Paying cheap rates for insurance coverage is nearly impossible for drivers who are beginners to online price comparisons. With such a big selection of agents and online companies available, it can quickly become a lot of work to locate the lowest price.
When comparison shopping, there are several ways to compare rate quotes from companies that offer auto insurance in your state. The fastest way to find affordable 2007 Dodge Magnum insurance rates is to use the internet to compare rates. It’s really quite simple and can be done in several different ways.
Whichever way you choose to compare rates, make sure you use identical quote data for each quote you get. If the quotes have mixed coverages you will not be able to determine which rate is truly the best. Slightly different limits could throw off the whole comparison. And when quoting auto insurance, remember that more quotes helps locate the best offered rates.
When it comes to buying the right insurance coverage for your personal vehicles, there really is not a “best” method to buy coverage. Each situation is unique.
For example, these questions may help you determine whether you could use an agent’s help.
If you don’t know the answers to these questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.
Learning about specific coverages of your insurance policy can be of help when determining which coverages you need for your vehicles. Insurance terms can be confusing and coverage can change by endorsement.
Medical payments coverage and PIP – Med pay and PIP coverage pay for short-term medical expenses for dental work, hospital visits, EMT expenses and funeral costs. The coverages can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Liability insurance – This will cover damage or injury you incur to people or other property. It protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Another option is one number which is a combined single limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers things like repair bills for other people’s vehicles, loss of income, funeral expenses, court costs and repair costs for stationary objects. How much liability should you purchase? That is your choice, but you should buy higher limits if possible.
Collision coverages – This covers damage to your Magnum from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things like sideswiping another vehicle, scraping a guard rail, colliding with a tree, hitting a mailbox and backing into a parked car. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits do not exceed the liability coverage limits.
Comprehensive coverage – This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims such as damage from a tornado or hurricane, rock chips in glass, a tree branch falling on your vehicle, fire damage and hitting a deer. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.