No normal person is fond of buying auto insurance, especially when they know it costs too dang much.
Popular companies such as State Farm, GEICO and Farmers Insurance continually hit you with fancy advertisements and it is challenging if not impossible to ignore the flashy ads and find the best price available.
Consumers should take time to do price comparisons at least once a year since insurance prices tend to go up over time. Just because you found the best price on Grand Cherokee insurance a few years ago there may be better deals available now. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to one of the easiest ways to buy cheaper auto insurance.
Companies do not advertise all disounts very clearly, so we took the time to find a few of the more common and also the lesser-known insurance savings.
It’s important to understand that most discount credits are not given to the overall cost of the policy. Some only reduce individual premiums such as physical damage coverage or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, it doesn’t quite work that way.
Insurance companies that may offer these discounts include:
It’s a good idea to ask each insurance company to give you their best rates. All car insurance discounts may not be available in your state.
Companies like 21st Century, Allstate and State Farm seem to constantly run ads on television and other media. They all make the point about savings if you move to them. But how can every company sell you cheaper insurance coverage? Just pay attention to how they say it.
All the different companies give the best rates for the type of insured that makes them money. For example, a profitable insured could be between the ages of 30 and 50, has a clear driving record, and drives less than 5,000 miles a year. A customer getting a price quote that matches those criteria gets the lowest premium rates and is almost guaranteed to cut their rates substantially.
People who do not match the requirements will be charged more expensive rates and this can result in business going elsewhere. The ad wording is “drivers who switch” but not “everyone who gets a quote” save the amount stated. That’s why insurance companies can confidently make those claims. Because of this risk profiling, you really should do a quote comparison often. It is just not possible to predict which auto insurance company will have better premium rates than you’re paying now.
When it comes to buying the right insurance coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is unique and your policy should reflect that. For example, these questions can aid in determining if you will benefit from professional help.
If you can’t answer these questions but one or more may apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area.
Having a good grasp of your policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverages offered by insurance companies.
Your UM/UIM coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.
Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for things like nursing services, rehabilitation expenses, chiropractic care, dental work and funeral costs. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover getting struck while a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage
This coverage will pay to fix damage to your Grand Cherokee from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision coverage protects against things such as damaging your car on a curb, driving through your garage door, crashing into a ditch, hitting a mailbox and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. It’s also possible to raise the deductible to bring the cost down.
Liability insurance will cover damage that occurs to other people or property by causing an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability can pay for claims like repair bills for other people’s vehicles, funeral expenses, emergency aid and medical services. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as hail damage, vandalism, damage from getting keyed and falling objects. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
As you quote insurance, you should never sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced physical damage coverage and learned later that the savings was not a smart move. The proper strategy is to purchase plenty of coverage for the lowest cost, not the least amount of coverage.
In this article, we presented quite a bit of information on how to save on 1993 Jeep Grand Cherokee insurance. The key concept to understand is the more times you quote, the higher your chance of finding low cost insurance. Consumers may even find the most savings is with some of the lesser-known companies. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like State Farm, GEICO and Nationwide.
More information is located on the following sites: