Car insurance shoppers not familiar with comparison shopping online may find purchasing low cost car insurance is more work than they anticipated.
Consumers should take time to compare rates yearly since prices go up and down regularly. Even if you think you had the best deal on Monte Carlo coverage two years ago there may be better deals available now. Forget all the misinformation about auto insurance because you’re going to get a crash course in the things you must know in order to reduce your cost while increasing coverage.
The quickest method we recommend to compare rate quotes is to realize most insurance companies have advanced systems to give you rate quotes. To begin a comparison, all you need to do is give the companies some data like how much you drive, the type of vehicles you drive, if a SR-22 is required, and your job. Your information is instantly provided to insurance companies and they respond with quotes within a short period of time.
When buying proper insurance coverage for your vehicles, there is no cookie cutter policy. Everyone’s needs are different.
These are some specific questions can help discover whether you might need an agent’s assistance.
If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form.
Having a good grasp of insurance helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP reimburse you for immediate expenses for doctor visits, surgery, dental work, prosthetic devices and chiropractic care. The coverages can be utilized in addition to your health insurance program or if you do not have health coverage. It covers you and your occupants in addition to any family member struck as a pedestrian. PIP coverage is only offered in select states and may carry a deductible
This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like falling objects, a tree branch falling on your vehicle, damage from flooding and damage from getting keyed. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Coverage for liability
This protects you from injuries or damage you cause to people or other property in an accident. Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage pays for claims such as court costs, medical services, pain and suffering and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.
Collision coverage protection
This will pay to fix damage to your Monte Carlo resulting from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims such as sustaining damage from a pot hole, crashing into a ditch and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.