Did you fall for a flashy sales pitch and buy overpriced insurance? It’s a common feeling and there are many consumers feeling the pinch from expensive insurance. Big companies like State Farm, Farmers Insurance, GEICO and Allstate constantly bombard you with advertising and it can be hard to see past the corporate glitz and take the time to shop coverage around.
If you have insurance now or are looking for a new policy, you can learn to find the best rates while maximizing coverage. Finding affordable coverage is not that difficult. Consumers just need to learn the proper way to get comparison rates over the internet.
Most companies give prices for coverage on their websites. Comparing rates online doesn’t take much effort as you simply enter the coverages you want into a form. After you complete the form, the company’s rating system sends out for your credit score and driving record and provides a quote based on the information you submitted. Online price quotes helps simplify price comparisons, but having to visit multiple sites and type in the same information is not the best way to spend an afternoon. But it’s necessary to compare as many rates as possible in order to find the lowest possible prices on insurance coverage.
A quicker way to get multiple rate quotes is to use a quote form that obtains quotes from several companies at one time. It’s a real time-saver, reduces the work, and makes quoting online a lot less work. As soon as you send your information, it is quoted and you are able to buy any or none of the quotes that you receive. If a lower price is quoted, you can simply submit the application and purchase coverage. The entire process can be completed in a matter of minutes and can result in significant savings.
To quickly find out how much you’re overpaying now, click here to open in a new tab and submit your coverage information. If you have your current policy handy, we recommend that you enter identical to your current policy. Doing this assures you are getting a price comparison based on the exact same insurance coverage.
Some providers don’t always publicize all possible discounts in an easy-to-find place, so the list below gives a summary of both the well known as well as some of the hidden discounts that you can inquire about if you buy auto insurance online.
While discounts sound great, it’s important to understand that some of the credits will not apply to the entire policy premium. Most only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like you can get free auto insurance, it’s just not the way it works.
If you would like to see a list of insurance companies that have a full spectrum of discounts, click here.
When buying proper insurance coverage for your vehicles, there is no “perfect” insurance plan. Each situation is unique so your insurance needs to address that. These are some specific questions might point out whether you might need professional guidance.
If you’re not sure about those questions then you might want to talk to an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.
Having a good grasp of your insurance policy helps when choosing which coverages you need for your vehicles. The terms used in a policy can be confusing and nobody wants to actually read their policy. Listed below are typical coverages found on most insurance policies.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like prosthetic devices, surgery and nursing services. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
This can cover damage that occurs to other people or property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers claims like legal defense fees, court costs, medical services and medical expenses. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Collision insurance covers damage to your ALPINA B7 caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for things like damaging your car on a curb, rolling your car, sideswiping another vehicle, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.
This pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as damage from flooding, falling objects, hitting a deer, vandalism and hail damage. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Uninsured or underinsured coverage
This provides protection when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries as well as damage to your BMW ALPINA B7.
Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.