Tired of robbing Peter to pay Paul to pay your car insurance bill each month? Your situation is no different than many other drivers. Insurance companies such as Allstate, Progressive and GEICO promote their brand names with catchy ads and it is challenging if not impossible to ignore the propoganda and take the time to shop coverage around.
Car insurance companies don’t always publicize every available discount very clearly, so we took the time to find both well-publicized and the harder-to-find savings tricks you should be using. If you’re not getting every credit possible, you’re just leaving money on the table.
Consumers should know that most of the big mark downs will not be given to the entire policy premium. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, companies wouldn’t make money that way.
For a list of companies with discount auto insurance rates, click here to view.
The best way we recommend to compare car insurance rates is to take advantage of the fact most of the larger companies actually pay money for the chance to give free rates quotes. The only thing you need to do is provide information such as the ages of drivers, if you lease or own, if a SR-22 is required, and if you went to college. The rating information gets transmitted to many different companies and you get price estimates with very little delay.
To compare multiple company rates now, click here then complete the form.
When it comes to buying adequate coverage for your vehicles, there really is no “perfect” insurance plan. Everyone’s needs are different so your insurance should reflect that These are some specific questions may help you determine if you will benefit from professional help.
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and may give you better protection.
Understanding the coverages of insurance can help you determine which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most insurance policies.
Collision – This coverage pays for damage to your Sonata Hybrid resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for things like driving through your garage door, colliding with another moving vehicle, hitting a parking meter, sustaining damage from a pot hole and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.
Comprehensive 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 and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims such as rock chips in glass, damage from getting keyed and hitting a bird. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Liability insurance – This coverage provides protection from damages or injuries you inflict on people or other property by causing an accident. This insurance 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. You might see values 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 $50,000 of coverage for damaged propery.
Liability coverage pays for things such as court costs, loss of income, emergency aid and bail bonds. How much coverage you buy is up to you, but buy higher limits if possible.
UM/UIM Coverage – This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Hyundai Sonata Hybrid.
Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.
Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for expenses such as funeral costs, dental work, hospital visits, chiropractic care and rehabilitation expenses. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers you and your occupants and also covers getting struck while a pedestrian. PIP is not an option in every state but can be used in place of medical payments coverage
Affordable 2014 Hyundai Sonata Hybrid insurance can be found both online in addition to many insurance agents, so compare prices from both to get a complete price analysis. Some insurance providers do not provide online quoting and these regional insurance providers work with independent agents.
We’ve covered a lot of information how to save on insurance. The key thing to remember is the more rate comparisons you have, the higher the chance of saving money. Drivers may discover the biggest savings come from a smaller regional carrier. These smaller insurers may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, GEICO and Nationwide.
More detailed car insurance information is available in these articles: