Tired of being strong-armed to pay your insurance bill each month? You’re in the same situation as many other consumers. Numerous car insurance companies battle for your insurance dollar, and it can be difficult to compare rates to get the best price available.
It’s a great practice to compare premium rates before your policy renews because insurance rates trend upward over time. Even if you got the best deal for Park Avenue coverage at your last renewal there may be better deals available now. Forget anything you know (or think you know) about insurance because I’m going to teach you the fastest and easiest way to find better rates and still maintain coverage.
There are multiple methods you can shop for car insurance but some are more efficient than others. You could waste time talking about coverages with agents in your area, or you could save time and use the internet to get rates in a matter of minutes.
Many companies participate in an industry program that allows shoppers to enter their policy data once, and every company returns a rated price based on that data. This saves time by eliminating form submissions for each company.
To find out how much you can save on car insurance click to open in new window.
The single downside to pricing coverage this way is you cannot specify which providers to get quotes from. If you prefer to choose specific insurance companies for rate comparison, we have a page of companies who write car insurance in your area. Click to view list.
It’s your choice how you get your quotes, but try to keep equivalent deductibles and coverage limits for each comparison quote. If you have unequal deductibles or liability limits you will not be able to determine the lowest rate for your Buick Park Avenue.
Auto insurance is not cheap nor is it fun to buy but you might already qualify for some discounts to help bring down the price. Some discounts apply automatically when you get a quote, but a few need to be asked for in order for you to get them. If you check and find you aren’t receiving every discount available, you’re just leaving money on the table.
As is typical with insurance, many deductions do not apply to the entire cost. Some only reduce specific coverage prices like comp or med pay. Even though it appears having all the discounts means you get insurance for free, it’s just not the way it works.
Car insurance companies that may include these money-saving discounts are:
Before buying, ask each insurance company to give you their best rates. A few discounts might not be offered in your area. To see companies that offer multiple discounts, click here to view.
A large part of saving on insurance coverage is knowing some of the elements that play a part in calculating the rates you pay for insurance coverage. If you know what positively or negatively impacts your premiums, this helps enable you to make changes that will entitle you to lower premium levels.
When buying adequate coverage, there is no “best” method to buy coverage. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that may help you determine whether you may require specific advice.
If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Consumers constantly see and hear ads that claim the cheapest car insurance rates by Progressive, Allstate and GEICO. All the ads state the claim about saving some big amount if you just switch your policy.
It sounds good, but how can they all make almost identical claims? This is the way they can do it.
Many companies give the best rates for a prospective insured that will add to their bottom line. An example of this type of risk profile might have to be a female over age 40, has a clear driving record, and chooses high deductibles. Any new insured who fits those characteristics will get a cheap rate quote and will also save when switching.
Potential customers who are not a match for this stringent profile will probably have to pay a higher rate which leads to the prospect going elsewhere. The ad wording is “people that switch” but not “all drivers who get quotes” save the amount stated. This is how companies can truthfully state the savings.
This emphasizes why you should get a wide range of price quotes. Because without a comparison, you cannot know which company will have the best rates for your profile.
Having a good grasp of auto insurance can help you determine the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. These are typical coverages available from auto insurance companies.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for rehabilitation expenses, prosthetic devices and doctor visits. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible
Comprehensive auto coverage – This covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims like fire damage, vandalism, hitting a bird and damage from flooding. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Auto liability – Liability coverage can cover damage or injury you incur to other’s property or people by causing an accident. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 which stand for a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as pain and suffering, medical expenses and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.
Collision coverages – This pays to fix your vehicle from damage resulting from a collision with another car or object. A deductible applies then your collision coverage will kick in.
Collision can pay for things such as rolling your car, hitting a mailbox, crashing into a ditch, colliding with another moving vehicle and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also choose a higher deductible in order to get cheaper collision rates.
In this article, we covered some good ideas how you can save on 1995 Buick Park Avenue insurance. The key concept to understand is the more rate quotes you have, the better likelihood of getting inexpensive insurance. You may even find the most savings is with a small local company. Regional companies may have significantly lower rates on certain market segments compared to the large companies like Allstate, GEICO and Progressive.
As you prepare to switch companies, never reduce needed coverages to save money. In too many instances, consumers will sacrifice collision coverage only to regret that saving that couple of dollars actually costed them tens of thousands. The aim is to buy the best coverage you can find for the lowest cost.
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