Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Trust us when we tell you there are lots of people in the same boat. Insurance companies such as Allstate, Progressive and GEICO constantly blast consumers with ad campaigns and it is difficult to see through the cute green geckos and mayhem and do the work needed to find the best deal.
It’s smart to check insurance prices periodically because rates are constantly changing. Even if you think you had the lowest rates on Impreza WRX insurance six months ago there is a good chance you can find better rates now. Starting right now, block out anything you think you know about insurance because you’re going to learn the proper way to save on insurance.
If you are insured now or are just looking to switch companies, you can learn to shop for the lowest rates while maintaining coverages. Finding affordable coverage is not rocket science. Consumers only need an understanding of how to compare company rates online.
Car insurance companies don’t necessarily list all available discounts in a way that’s easy to find, so the following is a list of some of the more common and also the lesser-known savings tricks you should be using. If you aren’t receiving every discount possible, you’re just leaving money on the table.
Consumers should know that most discount credits are not given the the whole policy. A few only apply to individual premiums such as comprehensive or collision. So even though they make it sound like all those discounts means the company will pay you, you won’t be that lucky.
A partial list of companies that may have these discounts include:
Before buying, ask each insurance company which discounts you may be entitled to. Discounts might not be offered in every state.
All the larger insurance companies like 21st Century, Allstate and State Farm allow you to get pricing online. This process is quite simple as you just enter your personal and coverage information as requested by the quote form. Once you submit the form, their rating system obtains credit information and your driving record and provides a quote based on these and other factors. Being able to quote online makes comparing rates easy, but the time it takes to visit many different websites and enter the same data into a form gets old quite quickly. But it’s very important to have as many quotes as possible if you are searching for better prices.
The preferred way to locate the lowest prices uses one form to return rates from a lot of companies. It’s a real time-saver, requires much less work on your part, and makes online price comparison much simpler. Once the form is submitted, it gets priced and you can select any or none of the returned quotes. If one or more price quotes are lower than your current rates, you can click and sign and purchase coverage. This process takes 15 minutes at the most and may result in a nice savings.
If you want to compare rates using this form now, simply click here to open in new window and fill out the form. If you have coverage now, it’s recommended you complete the form with the limits and deductibles as shown on your current policy. Doing this assures you will be getting comparison quotes for similar insurance coverage.
When buying proper insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Every situation is different so your insurance needs to address that. These are some specific questions can aid in determining whether your personal situation may require specific advice.
If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.
Knowing the specifics of your policy helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverages available from auto insurance companies.
Comprehensive auto insurance
Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as damage from getting keyed, hitting a bird, damage from flooding, vandalism and a broken windshield. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Coverage for medical expenses
Coverage for medical payments and/or PIP kick in for short-term medical expenses such as hospital visits, X-ray expenses, EMT expenses and prosthetic devices. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. It covers not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage
This can cover damages or injuries you inflict on other people or property by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.
Liability coverage protects against things such as bail bonds, legal defense fees, loss of income and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but consider buying higher limits if possible.
Collision coverage protection
This pays for damage to your Impreza WRX caused by collision with another car or object. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as colliding with another moving vehicle, hitting a mailbox and driving through your garage door. This coverage can be expensive, 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.
Coverage for uninsured or underinsured drivers
This provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Subaru Impreza WRX.
Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Cost effective 2014 Subaru Impreza WRX insurance can be purchased both online as well as from independent agents, and you need to comparison shop both to have the best rate selection. Some insurance providers don’t offer online quoting and most of the time these small, regional companies sell through independent agents.
As you shop your coverage around, it’s a bad idea to reduce needed coverages to save money. There have been many situations where an accident victim reduced physical damage coverage only to discover later they didn’t purchase enough coverage. Your strategy should be to buy the best coverage you can find at an affordable rate while still protecting your assets.