Having to pay for high-priced insurance can eat up your personal savings and put a big crunch on your finances. Performing a rate comparison can help to lower your bills every month.
Due to the increasing number of choices, it is very difficult to find a more affordable insurance company.
Finding the best rates is not that difficult. If you have a policy now or need a new policy, you can learn to get lower rates and still get good coverage. Consumers just need to know how to compare rates online.
Shopping for lower car insurance rates can be challenging if you don’t utilize the easiest way. You could spend your day talking to agents in your area, or you can stay home and use the internet to get pricing more quickly.
Most car insurance companies participate in a marketplace where insurance shoppers enter their policy data once, and each participating company provides a quote determined by their information. This prevents consumers from doing quotation requests to each company.
To use this form to compare rates click here to start a free quote.
The only drawback to comparing rates this way is you cannot specify the insurers you want pricing from. So if you want to select individual companies to compare rates, we have a page of low cost car insurance companies in your area. Click here to view list.
It’s up to you how you get prices quotes, just try to keep identical information with each company. If the quotes have mixed coverages it’s impossible to make a fair comparison for your Volkswagen Golf.
Consumers can’t avoid all the ads that claim the lowest premium rates from companies such as Allstate, GEICO and Progressive. All the companies say the same thing about saving some big amount if you get a free insurance coverage quote and switch your policy.
It sounds good, but how can they all cost less than your current company? This is the way they can do it.
Most companies have underwriting criteria for the type of driver that makes them money. One example of a desirable insured should be a married male, has never had a claim, and drives a lower-performance vehicle. Any customer who matches those parameters will get very good premium rates and is almost guaranteed to save a lot if they switch.
Insureds who do not fit the ideal profile may be forced to pay higher premium rates and the customer not purchasing. If you pay attention, the ads say “customers who switch” not “everybody who quotes” save that much when switching. This is how insurance companies can confidently lure you into getting a quote. Because every company is different, you absolutely need to do a quote comparison often. Because without a comparison, you cannot know with any certainty which company will give you the biggest savings.
Lots of factors are considered when you quote your car insurance policy. Some are pretty understandable like a motor vehicle report, but others are more obscure such as your credit history or your financial responsibility.
Some companies don’t always advertise every discount very well, so the list below contains both well-publicized as well as some of the hidden credits that you can use to lower your rates.
As a sidenote, most credits do not apply to all coverage premiums. Most only apply to specific coverage prices like medical payments or collision. Just because it seems like it’s possible to get free car insurance, you’re out of luck.
Insurance companies that possibly offer these benefits may include but are not limited to:
It’s a good idea to ask all the companies what discounts are available to you. Some of the earlier mentioned discounts may not apply to policies in your area. For a list of providers with significant discounts, click here.
When buying the best insurance coverage coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions may help you determine whether or not you will benefit from professional help.
If you can’t answer these questions then you might want to talk to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, free and can provide invaluable advice.
Learning about specific coverages of a insurance policy can help you determine which coverages you need for your vehicles. Insurance terms can be difficult to understand and reading a policy is terribly boring. Shown next are the usual coverages found on most insurance policies.
Collision coverage protection
This pays for damage to your Golf caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things like crashing into a ditch, hitting a mailbox, sustaining damage from a pot hole and colliding with another moving vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to save money on collision insurance.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage provide coverage for immediate expenses like X-ray expenses, doctor visits, pain medications and surgery. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay
This coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers things like hitting a deer, a broken windshield, theft and hitting a bird. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
This coverage provides protection from injuries or damage you cause to other’s property or people by causing an accident. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability insurance covers things such as bail bonds, attorney fees and funeral expenses. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as high a limit as you can afford.
Budget-friendly car insurance is definitely available on the web and with local insurance agents, and you should compare price quotes from both to have the best rate selection. Some car insurance companies don’t offer online price quotes and usually these regional insurance providers prefer to sell through independent agencies.
As you shop your coverage around, don’t be tempted to buy less coverage just to save a little money. In many cases, an accident victim reduced physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. The goal is to purchase plenty of coverage at a price you can afford.
More detailed car insurance information can be found at these sites: