Trying to find the cheapest auto insurance rates for your Toyota MR2? Sick and tired of paying out the nose each month for auto insurance? You are no different than most other consumers.
Multiple auto insurance companies compete for your insurance dollar, so it’s not easy to compare every insurance company to find the absolute best price available.
You need to check auto insurance prices at least once a year because auto insurance rates are constantly changing. Even if you think you had the best deal on MR2 insurance a few years ago a different company probably has better prices today. Ignore everything you know about auto insurance because you’re about to find out one of the best ways to find better coverage at a better price.
The fastest way that we advise to compare insurance rates from multiple companies takes advantage of the fact car insurance companies actually pay money for the chance to compare rate quotes. The only thing you need to do is provide details such as daily mileage, if the vehicle is leased, types of safety features, and if you went to college. Your information is submitted instantly to many of the top insurers and they return quotes instantly to find the best rate.
Insurance coverage is not cheap nor is it fun to buy but you may find discounts that can drop the cost substantially. A few discounts will automatically apply when you get a quote, but some must be specially asked for before you will receive the discount. If you don’t get every credit available, you are not getting the best rate possible.
A quick disclaimer, some of the credits will not apply the the whole policy. Some only reduce specific coverage prices like comprehensive or collision. Despite the fact that it seems like it’s possible to get free car insurance, it’s just not the way it works.
For a list of insurers who offer insurance coverage discounts, click this link.
When it comes to buying proper insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions could help you determine whether you would benefit from an agent’s advice.
If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.
Learning about specific coverages of your policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average insurance policy.
Collision coverage – This covers damage to your MR2 resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like hitting a parking meter, scraping a guard rail, backing into a parked car and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.
Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like prosthetic devices, ambulance fees, rehabilitation expenses and EMT expenses. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible
Auto liability – Liability insurance can cover damage or injury you incur to a person or their property. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability can pay for things such as loss of income, bail bonds and repair bills for other people’s vehicles. How much liability coverage do you need? That is your choice, but buy as high a limit as you can afford.
UM/UIM Coverage – This coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your Toyota MR2.
Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Comprehensive or Other Than Collision – This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims such as falling objects, theft, damage from getting keyed, hail damage and vandalism. The highest amount your insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.