Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us when we tell you there are many people just like you. Companies like Progressive, GEICO and Farmers Insurance continually bombard you with ads and it is challenging if not impossible to separate fact from fiction and effectively compare rates to find the best deal.
It’s a good habit to get comparison quotes before your policy renews since rates are constantly changing. Despite the fact that you may have had the best rates on Rio coverage a couple years back other companies may now be cheaper. Starting right now, ignore everything you know about car insurance because it’s time to teach you the fastest and easiest way to remove unneeded coverages and save money.
Companies don’t list every available discount very clearly, so here is a list some of the best known as well as the least known ways to save on auto insurance. If you’re not getting every credit you qualify for, you are throwing money away.
Consumers should know that most discounts do not apply to your bottom line cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, it doesn’t quite work that way.
Car insurance companies that may offer these money-saving discounts may include but are not limited to:
Double check with every prospective company which discounts they offer. All car insurance discounts may not be available in every state.
When buying coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique so your insurance should reflect that These are some specific questions might help in determining whether your personal situation might need professional guidance.
If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.
Consumers can’t get away from ads for cheaper car insurance by companies like State Farm and Allstate. They all seem to make the same claim that you’ll save big if you switch to them.
How does each company make the same claim?
Insurance companies are able to cherry pick for the right customer that earns them a profit. For instance, a desirable insured might be between 25 and 40, owns a home, and has a high credit rating. A propective insured who meets those qualifications is entitled to the best price and therefore will save a lot of money.
Consumers who are not a match for this ideal profile must pay more money and this can result in the customer not buying. The ads state “drivers who switch” not “everybody who quotes” save money. That is how companies can make those claims. This illustrates why you absolutely need to get a wide range of price quotes. Because you never know which company will provide you with the cheapest Kia Rio insurance rates.
Having a good grasp of your insurance policy helps when choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverage types found on most insurance policies.
Liability auto insurance – This can cover damages or injuries you inflict on people or other property by causing an accident. It protects you against claims from other people. It does not cover 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. You commonly see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.
Liability coverage pays for things such as loss of income, structural damage, attorney fees and funeral expenses. The amount of liability coverage you purchase is a personal decision, but consider buying as much as you can afford.
Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like dental work, surgery and chiropractic care. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible
Comprehensive coverages – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like fire damage, hail damage and theft. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Collision coverages – This pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as backing into a parked car, sideswiping another vehicle, damaging your car on a curb, colliding with another moving vehicle and hitting a mailbox. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.
In this article, we covered some good ideas how you can compare 2014 Kia Rio insurance prices online. The key concept to understand is the more you quote, the better chance you’ll have of finding lower rates. Drivers may discover the best prices are with an unexpected company. They can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, GEICO and Progressive.
As you shop your coverage around, don’t be tempted to skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced collision coverage only to regret at claim time they didn’t have enough coverage. Your aim should be to buy enough coverage at the best price.
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