Wish you could get out of an overpriced insurance policy? Don’t sweat it because there are many people just like you.
Companies like GEICO, Farmers Insurance and State Farm continually hit you with ad campaigns and it is challenging if not impossible to see through the cute green geckos and mayhem and find the best price available.
You need to compare rates before your policy renews due to the fact that insurance prices are usually higher with each renewal. Even if you got the best deal on Transit Connect coverage last year other companies may now be cheaper. Forget all the misinformation about insurance because you’re going to get a crash course in the fastest and easiest way to remove unneeded coverages and save money.
The best way to get rate comparisons is to know car insurance companies have advanced systems to give free rates quotes. The one thing you need to do is provide information including if you went to college, an estimate of your credit level, how your vehicles are used, and the ages of drivers. Your rating data is instantly provided to many highly-rated insurers and you get price estimates with very little delay.
When buying adequate coverage, there is no “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover if your insurance needs might need an agent’s assistance.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.
Understanding the coverages of auto insurance aids in choosing the right coverages at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. These are typical coverage types offered by auto insurance companies.
Collision coverage – Collision coverage pays for damage to your Transit Connect resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for things such as driving through your garage door, scraping a guard rail, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.
Medical expense insurance – Medical payments and Personal Injury Protection insurance reimburse you for expenses such as nursing services, surgery, doctor visits, X-ray expenses and pain medications. The coverages can be utilized in addition to your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Coverage for liability – This coverage protects you from damage that occurs to other people or property in an accident. It protects YOU from legal claims by others. Liability doesn’t 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. You commonly see limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.
Liability coverage protects against things like emergency aid, medical expenses and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.
Comprehensive (Other than Collision) – This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like hitting a bird, hail damage and damage from flooding. The highest amount your auto insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Protection from uninsured/underinsured drivers – This coverage gives you protection from other motorists when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Ford Transit Connect.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.