Searching for the cheapest car insurance rates for your Buick Regal? Are you at wits end from paying out the nose to insure your Buick every month? You are no different than most other consumers.
Consumers have multiple auto insurance companies to choose from, and although it’s a good thing to have a choice, it makes it harder to get the best deal.
Many factors are taken into consideration when you quote your car insurance policy. A few of the factors are predictable like your driving record, although others are not as apparent like your continuous coverage or how financially stable you are.Part of the insurance coverage buying process is learning the factors that help determine your policy premiums. If you understand what controls the rates you pay, this allows you to make good choices that can earn you cheaper rates.
Insurance is neither fun to buy or cheap, but you may find discounts that many people don’t even know exist. Certain reductions will be credited at the time of quoting, but a few need to be specifically requested prior to getting the savings.
As a disclaimer on discounts, most discounts do not apply the the whole policy. Most cut individual premiums such as medical payments or collision. So when the math indicates you could get a free insurance policy, you won’t be that lucky.
Large insurance companies and the discounts they provide are shown below.
It’s a good idea to ask each insurance company which discounts you may be entitled to. Discounts may not apply to policyholders in your area. To choose insurance companies that offer many of these discounts, click here to view.
When it comes to buying the right insurance coverage, there really is no “best” method to buy coverage. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that might help in determining if your situation will benefit from professional help.
If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.
Learning about specific coverages of car insurance can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages available from car insurance companies.
This coverage covers damage to your Regal resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as sustaining damage from a pot hole, rolling your car, scraping a guard rail, crashing into a ditch and driving through your garage door. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.
This pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as vandalism, hitting a bird, falling objects and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Medical expense coverage
Med pay and PIP coverage pay for bills such as doctor visits, ambulance fees, surgery, hospital visits and pain medications. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay
Uninsured or underinsured coverage
This coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Since many 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 is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.
Liability coverage protects you from damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Alternatively, you may have a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability insurance covers things such as repair costs for stationary objects, legal defense fees, repair bills for other people’s vehicles and pain and suffering. How much coverage you buy is your choice, but you should buy as much as you can afford.
More affordable car insurance can be bought from both online companies as well as from insurance agents, so you need to shop insurance coverage with both to have the best rate selection. Some car insurance companies may not offer rates over the internet and many times these small insurance companies provide coverage only through independent agencies.
As you shop your coverage around, it’s a bad idea to reduce coverage to reduce premium. In too many instances, an accident victim reduced comprehensive coverage or liability limits only to find out that it was a big error on their part. Your goal is to purchase a proper amount of coverage for the lowest price while still protecting your assets.
Additional detailed information can be found in these articles: