Being forced to pay for high-priced car insurance premiums can drain your accounts and require stricter spending habits. Performing a rate comparison is a fast and free way to slash your bill and have more diposable income.
People have many insurance companies to buy insurance from, and though it is a good thing to have a choice, it makes it harder to find the best rates for your vehicles.
The purpose of this article is to instruct you on the best way to quote coverages and some money-saving tips. If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using these techniques. But consumers need to have an understanding of the methods companies use to determine prices and use this information to your advantage.
Not many people think insurance is cheap, but discounts can save money and there are some available that can help lower your rates. Many discounts should be triggered at the time of purchase, but lesser-known reductions have to be inquired about in order for you to get them.
You should keep in mind that most of the big mark downs will not be given to your bottom line cost. Some only reduce the cost of specific coverages such as comprehensive or collision. Even though it may seem like having all the discounts means you get insurance for free, companies wouldn’t make money that way. Any amount of discount will definitely lower the cost of coverage.
A few of the larger companies and a partial list of their discounts are included below.
When getting a coverage quote, ask each insurance company what discounts are available to you. Savings may not be offered everywhere. If you would like to see a list of insurers that offer discounts, click here.
Lots of factors are used in the calculation when premium rates are determined. Some of the criteria are obvious like your driving record, but others are more obscure such as whether you are married and annual miles driven.
When buying adequate coverage for your vehicles, there isn’t really a “perfect” insurance plan. Everyone’s needs are different and your policy should reflect that. These are some specific questions may help you determine if your insurance needs could use an agent’s help.
If you can’t answer these questions but one or more may apply to you, you may need to chat with 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.
Companies like GEICO, State Farm and Progressive continually stream ads on TV and radio. All the companies seem to make the promise that people will save if you move your policy. How can each company make the same claim? Here is the trick they use.
Car insurance companies quote their best rates for the type of driver that is profitable for them. One example of this type of risk profile could be a female over age 40, is a homeowner, and drives less than 7,500 miles a year. Anyone who fits those characteristics receives the best prices and will probably save if they switch.
People who do not match this ideal profile may receive higher premiums which translates to the customer buying from a different company. If you listen to the ad wording, they say “customers that switch” not “everyone that quotes” save that much when switching. This is how companies can make those claims.
This really emphasizes why you really need to compare free insurance quotes often. It is impossible to guess which company will give you lower rates than your current company.
Understanding the coverages of your insurance policy can help you determine which coverages you need at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are typical coverages offered by insurance companies.
Collision coverage will pay to fix damage to your Wrangler caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things like colliding with another moving vehicle, crashing into a building, hitting a mailbox, scraping a guard rail and rolling your car. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible in order to get cheaper collision rates.
Comprehensive insurance will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive insurance covers things such as damage from flooding, fire damage and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Liability insurance will cover damages or injuries you inflict on people or other property that is your fault. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage pays for things like structural damage, repair bills for other people’s vehicles, loss of income and medical services. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.
Medical payments and Personal Injury Protection insurance reimburse you for expenses like doctor visits, ambulance fees, nursing services and EMT expenses. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your Jeep Wrangler.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally these coverages are identical to your policy’s liability coverage.
Cheaper 2002 Jeep Wrangler insurance is attainable online and with local insurance agents, and you need to price shop both so you have a total pricing picture. Some insurance companies may not provide the ability to get quotes online and usually these small, regional companies only sell coverage through independent agents.
In this article, we presented quite a bit of information on how to compare 2002 Jeep Wrangler insurance premium rates online. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers may even find the lowest premium rates come from the least-expected company. These companies may have significantly lower prices on certain market segments as compared to the big name companies such as Allstate, GEICO and Progressive.
More detailed insurance coverage information can be read by following these links: