Are you drained from being strong-armed each month for insurance? Your situation is no different than millions of other people.
Since you have so many companies to choose from, it can be diffult for drivers to choose the lowest cost insurance company.
Smart consumers take time to do rate comparisons once or twice a year because insurance prices tend to go up over time. Despite the fact that you may have had the lowest price for SLC-Class insurance two years ago other companies may now be cheaper. Block out anything you think you know about insurance because it’s time to teach you the fastest way to find lower rates on insurance.
Companies that sell car insurance don’t always publicize every discount very well, so below is a list a few of the more common and also the lesser-known discounts that may be available.
One last thing about discounts, most discount credits are not given to the entire cost. Most cut the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
A few popular companies and the discounts they provide are included below.
Before purchasing a policy, check with each company the best way to save money. Some discounts listed above may not be offered in your area. To find insurance companies that offer multiple discounts, click here.
All the larger auto insurance companies make it easy to get prices for coverage online. Getting prices online is fairly straightforward as you simply enter the coverages you want into a form. Behind the scenes, their system sends out for credit information and your driving record and generates a price. Online quotes makes it a lot easier to compare rates but the work required to visit a lot of sites and complete many quote forms is a waste of time. But it’s absolutely necessary to get many rate quotes in order to find the best price possible.
The smarter way to lower your rates is to use a quote form that gets price quotes from a bunch of companies at once. This type of form saves time, requires less work, and makes online quotes much easier. Immediately after submitting the form, it is quoted and you are able to buy any one of the quotes returned. If the quotes result in lower rates, you simply finish the application and purchase the new policy. The entire process can be completed in a matter of minutes and may save quite a bit of money.
If you want to compare pricing, click here and enter your vehicle and coverage information. If you currently have coverage, we recommend you type in the limits and deductibles exactly as they are listed on your policy. Doing this guarantees you will get a fair comparison based on the exact same insurance coverage.
When buying adequate coverage, there isn’t really a cookie cutter policy. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions might help in determining whether or not you might need professional guidance.
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.
Having a good grasp of your policy helps when choosing the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the normal coverages offered by insurance companies.
Collision – Collision insurance covers damage to your SLC-Class resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as crashing into a ditch, damaging your car on a curb, rolling your car, sideswiping another vehicle and hitting a mailbox. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.
Liability – Liability insurance will cover damage that occurs to people or other property. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.
Liability can pay for claims like repair bills for other people’s vehicles, medical services and repair costs for stationary objects. How much coverage you buy is a personal decision, but buy higher limits if possible.
Comprehensive insurance – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things such as rock chips in glass, hitting a bird, damage from a tornado or hurricane and falling objects. The most a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Uninsured/Underinsured Motorist (UM/UIM) – This provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as damage to your Mercedes-Benz SLC-Class.
Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for short-term medical expenses like surgery, dental work, hospital visits and nursing services. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers you and your occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage
Lower-priced insurance can be bought both online and also from your neighborhood agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who may not have the ability to get a quote online and these smaller providers provide coverage only through local independent agencies.
When you buy auto insurance online, do not reduce coverage to reduce premium. Too many times, consumers will sacrifice physical damage coverage only to find out they didn’t purchase enough coverage. Your goal is to purchase plenty of coverage at the lowest possible cost, but do not skimp to save money.
Additional detailed information can be found in the articles below: