Did a good deal turn out to be an overpriced insurance policy? Believe me when I say many drivers feel the same as you. Companies like State Farm, GEICO and Farmers Insurance all promote huge savings with advertising and it is challenging if not impossible to not get sucked in by the cute commercials and take the time to shop coverage around.
The quickest way to compare insurance rates in your area is to take advantage of the fact all the major auto insurance companies participate in online systems to give you rate quotes. To start a quote, the only thing you need to do is provide a little information such as the year, make and model of vehicles, an estimate of your credit level, whether you are married, and how you use your vehicles. Your information is submitted instantly to all major companies and you receive quotes immediately.
If you would like to start a quote now, click here then complete the form.
Some insurance providers don’t always advertise every discount very clearly, so the list below gives a summary of a few of the more well known and the more hidden credits available to lower your premiums when you buy auto insurance online. If you don’t get every credit you deserve, you could be getting lower rates.
Keep in mind that some credits don’t apply to the entire policy premium. Some only apply to the cost of specific coverages such as comp or med pay. Despite the appearance that you would end up receiving a 100% discount, companies wouldn’t make money that way.
A list of companies and some of their more popular discounts are outlined below.
Double check with all companies you are considering which credits you are entitled to. A few discounts may not apply everywhere.
When it comes to choosing proper insurance coverage for your vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions may help highlight whether your personal situation would benefit from professional advice.
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. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, free and can provide invaluable advice.
Understanding the coverages of your policy aids in choosing appropriate coverage for your vehicles. Car insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverages found on most car insurance policies.
Collision – This covers damage to your 3000GT from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things like colliding with a tree, rolling your car, driving through your garage door and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.
Liability coverages – This protects you from injuries or damage you cause to a person or their property in an accident. This insurance protects YOU against claims from other people. It does not 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 commonly see liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, $100,000 for the entire accident, and property damage coverage for $50,000.
Liability insurance covers things like bail bonds, loss of income, attorney fees and medical expenses. The amount of liability coverage you purchase is up to you, but consider buying as high a limit as you can afford.
Comprehensive or Other Than Collision – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims like damage from flooding, damage from a tornado or hurricane, a broken windshield and vandalism. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Medical costs insurance – Med pay and PIP coverage kick in for bills like EMT expenses, X-ray expenses and hospital visits. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
UM/UIM Coverage – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries and also any damage incurred to your Mitsubishi 3000GT.
Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.