There isn’t anyone who anticipates paying for insurance, particularly when they could find better rates elsewhere.
Big-name insurance companies like Progressive, State Farm and GEICO increase brand awareness with catchy ads and it is challenging if not impossible to avoid their marketing magic and do the work needed to find the best deal.
If you currently have a car insurance policy, you should be able to cut costs considerably using these tips. Finding the best rates is easy if you know what you’re doing. Nevertheless, consumers do need to understand how insurance companies market insurance on the web and apply this information to your search.
Companies do not list every available discount very clearly, so we took the time to find some of the best known and also the lesser-known credits that you can use to lower your rates.
Discounts reduce rates, but you should keep in mind that some credits don’t apply the the whole policy. Most only reduce individual premiums such as comp or med pay. Even though the math looks like all the discounts add up to a free policy, that’s just not realistic.
If you would like to choose from a list of insurance companies that offer discounts, click here.
There are a lot of ways to compare insurance quotes, but one way is easier and takes less work. You can waste a lot of time talking about coverages with agents in your area, or you can stay home and use online quoting to get prices fast.
The majority of car insurance companies belong to a marketplace that allows shoppers to only type in their quote data once, and at least one company can provide price quotes based on the submitted data. This system prevents you from having to do quote requests for every insurance company.
To submit your quote information now, click to open in new window.
One minor caviat to getting quotes like this is that you can’t choose the insurers to get quotes from. If you prefer to choose individual companies to compare, we have assembled a list of insurance companies in your area. Click here to view list.
Whichever way you choose to compare rates, make darn sure you compare the same coverage information on every quote. If you have different coverage information you will not be able to make a fair rate comparison. Slightly different insurance coverages can mean a large discrepancy in price. And when price shopping your coverage, comparing a wide range of rates increases the change that you will find lower pricing. Some insurance companies are not set up to provide rate quotes online, so it’s important to also get price estimates from them, too.
When it comes to choosing proper insurance coverage, there is no best way to insure your cars. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that might point out whether your personal situation will benefit from professional help.
If you don’t know the answers to these questions, you might consider talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area.
Knowing the specifics of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Below you’ll find typical coverages offered by auto insurance companies.
Liability car insurance – This coverage can cover damage that occurs to other people or property in an accident. This coverage protects you against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability can pay for claims such as loss of income, medical services, attorney fees and funeral expenses. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.
Comprehensive protection – This pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims like falling objects, rock chips in glass, a tree branch falling on your vehicle, damage from getting keyed and hail damage. The highest amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision – Collision coverage pays to fix your vehicle from damage resulting from a collision 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 insurance covers things such as colliding with another moving vehicle, scraping a guard rail, backing into a parked car and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Another option is to raise the deductible in order to get cheaper collision rates.
Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as rehabilitation expenses, hospital visits and EMT expenses. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Oldsmobile Bravada.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually the UM/UIM limits do not exceed the liability coverage limits.
Lower-priced insurance coverage can be purchased both online and also from your neighborhood agents, so you need to quote insurance with both in order to have the best price selection to choose from. Some insurance companies may not provide online price quotes and many times these smaller companies only sell coverage through independent insurance agents.
In this article, we covered many ideas to save on 2001 Oldsmobile Bravada insurance. It’s most important to understand that the more price quotes you have, the better your comparison will be. Consumers may even find the biggest savings come from a small mutual company. These companies can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, GEICO and Progressive.
More tips and info about insurance coverage is located in the articles below: