Feeling guilty for buying high-priced car insurance? You’re preaching to the choir because many consumers feel financially strained by their car insurance policy.
Drivers have multiple insurers to choose from, and though it is a good thing to have a choice, more options can take longer to find the lowest cost provider.
You should make it a habit to check car insurance prices at least once a year since prices trend upward over time. Even if you think you had the best deal on Continental GTC coverage on your last policy the chances are good that you can find a lower rate quote today. Ignore everything you know about car insurance because you’re about to learn one of the quickest ways to find the best coverage while lowering your premiums.
Choosing the best insurance company for you is easy if you know what you’re doing. If you currently have car insurance, you will be able to lower your premiums substantially using these techniques. Although consumers do need to know how insurance companies compete online because it can help you find the best coverage.
Companies that sell car insurance do not list all their discounts very well, so the following is a list of a few of the more well known and also the more inconspicuous credits available to you.
As a disclaimer on discounts, many deductions do not apply to the entire cost. Most cut the price of certain insurance coverages like liability, collision or medical payments. Just because you may think having all the discounts means you get insurance for free, you’re out of luck.
Some of the larger companies that may include these discounts are:
When getting free car insurance quotes, it’s a good idea to each insurance company to apply every possible discount. Savings may not apply to policyholders in your area. To locate companies that can offer you the previously mentioned discounts, click here to view.
There are several ways to compare rate quotes from insurance companies in your area. The simplest method to compare rates involves getting comparison quotes online. It is quite easy and can be accomplished by using one of the methods below.
For a list of links to insurance companies in your area, click here.
Take whichever approach you prefer, but do your best to enter the same quote information for every company. If your comparisons have different deductibles it will be very difficult to make a fair comparison for your Bentley Continental GTC. Even a minor difference in insurance coverages or limits could throw off the whole comparison. And when comparison shopping, making a lot of price comparisons gives you a better chance of getting lower pricing.
The best way to find cheaper insurance coverage is to take a look at the different types of things that play a part in calculating insurance coverage rates. If you understand what determines premiums, this helps enable you to make changes that may reward you with lower premium levels. Lots of factors are used in the calculation when quoting car insurance. A few of the factors are predictable like a motor vehicle report, but other criteria are more obscure like your continuous coverage or your financial responsibility.
Listed below are just a few of the factors used by insurance companies to determine prices.
When buying coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions could help you determine if your situation would benefit from an agent’s advice.
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area.
21st Century, Allstate and State Farm constantly bombard you with television, radio, and online ads. They all try to convey promises that people will save just by switching to them. How does each company give you a lower rate? Just pay attention to how they say it.
Insurance providers have underwriting criteria for a prospective insured that will generate a profit. A good example of a profitable risk profile should be between 25 and 40, has never had a policy lapse, and insures a new vehicle. Any person who fits that profile will get very good car insurance rates and will also save quite a bit of money when switching.
People who don’t meet these standards will probably be forced to pay a higher premium which leads to business going elsewhere. The ad wording is “customers who switch” but not “everyone who gets a quote” can save as much as they claim. That is how insurance companies can confidently make claims like that. Different companies use different criteria so drivers must do a quote comparison often. It’s impossible to know which insurance coverage company will be your best fit.
Having a good grasp of car insurance helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by car insurance companies.
Liability insurance protects you from damages or injuries you inflict on a person or their property. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see policy limits of 100/300/100 which means $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.
Liability coverage protects against claims such as attorney fees, repair bills for other people’s vehicles, repair costs for stationary objects, loss of income and medical services. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible.
This coverage 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 can pay for things such as hitting a bird, rock chips in glass and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Collision coverage covers damage to your Continental GTC resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as scraping a guard rail, driving through your garage door, colliding with a tree and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to raise the deductible to get cheaper collision coverage.
Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your 2007 Bentley Continental GTC.
Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.
Med pay and PIP coverage reimburse you for immediate expenses for EMT expenses, chiropractic care and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
A few companies may not have online quoting and usually these regional insurance providers work with independent insurance agencies. Low-cost 2007 Bentley Continental GTC insurance can be bought on the web and from local agencies, and you should compare price quotes from both so you have a total pricing picture.
While you’re price shopping online, do not buy less coverage just to save a little money. There have been many situations where an accident victim reduced liability coverage limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy a smart amount of coverage at the best price, but do not sacrifice coverage to save money.
Additional information can be read at the links below