Paying low cost prices for insurance is nearly impossible for drivers not familiar with buying insurance online. With dozens of companies competing online, it can be a difficult challenge to find the perfect company for you.
Performing a rate comparison can be challenging if you don’t know the most efficient way. You can waste hours talking to insurance companies in your area, or you could save time and use the internet to achieve your goal.
Many popular insurance companies belong to an insurance system that enables customers to enter their coverage request one time, and each company can give them a price based on that data. This prevents consumers from doing quote forms to every company. To access this free quoting program, click here to open in new window.
The only drawback to pricing coverage this way is buyers cannot specifically choose the companies you want pricing from. If you would rather choose from a list of companies for rate comparison, we have a listing of low cost car insurance companies in your area. Click to view list.
Whichever way you choose to compare rates, do your best to use exactly the same coverage limits with every price quote. If you enter different coverage information then you won’t be able to determine the best price for your Subaru BRZ. Even a minor difference in coverage limits may result in large price differences. It’s important to know that comparing a large number of companies will increase your chances of finding more affordable insurance. Some insurance companies are not set up to provide online rate quotes, so it’s necessary to compare price estimates from them, too.
Popular insurance providers such as State Farm, Allstate and Geico regularly use ads on television and other media. All the companies make the same claim of big savings just by moving to them. How can each company make almost identical claims? It’s all in the words they use.
Most companies have specific guidelines for a prospective insured they prefer to insure. For example, a profitable risk profile might be described as a married female, has a low-risk occupation, and chooses high deductibles. Anybody who matches those parameters will probably get the lowest prices and as a result will probably save if they switch.
Consumers who do not meet these standards will see a higher premium with the end result being the customer not purchasing. If you listen to the ad wording, they say “people who switch” but not “all drivers who get quotes” can get the lowest rates when switching. That’s why insurance companies can confidently state the savings. Because each company has a different risk profile, you really should quote coverage with many companies. It’s just too difficult to predict which company will have the best rates for your profile.
Car insurance companies do not advertise every disount available in a way that’s easy to find, so we break down both the well known and the harder-to-find credits that may apply to you.
You should keep in mind that most discounts do not apply to the entire policy premium. Most only reduce specific coverage prices like comprehensive or collision. So despite the fact that it appears you would end up receiving a 100% discount, insurance coverage companies aren’t that generous.
To view companies who offer discounts, click here to view.
When choosing proper insurance coverage, there isn’t really a perfect coverage plan. Everyone’s needs are different.
Here are some questions about coverages that can aid in determining if your insurance needs could use an agent’s help.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form.
Learning about specific coverages of your car insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Policy terminology can be impossible to understand and coverage can change by endorsement.
Uninsured/Underinsured Motorist (UM/UIM) – This coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as damage to your Subaru BRZ.
Since many 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 is a good idea.
Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers things such as fire damage, a tree branch falling on your vehicle and hitting a deer. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses such as rehabilitation expenses, dental work and surgery. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage
Collision coverages – This pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as sustaining damage from a pot hole, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.
Liability coverage – This can cover injuries or damage you cause to a person or their property in an accident. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.
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 means a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability coverage protects against claims like funeral expenses, bail bonds, pain and suffering, legal defense fees and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.
While you’re price shopping online, make sure you don’t reduce needed coverages to save money. There are many occasions where an insured cut physical damage coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your goal should be to get the best coverage possible at the best cost, but do not skimp to save money.
Budget-friendly auto insurance is definitely available from both online companies and from local insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies may not provide the ability to get a quote online and these regional carriers prefer to sell through independent insurance agents.
Drivers leave their current company for many reasons like high rates after DUI convictions, not issuing a premium refund, delays in paying claims and extreme rates for teen drivers. Whatever your reason, finding a great new company is easier than you think.
Well-written and thought out article. I live in Rapid City, SD. Got prices from Allstate, Eastwood, and Hanover for my BRZ and saved $156 a year. It never hurts to quote around.
I live just to the north of Frederick, Maryland. Checked online prices for a 2018 Subaru BRZ. Ended up at about $420 savings annually. Went with GEICO. Left American Family to switch.
I’m from Parkersburg, West Virginia. Quoted quotes with Amica, Safeco, and a few others for my BRZ and cut my rates about $200 a year.