Did you fall for a flashy sales pitch and buy an expensive insurance policy? Believe me when I say you’re not the only one.
Having so many options when it comes to insurance, it can be impossible to choose the best insurance company.
Not too many consumers would say car insurance is affordable, but discounts can save money and there are some available to reduce the price significantly. Many discounts should be triggered when you get a quote, but occassionally some discounts must be inquired about prior to receiving the credit. If you do not check that you are getting every discount you qualify for, you are just wasting money.
As is typical with insurance, most discount credits are not given to all coverage premiums. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when the math indicates adding up those discounts means a free policy, nobody gets a free ride.
If you would like to see a list of car insurance companies that offer some of these discounts, click this link.
Many factors are considered when premium rates are determined. A few of the factors are predictable such as your driving record, but others are less apparent like your vehicle usage or how safe your car is.It’s important that you understand the rating factors that go into determining the price you pay for insurance coverage. If you have some idea of what impacts premium levels, this allows you to make good choices that can earn you lower premium levels.
When it comes to choosing the best insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique so this has to be addressed. For example, these questions may help highlight whether or not you will benefit from professional help.
If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.
Having a good grasp of a car insurance policy aids in choosing the best coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types available from car insurance companies.
Coverage for medical expenses
Coverage for medical payments and/or PIP kick in for bills like ambulance fees, funeral costs and prosthetic devices. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. 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 universally available but can be used in place of medical payments coverage
Liability insurance
This protects you from damages or injuries you inflict on other’s property or people in an accident. It protects YOU against other people’s claims, and does not provide coverage for 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 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Some companies may use a combined single limit or CSL which provides one coverage limit without having the split limit caps.
Liability coverage pays for claims such as loss of income, legal defense fees and structural damage. How much liability should you purchase? That is a personal decision, but consider buying as high a limit as you can afford.
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as damage to your Chrysler Sebring.
Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally these limits do not exceed the liability coverage limits.
Comprehensive car insurance
Comprehensive insurance 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 protects against things like damage from flooding, falling objects, damage from a tornado or hurricane, theft and hail damage. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Collision insurance
This covers damage to your Sebring from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like scraping a guard rail, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. You can also increase the deductible to save money on collision insurance.
You just read a lot of ways to shop for 2007 Chrysler Sebring insurance online. The key thing to remember is the more times you quote, the better your comparison will be. Drivers may discover the biggest savings come from a smaller regional carrier. These smaller insurers may cover specific market segments cheaper than their larger competitors like Allstate and Progressive.
As you restructure your insurance plan, don’t be tempted to sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase plenty of coverage at the best price, not the least amount of coverage.
Additional insurance information is available at these links:
Garry Ballard
Corporate greed I’m telling you. Live in Boise, ID. I quoted with Progressive, Esurance, and Hartford for my Sebring and I think I cut my rates about $70 each month. Hopefully won’t need it. Are quotes cheaper online?
Ligia Johnson
If you’re a decent driver and are close to Aberdeen, SD, check out State Farm. You might save some money. Was with USAA. I increased coverages a little too. Not sure about claim service.
Darryl Perkins
Lots of good stuff here. I live on the south side of Henderson, Nevada. I quoted with State Farm, Hanover, and Eastwood for my Sebring and cut my rates about $440 a year. Was with American Family. I have several vehicles insured with them.
Suellen Rush
From south side of Cedar Rapids, IA. Quoted with Amica, MetLife, and Travelers for my Sebring and saved just over $170 a year. Left Auto-Owners to switch.
Melissa English
If you have a good history and live near Wilmington, DE, check out State Farm. I saved quite a bit. It’s still not cheap enough.
Porter Parsons
Mine is so expensive. From Lincoln, Nebraska. Got prices from AIG Insurance, MetLife, and some smaller one I can’t remember the name of for my 2007 Chrysler Sebring and I think I saved around $40 each month. Got better coverage too. Did it all online.
Laci Dawson
I’m in Jersey City, NJ, and GEICO rates were affordable. Insured with Encompass before. I have a couple other vehicles on the policy. Did it all online.
Chadwick Dominguez
I got quite a few price quotes for a 2007 Chrysler Sebring in Columbus, OH. Ended up at darn near $230 every six months with Amica. Insured with American Family before. Moved home policy as well.
Roxy Holden
I live on the east side of Salem, OR, and Allstate rates were best. I’m a pretty good driver though. Not sure if rates are cheaper online or not.