Finding cheaper auto insurance quotes online may seem to be difficult if you haven’t ever used online price comparisons. Don’t let the process intimidate you because it’s actually quite easy.
The purpose of this post is to help educate you on how to get online quotes and some money-saving tips. If you currently have a car insurance policy, you should be able to lower your premiums substantially using this strategy. Although drivers need to have an understanding of how big insurance companies market insurance on the web.
There are several ways you can shop for insurance coverage but there is one way that is more efficient than others. You can waste hours talking about coverages with insurance companies in your area, or you can stay home and use online quotes to maximize your effort.
Most of the larger companies take part in a program where prospective buyers only type in their quote data once, and each participating company can provide price quotes based on that information. This eliminates the need for quotation requests for each company.
To find out how much you can save on insurance coverage click here (opens in new window).
The single downside to using this type of form is you are unable to specify the companies to receive prices from. If you wish to select specific insurance companies to request quotes from, we have a page of the cheapest insurance coverage companies in your area. Click here to view list.
Compare rates however you want, just make sure you are using the exact same coverage information on every quote. If you use different limits and deductibles on each one then you won’t be able to truly determine the lowest rate. Just a small difference in limits can mean a large discrepancy in price. Keep in mind that making a lot of price comparisons helps improve the odds of finding more affordable insurance. Not every company does online quotes, so it’s recommended that you also compare rates from the smaller companies as well.
Car insurance is not inexpensive, but you may be missing some discounts that may help make it more affordable. Some discounts will apply at the time you complete a quote, but a few need to be inquired about prior to receiving the credit. If you check and find you aren’t receiving every discount you qualify for, you are paying more than you should be.
Keep in mind that many deductions do not apply to your bottom line cost. The majority will only reduce the price of certain insurance coverages like medical payments or collision. If you do the math and it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy.
Insurance companies that possibly offer these money-saving discounts may include but are not limited to:
Before you buy a policy, ask every company which discounts they offer. Discounts may not be offered in your area. To choose insurers that can offer you the previously mentioned discounts, click this link.
When choosing the right insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Every insured’s situation is different.
For example, these questions might point out whether your personal situation would benefit from professional advice.
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form.
Having a good grasp of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for 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 insurance covers claims such as hail damage, rock chips in glass and fire damage. The maximum amount a insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your 2003 Volkswagen Passat.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Frequently these coverages are similar to your liability insurance amounts.
Collision – This coverage will pay to fix damage to your Passat resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as sideswiping another vehicle, backing into a parked car, sustaining damage from a pot hole and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Insurance for medical payments – Med pay and PIP coverage kick in for expenses for X-ray expenses, rehabilitation expenses and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Liability auto insurance – This coverage protects you from damages or injuries you inflict on people or other property by causing an accident. It protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 that translate to a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and a total limit of $50,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability insurance covers things like pain and suffering, attorney fees, structural damage, repair costs for stationary objects and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but consider buying as high a limit as you can afford.