Did you come to the realization that you have an overpriced car insurance policy? Trust us when we tell you many consumers feel financially strained by their car insurance policy. Drivers have many insurers to buy insurance from, and even though it’s nice to have a selection, so many choices can make it hard to compare rates and cut insurance costs.
It’s a great practice to compare prices every six months because insurance prices are usually higher with each renewal. Just because you had the best rates for Altima insurance six months ago the chances are good that you can find a lower rate quote today. There are a lot of ways to save on car insurance on the web, but I’m going to show you some tested techniques to lower your car insurance premiums.
Choosing the best insurance company for you is not rocket science. If you currently have a car insurance policy, you stand a good chance to be able to save some money using this strategy. Drivers just need to know how to shop for car insurance on the web.
There are multiple methods to compare auto insurance quotes, but one way is more efficient than others. You can waste hours talking to local insurance agents in your area, or you can utilize online quoting to quickly compare rates.
Most major companies participate in an industry program where insurance shoppers send in one quote, and every company can provide price quotes. This system prevents you from having to do repetitive form submissions to each individual auto insurance company.
To find out how much you can save on auto insurance click here to start a free quote.
One minor caviat to using this type of system is that consumers can’t choose the companies to get quotes from. So if you prefer to pick individual companies to request quotes from, we have a listing of low cost auto insurance companies in your area. Click here for list of insurance companies.
You can choose any of those ways to find more affodable coverage, but ensure you’re using nearly identical coverage limits for every company. If each company quotes different liability limits it will be very difficult to determine the best price for your Nissan Altima.
Consumers get pounded daily by advertisements that claim the cheapest car insurance rates from the likes of State Farm, GEICO and Progressive. They all seem to convey the message that drivers will save a bundle after switching your coverage to them.
It sounds good, but how can they all lower your car insurance rates? It’s all in the wording.
Insurance providers give the best rates for the type of customer that will generate a profit. For example, a profitable customer might be described as between the ages of 30 and 50, owns a home, and has great credit. A customer who fits that profile will get the preferred premium rates and as a result will probably save when switching.
Potential customers who cannot meet these criteria may be required to pay higher premiums and ends up with the prospect going elsewhere. If you pay close attention to the ads, they say “people who switch” but not “all drivers who get quotes” save the amount stated. That’s the way companies can truthfully claim big savings. That is why you should do a quote comparison often. It’s just not possible to know which company will have the lowest rates.
Car insurance is not cheap, but you might already qualify for some discounts that can dramatically reduce your bill. Many of these discounts will be applied automatically at the time of quoting, but a few need to be specifically requested in order for you to get them. If you are not receiving all the discounts you deserve, you are just wasting money.
We need to note that some of the credits will not apply to your bottom line cost. The majority will only reduce individual premiums such as comprehensive or collision. So when it seems like you could get a free insurance policy, nobody gets a free ride.
Large insurance companies and a selection of discounts are:
When quoting, ask every prospective company which credits you are entitled to. Some credits might not apply in your area. For a list of insurance companies who offer insurance discounts, click here.
When buying proper insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. For example, these questions might point out whether or not you would benefit from professional advice.
If you don’t know the answers to these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.
Knowing the specifics of your car insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages available from car insurance companies.
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage provides protection when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your Nissan Altima.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance provide coverage for bills like ambulance fees, prosthetic devices, hospital visits, doctor visits and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to 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 injuries or damage you cause to people or other property. It protects YOU from legal claims by others. It does not cover 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. Your policy might show liability limits of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability can pay for claims like structural damage, medical expenses and medical services. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.
This will pay to fix damage to your Altima resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers claims like crashing into a ditch, backing into a parked car, hitting a mailbox, sideswiping another vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.
This covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things such as fire damage, hitting a bird, hitting a deer and falling objects. The highest amount your car insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
While you’re price shopping online, it’s a bad idea to buy poor coverage just to save money. There have been many situations where someone sacrificed physical damage coverage to discover at claim time they didn’t have enough coverage. The proper strategy is to buy enough coverage for the lowest cost while still protecting your assets.
We’ve covered some good ideas how to lower your 2000 Nissan Altima insurance rates. The key thing to remember is the more rate quotes you have, the better likelihood of getting low cost insurance coverage. Drivers may discover the best price on insurance coverage is with the least-expected company. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm or Progressive.
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