Did a good deal turn out to be an overpriced insurance policy? Don’t feel bad because there are a lot of people just like you who feel imprisoned by their insurance policy. Big-name insurance companies like State Farm and GEICO increase brand awareness with advertising and it is challenging if not impossible to see past the corporate glitz and do the work needed to find the best deal.
Insuring your fleet can be pricey, but you might already qualify for some discounts to help offset the cost. Most are applied at the time of purchase, but a few must be manually applied before they will apply.
Discounts lower rates, but most credits do not apply to the entire policy premium. A few only apply to specific coverage prices like liability and collision coverage. Just because it seems like you can get free auto insurance, you’re out of luck.
A list of companies and the discounts they provide are:
When quoting, ask each company or agent which discounts can lower your rates. All car insurance discounts may not apply to policies in your state.
Getting a cheap price on 1993 Ford Probe insurance is a fairly straight forward process. You just need to spend a few minutes on the computer to get quotes to find out which insurance company has the cheapest auto insurance quotes. It’s really simple and can be done in a couple of different ways.
For a list of companies in your area, click here.
Which method you use is up to you, but ensure you’re using exactly the same coverage limits and deductibles for each comparison quote. If you use different coverage information you will not be able to determine which rate is truly the best.
A large part of saving on car insurance is knowing a few of the rating criteria that help calculate your premiums. When consumers understand what positively or negatively impacts your premiums, this enables informed choices that can help you get lower car insurance prices.
The itemized list below are some of the most common factors used by your company to calculate prices.
When it comes to choosing proper insurance coverage for your vehicles, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions may help you determine if your situation may require specific advice.
If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It is quick, free and can help protect your family.
Consumers can’t get away from all the ads that claim the cheapest prices by companies like State Farm and Allstate. They all seem to seem to make the promise that drivers will save a bundle if you just switch to their company.
How do they all charge you a lower premium? Just pay attention to how they say it.
All companies have a certain “appetite” for the type of insured that is profitable for them. For instance, this type of insured could be over age 30, has no claims, and the vehicle is rated for pleasure use. Any driver who matches those parameters will get low rates and most likely will pay quite a bit less when switching companies.
Consumers who are not a match for the “perfect” profile will get more expensive rates and business going elsewhere. If you listen closely, the ads state “drivers who switch” but not “all drivers who get quotes” can save as much as they claim. This is how insurance companies can confidently make those statements. This emphasizes why you need to get auto insurance quotes from several different companies. It is impossible to guess which company will be your best fit.
Understanding the coverages of a car insurance policy aids in choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. These are the normal coverages found on most car insurance policies.
Collision coverages – Collision insurance will pay to fix damage to your Probe caused by collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for claims like sustaining damage from a pot hole, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.
Comprehensive coverage – This coverage pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims like hail damage, damage from getting keyed, hitting a bird, rock chips in glass and hitting a deer. The maximum amount your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Ford Probe.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for dental work, nursing services, ambulance fees and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
Liability car insurance – This coverage will cover damage that occurs to a person or their property that is your fault. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
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 50/100/50 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.
Liability can pay for things like medical services, legal defense fees and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as high a limit as you can afford.
When you buy auto insurance online, never buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced full coverage and discovered at claim time they didn’t have enough coverage. Your strategy should be to purchase a proper amount of coverage for the lowest cost, but do not skimp to save money.
Budget-friendly car insurance can be purchased online as well as from independent agents, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who do not offer rate quotes online and these smaller providers only sell coverage through independent agents.