Feel like you have high-priced insurance coverage? Say no more because you’re not the only one. Insurance companies such as GEICO and Progressive promote their brand names with fancy advertisements and it can be hard to see past the corporate glitz and effectively compare rates to find the best deal.
If you are insured now or need a new policy, you can follow these tips to shop for the lowest rates while maintaining coverages. Choosing the best insurance company for you is not rocket science. Drivers only need an understanding of the best way to shop their coverage around online.
There are a lot of ways to compare auto insurance quotes, but some are less time-consuming than others. You could waste a few hours talking about coverages with agents in your area, or you can utilize the internet to get rates in a matter of minutes.
Most of the best insurance companies belong to an insurance system that enables customers to enter their coverage request one time, and every company returns a competitive quote based on that data. This eliminates the need for quote requests to each company.
To compare rates using this form now click here to open in new window.
The one disadvantage to getting quotes like this is buyers cannot specifically choose which companies you will receive quotes from. So if you prefer to choose specific providers to receive pricing from, we have assembled a list of low cost auto insurance companies in your area. Click to view list.
The approach you take is up to you, just make sure you compare equivalent coverages and limits on every quote you get. If you have differing limits it will be impossible to make a fair rate comparison.
When it comes to buying adequate coverage for your personal vehicles, there really is no perfect coverage plan. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions can aid in determining whether or not you may require specific advice.
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.
Having a good grasp of a insurance policy can be of help when determining the right coverages and proper limits and deductibles. Insurance terms can be difficult to understand and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average insurance policy.
Liability auto insurance
This coverage protects you from damage that occurs to a person or their property that is your fault. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 25/50/25 that means you have a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.
Liability insurance covers things like structural damage, court costs, emergency aid, legal defense fees and medical expenses. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible.
Uninsured or underinsured coverage
This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and also any damage incurred to your Scion FR-S.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Collision coverage protection
This coverage will pay to fix damage to your FR-S resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims such as scraping a guard rail, hitting a parking meter, hitting a mailbox, rolling your car and colliding with a tree. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to save money on collision insurance.
Comprehensive insurance will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like hitting a bird, hail damage, damage from getting keyed, a broken windshield and theft. The maximum amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Medical expense coverage
Med pay and PIP coverage kick in for expenses for pain medications, ambulance fees and EMT expenses. They are utilized in addition to your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and will also cover getting struck while a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay