Having to pay for high-priced auto insurance can sap your funds and force you to tighten up your finances.
Online insurance companies like Allstate, Progressive and GEICO constantly blast consumers with fancy advertisements and consumers find it hard to sift through the bull and do the work needed to find the best deal.
It’s important to do price comparisons occasionally due to the fact that insurance prices trend upward over time. Even if you got the lowest rates for Impala coverage a couple years back you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because we’re going to show you the only way to find better rates and still maintain coverage.
If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these techniques. Finding affordable coverage is quite easy. But drivers do need to know how big insurance companies market on the web and apply this information to your search.
Many insurance companies such as Progressive, Allstate and GEICO give coverage price quotes on their websites. Getting online rates is pretty painless as you just type in the coverages you want into the quote form. Upon sending the form, the company’s rating system requests information on your driving record and credit history and generates pricing information based on these and other factors. Online price estimates makes it easy to compare insurance prices but the work required to visit multiple sites and type in your information can be a bit repetitive. But it is imperative to perform this step in order to get the lowest price.
A less time-consuming method to locate the lowest prices requires only one form to return rates from a lot of companies. It’s a real time-saver, eliminates repetitive work, and makes online price comparison much more efficient. After sending your information, it is rated and you can select any of the pricing results. If a lower price is quoted, you simply finish the application and purchase the new policy. The entire process takes just a few minutes to complete and you will know how your current rates stack up.
To quickly find out how much you’re overpaying now, click here to open in a new tab and submit the form. If you have your current policy handy, we recommend you complete the form with as close as possible to your current policy. This way, you will have an apples-to-apples comparison based on identical coverages.
Auto insurance companies don’t necessarily list every policy discount in an easy-to-find place, so we break down some of the best known as well as some of the hidden auto insurance savings.
Discounts save money, but please remember that some of the credits will not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like liability and collision coverage. So when it seems like all the discounts add up to a free policy, it’s just not the way it works.
Some companies that possibly offer many of the previously listed discounts possibly include:
Check with all companies you are considering how many discounts you can get. Some of the discounts discussed earlier may not be available in your area. If you would like to see a list of providers that have a full spectrum of discounts, follow this link.
When it comes to choosing the right insurance coverage for your personal vehicles, there isn’t really a one size fits all plan. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions can help discover if your situation might need professional guidance.
If it’s difficult to answer those questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Learning about specific coverages of insurance can be of help when determining the right coverages and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. These are typical coverage types found on most insurance policies.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family 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. So UM/UIM coverage is important protection for you and your family.
Coverage for liability
This coverage protects you from damages or injuries you inflict on people or other property. It protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.
Liability coverage protects against things like emergency aid, repair bills for other people’s vehicles, structural damage and repair costs for stationary objects. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage provide coverage for short-term medical expenses for things like chiropractic care, surgery, prosthetic devices and pain medications. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage
This pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims such as crashing into a building, scraping a guard rail, sustaining damage from a pot hole and driving through your garage door. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as hitting a deer, damage from a tornado or hurricane, hitting a bird, rock chips in glass and damage from flooding. The most a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Lower-priced 2006 Chevy Impala insurance can be sourced from both online companies and from local agencies, so you need to shop auto insurance with both to have the best rate selection. Some insurance coverage companies may not have rate quotes online and usually these regional carriers only sell coverage through independent insurance agencies.
When getting auto insurance quotes online, it’s very important that you do not skimp on coverage in order to save money. In too many instances, an accident victim reduced physical damage coverage and found out when filing a claim that the savings was not a smart move. The ultimate goal is to purchase a proper amount of coverage at the lowest possible cost, but do not sacrifice coverage to save money.
Additional insurance coverage information can be found on the following sites: