No one in their right mind fancies paying their premiums for car insurance, in particular when they could find better rates elsewhere. Multiple car insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare auto insurance companies to find the absolute lowest cost out there.
If you have insurance now or need new coverage, you can use these tips to find the best rates and possibly find even better coverage. Choosing the best insurance company for you is not that difficult. Drivers just need to understand how to shop for insurance online.
Effectively comparing insurance coverage prices is a ton of work if you don’t utilize the easiest way. You can waste a lot of time driving to insurance agencies in your area, or you can stay home and use the internet to get prices fast.
Most major companies enroll in a system where prospective buyers submit their information once, and each company can give them a price based on that information. This prevents consumers from doing quote requests for each company you want a rate for.
To compare rates using this form now click here (opens in new window).
The only downside to using this type of form is that you can’t choose the insurers to get quotes from. If you would rather choose specific providers to compare prices, we have assembled a list of low cost insurance coverage companies in your area. Click here for list of insurance companies.
Which method you use is up to you, but ensure you’re using equivalent coverages and limits with each company. If you have different limits and deductibles on each one it will be very difficult to truly determine the lowest rate.
Companies do not list every available discount very clearly, so the following is a list of a few of the more well known and the more hidden credits available to bring down your rates. If you check and find you aren’t receiving every discount available, you could be getting lower rates.
Please keep in mind that some of the credits will not apply to your bottom line cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. Despite the appearance that all the discounts add up to a free policy, it’s just not the way it works.
Car insurance companies that may include most of these discounts are:
When comparing rates, check with every prospective company the best way to save money. Some discounts may not apply to policyholders in your area. If you would like to view insurance companies who offer discounts, click this link.
When it comes to choosing adequate coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions can aid in determining whether or not you could use an agent’s help.
If it’s difficult to answer those questions, you might consider talking to a licensed agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.
Having a good grasp of your policy aids in choosing the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types found on most insurance policies.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage pays to fix your vehicle from 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 can pay for claims like hitting a deer, damage from flooding, hitting a bird, a broken windshield and fire damage. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and damage to your 2009 Audi A5.
Since a lot of 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 very important.
Insurance for medical payments
Coverage for medical payments and/or PIP pay for immediate expenses like EMT expenses, hospital visits, prosthetic devices and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage
Liability insurance protects you from injuries or damage you cause to people or other property by causing an accident. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability insurance covers claims like medical expenses, pain and suffering and bail bonds. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.
This pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision coverage protects against claims like crashing into a building, sideswiping another vehicle, rolling your car and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.