Are you at wits end from being strong-armed to pay insurance coverage each month? Your situation is no different than many other drivers. Companies like State Farm, Allstate, GEICO and Progressive continually hit you with ads and consumers find it hard to see through the deception and take the time to shop coverage around.
The price of auto insurance can be rather high, but discounts can save money and there are some available that can help lower your rates. Some discounts will apply when you complete an application, but once in a while a discount must be inquired about before they will apply. If they aren’t giving you every credit you qualify for, you may be paying too high a price.
Consumers should know that most discount credits are not given to all coverage premiums. Most cut individual premiums such as liability and collision coverage. So even though they make it sound like adding up those discounts means a free policy, company stockholders wouldn’t be very happy.
Some of the larger companies who may offer some of the discounts shown above may include but are not limited to:
If you are trying to find the cheapest car insurance quotes, ask each company or agent which discounts you qualify for. Some credits might not be offered on policies in every state.
When buying adequate coverage, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that can help discover whether you might need professional guidance.
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It is quick, free and may give you better protection.
Consumers can’t avoid all the ads that claim the cheapest premium rates by companies like GEICO, State Farm and Progressive. They all tend to make the same promise that you’ll save big just by switching your coverage to them.
Is it even possible that every company can charge you a lower premium? This is how they do it.
Insurance companies have specific characteristics for the driver that will most likely be profitable. One example of a desirable risk could be between 25 and 40, is a homeowner, and does not commute to work. Any person that meets those criteria receives the best car insurance rates and therefore will save quite a bit of money when switching.
Consumers who fall short of those standards will be quoted higher prices which results in business not being written. Company advertisements say “customers who switch” but not “all drivers who get quotes” save the amount stated. This is how companies can truthfully advertise the way they do.
Because of this risk profiling, it’s extremely important to do a rate comparison at every renewal. It’s just too difficult to predict which insurance companies will have the lowest rate quotes.
Knowing the specifics of a auto insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and coverage can change by endorsement. Below you’ll find the usual coverages offered by auto insurance companies.
Comprehensive (Other than Collision) – This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as hitting a deer, hail damage, damage from flooding, a tree branch falling on your vehicle and hitting a bird. The most a auto 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 consider dropping full coverage.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for ambulance fees, nursing services, X-ray expenses and prosthetic devices. They are utilized in addition to your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Liability coverages – Liability insurance will cover damages or injuries you inflict on other people or property that is your fault. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as repair costs for stationary objects, funeral expenses, attorney fees, legal defense fees and structural damage. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.
Collision coverage – Collision coverage pays to fix your vehicle from damage from colliding with an object or car. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for claims like backing into a parked car, scraping a guard rail, hitting a parking meter and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to get cheaper collision coverage.
Protection from uninsured/underinsured drivers – This coverage provides protection when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family and also any damage incurred to your Kia Sportage.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time the UM/UIM limits are set the same as your liablity limits.
We covered many ideas to get a better price on 2007 Kia Sportage insurance. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your car insurance rates. Drivers may discover the biggest savings come from a smaller regional carrier. Smaller companies may only write in your state and offer lower car insurance rates compared to the large companies like State Farm, GEICO and Nationwide.
When getting car insurance quotes online, never reduce coverage to reduce premium. There are many occasions where an insured cut liability coverage limits only to discover later that the savings was not a smart move. The aim is to find the BEST coverage at the best possible price, but do not skimp to save money.
Even more information is located at these sites: