Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Trust us, there are lots of people in the same boat. You have so many insurers to choose from, and although it’s a good thing to have a choice, it makes it harder to find the best rates.
The purpose of this article is to instruct you on the best way to quote coverages and some money-saving tips. If you currently have a car insurance policy, you stand a good chance to be able to save some money using this strategy. Vehicle owners just need to understand the proper methods to shop their coverage around online.
Insurance can be prohibitively expensive, but companies offer discounts that you may not know about. Some trigger automatically at quote time, but some may not be applied and must be asked for in order for you to get them. If you’re not getting every credit you qualify for, you are throwing money away.
As a disclaimer on discounts, most credits do not apply to all coverage premiums. Most only reduce the cost of specific coverages such as comprehensive or collision. Just because it seems like all those discounts means the company will pay you, insurance coverage companies aren’t that generous. Any amount of discount will help reduce your overall premium however.
To see a list of companies offering insurance coverage discounts, click here.
When it comes to buying proper insurance coverage for your personal vehicles, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions can aid in determining if your insurance needs might need an agent’s assistance.
If it’s difficult to answer those questions, you may need to chat with a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.
Learning about specific coverages of a insurance policy aids in choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages available from insurance companies.
This will cover damage or injury you incur to a person or their property by causing an accident. It protects YOU against other people’s claims. It does not cover 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. As an example, you may have liability limits of 100/300/100 which means $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims like medical expenses, legal defense fees and repair costs for stationary objects. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Medical expense coverage
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for things like chiropractic care, surgery and nursing services. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like a broken windshield, hitting a bird, fire damage, vandalism and rock chips in glass. The most a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
This coverage pays for damage to your Savana Cargo from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like sideswiping another vehicle, colliding with a tree, backing into a parked car and hitting a parking meter. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your GMC Savana Cargo.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked. Usually these coverages are set the same as your liablity limits.
We’ve covered many ways to save on 2015 GMC Savana Cargo insurance. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the lowest priced insurance comes from the least-expected company. Smaller companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate or State Farm.
As you shop your coverage around, it’s a bad idea to buy poor coverage just to save money. There have been many cases where an accident victim reduced uninsured motorist or liability limits only to discover later that it was a big error on their part. The proper strategy is to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.
Additional insurance information can be found on the following sites: