Are you a victim of an expensive insurance coverage policy? You’re in good company because there are many drivers thinking the same thing. Vehicle owners have many insurance companies to purchase coverage from, and even though it’s nice to have multiple companies, it can be more challenging to locate the cheapest rates.
Finding a better price on insurance is an easy way to save money. The only requirement is to take a couple of minutes to get quotes online from several insurance companies. This can be done in several different ways.
The simplest way to get the best comparison quotes is an all-inclusive rate comparison like this one (opens in new window). This style of form eliminates the need for a different quote for each company you want a rate for. A single, simple form will get you rate comparisons instantly.
A slightly less efficient method to get quotes online is spending the time to visit the website for every company you want to comare and go through the quote process again. For examples sake, we’ll pretend you want to get rates from State Farm, Allstate and Progressive. To get rate quotes you would need to visit each site and type in your information over and over, which is why most consumers use the first method. For a handy list of car insurance company links in your area, click here.
It’s up to you which method you use, but make absolute certain that you use identical quote data on every quote you get. If you are comparing unequal deductibles or liability limits you can’t possibly determine the lowest rate for your Chevy Impala.
Companies offering auto insurance do not list every discount they offer in a way that’s easy to find, so here is a list some of the best known and the harder-to-find discounts that may be available.
Consumers should know that most discounts do not apply to your bottom line cost. Some only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, insurance companies wouldn’t stay in business. But any discount should help lower your overall bill.
Some of the insurance companies that may offer policyholders some of the discounts shown above include:
When comparing rates, check with every company to apply every possible discount. Depending on the company, some discounts may not be offered in every state. If you would like to see a list of insurers who offer free car insurance quotes, click this link.
When it comes to buying the right insurance coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different so this has to be addressed. For instance, these questions could help you determine whether or not you would benefit from professional advice.
If you’re not sure about those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, simply complete this short form or you can also visit this page to select a carrier It is quick, free and can provide invaluable advice.
Having a good grasp of your policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are typical coverages available from insurance companies.
Liability auto insurance
This coverage protects you from damage or injury you incur to other people or property. This insurance protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability insurance covers claims such as attorney fees, funeral expenses, repair bills for other people’s vehicles, legal defense fees and emergency aid. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.
This coverage will pay to fix damage to your Impala from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things such as hitting a mailbox, damaging your car on a curb, sustaining damage from a pot hole and rolling your car. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.
Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like theft, damage from getting keyed, hitting a deer and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance reimburse you for expenses such as nursing services, hospital visits, X-ray expenses, surgery and pain medications. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and also any damage incurred to your Chevy Impala.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time the UM/UIM limits are similar to your liability insurance amounts.