Are you kicking yourself for buying an underperforming, overpriced insurance coverage policy? Don’t feel bad because many consumers are in the same pinch.
Due to the large number of options, it is very difficult to pick the lowest price insurer.
To find cheap insurance coverage quotes, there are several ways to get quotes from many insurance coverage companies in your state. The simplest method to do a complete rate comparison consists of obtaining rate quotes online. This can be accomplished using a couple different methods.
It’s up to you which method you use, but ensure you are comparing equivalent quote data with every price quote. If you are comparing differing limits then you won’t be able to determine the lowest rate for your Suzuki Grand Vitara. Having just a slight variation in insurance coverages could throw off the whole comparison. And when quoting insurance coverage, remember that quoting more helps you find a better price.
When it comes to buying the best auto insurance coverage for your personal vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether your personal situation might need professional guidance.
If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.
Knowing the specifics of your insurance policy helps when choosing the right coverages and proper limits and deductibles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverage types found on most insurance policies.
Liability auto insurance – This coverage can cover injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Another option is a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability can pay for claims such as repair costs for stationary objects, loss of income, attorney fees, pain and suffering and repair bills for other people’s vehicles. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.
UM/UIM Coverage – This coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and damage to your Suzuki Grand Vitara.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits do not exceed the liability coverage limits.
Medical costs insurance – Med pay and PIP coverage pay for expenses for things like ambulance fees, rehabilitation expenses and EMT expenses. They can be used to fill the gap from your health insurance program or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Comprehensive or Other Than Collision – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things like a broken windshield, theft, damage from a tornado or hurricane and hail damage. The maximum payout your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision coverages – This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for claims such as colliding with a tree, sideswiping another vehicle and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.