Finding cheap insurance coverage can seem to be slightly frustrating for drivers who are new to online comparison shopping. With so many options of companies in the marketplace, it can turn into a real difficult job to find a cheaper company.
It’s a good idea to price shop coverage once or twice a year because prices are variable and change quite frequently. If you had the lowest rates for Legacy insurance six months ago you will most likely find a better premium rate today. There is a lot of bad advice regarding insurance coverage out there, but in just a couple of minutes you can learn some great ideas on how to lower your insurance coverage rates.
Auto insurance companies don’t list every possible discount very clearly, so we break down a few of the more well known and the more hidden credits available to lower your premiums when you buy auto insurance online.
As a disclaimer on discounts, some credits don’t apply the the whole policy. Most only apply to individual premiums such as medical payments or collision. Even though the math looks like you would end up receiving a 100% discount, you aren’t that lucky.
Large insurance companies and their offered discounts are shown below.
When comparing rates, check with each company to give you their best rates. All car insurance discounts may not apply to policyholders in your state. To see insurers offering insurance discounts, click here.
All the larger car insurance companies like Progressive, GEICO, Allstate and State Farm provide insurance quotes directly from their websites. The process doesn’t take much effort as you simply enter as requested by the quote form. When the form is submitted, their rating system makes automated requests for reports for credit and driving violations and provides a quote based on these factors.
Quoting online simplifies rate comparisons, but the process of having to visit many different websites and type in the same data is a waste of time. But it’s absolutely necessary to do this if you are searching for better prices.
Isn’t there an easier way to compare rates?
A less time-consuming method to lower your car insurance bill makes use of a single form that obtains quotes from several companies at one time. It saves time, requires much less work on your part, and makes rate comparisons a little more enjoyable. After your information is entered, it is rated and you can choose any or none of the quote results.
If you find a better price you can simply submit the application and purchase the new policy. This process takes just a few minutes to complete and can result in significant savings.
In order to get comparison pricing now, click here and begin entering your coverage information. If you have coverage now, it’s recommended you duplicate deductibles and limits exactly as shown on your declarations page. This ensures you will have rate comparison quotes for similar coverage.
When it comes to choosing coverage for your personal vehicles, there really is no best way to insure your cars. Everyone’s situation is a little different.
For example, these questions may help you determine if your situation will benefit from professional help.
If it’s difficult to answer those questions then you might want to talk to a licensed insurance agent. To find an agent in your area, take a second and complete this form.
Popular auto insurance providers such as Progressive, GEICO, Allstate and State Farm regularly use ads on television and other media. They all seem to make the point that drivers can save some big amount just by moving to their company. Is it even possible that every company can give you a better price? It’s all in how they say it.
Most companies provide the lowest rates for the type of driver that will add to their bottom line. For example, a desirable insured should be a mature driver, has no claims, and chooses high deductibles. A customer who fits those characteristics will qualify for the lowest prices and most likely will save if they switch.
Insureds who do not match the ideal profile may receive higher prices which translates to business not being written. If you listen closely, the ads state “customers that switch” but not “everyone who gets a quote” can get the lowest rates when switching. That’s why companies can truthfully make claims like that.
Because every company is different, it’s extremely important to get a wide range of price quotes. It is just not possible to predict which insurance companies will provide the lowest car insurance rates.
Understanding the coverages of a insurance policy can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.
UM/UIM Coverage – This coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Subaru Legacy.
Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive or Other Than Collision – This coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like damage from flooding, damage from a tornado or hurricane, rock chips in glass, hail damage and a tree branch falling on your vehicle. The most a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Liability – This protects you from damage or injury you incur to a person or their property. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.
Liability can pay for things like repair bills for other people’s vehicles, loss of income, court costs and bail bonds. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.
Collision – This pays to fix your vehicle from damage resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims like driving through your garage door, hitting a mailbox and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to get cheaper collision coverage.
Medical costs insurance – Medical payments and Personal Injury Protection insurance provide coverage for expenses for nursing services, rehabilitation expenses, EMT expenses, doctor visits and X-ray expenses. The coverages can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is not universally available and may carry a deductible
We covered many tips how you can save on 2013 Subaru Legacy insurance. It’s most important to understand that the more you quote auto insurance, the higher your chance of finding the cheapest auto insurance. You may even find the biggest savings come from an unexpected company.
When getting auto insurance quotes online, do not sacrifice coverage to reduce premiums. There are too many instances where consumers will sacrifice collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your focus should be to buy enough coverage at the best price while still protecting your assets.
Drivers who switch companies do it for any number of reasons including an unsatisfactory settlement offer, extreme rates for teen drivers, unfair underwriting practices and policy cancellation. It doesn’t matter why you want to switch finding a new car insurance company is easier than you think.