Overwhelmed by the crazy number of car insurance sources that you can choose from? Drivers have so many options that it can easily turn into a challenge to find the perfect company for you.
If you currently have car insurance, you will be able to lower your premiums substantially using this strategy. Buying cheaper coverage is quite easy. Although car owners must learn how the larger insurance companies determine prices because it can help you find the best coverage.
Effectively comparing insurance coverage prices can take hours if you don’t utilize the fastest way to get free quotes. You can waste hours discussing policy coverages with insurance agencies in your area, or you can stay home and use online quotes to maximize your effort.
Most of the larger companies enroll in a system where prospective buyers submit one quote, and each company then gives them pricing based on the submitted data. This eliminates the need for repetitive form submissions for each company.
To use this form to compare rates click here (opens in new window).
One minor caviat to using this type of form is buyers cannot specifically choose which companies you will receive quotes from. So if you prefer to pick specific insurance companies to compare rates, we have assembled a list of companies who write insurance coverage in your area. Click to view list.
However you get your quotes, make sure you use apples-to-apples coverage limits for each quote you get. If you have different liability limits it will be next to impossible to determine which rate is truly the best. Having just a slight variation in limits may cause a big price difference. And when comparing insurance coverage rates, know that making a lot of price comparisons will increase your chances of finding a better price.
When it comes to choosing the right insurance coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s situation is a little different.
For example, these questions could help you determine whether or not you might need professional guidance.
If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form.
Having a good grasp of your policy can be of help when determining which coverages you need at the best deductibles and correct limits. Policy terminology can be difficult to understand and coverage can change by endorsement.
Uninsured or underinsured coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Mazda MX-5 Miata.
Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Liability insurance – Liability insurance can cover damage or injury you incur to people or other property in an accident. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 which means a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.
Liability coverage pays for things like repair bills for other people’s vehicles, attorney fees, emergency aid, funeral expenses and court costs. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.
Collision – Collision insurance pays for damage to your MX-5 Miata resulting from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers things like scraping a guard rail, sustaining damage from a pot hole and crashing into a building. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible to save money on collision insurance.
Medical expense coverage – Med pay and PIP coverage pay for bills for things like hospital visits, nursing services and EMT expenses. They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage
Comprehensive protection – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as vandalism, damage from getting keyed, damage from flooding, hitting a bird and theft. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.