Pretty sure you bought an overpriced auto insurance policy? Trust us, there are many drivers thinking the same thing.
There is such a variety of auto insurance companies to insure vehicles with, and even though it’s nice to have a selection, having more insurers makes it harder to find the best rates for your vehicles.
The purpose of this post is to instruct you on the most effective way to quote insurance and some tricks to saving. If you have car insurance now, you will be able to save some money using this information. Although car owners can benefit by having an understanding of the way companies market on the web and apply this information to your search.
There are a lot of ways to compare car insurance prices but some are less labor-intensive and much quicker. You could spend the better part of a day discussing policy coverages with insurance companies in your area, or you can stay home and use the internet to accomplish the same thing much quicker.
Many insurance companies enroll in a system where insurance shoppers send in one quote, and each company returns a rated price based on that data. This eliminates the need for quote forms for each company you want a rate for.
To access this free quoting program, click here to start a free quote.
The one downside to pricing coverage this way is you are unable to specify the insurers you want pricing from. If you prefer to choose specific insurance companies for rate comparison, we have assembled a list of low cost car insurance companies in your area. View list of insurance companies.
It’s up to you how you get prices quotes, just make sure you are using equivalent quote information with every price quote. If you use mixed coverages it will be impossible to decipher which rate is best. Having just a slight variation in insurance coverages could skew the results. And when quoting car insurance, remember that making a lot of price comparisons increases your odds of finding a lower rate than you’re paying now. Not every company does price estimates online, so it’s important to also get quotes from them as well.
Companies that sell car insurance don’t always publicize all their discounts very clearly, so the next list breaks down both the well known as well as the least known credits available to you. If you check and find you aren’t receiving every discount you qualify for, you are paying more than you should be.
Consumers should know that most discount credits are not given the the whole policy. Most only apply to the price of certain insurance coverages like comprehensive or collision. Even though the math looks like you would end up receiving a 100% discount, you aren’t that lucky.
A few popular companies and their possible discounts are outlined below.
Before purchasing a policy, check with every company which discounts they offer. Some discounts listed above might not be available to policyholders everywhere. To choose insurance companies with discount car insurance rates, click this link.
When buying adequate coverage for your vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions can aid in determining whether your personal situation could use an agent’s help.
If you can’t answer these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier
Knowing the specifics of your insurance policy helps when choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages found on the average insurance policy.
Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Due to the fact that 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 should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like EMT expenses, ambulance fees, surgery, funeral costs and X-ray expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Collision coverages – Collision insurance pays for damage to your Transit Van from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things like colliding with another moving vehicle, sideswiping another vehicle and crashing into a ditch. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Comprehensive (Other than Collision) – This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like a tree branch falling on your vehicle, damage from flooding, damage from getting keyed, a broken windshield and damage from a tornado or hurricane. The most your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Liability auto insurance – This coverage protects you from damage or injury you incur to other people or property in an accident. This coverage protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined limit which provides one coverage limit without having the split limit caps.
Liability coverage protects against claims like structural damage, court costs, bail bonds and repair costs for stationary objects. The amount of liability coverage you purchase is a personal decision, but buy higher limits if possible.