Overpriced auto insurance can deplete your checking account and make it impossible to make ends meet. Performing a rate comparison is an excellent way to make ends meet.
Numerous car insurance companies battle for your hard-earned dollar, and it can be difficult to compare rates to find the cheapest price
Smart consumers take time to take a look at other company’s rates on a regular basis since insurance prices are rarely the same from one policy term to another. If you had the best price for Intrepid insurance a year ago you will most likely find a better rate quote today. Block out anything you think you know about auto insurance because you’re about to learn the things you must know in order to find better rates and still maintain coverage.
If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using this strategy. Finding affordable coverage is not that difficult. But consumers need to learn the way insurance companies determine prices because it can help you find the best coverage.
Many insurance companies such as GEICO, State Farm and Progressive allow consumers to get price estimates on the web. Doing online price comparisons is pretty easy as you just type in your coverage information as detailed in the form. Upon sending the form, the system sends out for your credit score and driving record and quotes a price. Being able to quote online makes comparing rates easy, but the process of having to visit several different sites and type in the same information is monotonous and tiresome. But it’s also necessary to get many rate quotes in order to find the lowest price.
The preferred way to compare rates is to use a quote form to obtain quotes from several companies at one time. This type of form saves time, reduces the work, and makes online shopping much simpler. As soon as you send your information, it is rated with multiple companies and you can pick your choice of the returned quotes. If the quotes result in lower rates, it’s easy to complete the application and purchase the new policy. It takes 15 minutes at the most and may save quite a bit of money.
To use this form to compare rates, click here to open in a new tab and fill out the form. If you have coverage now, it’s recommended that you enter the coverages identical to your current policy. This guarantees you will receive a rate comparison based on identical coverages.
GEICO, State Farm and Progressive seem to constantly run ads on television and other media. They all make the same claim about how much you will save after switching to their company. But how can every company claim to save you money? You have to listen carefully.
Different companies look for specific characteristics for the type of insured they prefer to insure. A good example of this type of insured might be described as between the ages of 40 and 55, has a clean driving record, and drives a car with an anti-theft system. Anyone that matches those criteria will probably get cheap prices and will probably pay quite a bit less when switching companies.
Consumers who do not meet those standards will be charged higher premiums which results in the customer not purchasing. The trick companies use is to say “customers who switch” not “everyone that quotes” save the amount stated. That is how insurance companies can confidently make those statements. This really emphasizes why you really need to compare quotes as often as possible. Because you never know the company that will fit you best based on your risk profile.
Insurance coverage is not an enjoyable expense, but you may be missing some discounts that you may not know about. Some discounts apply automatically at quote time, but some may not be applied and must be specifically requested before you get the savings. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.
Keep in mind that most of the big mark downs will not be given to the entire cost. A few only apply to individual premiums such as collision or personal injury protection. So even though it sounds like you could get a free insurance coverage policy, you’re out of luck.
Popular insurance coverage companies and a partial list of their discounts can be found below.
When getting free auto insurance quotes, it’s a good idea to every prospective company the best way to save money. Savings might not be offered on policies in your state. To locate insurers offering insurance coverage discounts, click here.
When choosing the right insurance coverage for your vehicles, there isn’t really a cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions might point out whether 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, you might consider talking to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Learning about specific coverages of your insurance policy can help you determine appropriate coverage and the correct deductibles and limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverages found on most insurance policies.
Comprehensive protection – Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like hail damage, fire damage, rock chips in glass and a tree branch falling on your vehicle. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Dodge Intrepid.
Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
Collision – Collision coverage covers damage to your Intrepid caused by collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things like damaging your car on a curb, scraping a guard rail, crashing into a ditch, hitting a mailbox and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. You can also raise the deductible to get cheaper collision coverage.
Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like surgery, hospital visits, chiropractic care, prosthetic devices and X-ray expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP is not universally available and gives slightly broader coverage than med pay
Liability – This coverage provides protection from damage that occurs to a person or their property that is your fault. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 which means a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for claims like attorney fees, repair bills for other people’s vehicles, emergency aid, loss of income and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.
In this article, we presented some good ideas how to lower your 2003 Dodge Intrepid insurance prices. The most important thing to understand is the more times you quote, the higher your chance of finding cheaper auto insurance. You may be surprised to find that the best prices are with a smaller regional carrier. Smaller companies often have lower rates on specific markets than their larger competitors like Allstate or State Farm.
As you go through the steps to switch your coverage, it’s very important that you do not reduce coverage to reduce premium. There are a lot of situations where someone sacrificed uninsured motorist or liability limits and discovered at claim time they didn’t have enough coverage. Your objective should be to find the BEST coverage at an affordable rate, but don’t skip important coverages to save money.