Nobody that owns a car likes having to buy insurance coverage, especially knowing they are paying too much. Since you have so many online and local companies to choose from, it can be challenging to pick the most cost effective company.
Some providers don’t always advertise every discount in an easy-to-find place, so the below list has a few of the more common and also the lesser-known credits available to lower your premiums when you buy insurance online.
Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given the the whole policy. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Even though the math looks like you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.
Popular insurance coverage companies and some of the discounts are outlined below.
If you need lower rates, check with every insurance company how many discounts you can get. Some credits might not be offered in your area. To find insurers who offer insurance coverage discounts, click here to view.
When it comes to choosing the right insurance coverage, there isn’t really a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that Here are some questions about coverages that might help in determining if your situation will benefit from professional help.
If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area. It is quick, free and can help protect your family.
Understanding the coverages of insurance helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages available from insurance companies.
This will cover injuries or damage you cause to other’s property or people by causing an accident. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 100/300/100 that means you have 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. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability can pay for things like medical expenses, funeral expenses and pain and suffering. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like nursing services, prosthetic devices, ambulance fees and hospital visits. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states and may carry a deductible
Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like rock chips in glass, damage from a tornado or hurricane, hitting a bird and hail damage. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision coverage protection
This covers damage to your Viper from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things like hitting a mailbox, crashing into a building and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries and also any damage incurred to your Dodge Viper.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Most of the time the UM/UIM limits do not exceed the liability coverage limits.
As you prepare to switch companies, make sure you don’t buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The aim is to find the BEST coverage at the best price and still be able to protect your assets.
We’ve covered some good ideas how to compare 2009 Dodge Viper insurance rates online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates are with a lesser-known regional company. Regional companies can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.
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