Feeling guilty for buying high-priced car insurance? Don’t feel bad because you are not the only one feeling buyer’s remorse.
Multiple insurers compete for your business, and because of this it can be hard to compare auto insurance companies and uncover the absolute best rate
The are a couple different ways of comparing price quotes from different companies. The simplest method to lower the rate you pay for 2004 Acura RL insurance is to jump online and get quotes. This is very easy and can be done in just a few minutes using one of these methods.
For a handy list of car insurance company links in your area, click here.
However you get your quotes, double check that you are using the exact same coverage data with each company. If you have mixed coverages it’s not possible to determine which company has the best rates. Even a minor difference in limits can make a big difference in price. It’s important to know that comparing more company’s prices increases your odds of finding a better price.
Big name companies like 21st Century, Allstate and State Farm regularly use television, radio, and online ads. They all seem to make an identical promise that drivers will save a bundle if you change your insurance coverage to their company. How does every company save you money? It’s all in the words they use.
Many companies have specific guidelines for the type of customer that earns them the most money. For instance, this type of risk profile might be between 25 and 40, has a clean driving record, and has great credit. A driver that matches those criteria will probably get cheap car insurance rates and have a good chance to save money with a new company.
Potential insureds who don’t measure up to these standards will be quoted higher rates and this can result in the customer not purchasing. The ads state “drivers that switch” not “everyone who quotes” save that much when switching. That is how insurance companies can confidently make claims like that. That is why it is so important to get insurance coverage quotes as often as possible. It is impossible to predict which insurance company will fit your personal profile best.
Auto insurance companies don’t always publicize every discount they offer in a way that’s easy to find, so the list below contains a few of the more well known and the harder-to-find credits that you can use to lower your rates.
A little note about advertised discounts, most discounts do not apply the the whole policy. Some only apply to specific coverage prices like comp or med pay. So despite the fact that it appears having all the discounts means you get insurance for free, it just doesn’t work that way. But any discount will definitely reduce your policy premiums.
Some of the insurance companies who might offer these money-saving discounts include:
If you need lower rates, check with all the companies which discounts they offer. Savings might not be offered on policies in your area. If you would like to see a list of insurance companies who offer free insurance coverage quotes, click here.
When it comes to choosing coverage for your vehicles, there is no “best” method to buy coverage. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions could help you determine whether your personal situation might need an agent’s assistance.
If you don’t know the answers to these questions but you think they might apply to your situation, you might consider 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.
Having a good grasp of your auto insurance policy aids in choosing the best coverages for your vehicles. Policy terminology can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverages available from auto insurance companies.
Comprehensive or Other Than Collision – This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like damage from flooding, damage from getting keyed, vandalism and a broken windshield. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Collision coverages – Collision coverage pays for damage to your RL caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like crashing into a building, backing into a parked car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.
Medical costs insurance – Med pay and PIP coverage kick in for short-term medical expenses for prosthetic devices, surgery, doctor visits, pain medications and hospital visits. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay
UM/UIM Coverage – Your UM/UIM coverage gives you protection from other motorists when they are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Acura RL.
Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family.
Liability car insurance – Liability insurance provides protection from damage that occurs to a person or their property. It protects you from legal claims by others, 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. As an example, you may have liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.
Liability coverage protects against things like pain and suffering, emergency aid, repair bills for other people’s vehicles and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.
There are still a few companies who do not offer the ability to get quotes online and these regional carriers prefer to sell through independent agents. Budget-friendly auto insurance can be purchased from both online companies as well as from insurance agents, so you should be comparing quotes from both to have the best selection.
As you go through the steps to switch your coverage, do not reduce coverage to reduce premium. In many instances, someone dropped comprehensive coverage or liability limits only to regret at claim time that the savings was not a smart move. Your goal should be to buy the best coverage you can find at the lowest possible cost but still have enough coverage for asset protection.