Wish you could get out of an expensive car insurance policy? Believe me when I say there are many people just like you.
Companies like State Farm, Farmers Insurance, GEICO and Allstate increase brand awareness with TV and radio ads and it is challenging if not impossible to see past the geckos and flying pigs and take the time to shop coverage around.
It is always a good idea to do rate comparisons once or twice a year because prices are usually higher with each renewal. Just because you had the lowest rate on S-Series coverage a year ago you can probably find a better premium rate now. Block out anything you think you know about car insurance because I’m going to teach you the easiest way to find lower rates on car insurance.
If you are paying for car insurance now, you will be able to save some money using these tips. Choosing the best insurance company for you is easy if you know what you’re doing. But vehicle owners can benefit by having an understanding of how insurance companies sell insurance online because it can help you find the best coverage.
Some insurers don’t always list all possible discounts in an easy-to-find place, so the following is a list of some of the best known and the more hidden discounts that you may qualify for. If you don’t get every credit possible, you may be paying too high a price.
A little note about advertised discounts, some of the credits will not apply to the overall cost of the policy. Some only reduce specific coverage prices like comprehensive or collision. So when the math indicates you could get a free auto insurance policy, nobody gets a free ride.
Some of the insurance companies that may have these benefits include:
Check with all the companies how many discounts you can get. Some credits may not be offered in every state. To see a list of auto insurance companies that offer the discounts shown above, click here.
Most companies allow you to get prices online. Getting online quotes is pretty easy as you simply type in the coverages you want as requested by the quote form. Once you submit the form, their quoting system will obtain credit information and your driving record and quotes a price based on the information you submitted. Online price estimates simplifies rate comparisons, but the time it takes to visit several different sites and complete many quote forms is not the best way to spend an afternoon. But it’s necessary to get many rate quotes if you want to find the best price possible.
The easiest way to compare insurance coverage pricing makes use of a single form to get prices from a bunch of companies at once. It saves time, requires much less work on your part, and makes quoting online much more enjoyable and efficient. Immediately after you send the form, it is quoted and you are able to buy any or none of the quote results. If a lower price is quoted, it’s easy to complete the application and purchase coverage. It just takes a couple of minutes and can result in significant savings.
In order to use this form to compare rates, click here to open in new window and enter your vehicle and coverage information. If you currently have coverage, we recommend you copy coverages and limits just like they are on your policy. This guarantees you will have a price comparison based on identical coverages.
When buying insurance coverage it’s important to understand the factors that help determine your insurance coverage rates. If you have a feel for what influences your rates, this allows you to make good choices that may reward you with much lower annual insurance costs. Many things are considered when pricing auto insurance. Some are obvious such as traffic violations, although some other factors are less apparent such as your credit history and annual miles driven.
The list below includes most of the major factors used by insurance companies to determine rates.
When choosing the best insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is a little different so your insurance should reflect that For example, these questions may help highlight whether you will benefit from professional help.
If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Big name companies like Allstate and Progressive consistently run ads in print and on television. All the ads say the same thing about saving some big amount if you change your coverage to them. Is it even possible that every company can sell you cheaper insurance coverage? This is the trick they use.
Auto insurance companies have specific characteristics for the type of customer that will most likely be profitable. A good example of a desirable insured may need to be a married female, has no claims, and drives a vehicle with a low ISO rating. A driver who meets those qualifications will most likely get cheap prices and will also cut their rates if they switch.
Potential insureds who don’t measure up to those standards must pay a more expensive rate and business going elsewhere. Company advertisements say “drivers that switch” but not “all drivers who get quotes” can get the lowest rates when switching. That’s the way companies can truthfully advertise the way they do. Because of this risk profiling, you should compare rate quotes every year. It is impossible to guess the company that will give you lower rates than your current company.
Having a good grasp of your policy aids in choosing appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverages available from car insurance companies.
Collision coverage protection
Collision coverage pays for damage to your S-Series resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against claims like hitting a parking meter, crashing into a building and rolling your car. 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. You can also raise the deductible in order to get cheaper collision rates.
Comprehensive auto coverage
This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims such as hitting a deer, fire damage, damage from flooding and a broken windshield. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP pay for expenses like surgery, nursing services and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Liability auto insurance
This protects you from damage or injury you incur to a person or their property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability insurance covers claims like legal defense fees, bail bonds, medical services, repair costs for stationary objects and structural damage. How much liability coverage do you need? That is up to you, but buy as much as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.
We just showed you some good ideas how to shop for 2002 Saturn S-Series insurance online. The most important thing to understand is the more you quote car insurance, the more likely it is that you will get a better rate. You may be surprised to find that the best car insurance rates are with a small mutual company. These smaller insurers often have lower premium rates on specific markets compared to the large companies like Progressive and GEICO.
While you’re price shopping online, it’s not a good idea to buy lower coverage limits just to save a few bucks. Too many times, someone dropped collision coverage to discover at claim time that it was a big error on their part. The ultimate goal is to purchase a proper amount of coverage at the best possible price, not the least amount of coverage.