If you’re shopping for more affordable insurance, do you get overwhelmed by the number of car insurance providers in your area? Many other drivers are as well. people have so many providers to choose from that it can easily turn into a difficult mission to find the lowest price.
Some companies don’t always advertise every discount very well, so the list below gives a summary of some of the more common as well as the least known discounts that you may qualify for.
It’s important to understand that most discounts do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like all those discounts means the company will pay you, company stockholders wouldn’t be very happy.
Companies that may offer policyholders most of these discounts include:
When comparing rates, check with every insurance company which discounts they offer. Some of the discounts discussed earlier might not be offered everywhere. If you would like to see a list of car insurance companies that offer discounts, click this link.
To find cheap rates, there are a couple of ways to compare rate quotes from many insurance companies in your state. The best method to find competitive Ford Explorer insurance rates is to get quotes online. This can be accomplished in a couple minutes as outlined below.
For a list of links to companies insuring cars in your area, click here.
Whichever method you choose, do your best to use the exact same coverage data on every price quote you get. If you have different limits and deductibles on each one you can’t possibly get a fair rate comparison. Just a small difference in limits may cause a big price difference. Just remember that more quotes will increase your chances of finding more affordable rates.
Lots of factors are used when quoting car insurance. Some are pretty understandable like a motor vehicle report, but other factors are more obscure like your vehicle usage and annual miles driven.A large part of saving on insurance coverage is knowing the factors that play a part in calculating your policy premiums. If you understand what influences your rates, this allows you to make good choices that may result in big savings.
The list below includes some of the most rate-impacting factors used by your company to calculate your rate level.
When buying adequate coverage, there really is not a “perfect” insurance plan. Everyone’s situation is unique.
For instance, these questions can help discover whether you would benefit from professional advice.
If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form.
Allstate and Progressive seem to constantly run television, radio, and online ads. They all advertise claims that you’ll save big after switching your insurance coverage policy to them. How does every insurance coverage company make almost identical claims? It’s all in how they say it.
Most companies provide the lowest rates for the type of customer that is profitable for them. One example of this type of insured may be married and over the age of 30, has no claims, and drives less than 10,000 miles a year. A customer getting a price quote that hits that “sweet spot” will get a cheap rate quote and is almost guaranteed to cut their rates if they switch.
Insureds who are not a match for those criteria will probably be forced to pay higher premium rates which usually ends up with the customer buying from a different company. If you pay attention, the ads say “drivers who switch” not “everyone who quotes” save money. That’s why companies can make claims that they all have the best prices. Because of this risk profiling, drivers must get as many free auto insurance quotes as possible. It’s impossible to know which insurance companies will provide you with the cheapest premium rates.
Learning about specific coverages of your insurance policy helps when choosing which coverages you need and proper limits and deductibles. Insurance terms can be difficult to understand and nobody wants to actually read their policy.
Collision – This pays to fix your vehicle from damage resulting from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as colliding with a tree, scraping a guard rail, sustaining damage from a pot hole and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.
Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and damage to your Ford Explorer.
Since a lot of drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like a tree branch falling on your vehicle, rock chips in glass and theft. The most your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Insurance for medical payments – Coverage for medical payments and/or PIP provide coverage for bills such as dental work, surgery, rehabilitation expenses, hospital visits and doctor visits. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not an option in every state but it provides additional coverages not offered by medical payments coverage
Coverage for liability – Liability coverage provides protection from damage that occurs to other’s property or people by causing an accident. This coverage protects you from claims by other people. It does not cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.
Liability coverage protects against claims like attorney fees, medical expenses and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but consider buying higher limits if possible.
While you’re price shopping online, it’s not a good idea to sacrifice coverage to reduce premiums. There are a lot of situations where an accident victim reduced collision coverage only to discover later that it was a big mistake. The ultimate goal is to purchase plenty of coverage for the lowest cost while not skimping on critical coverages.
Cost effective 2003 Ford Explorer insurance can be found online and with local insurance agents, so you should compare both to have the best selection. Some car insurance companies do not provide internet price quotes and many times these smaller companies only sell through local independent agents.
Insureds change insurance companies for a number of reasons such as denial of a claim, poor customer service, high rates after DUI convictions or delays in responding to claim requests. It doesn’t matter why you want to switch switching car insurance companies is pretty easy and you might even save some money in the process.