Are you regretting buying high-priced insurance? Believe me when I say there are many consumers feeling the pinch from expensive insurance.
Multiple insurers compete for your hard-earned dollar, so it can be very hard to choose a insurer to find the absolute lowest cost out there.
You need to do price comparisons periodically because prices go up and down regularly. Even if you think you had the lowest quotes on Compass coverage two years ago you can probably find a lower rate today. Forget all the misinformation about insurance because we’re going to show you one of the best ways to find better rates and still maintain coverage.
When comparison shopping, there are several ways to compare rate quotes from local car insurance companies. The best method to comparison shop is to jump online and get quotes. This can be accomplished in a couple minutes as outlined below.
The most efficient way to get the best comparison quotes would be an industry-wide quote request form click here to open form in new window. This easy form prevents you from having to do multiple quote forms to each individual car insurance company. Filling out one form gets you coverage quotes instantly.
A slightly less efficient method to get comparison quotes is spending the time to visit the website for each individual company and go through the quote process again. For examples sake, let’s assume you want to compare Allstate, Progressive and Geico. You would need to spend time on each company’s site and repeatedly enter your information, which is why most consumers use the first method. For a list of links to insurance companies in your area, click here.
Take whichever approach you prefer, but make absolute certain that you use nearly identical quote information on every quote. If you compare different values for each quote it’s not possible to make a fair rate comparison. Even a minor difference in coverage limits could throw off the whole comparison. And when comparing car insurance rates, know that comparing more quotes will enable you to find the best rates. Some regional insurers cannot provide online quotes, so it’s important to also get rates from those companies as well.
Insurance coverage can be pricey, but you may be missing some discounts that could help you make your next renewal payment. A few discounts will be applied at the time you complete a quote, but a few need to be asked for before you will receive the discount. If you’re not getting every credit you deserve, you’re paying more than you need to.
It’s important to understand that most credits do not apply the the whole policy. Most only apply to the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount will help reduce your policy premiums.
Larger insurance coverage companies and a partial list of their discounts are included below.
When getting a coverage quote, ask every prospective company which discounts you may be entitled to. A few discounts may not be offered in every state. If you would like to choose from a list of providers that provide some of the discounts listed above, follow this link.
When it comes to choosing adequate coverage for your vehicles, there really is no cookie cutter policy. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions can help discover whether your personal situation will benefit from professional help.
If you don’t know the answers to these questions then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.
Lots of things are part of the equation when you get your auto insurance bill. A few of the factors are predictable like an MVR report, but other factors are more obscure such as your marital status or how financially stable you are.An important part of buying insurance is that you know the factors that aid in calculating the price you pay for auto insurance. If you have a feel for what controls the rates you pay, this helps enable you to make changes that can earn you lower auto insurance prices.
Well-known insurance coverage companies like Geico, State Farm and Progressive continually stream television and radio advertisements. All the companies advertise claims that people will save just by moving your coverage. How do they all cost less than your current company? It’s all in the numbers.
Insurance companies quote the lowest rates for the type of driver they prefer to insure. For instance, a desirable risk might have to be a female over age 40, has never had a claim, and the vehicle is rated for pleasure use. A customer getting a price quote that hits that “sweet spot” will probably get the lowest premium rates and most likely will save a lot of money.
Potential customers who do not match those standards may be forced to pay more expensive rates which translates to business going elsewhere. The ad wording is “drivers that switch” not “all people who quote” save money. That’s why companies can lure you into getting a quote.
Because each company has a different risk profile, you absolutely need to get as many free insurance coverage quotes as possible. It’s just not possible to know which insurance coverage company will provide the lowest premium rates.
Learning about specific coverages of your policy helps when choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are typical coverages found on most insurance policies.
Auto liability insurance
Liability coverage will cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see a combined limit which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage protects against things such as structural damage, attorney fees and loss of income. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.
Uninsured and underinsured coverage
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since a lot of 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 very important. Normally these limits are set the same as your liablity limits.
Collision coverage protection
This coverage covers damage to your Compass resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as colliding with another moving vehicle, colliding with a tree, driving through your garage door, crashing into a ditch and rolling your car. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Comprehensive coverages
This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as damage from flooding, damage from a tornado or hurricane, a tree branch falling on your vehicle and fire damage. The maximum amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Coverage for medical payments
Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as X-ray expenses, prosthetic devices, dental work, hospital visits and pain medications. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and may carry a deductible
When shopping online for insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced uninsured motorist or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find at the best possible price, but do not skimp to save money.
We just covered quite a bit of information on how to reduce 2011 Jeep Compass insurance premium rates online. It’s most important to understand that the more rate comparisons you have, the better chance you’ll have of finding affordable insurance coverage. Drivers may discover the lowest premium rates come from some of the lesser-known companies. Regional companies often have lower prices on specific markets compared to the large companies like State Farm, Geico and Nationwide.
To read more, feel free to browse these articles:
Kathi Gray
Here’s my quote info. I live in a small town just outside of Dallas, TX. Got car insurance prices from The General, American Family, Mercury, and a couple others for my Jeep and saved $575 a year. Left 21st Century to switch. Good multi-policy discounts. Just waiting to see how claims go.
Paul Faulkner
Great info, thanks for posting. I’m just south of Parkersburg, WV. I quoted with State Farm, Amica, Esurance, and Hanover for my 2011 Jeep Compass and saved just over $370 a year. Left Western Auto Insurance to switch. I increased coverages a little too. :P
Ceola Tanner
Will GEICO cancel my policy for a liability claim?
Maranda Arnold
In Columbia, South Carolina compare State Farm with GEICO and see which is best.
Audrea Ayala
Does GEICO insure after a DUI?
Clay Fowler
Does State Farm offer multi-policy discounts?
Avis Cotton
Here’s what I found out. I’m in the east part of Knoxville, TN. Got prices from Hartford, Amica, MetLife, and a couple others for my Compass and saved just over $490 a year. Insured with GEICO before. It was easy to get rates.
Ula Oneil
Quoted with Safeco for my 2011 Jeep Compass and saved about $220 a year.
Toi Cotton
Is 21st Century or Erie cheap in Los Angeles, CA?
Velva Mcmahon
If you have a clean record and live near Tacoma, WA, check out GEICO. You might get cheaper rates. My new agent seems to be really good.
Sonja Burnett
Is Progressive cheaper than AAA in Huntington, WV?
Gidget Burgess
Will Progressive insure with a DUI in Lewiston, ME?
Mona Melton
Hope my car insurance gets cheaper. Found cheapest coverage with Erie for my Compass and am saving around $420 a year. I get lower rates because of my clean driving record. They were helpful in switching over.
Gaynell Valentine
Here’s my info. I live north of Columbia, SC. Checked online prices for a 2011 Jeep Compass. Ended up at about $550 savings annually. Went with 21st Century. I get multi-vehicle and multi-policy discounts. I used their website to get prices.
Jodie Yang
If you’re a decent driver and live near Philadelphia, PA, check out State Farm. They seem to be cheaper. Got better coverage too. Not sure if rates are cheaper online or through an agent.
Petronila Sargent
I’m in the west part of Milwaukee, WI. Received quotes from Amica, Farmers, and Mercury for my 2011 Jeep Compass and saved just over $560 a year. My new agent seems to be really good. Might find lower rates online.
Kathern Brooks
I’m in the suburbs of Louisville, KY. Don’t remember every company but I ended up saving about $40 each month. Insured with Western Auto Insurance before. It never hurts to quote around.