No one in their right mind enjoys paying for car insurance, especially when they are aware that the cost is way too high.
Online insurance companies like GEICO and Progressive promote their brand names with catchy ads and it is difficult to see past the geckos and flying pigs and effectively compare rates to find the best deal.
If you are paying for car insurance now, you will most likely be able to save some money using these tips. Finding the best rates is quite easy. Although drivers must know the way insurance companies market on the web and use this information to your advantage.
Companies that sell car insurance don’t always advertise every discount they offer in an easy-to-find place, so the below list has a few of the more common as well as the least known credits available to you. If you do not check that you are getting every discount possible, you are not getting the best rate possible.
Policy discounts save money, but most discounts do not apply to your bottom line cost. Some only reduce the price of certain insurance coverages like liability and collision coverage. Just because it seems like all the discounts add up to a free policy, companies wouldn’t make money that way. But any discount should help lower your overall bill.
A few companies that have some of the discounts shown above include:
When quoting, ask each company which discounts they offer. Some discounts might not be offered in your area. To choose insurance companies with discount rates, click here.
The majority of larger companies such as State Farm and Allstate provide prices on their websites. This process is pretty easy as all you need to do is type in as requested by the quote form. Upon sending the form, the quote system automatically orders information on your driving record and credit history and returns a price quote. Online price estimates makes it simple to compare prices but the work required to visit each company’s website and repetitively complete many quote forms can be a bit repetitive. But it is imperative to have as many quotes as possible if you are searching for the lowest possible prices on auto insurance.
The quickest way to lower your rates is to use a quote form to return rates from several companies at one time. This type of form saves time, requires less work, and makes comparison shopping much easier. As soon as you send your information, it is quoted and you are able to buy your choice of the price quotes you receive. If a lower price is quoted, you can simply submit the application and buy the new coverage. The entire process only takes a few minutes and you will know how your current rates stack up.
To compare rates using this form now, click here to open in a new tab and submit the form. To compare your current rates, we recommend you enter the limits and deductibles as shown on your current policy. This guarantees you will have comparison quotes using the same coverage and limits.
When choosing the right insurance coverage for your vehicles, there is no “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether your personal situation could use an agent’s help.
If you can’t answer these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.
State Farm and Allstate endlessly run ads in print and on television. All the companies make an identical promise about savings if you switch your car insurance policy to them. How is it possible that every company can have lower policy pricing? It’s all in the numbers.
All the different companies have underwriting criteria for the type of insured they prefer to insure. One example of a driver they prefer might be a mature driver, carries high limits, and drives less than 5,000 miles a year. Any person that matches those criteria receives the best prices and have a good chance to save money with a new company.
Consumers who are not a match for the requirements may be required to pay higher rates and this results in the driver buying from a lower-cost company. If you pay attention, the ads say “customers who switch” not “everyone who quotes” can get the lowest rates when switching. That’s why companies can truthfully make the claims of big savings. Because each company has a different risk profile, you should do a quote comparison often. Because you cannot predict which company will have the lowest rate quotes.
Having a good grasp of car insurance can help you determine the right coverages at the best deductibles and correct limits. Policy terminology can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average car insurance policy.
Comprehensive auto coverage – Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like a broken windshield, damage from getting keyed and hitting a deer. The most you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for rehabilitation expenses, chiropractic care and funeral costs. The coverages can be used to fill the gap from your health insurance plan or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Liability coverages – This coverage provides protection from injuries or damage you cause to other people or property that is your fault. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property.
Liability can pay for claims like loss of income, medical services, pain and suffering and funeral expenses. How much coverage you buy is a personal decision, but buy as large an amount as possible.
Collision coverage – This covers damage to your Mustang resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims such as sideswiping another vehicle, hitting a mailbox, crashing into a ditch, driving through your garage door and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to save money on collision insurance.
When searching for cheaper insurance coverage quotes, you should never sacrifice coverage to reduce premiums. There are a lot of situations where an accident victim reduced liability limits or collision coverage and discovered at claim time they didn’t have enough coverage. Your aim should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.
In this article, we presented a lot of information how to lower your 1998 Ford Mustang insurance prices. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may even discover the lowest priced car insurance comes from some of the smallest insurance companies. Some small companies may cover specific market segments cheaper than the large multi-state companies such as Allstate or State Farm.
Budget-conscious 1998 Ford Mustang insurance can be sourced both online and from local insurance agents, so you should be comparing quotes from both to have the best selection. Some insurance companies do not provide online quoting and most of the time these small, regional companies prefer to sell through local independent agents.
More detailed car insurance information is located in these articles: