Having to pay for overpriced car insurance can deplete your personal savings and possibly require you to analyze your spending habits.
Big companies like Allstate, Liberty Mutual and State Farm promote their brand names with TV and radio ads and it can be hard to not get sucked in by the cute commercials and effectively compare rates to find the best deal.
You should make it a habit to check car insurance prices quite often because prices go up and down regularly. Just because you had the lowest rate for Prius v coverage two years ago a different company probably has better premium rates today. There is too much inaccurate information about car insurance online, but you can learn some solid techniques on how to quit paying high car insurance rates.
Most of the larger companies make it easy to get coverage prices direct online. Getting quotes is quite simple as you simply enter the coverage amounts you desire as detailed in the form. After the form is submitted, their system automatically retrieves information on your driving record and credit history and generates pricing information based on the data you entered. This makes it simple to compare prices but having to visit multiple sites and type in the same information is repetitive and time-consuming. But it’s also necessary to get many rate quotes in order to find the best price possible.
Quote rates the easy way
The quickest way to lower your insurance bill uses one simple form to obtain quotes from more than one company. It saves time, eliminates form submissions, and makes online price comparison much simpler. As soon as you send your information, it gets priced and you can select any of the quote results. If you find a better price you can simply submit the application and buy the new coverage. This process takes less than 15 minutes and you will know how your current rates stack up.
To quickly fill out one form to compare multiple rates now, click here to open in a new tab and submit the form. If you have a policy now, it’s recommended you replicate coverages and limits identical to your current policy. This ensures you will get rate comparison quotes for similar insurance coverage.
When it comes to buying coverage, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions may help highlight if your insurance needs may require specific advice.
If you’re not sure about those questions but a few of them apply then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area.
Having a good grasp of car insurance can be of help when determining the right coverages and the correct deductibles and limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by car insurance companies.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses like ambulance fees, nursing services, EMT expenses and funeral costs. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as damage from flooding, hitting a deer, rock chips in glass and damage from a tornado or hurricane. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
This provides protection from damage or injury you incur to other people or property in an accident. It protects YOU against claims from other people. Liability doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability coverage protects against things such as loss of income, medical services, repair costs for stationary objects and court costs. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.
Uninsured and underinsured coverage
This coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.
Collision coverage protection
Collision coverage will pay to fix damage to your Prius v resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for things like crashing into a building, crashing into a ditch and rolling your car. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to increase the deductible in order to get cheaper collision rates.
I’m in Springfield, MO. Went online for free insurance quotes for a 2017 Toyota Prius v. Ended up at about $250 savings annually. Went with State Farm. Insured with GMAC before. Still almost need a second mortgage.
I’m in the west part of Little Rock, AR. Not sure of all the companies but I ended up saving about $50 each month. Left Esurance to switch. Have a couple speeding tickets too.
I’m in the west part of Tucson, AZ. I got free quotes from 21st Century, The General, and Erie for my Toyota and saved just over $500 a year. Insured with Nationwide before. I get multi-vehicle and multi-policy discounts. :P
Live in the southern part of Jacksonville, FL. Quoted prices online for a 2017 Toyota Prius v. Ended up at about $180 savings annually. Went with GEICO. Left Encompass to switch. Just waiting to see how claims go.
It’s all a rip off. From northwest of Worcester, MA. Not sure of all the companies but I ended up saving about $70 each month. God forbid I actually have a claim.
Live in the southern part of Jersey City, NJ. I got free quotes with GEICO, AIG Insurance, and some I forget for my 2017 Toyota Prius v and am saving around $150 a year. Left Farmers to switch. I think they have home insurance too. Not sure about claim service.
I live in Cranston, Rhode Island. I quoted with USAA, AAA, The General, and Sentry for my Prius v and I think I am saving around $60 each month. I have a teen driver too. Still almost need a second mortgage.
I think I’m paying too much. I live in a small town just outside of Henderson, Nevada. Got prices from AAA, Safeco, and a few others for my 2017 Toyota Prius v and am saving around $430 a year.
Is GEICO or State Farm cheaper in Huntington, WV?
IT’S ALL TOO EXPENSIVE! Located in Dallas, TX. Checked online prices for a 2017 Toyota Prius v. Ended up at about $130 savings annually. Went with State Farm. :P
Nice info. I’m in the south part of Mesa, Arizona. Compared quite a few companies. Saved right around $50 a month. Progressive was the best choice for me. Insured with GMAC before.