Cheaper 2003 Dodge Neon Insurance Rates

Did budget coverage turn out to be an underperforming, overpriced auto insurance policy? Don’t sweat it because many drivers have buyer’s remorse. Because you have many options, it’s difficult to locate the lowest cost auto insurance company.

You need to do price comparisons yearly due to the fact that insurance prices change quite often. Even if you think you had the best rate for Neon coverage at your last renewal the chances are good that you can find a lower premium rate today. Ignore everything you know about auto insurance because you’re about to find out the fastest way to properly buy coverages while reducing your premium.

Shopping for the lowest cost insurance is easy if you know what you’re doing. If you are insured now or are just looking to switch companies, you will benefit by learning to find the best rates and possibly find even better coverage. Vehicle owners just need to learn the proper methods to buy insurance online.

Affordable insurance coverage rates with discounts

Not many people think insurance is cheap, but you might be missing out on some discounts that many people don’t even know exist. Some discounts will apply at the time of purchase, but some discounts are required to be manually applied in order for you to get them.

• Save with a New Car – Insuring a vehicle that is new can save up to 30% because new vehicles keep occupants safer.
• Passive Restraints – Factory air bags can receive discounts of 20 to 30 percent.
• Senior Citizens – Older drivers may receive a small discount on rates for Neon coverage.
• Paper-free Discount – Many larger companies will provide an incentive simply for signing on the web.
• Good Students Pay Less – Excelling in school can be rewarded with saving of up to 25%. Most companies allow this discount until age 25.
• Early Renewal Discounts – Some companies give discounts for switching to them prior to the expiration date on your current policy. This can save 10% or more.

Drivers should understand that many deductions do not apply to the entire cost. A few only apply to the cost of specific coverages such as comprehensive or collision. Even though the math looks like you could get a free insurance coverage policy, company stockholders wouldn’t be very happy.

If you would like to view insurance companies who offer online insurance coverage quotes, follow this link.

Tailor your car insurance coverage to you

When buying the right insurance coverage for your vehicles, there really is not a perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions may help highlight whether or not you would benefit from an agent’s advice.

• At what point should I drop full coverage?
• I have good health insurance, so how much medical payments coverage do I need?
• Do I need added coverage for expensive stereo equipment?
• Do I need PIP (personal injury protection) coverage in my state?
• When do I need to add a new car to my policy?
• Do I need to file an SR-22 for a DUI in my state?
• How much liability insurance is required?
• Am I covered if I break a side mirror?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It is quick, free and can provide invaluable advice.

Are you falling for claims of savings?

Consumers get pounded daily by advertisements that claim the best car insurance rates by State Farm, Geico and Progressive. They all advertise claims of big savings after switching your policy.

How do they all offer you a better deal? You have to listen carefully.

Many companies have specific guidelines for the type of customer that is profitable for them. For example, a profitable customer might be over the age of 35, is a homeowner, and chooses high deductibles. Any new insured who matches those parameters will most likely get cheap car insurance rates and will probably save if they switch.

Consumers who may not quite match these criteria will probably have to pay higher premiums which usually ends up with the customer not buying. Company advertisements say “customers who switch” not “everybody who quotes” save the amount stated. This is how companies can make those statements.

This illustrates why it is so important to do a price quote comparison at every renewal. You cannot predict which insurance coverage company will fit you best based on your risk profile.

Coverages available on your insurance policy

Having a good grasp of your insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. These are the usual coverages found on the average insurance policy.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance pay for immediate expenses such as hospital visits, doctor visits, X-ray expenses, surgery and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all 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 protection

This coverage will pay to fix damage to your Neon caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against things such as colliding with another moving vehicle, hitting a parking meter, crashing into a ditch and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to bring the cost down.

Uninsured and underinsured coverage

This gives you protection when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your Dodge Neon.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Frequently these coverages are set the same as your liablity limits.

Auto liability

This coverage will cover damage or injury you incur to a person or their property in an accident. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.

Liability can pay for things like pain and suffering, funeral expenses and repair costs for stationary objects. How much coverage you buy is up to you, but consider buying as much as you can afford.

Comprehensive coverages

This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for things such as rock chips in glass, a tree branch falling on your vehicle, theft, hitting a deer and damage from getting keyed. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Make a quick buck

Lower-priced car insurance can be sourced from both online companies in addition to many insurance agents, and you should compare price quotes from both to have the best rate selection. Some companies may not have rates over the internet and usually these small, regional companies prefer to sell through independent insurance agencies.

In this article, we presented a lot of ways to reduce 2003 Dodge Neon insurance prices online. The most important thing to understand is the more price quotes you have, the better chance you’ll have of finding the cheapest insurance coverage. Consumers may even find the best prices are with a small mutual company. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as Allstate and Progressive.

As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. In many instances, consumers will sacrifice collision coverage and found out when filing a claim that it was a big mistake. Your objective should be to purchase plenty of coverage at the best possible price, but do not sacrifice coverage to save money.

Much more information about car insurance can be read on the following sites:

• Winter Driving (Insurance Information Insitute)
• All About Airbag Safety (State Farm)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• Where can I buy Insurance? (Insurance Information Insitute)