There isn’t anyone who fancies paying their premiums for auto insurance, particularly when they could lower their rates if they shopped around. Companies like GEICO, Farmers Insurance and State Farm promote their brand names with ads and it can be hard to ignore the propoganda and effectively compare rates to find the best deal.
If you have insurance now or are shopping for new coverage, you can follow these tips to reduce the price you pay while maintaining coverages. Finding the best rates is not rocket science. Drivers only need to know the tricks to shop online.
Car insurance is not cheap nor is it fun to buy but there may be some discounts that can dramatically reduce your bill. Certain discounts will be applied at quote time, but less common discounts must be asked for before being credited. If you’re not getting every credit you deserve, it’s possible you qualify for a lower rate.
One thing to note about discounts is that most credits do not apply to the overall cost of the policy. Most only cut individual premiums such as comp or med pay. Just because it seems like you could get a free car insurance policy, it just doesn’t work that way.
To locate providers who offer discounts, follow this link.
When it comes to choosing coverage for your vehicles, there really is not a single plan that fits everyone. Everyone’s situation is a little different so this has to be addressed. These are some specific questions can help discover whether you could use an agent’s help.
If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.
Having a good grasp of your policy helps when choosing the best coverages for your vehicles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Listed below are the usual coverages available from auto insurance companies.
Liability insurance – Liability insurance will cover damage that occurs to people or other property that is your fault. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.
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 translate to a $100,000 limit per person for injuries, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined limit which provides one coverage limit rather than limiting it on a per person basis.
Liability insurance covers things such as bail bonds, medical expenses and emergency aid. How much coverage you buy is a personal decision, but consider buying as high a limit as you can afford.
Uninsured or underinsured coverage – This provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and damage to your Ford Econoline Cargo.
Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Normally these limits are set the same as your liablity limits.
Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses for rehabilitation expenses, chiropractic care and hospital visits. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible
Collision coverages – This pays for damage to your Econoline Cargo from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things such as colliding with a tree, backing into a parked car, damaging your car on a curb and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to save money on collision insurance.
Comprehensive protection – This pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like a broken windshield, hitting a bird and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
As you restructure your insurance plan, make sure you don’t skimp on critical coverages to save a buck or two. Too many times, an insured dropped uninsured motorist or liability limits to discover at claim time that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage at the lowest possible cost, but do not skimp to save money.
Cheaper auto insurance can be sourced on the web and from local agencies, and you should compare rates from both to have the best chance of lowering rates. There are still a few companies who do not offer the ability to get quotes online and usually these smaller companies prefer to sell through independent insurance agencies.
More detailed auto insurance information can be read by following these links: