Sick and tired of scraping nickels together to pay your auto insurance bill each month? You’re in the same situation as millions of other people. There are many auto insurance companies to choose from, and although it’s nice to have a selection, having more insurance companies makes it harder to compare rates and cut insurance costs.
You should make it a habit to get comparison quotes before your next renewal because auto insurance prices tend to go up over time. If you had the lowest price for Mustang insurance a few years ago you can probably find a better rate now. Forget anything you know (or think you know) about auto insurance because you’re about to learn the fastest way to eliminate unnecessary coverages and save money.
Most larger insurance companies like Allstate and Progressive allow consumers to get prices for coverage direct online. Comparing rates online doesn’t take much effort because it’s just a matter of typing in the coverages you want into the quote form. Upon sending the form, their rating system requests information on your driving record and credit history and returns a price quote. This makes comparing rates easy, but the process of having to visit each company’s website and repetitively type in the same data is a waste of time. But it’s very important to get many rate quotes if you are searching for the best price on auto insurance.
The quickest way to compare auto insurance pricing is to use a quote form to get prices from more than one company. It’s a real time-saver, eliminates repetitive work, and makes online price comparison much easier. As soon as the form is sent, it is rated with multiple companies and you can pick any of the quotes that you receive.
If one or more price quotes are lower than your current rates, you simply finish the application and purchase coverage. The entire process takes just a few minutes to complete and you will find out if you’re overpaying now.
In order to compare rates using this form now, click here and enter your vehicle and coverage information. If you have a policy now, it’s recommended that you enter coverages and limits as shown on your current policy. This helps ensure you are getting a fair comparison for similar coverage.
Drivers can’t escape the ads that claim the best car insurance rates by companies like Allstate and Progressive. They all tend to make the same promise about how much you will save just by moving your auto insurance policy to them.
How is it plausible that every one can claim to save you money? This is how they do it.
Insurance providers give the cheapest rates for a prospective insured that is profitable for them. A good example of a desirable insured should be between 25 and 40, has never had a claim, and has a high credit rating. Any driver that hits that “sweet spot” will get a cheap rate quote and will save when switching.
Potential customers who don’t qualify for the “perfect” profile will be charged a higher premium which usually ends up with the customer buying from someone else. The trick companies use is to say “people that switch” not “everybody who quotes” can save as much as they claim. That’s why companies can make those statements.
Because of this risk profiling, drivers must do a rate comparison at every renewal. Because you cannot predict with any certainty which company will fit you best based on your risk profile.
Some insurers do not advertise every disount available in a way that’s easy to find, so the list below gives a summary of some of the more common and also the more inconspicuous discounts you could be receiving when you buy auto insurance online.
Remember that some of the credits will not apply to all coverage premiums. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though it appears you could get a free insurance policy, you aren’t that lucky.
To see a list of providers with the best discounts, follow this link.
When it comes to choosing proper insurance coverage, there isn’t really a perfect coverage plan. Every insured’s situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight whether or not you will benefit from professional help.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.
Understanding the coverages of a auto insurance policy can help you determine the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find the usual coverages found on most auto insurance policies.
Comprehensive insurance coverage covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like damage from flooding, hitting a deer, fire damage, a tree branch falling on your vehicle and hail damage. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries and also any damage incurred to your Ford Mustang.
Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
This coverage will cover damages or injuries you inflict on other people or property that is your fault. It protects you against other people’s claims. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage protects against things such as attorney fees, repair bills for other people’s vehicles, repair costs for stationary objects, medical services and emergency aid. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.
Coverage for medical payments
Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as ambulance fees, EMT expenses and prosthetic devices. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
Collision coverage protection
This covers damage to your Mustang from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as damaging your car on a curb, backing into a parked car, driving through your garage door and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.
When trying to cut insurance costs, never reduce needed coverages to save money. In too many instances, an insured dropped collision coverage only to find out that it was a big mistake. Your objective should be to purchase plenty of coverage at a price you can afford.
Cheaper auto insurance can be sourced on the web and from local insurance agents, and you should compare rates from both so you have a total pricing picture. A few companies don’t offer rate quotes online and these small, regional companies prefer to sell through independent agents.