Did you make the mistake of buying an overpriced insurance policy? Believe me, many drivers have buyer’s remorse.
Many insurers compete for your insurance dollar, so it’s not easy to compare every insurer to discover the definitive cheapest price
If you are paying for car insurance now, you will be able to save some money using this strategy. Finding the best rates is not rocket science. Although consumers do need to learn the way companies determine prices and take advantage of how the system works.
Insurance can be prohibitively expensive, but there may be some discounts that you may not even know about. Certain discounts will be triggered automatically when you complete an application, but some discounts are required to be specifically requested prior to getting the savings.
We need to note that most discounts do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So when the math indicates all the discounts add up to a free policy, that’s just not realistic.
Popular auto insurance companies and some of the discounts can be found below.
If you want low cost auto insurance quotes, ask every prospective company the best way to save money. Some discounts listed above may not be offered in your area.
There are several ways to shop for insurance coverage, but some are less time-consuming than others. You can waste a lot of time talking to agents in your area, or you could save time and use the internet to get rate comparisons in just a few minutes.
Many of the larger companies belong to a marketplace where insurance shoppers enter their policy data once, and every company returns a rated price based on the submitted data. This saves time by eliminating quote requests for every insurance coverage company.
To compare pricing click here to start a free quote.
The one downside to pricing coverage this way is you can’t choose which carriers to receive prices from. If you would rather choose from a list of companies to compare, we have a listing of companies who write insurance coverage in your area. Click to view list.
It’s your choice how you get your quotes, but be sure you’re using exactly the same coverage limits and deductibles for each price quote. If the quotes have different coverage information you will not be able to find the best deal for your Buick Regal. Having just a slight variation in coverages can make a big difference in price. Just remember that more quotes increases the change that you will find the best offered rates. Some companies don’t provide prices over the internet, so it’s important to also get rates on coverage from those companies, too.
When buying insurance it’s important to understand the rating factors that aid in calculating the level of your policy premiums. When you know what positively or negatively determines base rates, this helps enable you to make changes that could help you find much lower annual insurance costs.
The items below are a few of the things that factor into premiums.
When it comes to choosing the right insurance coverage, there really is no best way to insure your cars. Everyone’s situation is unique so your insurance needs to address that. Here are some questions about coverages that may help you determine if your situation will benefit from professional help.
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.
State Farm and Allstate regularly use ads in print and on television. They all convey the message about how much you will save just by switching to their company. How does each company charge less that you’re paying now? This is how they do it.
Most companies offer their best rates for the type of customer that makes them money. For example, a driver they prefer may be a married male, has a clean driving record, and drives less than 10,000 miles a year. Any customer who matches those parameters will get a cheap rate quote and is almost guaranteed to save if they switch.
Potential customers who do not match these standards may be required to pay higher rates which leads to business going elsewhere. If you pay attention, the ads say “customers who switch” not “all people who quote” save the amount stated. That is how insurance companies can confidently advertise the way they do. Because every company is different, drivers should get as many free auto insurance quotes as possible. It’s just not possible to know the company that will fit your personal profile best.
Understanding the coverages of a car insurance policy aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the usual coverages offered by car insurance companies.
Uninsured Motorist or Underinsured Motorist insurance
This provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your 2002 Buick Regal.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Collision coverage protection
This coverage will pay to fix damage to your Regal resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for things such as rolling your car, crashing into a ditch and hitting a mailbox. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible to save money on collision insurance.
Liability coverage provides protection from injuries or damage you cause to people or other property. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000.
Liability coverage pays for things like repair costs for stationary objects, medical expenses, structural damage and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but you should buy as large an amount as possible.
Comprehensive coverage (or Other than Collision)
This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims such as a broken windshield, damage from getting keyed, vandalism and damage from a tornado or hurricane. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Insurance for medical payments
Med pay and PIP coverage provide coverage for short-term medical expenses like hospital visits, dental work, chiropractic care, pain medications and doctor visits. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Lower-priced 2002 Buick Regal insurance can be purchased on the web and from local agencies, so you should be comparing quotes from both to have the best selection. Some insurance providers may not offer rates over the internet and usually these regional insurance providers only sell coverage through independent agencies.
As you prepare to switch companies, it’s very important that you do not buy less coverage just to save a little money. In too many instances, consumers will sacrifice collision coverage only to find out that it was a big mistake. The proper strategy is to get the best coverage possible at a price you can afford and still be able to protect your assets.
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