Are you burned out from not being able to scrape enough together to make your auto insurance payment? You are no different than most other people.
Numerous car insurance companies battle for your hard-earned dollar, and it can be difficult to compare rates to find the absolute best price available.
You need to take a look at other company’s rates as often as possible since prices go up and down regularly. Even if you got the best deal for RC 300 insurance last year other companies may now be cheaper. There are lots of tips to save on auto insurance out there, but we’re going to give you some of the best techniques to find affordable auto insurance.
When shopping for the cheapest insurance coverage quotes, there are a couple of ways to compare prices from local insurance companies. By far the easiest way to do a complete rate comparison consists of obtaining rate quotes online. This can be done in a couple minutes as outlined below.
Compare rates however you want, just make sure you are using exactly the same coverage information on every price quote you get. If you use higher or lower deductibles it will be next to impossible to make a fair comparison for your Lexus RC 300. Having just a slight variation in insurance coverages may result in large price differences. And when comparison shopping, quoting more helps locate lower pricing.
Insuring your fleet can be pricey, but you may find discounts to reduce the price significantly. Certain discounts will be triggered automatically at the time of quoting, but some may not be applied and must be manually applied before being credited.
While discounts sound great, it’s important to understand that some of the credits will not apply the the whole policy. Most only cut individual premiums such as comp or med pay. If you do the math and it seems like you can get free auto insurance, that’s just not realistic.
For a list of car insurance companies that offer the discounts shown above, follow this link.
When buying the best insurance coverage, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that might point out whether or not you might need professional guidance.
If you can’t answer these questions but a few of them apply then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance companies in your area.
Having a good grasp of your auto insurance policy can help you determine the best coverages for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Listed below are the usual coverages found on most auto insurance policies.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as funeral costs, surgery, EMT expenses and chiropractic care. They are used in conjunction with a health insurance policy or if you do not have health coverage. They cover you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like vandalism, fire damage, hitting a deer and a broken windshield. The maximum amount your auto insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Collision coverage protection
Collision insurance pays for damage to your RC 300 from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers things like backing into a parked car, colliding with another moving vehicle and rolling your car. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Another option is to choose a higher deductible to save money on collision insurance.
Uninsured Motorist or Underinsured Motorist insurance
This coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as damage to your Lexus RC 300.
Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Auto liability insurance
This coverage protects you from damage or injury you incur to a person or their property that is your fault. It protects you from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit and claims can be made without the split limit restrictions.
Liability insurance covers things like emergency aid, loss of income, structural damage and bail bonds. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.