Want cheaper car insurance rates for your Maserati Spyder? No one in their right mind is fond of buying car insurance, especially when they are paying too much. Big companies like State Farm, Farmers Insurance, GEICO and Allstate continually bombard you with catchy ads and consumers find it hard to ignore the flying pigs and cute green geckos and find the best price available.
You should take the time to get comparison quotes before your next renewal because car insurance rates fluctuate regularly. Just because you had the best premium rates for Spyder coverage a year ago you can probably find a better price now. Forget all the misinformation about car insurance because you’re going to get a crash course in how to quote online to properly buy coverages and cut your premium.
There are multiple methods to compare auto insurance quotes, but some are more efficient than others. You can spend countless hours discussing policy coverages with agents in your area, or you could save time and use the internet to accomplish the same thing much quicker.
Many popular insurance companies participate in a marketplace that enables customers to complete one form, and each company can give them a price based on that data. This eliminates the need for quotation requests to each company.
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The single downside to using this type of system is you can’t choose the insurers to get quotes from. If you prefer to choose from a list of companies to compare prices, we put together a list of low cost auto insurance companies in your area. Click here for list of insurance companies.
It’s your choice how you get your quotes, but make sure you use exactly the same quote data for every company. If each company quotes differing limits you will not be able to make a fair rate comparison.
Consumers can’t get away from all the ads that promise big savings from companies such as Progressive, GEICO, Allstate and State Farm. They all seem to seem to make the promise that people will save if you move your policy.
Is it even possible that every company can give you a better price? You have to listen carefully.
Many companies have a preferred profile for the type of customer that will generate a profit. For instance, a desirable insured may be married and over the age of 30, has no driving citations, and does not commute to work. A propective insured that hits that “sweet spot” will get a cheap rate quote as well as save some money.
Drivers who are not a match for these stringent criteria will get more expensive rates and ends up with the customer not buying. The ads say “customers that switch” not “everybody who quotes” save that much money. That’s why insurance companies can confidently advertise the savings.
This really illustrates why you should compare free insurance quotes often. It’s impossible to know which insurance companies will give you the biggest savings.
Companies do not advertise every available discount in a way that’s easy to find, so the list below details both the well known and the harder-to-find ways to save on auto insurance. If you do not check that you are getting every discount you deserve, you are paying more than you should be.
A little note about advertised discounts, most discount credits are not given to all coverage premiums. Some only apply to the price of certain insurance coverages like medical payments or collision. So when the math indicates adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
To find auto insurance companies that provide some of the discounts listed above, click here to view.
When buying adequate coverage for your personal vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions may help highlight whether your personal situation will benefit from professional help.
If it’s difficult to answer those questions then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of car insurance companies in your area. It is quick, free and can provide invaluable advice.
Understanding the coverages of your insurance policy aids in choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the normal coverages found on most insurance policies.
Comprehensive (Other than Collision)
Comprehensive insurance covers damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like hail damage, vandalism, hitting a bird and hitting a deer. The most your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants as well as damage to your 2003 Maserati Spyder.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Liability car insurance
This provides protection from damages or injuries you inflict on other people or property. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability coverage pays for claims such as loss of income, medical expenses, court costs and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but buy as much as you can afford.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as funeral costs, surgery, rehabilitation expenses and EMT expenses. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay
Collision coverage protection
This pays to fix your vehicle from damage resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as backing into a parked car, sustaining damage from a pot hole, crashing into a ditch, colliding with a tree and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.
We just showed you many ways to save on 2003 Maserati Spyder insurance. It’s most important to understand that the more quotes you get, the better your chances of lowering your premium rates. You may be surprised to find that the lowest car insurance rates come from some of the lesser-known companies. These smaller insurers often have lower premium rates on specific markets than the large multi-state companies such as Allstate and Progressive.
When getting insurance quotes online, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many situations where drivers have reduced liability coverage limits only to discover later they didn’t purchase enough coverage. Your objective should be to buy a smart amount of coverage at the best cost, not the least amount of coverage.
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