Car insurance shoppers not familiar with shopping for car insurance online will discover sourcing inexpensive auto insurance is quite challenging.
Locating more affordable insurance is not that difficult. Basically, anyone who carries insurance should be able to lower their premiums. But car owners must comprehend the way insurance companies price insurance differently because it can help you find the best coverage.
Effectively comparing auto insurance prices can be challenging if you don’t utilize the most efficient way. You could waste a few hours discussing policy coverages with insurance agencies in your area, or you can stay home and use online quotes to get the quickest rates.
Many of the larger companies participate in an industry program where prospective buyers complete one form, and each participating company then returns a price quote based on that information. This prevents consumers from doing quotation requests for each company you want a rate for.
To access this free quoting program, click here (opens in new window).
The only drawback to pricing coverage this way is you can’t choose the providers you want pricing from. If you would rather choose from a list of companies to request quotes from, we put together a list of auto insurance companies in your area. View list of insurance companies.
Whichever way you choose to compare rates, make darn sure you compare equivalent coverages and limits with each company. If you are comparing mixed coverages it’s not possible to make a fair comparison for your Ford Windstar. Quoting even small variations in coverages can make a big difference in price. Keep in mind that making a lot of price comparisons provides better odds of finding more affordable rates.
Some insurance providers don’t always advertise every disount available in a way that’s easy to find, so we took the time to find both well-publicized in addition to some of the lesser obvious credits available to you. If they aren’t giving you every credit you deserve, you’re paying more than you need to.
As a sidenote, many deductions do not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like collision or personal injury protection. Just because you may think all the discounts add up to a free policy, insurance companies wouldn’t stay in business.
Popular auto insurance companies and their offered discounts are shown below.
When comparing rates, check with each insurance company which discounts they offer. All car insurance discounts might not be offered on policies in your area. For a list of insurance companies that offer the discounts shown above, click here.
When it comes to buying the right insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique.
These are some specific questions may help highlight whether or not you would benefit from professional advice.
If you’re not sure about those questions then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.
Having a good grasp of your policy aids in choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring.
Medical expense insurance
Medical payments and Personal Injury Protection insurance pay for bills for things like funeral costs, ambulance fees, prosthetic devices, chiropractic care and doctor visits. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible
Collision coverage protection
Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like crashing into a building, damaging your car on a curb, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to save money on collision insurance.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family 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. Frequently these coverages do not exceed the liability coverage limits.
Comprehensive (Other than Collision)
This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as hail damage, damage from flooding, rock chips in glass, hitting a deer and hitting a bird. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
This coverage can cover damage or injury you incur to other’s property or people by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as bail bonds, repair costs for stationary objects, structural damage, funeral expenses and loss of income. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.