Nobody I know is fond of buying insurance, especially when they are aware that the price is too high. Consumers have many insurers to buy insurance from, and even though it’s nice to have a selection, more choices can make it harder to find a good deal.
The best way to compare insurance rates in your area is to understand most of the larger companies allow for online access to give rate comparisons. All you need to do is give the companies some data such as types of safety features, marital status, the year, make and model of vehicles, and driver details. The data is automatically sent to many highly-rated insurers and they respond with quotes quickly.
Not too many consumers would say auto insurance is affordable, but there’s a good chance there are discounts that can help lower your rates. Larger premium reductions will be automatically applied when you purchase, but once in a while a discount must be specifically requested in order for you to get them. If you’re not getting every credit available, you could be paying more than you need to.
Discounts reduce rates, but you should keep in mind that most credits do not apply to your bottom line cost. Most only cut individual premiums such as comprehensive or collision. Just because you may think you would end up receiving a 100% discount, companies wouldn’t make money that way.
To choose insurance companies that offer many of these discounts, click this link.
When buying adequate coverage for your personal vehicles, there really is no single plan that fits everyone. Every insured’s situation is different so this has to be addressed. For example, these questions may help highlight whether you would benefit from professional advice.
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, free and can help protect your family.
Knowing the specifics of your auto insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Auto insurance terms can be ambiguous and coverage can change by endorsement. Shown next are typical coverages available from auto insurance companies.
This will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like rock chips in glass, hitting a bird and hail damage. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Coverage for medical payments and/or PIP pay for short-term medical expenses for things like X-ray expenses, prosthetic devices, pain medications, EMT expenses and ambulance fees. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers 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 pays to fix your vehicle from damage resulting from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as colliding with a tree, rolling your car, crashing into a building, hitting a parking meter and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Liability coverage provides protection from injuries or damage you cause to people or other property that is your fault. It protects YOU against claims from other people. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.
Liability coverage pays for things such as loss of income, repair costs for stationary objects, repair bills for other people’s vehicles and pain and suffering. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.
Your UM/UIM coverage provides protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage to your Audi A3.
Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.