Did you come to the realization that you have an expensive insurance coverage policy? Believe me, many consumers feel financially strained by their insurance coverage policy. Companies like GEICO, Farmers Insurance and State Farm constantly bombard you with TV and radio ads and consumers find it hard to ignore the flying pigs and cute green geckos and take the time to shop coverage around.
Some providers don’t always publicize all disounts in an easy-to-find place, so the list below contains both well-publicized as well as some of the hidden discounts you could be receiving when you buy auto insurance online.
We need to note that most discounts do not apply to the entire cost. Most cut the cost of specific coverages such as collision or personal injury protection. So despite the fact that it appears you can get free auto insurance, it just doesn’t work that way.
A few of the larger companies and their offered discounts are:
When getting a coverage quote, ask every insurance company which credits you are entitled to. Some discounts might not apply in your area. To see insurers that offer many of these discounts, click here.
Consumers need to have an understanding of a few of the rating criteria that help calculate your premiums. If you have a feel for what controls the rates you pay, this allows you to make good choices that can help you get much lower annual insurance costs. Multiple criteria are taken into consideration when you get a price on insurance. Some are obvious such as your driving history, but other factors are not quite as obvious such as your marital status or your vehicle rating.
Shown below are a partial list of the pieces used by insurance companies to determine premiums.
When buying the right insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions may help highlight if your insurance needs will benefit from professional help.
If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.
Drivers constantly see and hear ads for insurance coverage savings by companies like State Farm, GEICO and Progressive. All the ads tend to make the same promise about saving some big amount if you just switch your coverage to them.
How does every insurance coverage company sell you cheaper insurance coverage? Here is the trick they use.
Companies have a preferred profile for the type of driver that earns them a profit. One example of a desirable risk should be over the age of 45, has had continuous coverage, and has a high credit rating. Someone that matches those criteria receive the lowest rate quotes and will also save when switching.
Potential insureds who are not a match for this stringent profile may receive a higher premium and this can result in the customer buying from someone else. The wording the ads use say “people who switch” not “all people who quote” save money. That’s why companies can make the claims of big savings. Because each company has a different risk profile, you need to do a quote comparison often. It’s not possible to predict which insurance companies will have the lowest rates for your situation.
Learning about specific coverages of insurance can help you determine the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages offered by insurance companies.
Liability insurance protects you from damage or injury you incur to other people or property. It protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that translate to a limit of $25,000 per injured person, 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 repair costs for stationary objects, medical services, legal defense fees and pain and suffering. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.
Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as a broken windshield, falling objects, rock chips in glass and damage from getting keyed. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Collision insurance will pay to fix damage to your Riviera caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims such as hitting a parking meter, damaging your car on a curb, colliding with another moving vehicle and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also increase the deductible to bring the cost down.
This gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Personal Injury Protection (PIP) and medical payments coverage kick in for bills like rehabilitation expenses, EMT expenses, chiropractic care, dental work and funeral costs. They can be utilized in addition to your health insurance program or if there is no health insurance coverage. They cover you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and may carry a deductible
We just presented quite a bit of information on how to compare 1991 Buick Riviera insurance premium rates online. The key concept to understand is the more rate comparisons you have, the higher the chance of saving money. You may be surprised to find that the lowest premium rates are with an unexpected company. These companies can often provide lower prices in certain areas compared to the large companies like State Farm, GEICO and Nationwide.
More affordable car insurance can be sourced from both online companies in addition to local insurance agencies, and you need to comparison shop both so you have a total pricing picture. Some car insurance companies don’t offer the ability to get quotes online and many times these small, regional companies only sell through independent agencies.
For more information, take a look at the resources below: