Did you fall for a flashy sales pitch and buy an overpriced insurance policy? Say no more because there are lots of people in the same boat.
Many insurers compete for your business, and it can be difficult to compare rates to get the lowest rate possible.
Comparing insurance coverage rates can be a lot of work if you aren’t aware of the easiest way. You can waste hours talking to local insurance agents in your area, or you can utilize the internet to achieve your goal.
The majority of car insurance companies enroll in a system where prospective buyers send in one quote, and each participating company returns a rated price. This eliminates the need for form submissions to every company.
To participate in this free quote system, click here (opens in new window).
The one downside to pricing coverage this way is buyers cannot specifically choose which companies you will receive quotes from. So if you prefer to pick specific providers to compare, we have assembled a list of the cheapest insurance coverage companies in your area. View list of insurance companies.
Take whichever approach you prefer, but try to keep the exact same quote information with every price quote. If you enter different limits and deductibles on each one it will be nearly impossible to determine the lowest rate for your GMC Safari Cargo. Having just a slight variation in limits may result in a large different in cost. And when quoting insurance coverage, remember that obtaining a wide range of quotes will enable you to find better pricing.
Car insurance can cost a lot, but there could be significant discounts that you may not even know about. Some of these disounts will be visible at the time of quoting, but lesser-known reductions have to be asked about prior to receiving the credit. If you aren’t receiving every discount available, you could be paying more than you need to.
It’s important to understand that most discount credits are not given to all coverage premiums. Most only apply to specific coverage prices like comprehensive or collision. So when it seems like you would end up receiving a 100% discount, nobody gets a free ride.
A list of insurance companies and some of the premium reductions they offer are included below.
If you need cheaper insurance coverage quotes, ask every insurance company what discounts are available to you. Some of the discounts discussed earlier might not be offered in your area. If you would like to choose from a list of insurance companies that offer many of these discounts, click here to view.
When it comes to choosing adequate coverage, there is no perfect coverage plan. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that can aid in determining if your insurance needs might need professional guidance.
If you’re not sure about those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance coverage companies in your area.
Understanding the coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. Listed below are the normal coverages offered by insurance companies.
Coverage for liability
Liability insurance protects you from damages or injuries you inflict on people or other property in an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.
Liability coverage protects against claims like repair costs for stationary objects, funeral expenses and bail bonds. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.
Protection from uninsured/underinsured drivers
This protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are similar to your liability insurance amounts.
This pays to fix your vehicle from damage caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things like crashing into a ditch, backing into a parked car, hitting a mailbox and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to bring the cost down.
Comprehensive (Other than Collision)
Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like fire damage, hitting a bird, damage from getting keyed, damage from flooding and theft. The most your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Medical expense insurance
Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as dental work, funeral costs and doctor visits. They can be utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states and may carry a deductible