Think you have an overpriced insurance policy? You’re in good company because there are lots of residents who feel the same. Big companies like Progressive, State Farm and GEICO all claim big savings with fancy advertisements and consumers find it hard to ignore the flashy ads and do the work needed to find the best deal.
It’s a good habit to compare premium rates periodically because insurance prices are usually higher with each renewal. Even if you think you had the best rate for Durango insurance last year you may be paying too much now. Ignore everything you know about insurance because I’m going to let you in on the secrets to how to use online quotes to find the best coverage while lowering your premiums.
If you have insurance now or are just looking to switch companies, you can follow these tips to reduce the price you pay while maintaining coverages. Buying car insurance is not rocket science. Vehicle owners only need to know the best way to shop on the web.
Auto insurance companies do not list the entire discount list in a way that’s easy to find, so we researched a few of the more common and the more hidden credits available to you.
While discounts sound great, it’s important to understand that most of the big mark downs will not be given to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though the math looks like you would end up receiving a 100% discount, insurance companies aren’t that generous.
Some companies that may offer policyholders most of these discounts include:
If you are trying to find cheaper auto insurance quotes, ask each company or agent how many discounts you can get. A few discounts may not be offered in every state. To locate insurance companies who offer cheap insurance quotes, follow this link.
When choosing the best auto insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Every situation is different so your insurance needs to address that. For example, these questions may help you determine if you will benefit from professional help.
If you’re not sure about those questions but one or more may apply to you, 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 auto insurance companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.
Knowing the specifics of your insurance policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement. Shown next are the normal coverages available from insurance companies.
Collision coverage – This covers damage to your Durango resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like sustaining damage from a pot hole, scraping a guard rail, crashing into a ditch and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to raise the deductible in order to get cheaper collision rates.
Liability insurance – This can cover damage that occurs to other people or property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have 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 a limit of $100,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for things such as structural damage, attorney fees and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.
Medical expense insurance – Medical payments and Personal Injury Protection insurance pay for expenses for things like funeral costs, hospital visits, prosthetic devices and EMT expenses. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive (Other than Collision) – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like hail damage, fire damage and hitting a deer. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Protection from uninsured/underinsured drivers – This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries and damage to your 2003 Dodge Durango.
Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
As you shop your coverage around, never reduce coverage to reduce premium. There are too many instances where an accident victim reduced full coverage only to regret that saving that couple of dollars actually costed them tens of thousands. Your objective should be to purchase a proper amount of coverage at an affordable rate while not skimping on critical coverages.
Throughout this article, we presented a lot of tips how to save on 2003 Dodge Durango insurance. It’s most important to understand that the more companies you get rates for, the better likelihood of getting low cost auto insurance. You may even discover the most savings is with the smaller companies. They may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm and Allstate.