Are you a victim of an expensive auto insurance policy? Don’t feel bad because there are many consumers feeling the pinch from expensive auto insurance.
Due to the fact that there are so many different company options, it is very difficult to locate the most cost effective insurer.
The purpose of this post is to familiarize you with the most effective way to quote insurance and some tips to save money. If you currently have car insurance, you will most likely be able to save some money using these tips. Although car owners should learn how insurance companies market insurance on the web.
There are a lot of ways to compare insurance prices and some are less time-consuming than others. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you can stay home and use the web to achieve your goal.
Many of the larger companies participate in an industry program where insurance shoppers submit one quote, and at least one company can give them a price based on that information. This system prevents you from having to do repetitive form submissions for each company you want a rate for.
To participate in this free quote system, click here to start a free quote.
The one downside to using this type of system is you cannot specify which companies to get quotes from. If you would rather choose specific providers to compare, we put together a list of companies who write insurance in your area. Click here for list of insurance companies.
The method you choose is up to you, but compare exactly the same coverage limits and deductibles for each comparison quote. If your comparisons have different deductibles it will be next to impossible to make a fair rate comparison. Even a minor difference in insurance coverages or limits could mean much higher rates. And when price shopping your coverage, comparing more company’s prices helps you find the best price.
When it comes to buying proper insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions can aid in determining if you might need an agent’s assistance.
If you’re not sure about those questions but you know they apply to you, then you may want to think about talking 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.
Learning about specific coverages of a insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are the normal coverages available from insurance companies.
This coverage protects you from damage that occurs to other’s property or people by causing an accident. It protects you from claims by other people. Liability doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 that translate to $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. Some companies may use one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims like emergency aid, structural damage, repair costs for stationary objects and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.
Collision insurance covers damage to your Avalon from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as damaging your car on a curb, hitting a mailbox and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and damage to your Toyota Avalon.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these limits are set the same as your liablity limits.
Comprehensive coverage (or Other than Collision)
This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like a broken windshield, fire damage and rock chips in glass. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage reimburse you for expenses such as surgery, funeral costs and chiropractic care. They are utilized in addition to your health insurance program or if you are not covered by health insurance. It covers both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is not universally available but can be used in place of medical payments coverage