Trying to come up with a payment for expensive insurance can take a big chunk out of your savings and force you to make tough financial choices. Comparing cost estimates is free and is an excellent way to cut your insurance bill.
Insurance companies such as Allstate and Progressive increase brand awareness with catchy ads and it can be hard to see past the geckos and flying pigs and effectively compare rates to find the best deal.
Some insurance providers don’t necessarily list every discount in a way that’s easy to find, so we break down both well-publicized as well as some of the hidden credits available to bring down your rates.
Remember that some of the credits will not apply to your bottom line cost. Some only apply to individual premiums such as collision or personal injury protection. Even though it may seem like it’s possible to get free car insurance, you won’t be that lucky.
A few popular companies and the discounts they provide are shown below.
Before buying, ask each company which discounts can lower your rates. Savings may not apply in your area. If you would like to view providers with the best discounts, follow this link.
When buying the right insurance coverage, there isn’t really a perfect coverage plan. Everyone’s situation is unique so your insurance should reflect that Here are some questions about coverages that may help highlight if you may require specific advice.
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Well-known car insurance companies like 21st Century, Allstate and State Farm seem to constantly run television and radio advertisements. They all make the point that people will save if you get a free insurance coverage quote and switch your coverage. How does every company have lower policy pricing? This is the way they can do it.
Insurance providers are able to cherry pick for the type of customer that earns them a profit. An example of this type of insured should be married and over the age of 30, has a clean driving record, and drives a car with an anti-theft system. Any driver who meets those qualifications receive the lowest rate quotes and will also save quite a bit of money when switching.
Insureds who may not quite match those standards will be quoted a more expensive rate and this can result in business going elsewhere. Company advertisements say “customers who switch” not “everyone that quotes” save the amount stated. This is how companies can truthfully state the savings. Because of this risk profiling, it is so important to compare price quotes frequently. It’s just not possible to know the company that will give you lower premium rates than your current company.
Understanding the coverages of your insurance policy aids in choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages found on most insurance policies.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like dental work, hospital visits, funeral costs, prosthetic devices and doctor visits. They are utilized in addition to your health insurance program or if you do not have health coverage. They cover you and your occupants in addition to being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay
Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.
Collision coverages – Collision coverage pays for damage to your GTI caused by collision with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims such as damaging your car on a curb, hitting a parking meter, colliding with another moving vehicle and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. You can also increase the deductible to bring the cost down.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like falling objects, hitting a deer, damage from a tornado or hurricane, damage from flooding and hitting a bird. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Liability car insurance – This coverage can cover damage or injury you incur to other’s property or people in an accident. It protects YOU from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.
Liability coverage pays for things like legal defense fees, court costs, medical expenses, emergency aid and funeral expenses. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.
When getting insurance coverage quotes online, it’s a bad idea to skimp on critical coverages to save a buck or two. In too many instances, an insured dropped liability coverage limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to get the best coverage possible at an affordable rate, but do not skimp to save money.
We just showed you many ways to reduce 1992 Volkswagen GTI insurance prices online. The key concept to understand is the more providers you compare, the better your comparison will be. Consumers may even find the lowest prices are with a small mutual company. Smaller companies may only write in your state and offer lower rates compared to the large companies like State Farm or Progressive.
Cheaper insurance coverage can be bought online in addition to many insurance agents, so you need to quote insurance coverage with both in order to have the best chance of saving money. Some insurance providers don’t offer rates over the internet and usually these small, regional companies sell through local independent agents.
More detailed insurance coverage information is located by following these links: