Are you intimidated by the sheer number of car insurance providers that you can choose from? You have so many options that it can really be a real challenge to find the best car insurance rates.
Smart consumers take time to check car insurance prices at least once a year because car insurance prices fluctuate regularly. Just because you had the best rates on Cutlass insurance a few years ago there is a good chance you can find better premium rates now. Forget all the misinformation about car insurance because it’s time to teach you one of the best ways to lower your annual insurance bill.
If you have car insurance now, you stand a good chance to be able to cut costs considerably using this information. Locating the lowest cost auto insurance is simple if you know the tricks. Although drivers must learn the way companies market on the web and use this information to your advantage.
Shopping for lower car insurance rates can be a daunting task if you don’t understand the best way to get rate quotes. You can spend countless hours talking to agents in your area, or you can utilize online quotes to get prices fast.
Many popular insurance companies are enrolled in a marketplace that allows shoppers to send in one quote, and each company can provide price quotes based on that information. This system prevents you from having to do quote forms for each company you want a rate for.
To use this form to compare rates click to open in new window.
The single downside to doing it this way is buyers cannot specifically choose which carriers to get pricing from. So if you prefer to pick from a list of companies to request quotes from, we put together a list of low cost car insurance companies in your area. Click here to view list.
Take whichever approach you prefer, but compare the exact same coverage limits and deductibles for every quote you compare. If you compare different liability limits it’s not possible to determine the best price for your Oldsmobile Cutlass. Having just a slight variation in coverages can mean a large discrepancy in price. And when comparing car insurance rates, know that getting more free quotes helps increase your odds of locating the best offered rates. Not every company does price estimates online, so it’s recommended that you also compare price estimates from them as well.
Insurance can be prohibitively expensive, but you may find discounts that many people don’t even know exist. Certain discounts will be applied at the time you complete a quote, but less common discounts must be manually applied prior to receiving the credit.
Please keep in mind that most discounts do not apply to all coverage premiums. Most only apply to specific coverage prices like comp or med pay. Just because it seems like you would end up receiving a 100% discount, companies don’t profit that way.
For a list of insurance companies that can offer you the previously mentioned discounts, click here.
It’s important that you understand some of the elements that go into determining your policy premiums. If you have some idea of what influences your rates, this enables you to make decisions that can earn you lower auto insurance prices. Multiple criteria are used in the calculation when you get a price on insurance. Some are pretty understandable like your driving record, but others are more transparent such as your credit history and annual miles driven.
When choosing the best insurance coverage coverage for your vehicles, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s.
These are some specific questions may help highlight if your insurance needs might need an agent’s assistance.
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, fill out this quick form.
Auto insurance providers like State Farm, GEICO and Progressive regularly use television, radio, and online ads. They all convey the message that drivers will save a bundle just by switching your policy. That’s great but how can every company offer you a better deal? This is how they do it.
Auto insurance companies look for specific characteristics for the type of driver that will not have excessive claims. An example of a preferred risk might be over the age of 35, has a clean driving record, and the vehicle is rated for pleasure use. Anyone who fits those characteristics will most likely get cheap premium rates and have a good chance to save a lot if they switch.
Potential customers who cannot meet these criteria may receive a higher premium which translates to the prospect going elsewhere. If you listen to the ad wording, they say “customers that switch” not “all people who quote” save that much. That’s the way insurance companies can confidently make claims like that. Each company has different criteria, so you absolutely need to get a wide range of price quotes. It’s impossible to know which insurance companies will have the lowest rate quotes.
Having a good grasp of your insurance policy helps when choosing which coverages you need for your vehicles. The coverage terms in a policy can be confusing and nobody wants to actually read their policy.
Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like hitting a bird, hitting a deer and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Coverage for medical payments and/or PIP reimburse you for immediate expenses like hospital visits, prosthetic devices and funeral costs. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Liability insurance provides protection from damage that occurs to other’s property or people. This insurance protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability can pay for claims such as bail bonds, loss of income, attorney fees, legal defense fees and medical expenses. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as damage to your Oldsmobile Cutlass.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.
This coverage pays for damage to your Cutlass from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims like crashing into a building, rolling your car and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible to bring the cost down.
When searching for cheaper auto insurance quotes, it’s not a good idea to reduce needed coverages to save money. In many instances, an insured dropped uninsured motorist or liability limits and learned later that it was a big error on their part. The aim is to get the best coverage possible for the lowest cost while still protecting your assets.
Insureds switch companies for many reasons like not issuing a premium refund, high rates after DUI convictions, unfair underwriting practices or poor customer service. It doesn’t matter why you want to switch finding the right car insurance provider can be pretty painless.
We covered many ideas to get a better price on 1998 Oldsmobile Cutlass insurance. It’s most important to understand that the more companies you get prices for, the better chance you’ll have of finding affordable auto insurance. You may be surprised to find that the best price on car insurance is with a small mutual company.
Much more information about car insurance can be found below: