I can’t think of a single person who likes paying for car insurance, especially when they know it costs too dang much.
With so many choices, it can be diffult for people to find the lowest price insurance company.
You should make it a habit to price shop coverage as often as possible since insurance prices fluctuate regularly. Just because you had the lowest rates on Jetta insurance a couple years back other companies may now be cheaper. Don’t believe everything you read about car insurance online, but in a few minutes you can learn some of the best techniques to lower your car insurance premiums.
Smart consumers have a good feel for a few of the rating criteria that are used to determine the price you pay for auto insurance. If you have a feel for what influences your rates, this helps enable you to make changes that can help you get lower rates. Many things are taken into consideration when you quote your car insurance policy. Some factors are common sense such as your driving history, although some other factors are more obscure such as whether you are married or your commute time.
The itemized list below are just a few of the factors companies use to determine your rate level.
Auto insurance can be pricey, but discounts can save money and there are some available to cut the cost considerably. A few discounts will automatically apply when you get a quote, but less common discounts must be specially asked for prior to receiving the credit.
It’s important to note that most discounts do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as liability and collision coverage. So when it seems like all those discounts means the company will pay you, you aren’t that lucky.
Popular auto insurance companies and some of the premium reductions they offer can be found below.
Before you buy a policy, ask each insurance company how you can save money. Some of the earlier mentioned discounts might not be offered in your area. To see insurance companies that offer many of these discounts, click this link.
When it comes to choosing coverage for your personal vehicles, there really is no single plan that fits everyone. Every situation is different so your insurance needs to address that. For example, these questions might point out if you would benefit from an agent’s advice.
If you can’t answer these questions but a few of them apply then you might want to talk to an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area.
Learning about specific coverages of insurance can help you determine the right coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are the normal coverages available from insurance companies.
Coverage for liability – This coverage will cover injuries or damage you cause to other people or property. This coverage protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability can pay for claims such as bail bonds, legal defense fees, attorney fees, repair bills for other people’s vehicles and medical services. How much coverage you buy is up to you, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like vandalism, theft, damage from flooding and damage from getting keyed. The maximum 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.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses for X-ray expenses, EMT expenses and ambulance fees. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. It covers all vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Volkswagen Jetta.
Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.
Collision coverage – Collision insurance covers damage to your Jetta resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against claims like damaging your car on a curb, sustaining damage from a pot hole, driving through your garage door, crashing into a building and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to bump up the deductible to bring the cost down.
More affordable insurance coverage can be sourced both online in addition to local insurance agencies, so you need to quote insurance coverage with both to get a complete price analysis. Some companies may not offer online price quotes and these small insurance companies provide coverage only through local independent agents.
While you’re price shopping online, make sure you don’t reduce needed coverages to save money. In many cases, consumers will sacrifice uninsured motorist or liability limits only to find out that the small savings ended up costing them much more. The aim is to get the best coverage possible at the best cost, but do not skimp to save money.
To read more, link through to the articles below: