Searching for the lowest cost car insurance might appear rather difficult for drivers that are not comfortable with quoting and comparing and buying car insurance on the internet. With such a large choice of companies in the marketplace, how can anyone have time to compare every company to locate the best price?
It’s a good habit to quote other rates periodically since insurance prices are rarely the same from one policy term to another. Just because you found the best price for Boxster coverage at your last renewal other companies may now be cheaper. There is a lot of bad advice regarding car insurance on the internet, but in a few minutes you can learn the easiest ways to save money.
Finding affordable coverage is easy if you know what you’re doing. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using these techniques. Although drivers should learn how companies determine prices and use this information to your advantage.
The quickest way to compare car insurance company rates is to realize all the major auto insurance companies have advanced systems to provide you with free rate quotes. The only thing you need to do is give the companies some data including an estimate of your credit level, if you are currently licensed, the ages of drivers, and if the vehicle is leased. Your information is instantly sent to many highly-rated insurers and they respond with quotes with very little delay.
If you wish to get multiple quotes for your car now, click here and enter the information requested.
Companies offering auto insurance don’t necessarily list every policy discount in a way that’s easy to find, so the following list contains some of the more common and the more hidden discounts that you can inquire about if you buy insurance online.
Policy discounts save money, but most discount credits are not given to the entire policy premium. The majority will only reduce specific coverage prices like medical payments or collision. Despite the fact that it seems like it’s possible to get free car insurance, it doesn’t quite work that way.
Larger car insurance companies and some of the discounts are shown below.
When getting a coverage quote, ask each company or agent which discounts they offer. Some discounts listed above might not be available to policyholders in your area. To find providers that provide some of the discounts listed above, click this link.
When it comes to choosing adequate coverage for your vehicles, there really is not a perfect coverage plan. Everyone’s situation is a little different.
These are some specific questions could help you determine if you would benefit from professional advice.
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, complete this form.
When buying insurance coverage it’s important to understand some of the things that come into play when calculating the rates you pay for insurance coverage. When consumers understand what determines premiums, this enables you to make decisions that could help you find lower premium levels. Lots of factors are taken into consideration when premium rates are determined. Some factors are common sense such as your driving record, but other factors are not quite as obvious such as your credit history or how safe your car is.
Listed below are a few of the “ingredients” utilized by car insurance companies to help set premiums.
Popular auto insurance providers such as Progressive, Geico, Allstate and State Farm regularly use television, radio, and online ads. They all seem to tend to make the same promise that you’ll save big if you get a free insurance quote and switch your auto insurance coverage to their company. How does each company cost less than your current company?
Different companies have specific guidelines for the type of customer that will add to their bottom line. A good example of this type of risk profile could possibly be between 30 and 50, has no prior claims, and drives less than 10,000 miles a year. Anybody that hits that “sweet spot” will get very good premium rates and as a result will probably pay quite a bit less when switching companies.
Consumers who don’t measure up to those criteria will have to pay higher premium rates and business not being written. The ad wording is “customers who switch” but not “everyone who gets a quote” save that much when switching. That is how companies can truthfully claim big savings. Because of these techniques, drivers must do a price quote comparison at every renewal. You cannot predict the company that will have the best premium rates at this point in time.
Having a good grasp of auto insurance helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.
Medical expense coverage – Medical payments and Personal Injury Protection insurance provide coverage for expenses for dental work, surgery, pain medications and nursing services. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage
Collision coverage – This coverage covers damage to your Boxster from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers claims like colliding with another moving vehicle, driving through your garage door, sideswiping another vehicle, rolling your car and scraping a guard rail. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.
Uninsured or underinsured coverage – Your UM/UIM coverage provides protection when other motorists do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Porsche Boxster.
Because many people have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.
Coverage for liability – This coverage protects you from damages or injuries you inflict on other people or property that is your fault. It protects you from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000.
Liability insurance covers claims such as pain and suffering, bail bonds, attorney fees, medical services and loss of income. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.
Comprehensive protection – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as hail damage, hitting a bird, damage from getting keyed, theft and vandalism. The maximum payout a auto insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
When searching for cheaper insurance quotes, it’s not a good idea to buy poor coverage just to save money. In too many instances, someone dropped liability limits or collision coverage and found out when filing a claim that it was a big mistake. Your strategy should be to buy a smart amount of coverage for the lowest price, but do not sacrifice coverage to save money.
Budget-friendly auto insurance is available from both online companies as well as from insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers may not provide price quotes online and many times these smaller providers work with independent insurance agents.
Drivers switch companies for a variety of reasons including unfair underwriting practices, an unsatisfactory settlement offer, high prices and extreme rates for teen drivers. No matter why you want to switch, finding a great new company is pretty simple and you could end up saving a buck or two.
For more information, take a look at the resources below:
Lizabeth Leblanc
Thought I’d throw in my experience. I live just outside Lewiston, Maine. Got car insurance quotes with Nationwide, Erie, 21st Century, and AAA for my 2002 Porsche Boxster and cut my rates about $100 a year. Ask about discounts. Only insure liability on my Boxster.
Jeannetta Small
Lots of good stuff here. I’m in the north part of Denver, CO. Got quotes with State Farm, Encompass, and Hartford for my Porsche and saved just over $80 a year. Switched homeowners coverage too. They have free quotes online.
Wilda Snow
Great info, thanks for posting. I’m just north of Bellevue, NE. I compared lots of rates. Saved about $20 a month. 21st Century was the cheapest option for me. It’s still not cheap enough.
Adrian Lane
If you have a good history and live in the vicinity of Salt Lake City, UT, check out State Farm. You might get cheaper rates. Thankfully I have a good driving record. :) I don’t put full coverage on it.
Judson Rollins
I switched to GEICO. Quoted good rates in Salt Lake City, Utah. Insured with 21st Century before. Good multi-policy discounts. They were helpful in switching over. I don’t put full coverage on it.
Rea Clements
I’m in the west part of Wichita, KS. I quoted with USAA, Auto-Owners, Liberty Mutual, and Sentry for my Boxster and am saving around $60 a year. Good savings if you bundle. Not worth enough to pay for comprehensive and collision.
Tarra Buchanan
I live north of Denver, CO, and State Farm rates were best. I increased coverages a little too.
Leon Stanton
How are claims handled by GEICO around Lexington, Kentucky?
Shaun Montoya
Any claims experience with GEICO in Salt Lake City, UT?
Pansy Horne
I got decent rates for a 2002 Porsche Boxster in Paterson, New Jersey. Ended up at roughly $110 every six months with American Family. Was with The General.
Ramonita Scott
I was with Hanover last year but switched to Progressive. I’m in the west part of Anchorage, AK. I got a quote from their website. Next renewal I’ll just do liability.
Marvin Walsh
Progressive and Allstate were both pretty cheap in Denver, CO.
Luann Dawson
From New Orleans, LA. Received prices from Allstate, American Family, and Eastwood for my Porsche and saved just over $80 a year. Insured with Liberty Mutual before. It’s only liability tho.
Justina Watts
Affordable car insurance is a myth. From east side of Aberdeen, SD. Quoted a bunch of companies. Saved about $30 a month. Allstate was the most affordable for me. Was with Nationwide. Switched homeowners coverage too. I just carry liability insurance.
Marlin Small
State Farm quoted the best rates in California.