Have you had enough of sacrificing other expenses to keep your car insured? You are in the same boat as many other drivers.
There are many auto insurance companies to purchase coverage from, and although it’s a good thing to have a selection, it can be more difficult to find the lowest cost provider.
Some providers don’t necessarily list the entire discount list in an easy-to-find place, so we took the time to find both the well known as well as some of the hidden discounts that you may qualify for.
One last thing about discounts, some credits don’t apply to your bottom line cost. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. If you do the math and it seems like adding up those discounts means a free policy, insurance coverage companies aren’t that generous.
To see insurance companies with discount rates, click here to view.
All major insurance companies such as State Farm, Allstate and GEICO give coverage prices on their websites. Comparing rates online is very simple as you just type in your personal and coverage information on the page. When the form is submitted, the system collects reports for credit and driving violations and quotes a price based on the data you entered. Online quotes makes comparing rates easy, but having to visit multiple sites and fill out multiple forms gets old quite quickly. But it’s absolutely necessary to compare as many rates as possible in order to get the best price possible.
An easier way to compare rates uses one simple form to obtain quotes from a lot of companies. The form is fast, eliminates form submissions, and makes price shopping online much more efficient. As soon as the form is sent, it is rated and you are able to buy any or none of the quotes returned.
If one or more price quotes are lower than your current rates, you can simply submit the application and buy the new coverage. It can be completed in a matter of minutes and can result in significant savings.
To quickly find out how much you can save on insurance, simply click here to open in new window and fill out the form. If you have a policy now, it’s recommended you replicate the coverages as close as possible to your current policy. Using the same limits helps guarantee you are getting a price comparison based on the exact same insurance coverage.
When it comes to buying proper insurance coverage for your vehicles, there really is not a cookie cutter policy. Everyone’s situation is unique so this has to be addressed. These are some specific questions may help highlight whether or not you would benefit from an agent’s advice.
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Knowing the specifics of your policy helps when choosing appropriate coverage for your vehicles. Auto insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverages offered by auto insurance companies.
Medical costs insurance – Med pay and PIP coverage kick in for short-term medical expenses like dental work, chiropractic care, nursing services, prosthetic devices and pain medications. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay
Liability insurance – This protects you from injuries or damage you cause to people or other property by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against things such as pain and suffering, medical services and attorney fees. The amount of liability coverage you purchase is a personal decision, but you should buy as high a limit as you can afford.
UM/UIM Coverage – Your UM/UIM coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.
Collision – This coverage pays for damage to your Tahoe caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims like hitting a parking meter, sideswiping another vehicle and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.
Comprehensive or Other Than Collision – This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims like theft, damage from a tornado or hurricane, hitting a bird and a broken windshield. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
When shopping online for car insurance, do not buy lower coverage limits just to save a few bucks. There have been many cases where an accident victim reduced physical damage coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase plenty of coverage at the best possible price, not the least amount of coverage.
More affordable car insurance is attainable on the web in addition to local insurance agencies, so you need to shop insurance with both to have the best rate selection. Some companies may not have rate quotes online and many times these smaller providers only sell through independent agents.
More tips and info about car insurance can be found by following these links: