Finding cheaper rates on Driversinsurance coverage can be hard for drivers who have little experience online price comparisons. When there are so many companies in the marketplace, it can quickly become a burden to locate the lowest rates.
The method we recommend to get policy rate comparisons takes advantage of the fact car insurance companies provide online access to give free rates quotes. To begin a comparison, all you need to do is provide a small amount of information including driver ages, if you have an active license, how much coverage you want, and marital status. Your information is instantly sent to multiple different insurance companies and you get price estimates within a short period of time.
The cost of insuring your cars can be expensive, but you may be missing some discounts that can drop the cost substantially. Certain reductions will be credited at the time of purchase, but some must be asked for before being credited.
Discounts save money, but please remember that many deductions do not apply to the entire policy premium. A few only apply to specific coverage prices like comp or med pay. So when it seems like all those discounts means the company will pay you, insurance companies wouldn’t stay in business.
Car insurance companies that have some of the above discounts are:
When getting a coverage quote, ask every company the best way to save money. Depending on the company, some discounts may not apply to policies everywhere. For a list of companies with significant discounts, click this link.
When it comes to choosing coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is unique.
For example, these questions might help in determining whether your personal situation could use an agent’s help.
If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form.
Understanding the coverages of your insurance policy helps when choosing which coverages you need for your vehicles. Policy terminology can be difficult to understand and coverage can change by endorsement.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses like funeral costs, ambulance fees, EMT expenses and dental work. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage protects you and your vehicle from other motorists 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 Mercedes-Benz S-Class.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.
Comprehensive auto coverage
Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as damage from flooding, hail damage, hitting a deer and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Collision coverage protection
This coverage will pay to fix damage to your S-Class caused by collision with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things like sideswiping another vehicle, crashing into a ditch, hitting a parking meter, backing into a parked car and rolling your car. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also choose a higher deductible to get cheaper collision coverage.
Liability coverage can cover injuries or damage you cause to a person or their property in an accident. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.
Liability can pay for claims such as structural damage, loss of income, medical expenses and medical services. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.