Are you a victim of high-priced car insurance? It’s a common feeling and many consumers are in the same pinch.
Companies like GEICO, Progressive and Allstate persitently shower you with TV and radio ads and it can be hard to separate fact from fiction and effectively compare rates to find the best deal.
If you currently have car insurance, you will be able to lower your premiums substantially using these techniques. Choosing the best insurance company for you is quite easy. Nevertheless, drivers should learn how companies market insurance on the web because it can help you find the best coverage.
There are multiple methods to compare insurance coverage quotes, but some are less labor-intensive and much quicker. You could spend your day driving to insurance agencies in your area, or you could save time and use the internet to accomplish the same thing much quicker.
All the larger companies are enrolled in a marketplace where prospective buyers enter their policy data once, and each participating company returns a competitive quote. This system prevents you from having to do repetitive form submissions to each individual insurance coverage company.
To access this free quoting program, click here (opens in new window).
The single downside to getting quotes like this is that you can’t choose which companies to receive prices from. So if you prefer to choose individual companies to request quotes from, we have assembled a list of insurance coverage companies in your area. Click to view list.
Compare rates however you want, just be certain you are entering exactly the same deductibles and coverage limits for every company. If each company quotes different values for each quote you will not be able to determine which company has the best rates. Slightly different coverage limits can mean a large discrepancy in price. It’s important to know that obtaining a wide range of quotes helps locate a lower rate than you’re paying now. Some regional insurers cannot provide online quotes, so you should also compare price estimates from them, too.
Some insurers don’t always publicize every possible discount very clearly, so the below list has some of the best known as well as the least known credits available to lower your premiums when you buy auto insurance online.
We need to note that most credits do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like comprehensive or collision. So even though it sounds like all those discounts means the company will pay you, nobody gets a free ride.
A few companies who might offer these discounts include:
When comparing rates, check with every company the best way to save money. Depending on the company, some discounts may not apply to policyholders in your area.
When choosing coverage for your vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different so your insurance should reflect that These are some specific questions could help you determine if your situation would benefit from an agent’s advice.
If you can’t answer these questions, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.
Having a good grasp of your policy aids in choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Below you’ll find typical coverage types found on most car insurance policies.
Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as hitting a bird, damage from getting keyed, damage from flooding, falling objects and damage from a tornado or hurricane. The most a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
This protects you from damage that occurs to other people or property. This insurance protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for claims such as bail bonds, emergency aid, structural damage and repair costs for stationary objects. How much coverage you buy is up to you, but you should buy higher limits if possible.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your Dodge Caravan.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP pay for immediate expenses for things like hospital visits, dental work and doctor visits. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. It covers you and your occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage
Collision coverage protection
Collision insurance pays for damage to your Caravan from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for things such as crashing into a building, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.
We just covered many ideas to save on 1992 Dodge Caravan insurance. The key concept to understand is the more quotes you get, the higher your chance of finding low cost auto insurance. Consumers may even find the best car insurance rates are with a lesser-known regional company. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as State Farm, GEICO and Nationwide.
As you go through the steps to switch your coverage, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many cases where someone sacrificed liability limits or collision coverage only to discover later they didn’t purchase enough coverage. Your goal is to purchase a proper amount of coverage at an affordable rate but still have enough coverage for asset protection.