Trying to find cheaper insurance rates for your Dodge Viper? Nobody I know is fond of buying insurance, especially knowing they could find better prices if they shop around. Many car insurance companies vie for your business, so it’s not easy to compare every insurance company and get the definite lowest price
Consumers should take time to do rate comparisons on a regular basis since prices are constantly changing. Despite the fact that you may have had the lowest rate on Viper coverage six months ago there may be better deals available now. You can find a lot of misleading information regarding insurance online, but in a few minutes you can learn some great ideas on how to put money back in your pocket.
If you are insured now or are shopping for new coverage, you can use these techniques to cut your premiums and possibly find even better coverage. Finding affordable coverage is not rocket science. Drivers just need to know the tricks to get comparison quotes over the internet.
The method we recommend to compare rate quotes is to know auto insurance companies will pay a fee to give rate comparisons. To begin a comparison, all you need to do is spend a couple of minutes providing details such as the type of vehicles you drive, how your vehicles are used, if it has an alarm system, and how many miles driven. Those rating factors is then sent to insurance companies and you should receive rate quotes very quickly.
Companies do not advertise every discount in a way that’s easy to find, so we researched both well-publicized and also the more inconspicuous savings tricks you should be using when you buy auto insurance online.
A little disclaimer on discounts, most credits do not apply to the entire policy premium. Most only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, that’s just not realistic.
Large insurance companies and some of their more popular discounts are shown below.
Before purchasing a policy, check with each insurance company to give you their best rates. Some of the discounts discussed earlier may not be offered in your area. To see a list of companies that offer the discounts shown above, click here.
Smart consumers have a good feel for a few of the rating criteria that help calculate insurance rates. If you understand what controls the rates you pay, this allows you to make good choices that may reward you with cheaper rates. Many factors are part of the calculation when pricing auto insurance. A few of the factors are predictable such as traffic violations, but others are more transparent such as whether you are married or your financial responsibility.
Shown below are a partial list of the pieces used by companies to determine your rate level.
When choosing the best insurance coverage for your personal vehicles, there is no cookie cutter policy. Each situation is unique so your insurance needs to address that. For example, these questions can help discover if you will benefit from professional help.
If you don’t know the answers to these questions, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies. It is quick, free and can help protect your family.
Drivers can’t ignore all the ads for the lowest price car insurance by 21st Century, Allstate and State Farm. All the ads have a common claim that drivers will save a bundle after switching your policy.
That’s great but how can every company give you a lower rate? Just pay attention to how they say it.
All companies have underwriting criteria for the type of customer that earns them the highest profit. For example, this type of insured could be over the age of 35, has a low-risk occupation, and drives a lower-performance vehicle. Anybody that matches those criteria will get the preferred auto insurance rates and is almost guaranteed to save money with a new company.
Insureds who don’t measure up to the “perfect” profile will see a higher rate and ends up with the customer buying from someone else. The wording the ads use say “people that switch” but not “all drivers who get quotes” can get the lowest rates when switching. That’s why companies can make those statements. Each company has different criteria, so drivers must do a rate comparison at every renewal. Because you never know the company that will provide you with the cheapest prices.
Understanding the coverages of your insurance policy can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement. Shown next are the usual coverages found on the average insurance policy.
Collision coverage protection
This pays for damage to your Viper resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things such as sideswiping another vehicle, crashing into a building, hitting a parking meter, rolling your car and driving through your garage door. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family and also any damage incurred to your 1994 Dodge Viper.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like hospital visits, surgery, funeral costs, chiropractic care and ambulance fees. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Liability coverage can cover damage that occurs to other’s property or people. It protects YOU against other people’s claims. Liability doesn’t cover 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. You might see liability limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.
Liability insurance covers claims like attorney fees, court costs, legal defense fees and medical services. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.
Comprehensive auto coverage
Comprehensive insurance coverage covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as rock chips in glass, theft and fire damage. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
As you go through the steps to switch your coverage, it’s very important that you do not sacrifice coverage to reduce premiums. In too many instances, an accident victim reduced collision coverage to discover at claim time that it was a big error on their part. Your aim should be to buy a smart amount of coverage for the lowest cost but still have enough coverage for asset protection.
Some insurance companies may not offer online quoting small, regional companies sell through independent agents. Low-cost 1994 Dodge Viper insurance is definitely available both online in addition to local insurance agencies, so compare prices from both in order to have the best chance of saving money.
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