Are you sick and tired of sacrificing to make your car insurance payment? You are no different than many other drivers.
Companies like State Farm, Farmers Insurance, GEICO and Allstate promote their brand names with fancy advertisements and it can be hard to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.
If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. Choosing the best insurance company for you is not rocket science. But car owners do need to know how companies compete online.
Auto insurance companies do not list every discount they offer very well, so the following list contains some of the more common and the more hidden discounts that you may qualify for. If you do not check that you are getting every discount you deserve, you are just wasting money.
Please keep in mind that some of the credits will not apply to the entire policy premium. Some only apply to individual premiums such as comprehensive or collision. Even though it may seem like you can get free auto insurance, companies wouldn’t make money that way. But any discount should help lower your overall premium however.
A list of insurance coverage companies and a summarized list of policyholder discounts are:
If you need lower rates, check with each insurance company how many discounts you can get. Depending on the company, some discounts may not apply in your area. To view insurance companies offering insurance coverage discounts, follow this link.
When buying adequate coverage for your vehicles, there isn’t really a perfect coverage plan. Every situation is different and your policy should reflect that. These are some specific questions may help you determine whether your personal situation could use an agent’s help.
If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Understanding the coverages of car insurance helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. These are the usual coverages found on most car insurance policies.
Coverage for medical payments and/or PIP kick in for expenses such as pain medications, X-ray expenses and doctor visits. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. They cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay
This protects you from damage that occurs to other people or property in an accident. It protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability insurance covers things like loss of income, repair costs for stationary objects, medical services, structural damage and funeral expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like hitting a deer, vandalism, hail damage and falling objects. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your BMW 5 Series.
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 a good idea. Usually these limits are set the same as your liablity limits.
This will pay to fix damage to your 5 Series from colliding with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against claims like colliding with another moving vehicle, crashing into a ditch, driving through your garage door, hitting a mailbox and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also increase the deductible to save money on collision insurance.
Lower-priced auto insurance can be bought from both online companies as well as from insurance agents, so you should be comparing quotes from both to have the best selection. Some companies do not provide online quoting and most of the time these smaller providers work with local independent agents.
When shopping online for auto insurance, it’s not a good idea to reduce coverage to reduce premium. In many instances, drivers have reduced liability limits or collision coverage only to regret that the savings was not a smart move. The goal is to purchase a proper amount of coverage at the best possible price and still be able to protect your assets.
Additional information is located on the following sites: