Being forced to pay for pricey auto insurance premiums can draw down your funds and make it hard to pay other bills. Performing a rate comparison can help to cut your insurance bill.
Having so many options when it comes to auto insurance, it can be hard to find the lowest cost auto insurance company.
Consumers need to take a look at other company’s rates as often as possible since insurance prices are constantly changing. Just because you had the best rates on Altima coverage two years ago the chances are good that you can find a lower premium rate today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the easiest way to reduce your cost while improving coverage.
Most of the larger companies provide prices on their websites. Comparing rates online is pretty easy because you just enter the coverage amounts you desire on the page. Once you submit the form, the company’s rating system collects your driving and credit reports and returns pricing information determined by many factors. Online price quotes makes it easy to compare insurance prices but the time required to go to a lot of sites and complete many quote forms can get tiresome after awhile. But it’s also necessary to compare as many rates as possible in order to find the lowest price.
There is an easier way!
The quickest way to compare rates uses one simple form to return rates from a lot of companies. The form is fast, eliminates form submissions, and makes quoting online much more efficient. Immediately after submitting the form, it gets priced and you are able to buy any one of the quotes returned.
If the quotes result in lower rates, it’s easy to complete the application and buy the policy. It only takes a few minutes and you will know how your current rates stack up.
To compare pricing, click here to open in new window and begin entering your coverage information. If you have a policy now, it’s recommended you replicate your coverages identical to your current policy. This makes sure you will have a rate comparison for similar insurance coverage.
When it comes to choosing proper insurance coverage, there really is not a “best” method to buy coverage. Every situation is different so this has to be addressed. Here are some questions about coverages that might help in determining if your insurance needs might need an agent’s assistance.
If it’s difficult to answer those questions then you might want to talk to an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.
Learning about specific coverages of a insurance policy can help you determine the right coverages and the correct deductibles and limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages available from insurance companies.
Collision insurance pays for damage to your Altima caused by collision with an object or car. A deductible applies then your collision coverage will kick in.
Collision can pay for claims like backing into a parked car, hitting a mailbox, rolling your car, hitting a parking meter and driving through your garage door. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to get cheaper collision coverage.
Liability coverage provides protection from injuries or damage you cause to other people or property. It protects YOU from claims by other people. It does not cover 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 liability limits of 50/100/50 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.
Liability insurance covers things like medical services, loss of income and funeral expenses. How much liability should you purchase? That is your choice, but buy higher limits if possible.
Coverage for uninsured or underinsured drivers
This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against things like damage from flooding, vandalism, fire damage, hitting a bird and a broken windshield. The maximum payout a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Coverage for medical expenses
Med pay and PIP coverage pay for immediate expenses for EMT expenses, hospital visits, dental work, rehabilitation expenses and prosthetic devices. They are utilized in addition to your health insurance plan or if you do not have health coverage. It covers you and your occupants and will also cover any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible