Buying low-cost insurance on the web can be difficult for people who are new to comparison shopping online. With so many companies competing online, how can you have a chance to compare the different rates to find the best price?
The price of auto insurance can be rather high, but there could be available discounts that you may not even be aware of. Certain discounts will be applied at the time you complete a quote, but some must be asked for before being credited.
Drivers should understand that most credits do not apply to the entire policy premium. Some only reduce the cost of specific coverages such as liability, collision or medical payments. Just because you may think adding up those discounts means a free policy, it doesn’t quite work that way. Any qualifying discounts will bring down your premiums.
Companies that may offer some of the above discounts include:
Check with all companies you are considering which discounts you may be entitled to. Discounts might not apply in your area.
When it comes to choosing the best car insurance coverage, there is no cookie cutter policy. Every situation is different.
Here are some questions about coverages that may help highlight if you may require specific advice.
If you don’t know the answers to these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form.
Understanding the coverages of a auto insurance policy helps when choosing the right coverages for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP reimburse you for expenses for things like funeral costs, dental work, rehabilitation expenses and chiropractic care. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible
Uninsured/Underinsured Motorist (UM/UIM)
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage 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 these limits are identical to your policy’s liability coverage.
Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like fire damage, hitting a bird, rock chips in glass, a broken windshield and damage from a tornado or hurricane. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Liability coverage protects you from damage or injury you incur to a person or their property. This insurance protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.
Liability insurance covers claims like medical expenses, repair costs for stationary objects and funeral expenses. How much coverage you buy is your choice, but consider buying as high a limit as you can afford.
This covers damage to your Fusion resulting from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as driving through your garage door, damaging your car on a curb, sustaining damage from a pot hole, crashing into a building and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Drivers also have the option to raise the deductible to bring the cost down.
Lower-priced 2012 Ford Fusion insurance is available on the web and with local insurance agents, and you should be comparing both to have the best chance of lowering rates. Some companies do not offer you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.
When shopping online for auto insurance, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many cases where an insured cut comprehensive coverage or liability limits only to regret at claim time that it was a big error on their part. Your goal should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.
Insureds change insurance companies for a number of reasons such as extreme rates for teen drivers, lack of trust in their agent, not issuing a premium refund or even policy cancellation. It doesn’t matter what your reason, choosing a new insurance company can be pretty painless.
Even more information can be found at these sites: