High-priced insurance can dry up your bank account and force you to tighten up your finances. Comparing rates annually can lower your rates and help to ensure you are getting the best deal.
Drivers have so many insurers to buy insurance from, and although it’s nice to be able to choose, it makes it harder to find the best rates.
Shopping for lower auto insurance rates can take hours if you aren’t aware of the best way to get rate quotes. You can waste hours talking to agents in your area, or you could save time and use online quotes for quick rates.
Many companies are enrolled in a marketplace where prospective buyers send in one quote, and every company then gives them pricing based on the submitted data. This saves time by eliminating quote forms for each company.
To submit your quote information now, click here (opens in new window).
The only drawback to using this type of form is you don’t know exactly which insurance companies you will receive quotes from. So if you prefer to choose specific providers to compare prices, we have assembled a list of auto insurance companies in your area. Click here to view list.
Take whichever approach you prefer, but be certain you are entering apples-to-apples information for every company. If your comparisons have different liability limits you can’t possibly get a fair rate comparison. Just a small difference in coverages may result in large price differences. Just remember that more quotes helps improve the odds of finding the best rates.
Car insurance companies don’t always advertise the entire discount list very well, so here is a list a few of the more well known and the harder-to-find credits available to bring down your rates.
One thing to note about discounts is that most discounts do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as collision or personal injury protection. Despite the appearance that it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount will help reduce your policy premiums.
If you would like to choose from a list of insurance companies that provide some of the discounts listed above, click here to view.
Consumers need to have an understanding of the factors that help calculate the level of your policy premiums. If you have a feel for what impacts premium levels, this enables informed choices that can earn you cheaper rates.
When it comes to choosing coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different and your policy should reflect that. For example, these questions may help you determine whether your personal situation could use an agent’s help.
If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier
Insurance coverage companies such as Allstate and Progressive seem to constantly run television, radio, and online ads. All the ads seem to make the promise about how much you will save just by moving your policy. How do they all sell you cheaper insurance coverage? It’s all in the words they use.
All companies provide the lowest rates for the type of driver that earns them the most money. For instance, a profitable insured could possibly be a mature driver, has never had a claim, and drives a safe vehicle. Any driver that hits that “sweet spot” may get the lowest car insurance rates and therefore will save when switching.
Drivers who don’t meet these criteria must pay higher prices and the driver buying from a lower-cost company. If you listen closely, the ads state “drivers that switch” not “everyone who quotes” save that much. That’s why companies can make the claims of big savings. Because of this risk profiling, you should compare price quotes frequently. It’s just too difficult to predict the company that will have better car insurance rates than you’re paying now.
Understanding the coverages of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Listed below are the usual coverages found on the average insurance policy.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Volkswagen New Beetle.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Comprehensive (Other than Collision)
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims such as hitting a deer, hail damage and falling objects. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Collision insurance pays for damage to your New Beetle caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as driving through your garage door, scraping a guard rail, colliding with another moving vehicle, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.
Medical expense insurance
Med pay and PIP coverage provide coverage for short-term medical expenses like X-ray expenses, hospital visits, EMT expenses and ambulance fees. They are used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay
Auto liability insurance
Liability insurance can cover damage that occurs to other’s property or people in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.
Liability coverage protects against things like structural damage, bail bonds, attorney fees and loss of income. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
As you prepare to switch companies, it’s not a good idea to reduce needed coverages to save money. There are a lot of situations where someone sacrificed liability coverage limits and found out when filing a claim that the few dollars in savings costed them thousands. The proper strategy is to find the BEST coverage at a price you can afford, but do not sacrifice coverage to save money.
We just presented a lot of tips how to save on 2003 Volkswagen New Beetle insurance. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding cheap insurance. You may even find the best price on auto insurance is with an unexpected company. These companies often have lower premium rates on specific markets as compared to the big name companies such as Allstate or State Farm.
To read more, feel free to browse the resources below: