Have you fallen victim to overpriced insurance coverage? Don’t feel bad because you are not the only one feeling buyer’s remorse.
Companies like State Farm, Farmers Insurance, Geico and Allstate continually bombard you with TV and radio ads and consumers find it hard to avoid their marketing magic and take the time to shop coverage around.
If you have car insurance now, you will be able to lower your premiums substantially using these techniques. Buying car insurance is quite easy. But consumers must know the way insurance companies price online insurance and take advantage of how the system works.
All the larger auto insurance companies provide prices online. Getting prices online is fairly straightforward as you just enter into a form. After the form is submitted, their rating system makes automated requests for credit information and your driving record and returns a price quote based on these factors. This helps simplify price comparisons, but the time required to go to different websites and type in the same information gets old quite quickly. But it’s very important to do this in order to get lower prices.
The smarter way to locate the lowest prices requires only one form that gets price quotes from several companies at one time. It saves time, requires less work, and makes online shopping much more enjoyable and efficient. After sending your information, it is rated and you can choose any or none of the resulting price quotes. If the quotes result in lower rates, you simply finish the application and purchase the new policy. The entire process just takes a couple of minutes and you will find out if you’re overpaying now.
To compare rates now, simply click here to open in new window and submit your coverage information. If you currently have coverage, we recommend you type in the limits and deductibles exactly as shown on your declarations page. This way, you’re receiving rate quotes for the exact same coverage.
Some companies do not list their entire list of discounts in a way that’s easy to find, so the list below gives a summary of some of the more common as well as some of the hidden discounts that may be available.
It’s important to understand that some credits don’t apply to the entire cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Even though the math looks like it’s possible to get free car insurance, you aren’t that lucky. But all discounts will positively reduce your policy premiums.
Large car insurance companies and a summarized list of policyholder discounts are included below.
Double check with every insurance company to give you their best rates. Some of the earlier mentioned discounts might not be offered in your area. For a list of insurers that offer the discounts shown above, click this link.
When it comes to buying the right insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Every situation is different and a cookie cutter policy won’t apply. For example, these questions might help in determining if you would benefit from an agent’s advice.
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.
Understanding the coverages of your auto insurance policy aids in choosing which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average auto insurance policy.
This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for claims like hail damage, falling objects, a broken windshield and fire damage. The maximum payout your auto insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Coverage for medical payments
Coverage for medical payments and/or PIP kick in for expenses such as EMT expenses, prosthetic devices and funeral costs. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
This covers damage to your CC from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as backing into a parked car, hitting a parking meter, scraping a guard rail, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.
Auto liability insurance
Liability insurance can cover injuries or damage you cause to people or other property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers things like repair bills for other people’s vehicles, bail bonds, pain and suffering and structural damage. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.
Uninsured and underinsured coverage
This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and damage to your Volkswagen CC.
Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
I’m in the east part of Lewiston, ME. Compared rates from a lot of places. Saved right around $40 a month. 21st Century was the best choice for me. Insured with Amica before. Teenage drivers are expensive!
Not sure what I should be paying. From a town just southwest of Saint Paul, MN. Got free quotes online for a 2009 Volkswagen CC. Ended up at about $100 savings annually. Went with Allstate. Left Mercury to switch. Good savings if you bundle.
From Rockford, IL. I got free quotes from Allstate, Auto-Owners, and Encompass for my CC and saved just over $190 a year. I got prices on the web.
Will 21st Century be cheaper if I raise deductibles?
I’m from Chicago, IL. Got quotes with USAA, AIG Insurance, Hanover, and MetLife for my 2009 Volkswagen CC and saved $99 a year.
Hope my rates come down. Went with GMAC for my CC and saved about $550 a year. Insured with MetLife before.
Lifelong resident of Nampa, ID. Quoted with USAA, Auto-Owners, GMAC, and Mercury for my Volkswagen and saved $367 a year. Was with Western Auto Insurance. I get multi-vehicle and multi-policy discounts.
In Newark, DE try State Farm or GEICO. Both had decent prices.
Anyone buy from Auto-Owners? I’m in Raleigh, NC.