Comparison shopping for cheaper auto insurance is always nearly impossible for drivers who are new to online price comparisons. Because there are so many insurers to choose from, it can easily turn into a real hassle to compare prices.
Consumers should take time to get comparison quotes once or twice a year because prices are constantly changing. Despite the fact that you may have had the best price on 3 Series insurance a year ago there is a good chance you can find better rates now. Forget anything you know (or think you know) about auto insurance because you’re about to learn how to quote online to find better coverage at a better price.
If you currently have car insurance, you should be able to save some money using these methods. The purpose of this article is to instruct you on the most effective way to quote insurance and some tips to save money. But vehicle owners benefit from understanding how the larger insurance companies determine prices and take advantage of how the system works.
There are multiple methods to compare car insurance prices but one way is easier and takes less work. You can spend countless hours talking to insurance agencies in your area, or you could use online quoting to get the quickest rates.
Most of the best insurance companies participate in a marketplace that enables customers to complete one form, and each participating company can provide price quotes for coverage. This system prevents you from having to do quotation requests for every car insurance company.
To enter your information into the quoting system, click here to open in new window.
The one downside to doing it this way is you cannot specify which carriers to get quotes from. So if you want to choose specific insurance companies to receive pricing from, we have assembled a list of the cheapest car insurance companies in your area. View list of insurance companies.
Whichever way you use, be sure you’re using nearly identical quote information for every quote you compare. If the quotes have different coverage information then you won’t be able to decipher which rate is best. Having just a slight variation in insurance coverages or limits may result in large price differences. Just keep in mind that comparing more rates from different companies helps you find lower pricing.
When buying adequate coverage, there is no perfect coverage plan. Every insured’s situation is different.
Here are some questions about coverages that could help you determine if your insurance needs would benefit from professional advice.
If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. To find an agent in your area, complete this form.
Understanding the coverages of a car insurance policy can help you determine the best coverages at the best deductibles and correct limits. Car insurance terms can be ambiguous and coverage can change by endorsement.
Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses for things like EMT expenses, surgery, rehabilitation expenses and pain medications. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay
Coverage for liability – Liability coverage provides protection from damage or injury you incur to people or other property that is your fault. It protects you against other people’s claims. It does not cover your injuries or vehicle damage.
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. You commonly see policy limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.
Liability coverage pays for claims like funeral expenses, court costs, emergency aid, loss of income and legal defense fees. How much liability coverage do you need? That is your choice, but consider buying as much as you can afford.
Collision coverage – This pays for damage to your 3 Series caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things like scraping a guard rail, crashing into a ditch and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to raise the deductible to save money on collision insurance.
Comprehensive coverages – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against things like theft, rock chips in glass, damage from getting keyed, damage from flooding and hitting a bird. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your BMW 3 Series.
Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.