I doubt anyone gets a kick out of paying for insurance coverage, especially knowing they could lower their rates if they shopped around. Popular companies such as Allstate, Liberty Mutual and State Farm continually hit you with ads and it is difficult to ignore the flashy ads and do the work needed to find the best deal.
Cutting your car insurance rates is a fairly straight forward process. Just invest a few minutes comparing rates from online providers. This can be done by following the guidelines below.
The fastest way to get quotes is an all-inclusive rate comparison click here to open form in new window. This quick form eliminates the need for repetitive form submissions for each company you want a rate for. In just a few minutes this one form will get you rate comparisons direct from many companies.
A more time consuming way to shop for car insurance online requires visiting each company’s website and complete a new quote form. For examples sake, let’s assume you are doing a rate comparison from USAA, 21st Century and State Farm. To get rate quotes you would need to take the time to go to each site to enter the same coverage data repeatedly, and that explains why we recommend the first method.
To view a list of companies in your area, click here.
If you have time to kill, the last way to find cheaper rates is to drive around to insurance agents’ offices. The fact that you can get quotes online makes this unnecessary unless you require the peace of mind that only an agent can give. However, consumers can get the lowest quotes online but buy the policy through an agent.
It’s up to you which method you use, but do your best to use apples-to-apples deductibles and coverage limits on every quote you get. If each company quotes higher or lower deductibles it will be next to impossible to determine which company has the best rates.
Consumers can’t escape the ads that promise big savings from the likes of Progressive, Allstate and GEICO. They all seem to state the claim that you’ll save big if you just switch your auto insurance coverage to their company.
How does each company offer drivers better rates? It’s all in the wording.
All companies offer their best rates for the type of customer that will most likely be profitable. For instance, a profitable risk profile may need to be between 25 and 40, has other policies, and has excellent credit. Anyone who fits that profile will probably get the lowest car insurance rates and will also save money with a new company.
Potential customers who fall outside these criteria will see a higher premium which usually ends up with the customer buying from a different company. The ads say “customers that switch” but not “all drivers who get quotes” save that much when switching. That’s the way companies can advertise the way they do. Because of the profiling, it’s extremely important to get price quotes at each policy renewal. It’s just not possible to know which insurance companies will fit you best based on your risk profile.
Some companies don’t always publicize every policy discount very clearly, so here is a list a few of the more well known as well as the least known auto insurance savings.
A little disclaimer on discounts, many deductions do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. So when the math indicates it’s possible to get free car insurance, companies don’t profit that way.
Large auto insurance companies and some of their more popular discounts include:
When getting a coverage quote, ask all companies you are considering what discounts are available to you. A few discounts may not apply to policies in your area.
When it comes to buying the best insurance coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. For instance, these questions might point out whether you could use an agent’s help.
If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and you can get the answers you need.
Knowing the specifics of a insurance policy helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverages available from insurance companies.
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like hitting a deer, damage from getting keyed, damage from a tornado or hurricane, hail damage and hitting a bird. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Liability insurance protects you from damages or injuries you inflict on other’s property or people by causing an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability can pay for claims like repair bills for other people’s vehicles, legal defense fees and attorney fees. The amount of liability coverage you purchase is a personal decision, but buy as much as you can afford.
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your Mitsubishi Galant.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance kick in for bills like rehabilitation expenses, doctor visits and ambulance fees. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible
This will pay to fix damage to your Galant resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for claims like damaging your car on a curb, sustaining damage from a pot hole and hitting a mailbox. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to increase the deductible to save money on collision insurance.
Cheaper auto insurance is possible on the web as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies don’t offer the ability to get a quote online and these regional insurance providers only sell through independent agencies.
We just covered a lot of tips how to save on 2001 Mitsubishi Galant insurance. It’s most important to understand that the more companies you get car insurance rates for, the more likely it is that you will get a better rate. Consumers could even find that the lowest rates are with some of the lesser-known companies. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like State Farm or Progressive.