Do you think you bought an overpriced insurance coverage policy? You’re in good company because you’re not alone. Companies like Allstate and Progressive persitently shower you with ads and consumers find it hard to see past the corporate glitz and take the time to shop coverage around.
If you have a current car insurance policy or need new coverage, you will benefit by learning to reduce the price you pay and possibly find even better coverage. Buying car insurance is not rocket science. Consumers only need an understanding of the tricks to shop for car insurance on the web.
There are a variety of methods you can shop for car insurance but one way is less labor-intensive and much quicker. You can waste a few hours (or days) talking to local insurance agents in your area, or you could save time and use online quoting to maximize your effort.
Most major companies take part in a program that allows shoppers to send in one quote, and every company returns a competitive quote for coverage. This system prevents you from having to do quote requests for every car insurance company.
To find out how much you can save on car insurance click to open in new window.
The only drawback to using this type of form is that you can’t choose the providers to get quotes from. If you would rather choose specific insurance companies to compare prices, we have a page of car insurance companies in your area. View list of insurance companies.
It’s up to you which method you use, but try to use identical quote information for every quote you compare. If you have different limits and deductibles on each one it will be very difficult to make a fair rate comparison.
Car insurance companies don’t always advertise the entire discount list very well, so the list below contains both the well known as well as the least known ways to save on insurance.
Keep in mind that most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So when the math indicates you would end up receiving a 100% discount, insurance companies wouldn’t stay in business. Any qualifying discounts should definitely cut your policy premiums.
A few companies that may have many of the previously listed discounts include:
Double check with every prospective company how you can save money. All car insurance discounts might not apply in your state. To locate insurers who offer free insurance quotes, follow this link.
When buying the right insurance coverage for your vehicles, there isn’t really a one size fits all plan. Everyone’s situation is a little different so your insurance should reflect that These are some specific questions might point out whether your personal situation might need an agent’s assistance.
If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can provide invaluable advice.
One of the most helpful ways to save on insurance is to to have a grasp of some of the elements that come into play when calculating your premiums. When you know what positively or negatively influences your rates, this empowers consumers to make smart changes that can earn you lower premium levels. Lots of factors are part of the equation when you get your auto insurance bill. Some factors are common sense such as your driving record, but other criteria are more obscure such as your marital status or your vehicle rating.
Knowing the specifics of a auto insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are the usual coverages found on most auto insurance policies.
Liability auto insurance – This coverage will cover damage that occurs to a person or their property that is your fault. This insurance protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and property damage coverage for $50,000. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.
Liability can pay for claims like structural damage, emergency aid and funeral expenses. How much coverage you buy is your choice, but consider buying as large an amount as possible.
Comprehensive (Other than Collision) – This coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like a tree branch falling on your vehicle, damage from getting keyed, theft, vandalism and a broken windshield. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Protection from uninsured/underinsured drivers – This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your Chevy Suburban.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently the UM/UIM limits are set the same as your liablity limits.
Collision – Collision coverage will pay to fix damage to your Suburban from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for things like rolling your car, crashing into a ditch, damaging your car on a curb, colliding with a tree and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also raise the deductible to save money on collision insurance.
Medical expense insurance – Medical payments and Personal Injury Protection insurance reimburse you for bills for things like doctor visits, pain medications, ambulance fees, funeral costs and X-ray expenses. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay
In this article, we covered many ideas to compare 1996 Chevy Suburban insurance premium rates online. The key thing to remember is the more companies you get prices for, the better likelihood of getting affordable car insurance. You may even discover the biggest savings come from the least-expected company. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as GEICO and State Farm.
When buying insurance coverage, you should never skimp on critical coverages to save a buck or two. In many instances, drivers have reduced uninsured motorist or liability limits only to find out that it was a big error on their part. The proper strategy is to purchase a proper amount of coverage at the best possible price.
For more information, take a look at the resources below: