Feel like you’re a prisoner to overpriced insurance? Say no more because there are many people just like you.
Due to the large number of insurance companies to choose from, it is hard for the average consumer to choose the lowest price insurance company.
You should make it a habit to get comparison quotes once or twice a year because insurance prices are adjusted regularly by insurance companies. Just because you found the best deal on GranTurismo Convertible insurance two years ago other companies may now be cheaper. You can search a lot of insurance out there, but by reading this article, you’re going to learn the best ways to slash your insurance rates.
Lots of things are taken into consideration when quoting car insurance. Some factors are common sense such as your driving history, but other criteria are not as apparent like your vehicle usage or your financial responsibility.
Insurance is easily one of your largest bills, but there may be some discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically at the time you complete a quote, but some must be asked about prior to getting the savings.
As a footnote on discounts, most discounts do not apply to the overall cost of the policy. Most only apply to individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, it doesn’t quite work that way.
Large insurance companies and a summarized list of policyholder discounts include:
When comparing rates, check with every insurance company to give you their best rates. Depending on the company, some discounts might not be offered on policies in your area. If you would like to view insurance companies that have a full spectrum of discounts, click this link.
When it comes to choosing proper insurance coverage, there really is no perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For instance, these questions may help you determine whether or not you would benefit from an agent’s advice.
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an agent. To find lower rates from a local agent, complete this form or click here for a list of insurance coverage companies in your area.
Knowing the specifics of your policy can help you determine the best coverages for your vehicles. Insurance terms can be impossible to understand and reading a policy is terribly boring. Shown next are the usual coverages found on most insurance policies.
This coverage can cover damage or injury you incur to people or other property in an accident. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.
Liability can pay for things like pain and suffering, medical expenses and medical services. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance reimburse you for expenses for things like funeral costs, nursing services, doctor visits and prosthetic devices. They are often used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Comprehensive coverage (or Other than Collision)
This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like vandalism, hail damage, hitting a deer and damage from flooding. 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 removing comprehensive coverage.
This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as backing into a parked car, hitting a mailbox and sustaining damage from a pot hole. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible to bring the cost down.
Uninsured Motorist or Underinsured Motorist insurance
This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Maserati GranTurismo Convertible.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.
Low-cost 2016 Maserati GranTurismo Convertible insurance is available both online in addition to many insurance agents, so you should be comparing quotes from both to have the best rate selection. Some insurance providers may not provide rate quotes online and most of the time these regional carriers prefer to sell through local independent agents.
When trying to cut insurance costs, you should never skimp on coverage in order to save money. In many instances, an insured dropped full coverage only to find out that it was a big error on their part. The ultimate goal is to find the BEST coverage for the lowest price but still have enough coverage for asset protection.
Much more information about insurance coverage can be read at the links below
Here’s my info. From north side of Rio Rancho, NM. Don’t remember every company but I ended up saving about $50 each month. Insured with State Farm before. Thankfully I’m not a high risk driver. They were helpful in switching over.
I live just outside Tulsa, Oklahoma. Quoted quotes with Amica, Esurance, and Nationwide for my Maserati and saved around $310 a year. Not sure if rates are cheaper online or through an agent.
Progressive and State Farm had the best prices I found in West Virginia.
Cheap is not always the best policy. Checking in from Nashville, Tennessee. Quoted quotes with AIG Insurance, Esurance, and MetLife for my GranTurismo Convertible and saved just over $190 a year.
Just a quick comment on my experience. I live in a small town just outside of Houston, TX. I compared lots of rates. Saved roughly $20 a month. State Farm was the cheapest option for me. Insured with Farmers before. :)
Well-written and thought out article. Went with MetLife for my GranTurismo Convertible and saved around $480 a year. Insured with GEICO before. I got a quote from their website.
Live in the western part of Fargo, ND. Compared quite a few companies. Saved roughly $20 a month. Allstate was the cheapest for me. I have a couple other vehicles on the policy.
Does Progressive have good claim service?
I compared a lot of rate quotes for a 2016 Maserati GranTurismo Convertible in Virginia Beach, VA. Ended up at right around $310 every six months with AIG Insurance. Was with AIG Insurance. Still almost need a second mortgage.
Affordable car insurance is a myth. I’m in the south part of Charlotte, North Carolina. I got free quotes with Progressive, The General, and Erie for my Maserati and saved just over $330 a year. I got a quote from their website.
Nice post. Got a quote with Travelers for my Maserati and saved around $120 a year. Insured with Hanover before.
Anyone buy from American Family? I’m in Birmingham, Alabama.
Cheap car insurance? What’s that? I live on the south side of Aberdeen, SD. I got free prices from AAA, Nationwide, and a few others for my 2016 Maserati GranTurismo Convertible and saved just over $490 a year. Bought it from an online quote.
Good detail in your article. Lifelong resident of Rutland, VT. Received rates from Western Auto Insurance, AAA, Hanover, and Safeco for my GranTurismo Convertible and saved $445 a year. Left Hanover to switch. Moved home policy as well.