurance covers damage to your 200 from colliding with an object or car. A deductible applies then your collision coverage will kick in.
Collision insurance covers claims such as damaging your car on a curb, driving through your garage door, rolling your car and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.
Comprehensive coverage (or Other than Collision) – This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like hitting a bird, hitting a deer and a tree branch falling on your vehicle. The maximum amount your car insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Liability insurance – This coverage provides protection from damage or injury you incur to a person or their property by causing an accident. It protects YOU from legal claims by others, and does not provide coverage for damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL that pays claims from the same limit without having the split limit caps.
Liability insurance covers claims like funeral expenses, medical services and structural damage. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.
Low-cost 2011 Chrysler 200 insurance can be sourced online as well as from independent agents, so compare prices from both so you have a total pricing picture. There are still a few companies who don’t offer online price quotes and these small insurance companies work with independent agents.
In this article, we presented many tips how you can shop for insurance online. The key thing to remember is the more rate quotes you have, the higher the chance of saving money. You may even find the lowest rates come from a lesser-known regional company. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as Allstate and Progressive.
For more information, take a look at the articles below: