Are you a victim of an underperforming, overpriced insurance policy? Trust us when we tell you there are lots of residents who feel the same. Drivers have so many insurance companies to purchase coverage from, and although it’s nice to have a selection, lots of choices makes it harder to get the best deal.
This article will introduce you to how car insurance quotes work and some tips to save money. If you have car insurance now, you stand a good chance to be able to cut costs considerably using this information. Consumers just need to learn the most effective way to compare prices online.
Many different elements are used when you get a price on insurance. Some are pretty understandable such as your driving record, although some other factors are more obscure such as your marital status or how safe your car is.Smart consumers have a good feel for some of the elements that help calculate your auto insurance rates. If you have a feel for what determines base rates, this allows you to make educated decisions that can help you get much lower annual insurance costs.
The items below are a few of the things utilized by car insurance companies to help set your rates.
The cost of insuring your cars can be expensive, but there may be some discounts to help bring down the price. Many of these discounts will be applied automatically when you complete an application, but less common discounts must be specifically requested in order for you to get them. If you are not receiving all the discounts possible, you could be paying more than you need to.
One thing to note about discounts is that most discounts do not apply to all coverage premiums. A few only apply to individual premiums such as liability and collision coverage. Just because you may think it’s possible to get free car insurance, it’s just not the way it works.
A list of insurance coverage companies and a summarized list of policyholder discounts include:
When quoting, ask all the companies to give you their best rates. Some discounts may not apply to policies in your area. If you would like to see a list of insurance companies with the best discounts, follow this link.
When buying adequate coverage for your vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different so your insurance should reflect that These are some specific questions could help you determine whether your personal situation might need professional guidance.
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.
Understanding the coverages of a insurance policy helps when choosing the best coverages and proper limits and deductibles. Insurance terms can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages found on the average insurance policy.
This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like fire damage, damage from getting keyed, hitting a deer, damage from a tornado or hurricane and damage from flooding. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for funeral costs, X-ray expenses and dental work. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers you and your occupants and also covers being hit by a car walking across the street. PIP is not universally available and may carry a deductible
Liability coverage protects you from damage or injury you incur to other’s property or people that is your fault. This coverage protects you from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability can pay for claims such as medical expenses, repair costs for stationary objects and loss of income. How much liability coverage do you need? That is a decision to put some thought into, but buy as high a limit as you can afford.
This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your 1993 Chevy Blazer.
Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently these limits do not exceed the liability coverage limits.
Collision insurance pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as colliding with a tree, crashing into a ditch, rolling your car, backing into a parked car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.
As you go through the steps to switch your coverage, it’s very important that you do not reduce coverage to reduce premium. There are many occasions where an accident victim reduced collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your focus should be to buy a smart amount of coverage for the lowest cost, but do not sacrifice coverage to save money.
Budget-conscious 1993 Chevy Blazer insurance is attainable both online in addition to local insurance agencies, so you should be comparing quotes from both to get a complete price analysis. Some insurance companies do not offer the ability to get quotes online and these regional carriers prefer to sell through independent insurance agencies.
Valda Mejia
I live in Jackson, MS. Quoted with Western Auto Insurance, American Family, Hanover, and Nationwide for my Chevrolet and I think I saved about $30 each month. I dropped full coverage awhile back.
Eldridge Herman
Allstate was cheapest for my 1993 Chevrolet Blazer in Spokane, Washington.
Bradley Horton
It all costs too much. From Charleston, SC. Don’t remember every company but I ended up saving about $30 each month.
Lynelle Osborn
Here’s what I found out. I live on the south side of Shreveport, LA. Checked online prices for a 1993 Chevrolet Blazer. Ended up at about $110 savings annually. Went with Progressive. Was with American Family. I get a discount for insuring multiple vehicles.
Russell Mcdaniel
Does 21st Century insure after a DUI?
Josefina Bailey
Well-written and thought out article. I’m in the east part of Buffalo, New York. Got car insurance rates from Mercury, Esurance, Allstate, and Auto-Owners for my Blazer and saved about $110 a year. Have a couple speeding tickets too. They were helpful in switching over. Only insure liability on my Blazer.
Cedric Boyer
Cheap car insurance? What’s that? Lifelong resident of Cincinnati, OH. Compared rates from a lot of places. Saved darn near $20 a month. Progressive was the most affordable for me.
Audrie Pacheco
Here’s my info. Lifelong resident of Jackson, Mississippi. I don’t recall every quote but I ended up saving about $20 each month.