Nobody loves paying for insurance, especially knowing they could get a better deal. Lots of car insurance companies contend to insure your vehicles, and it can be difficult to compare rates and uncover the absolute lowest price
The most recommended method to get policy rate comparisons is to know the trick most of the larger companies provide online access to provide you with free rate quotes. All you need to do is provide a little information including the ages of drivers, if you are currently licensed, if a SR-22 is needed, and if you lease or own. That rating information is sent automatically to many highly-rated insurers and they respond with quotes within a short period of time.
When it comes to choosing coverage, there really is not a best way to insure your cars. Everyone’s needs are different so this has to be addressed. Here are some questions about coverages that can help discover if you may require specific advice.
If you can’t answer these questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and can help protect your family.
Having a good grasp of your insurance policy aids in choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are typical coverage types found on most insurance policies.
Collision coverage protection
This covers damage to your Expedition resulting from colliding with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers things such as driving through your garage door, hitting a parking meter, scraping a guard rail, sideswiping another vehicle and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.
Comprehensive (Other than Collision)
This will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as damage from flooding, rock chips in glass and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Protection from uninsured/underinsured drivers
This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2003 Ford Expedition.
Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Frequently the UM/UIM limits are set the same as your liablity limits.
Medical expense insurance
Med pay and PIP coverage provide coverage for immediate expenses for things like nursing services, chiropractic care, surgery and pain medications. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Coverage for liability
This can cover damages or injuries you inflict on people or other property in an accident. It protects YOU from legal claims by others, and doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.
Liability insurance covers claims like bail bonds, court costs and emergency aid. How much coverage you buy is a personal decision, but buy as large an amount as possible.