Are you burned out from paying out the nose to pay insurance coverage each month? You’re in the same situation as most other vehicle owners. Many insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates to find the absolute lowest price
If you have a current insurance policy or are looking for a new policy, you can use these techniques to find better prices while maintaining coverages. Finding the best rates is easy if you know what you’re doing. Vehicle owners just need to understand the most effective way to compare prices on the web.
Effectively comparing auto insurance prices can be exhausting if you aren’t aware of the most efficient way. You can spend your afternoon talking about coverages with insurance agencies in your area, or you can stay home and use the web to maximize your effort.
Many of the larger companies participate in an industry program where prospective buyers enter their policy data once, and each company can provide price quotes determined by their information. This saves time by eliminating repetitive form submissions for each company.
To compare pricing click here (opens in new window).
The only drawback to pricing coverage this way is you don’t know exactly the insurers you want to price. So if you prefer to pick from a list of companies to receive pricing from, we have a page of auto insurance companies in your area. Click here to view list.
It’s up to you which method you use, but ensure you’re using equivalent quote data on every quote you get. If you have mixed coverages it will be impossible to determine the best price for your FIAT 500.
Auto insurance is not an enjoyable expense, but discounts can save money and there are some available that may help make it more affordable. Larger premium reductions will be automatically applied at quote time, but a few must be specifically requested in order for you to get them. If you check and find you aren’t receiving every discount possible, you could be saving more on your auto insurance.
Just know that most credits do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. So even though you would think you would end up receiving a 100% discount, auto insurance companies aren’t that generous.
Some of the larger companies that have these benefits possibly include:
Double check with each insurance company which discounts you qualify for. Depending on the company, some discounts may not be offered in your area. For a list of auto insurance companies that offer multiple discounts, click here.
When buying coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s needs are different so your insurance should reflect that For example, these questions may help you determine if your situation may require specific advice.
If it’s difficult to answer those questions but you know they apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It is quick, free and may give you better protection.
Learning about specific coverages of your policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages offered by insurance companies.
Medical payments and Personal Injury Protection insurance pay for expenses such as ambulance fees, pain medications and funeral costs. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers you and your occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your 2016 FIAT 500.
Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
This coverage protects you from damage that occurs to a person or their property. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.
Liability coverage protects against things like repair bills for other people’s vehicles, structural damage, emergency aid, pain and suffering and bail bonds. How much liability coverage do you need? That is a personal decision, but consider buying as large an amount as possible.
Collision insurance pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like colliding with a tree, scraping a guard rail and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.
Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like damage from a tornado or hurricane, rock chips in glass, hitting a bird, falling objects and theft. The most your insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.