Did you fall for a flashy sales pitch and buy an expensive auto insurance policy? Trust us, there are lots of people in the same boat. You have multiple auto insurance companies to choose from, and although it’s a good thing to have a selection, it can be more difficult to locate the cheapest rates.
Some insurers do not advertise all their discounts very well, so the below list has both well-publicized in addition to some of the lesser obvious credits available to you.
A quick disclaimer, most of the big mark downs will not be given the the whole policy. Some only reduce specific coverage prices like medical payments or collision. Even though it appears adding up those discounts means a free policy, company stockholders wouldn’t be very happy. But any discount will cut the amount you have to pay.
A few popular companies and some of the discounts are:
Double check with every insurance company which discounts they offer. Some discounts may not be offered in every state.
When it comes to choosing the right insurance coverage for your personal vehicles, there really is not a one size fits all plan. Each situation is unique so this has to be addressed. For example, these questions may help highlight if your situation will benefit from professional help.
If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Understanding the coverages of a insurance policy helps when choosing the right coverages for your vehicles. Policy terminology can be confusing and coverage can change by endorsement. Shown next are the usual coverages available from insurance companies.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like dental work, ambulance fees, pain medications and nursing services. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state and may carry a deductible
Protection from uninsured/underinsured drivers – This coverage provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Dodge Dakota.
Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Collision – Collision insurance covers damage to your Dakota resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as crashing into a ditch, hitting a mailbox and sustaining damage from a pot hole. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to save money on collision insurance.
Comprehensive (Other than Collision) – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as hail damage, hitting a bird, a broken windshield, vandalism and hitting a deer. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Liability car insurance – Liability coverage will cover injuries or damage you cause to a person or their property by causing an accident. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.
Liability insurance covers things like legal defense fees, funeral expenses and pain and suffering. How much liability should you purchase? That is your choice, but buy as large an amount as possible.
When shopping online for insurance coverage, don’t be tempted to reduce needed coverages to save money. There are too many instances where drivers have reduced comprehensive coverage or liability limits and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The goal is to purchase plenty of coverage at the best possible price and still be able to protect your assets.
Budget-friendly insurance coverage is attainable online and from local agencies, and you need to price shop both to get a complete price analysis. Some insurance companies don’t offer rates over the internet and these smaller providers work with local independent agents.
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