Are you kicking yourself for buying high-priced insurance coverage? It’s quite common and many drivers have buyer’s remorse. Companies like GEICO and Progressive promote their brand names with catchy ads and it is challenging if not impossible to ignore the promise of big savings and take the time to shop coverage around.
You should take the time to get comparison quotes quite often because insurance rates change regularly. Just because you had the lowest rate for Eclipse coverage a year ago there may be better deals available now. There is lot of inaccurate information about insurance coverage out there, but we’re going to give you some great ways to stop overpaying for insurance.
If you are insured now or need a new policy, you will benefit by learning to cut your premiums and still get good coverage. Choosing the best insurance company for you is quite easy. Drivers just need to know the proper way to shop their coverage around online.
The price of auto insurance can be rather high, but you may be missing some discounts to cut the cost considerably. Some of these disounts will be visible when you complete an application, but some discounts are required to be requested specifically prior to getting the savings.
A little disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Some only reduce individual premiums such as comp or med pay. Just because it seems like it’s possible to get free car insurance, that’s just not realistic. But all discounts will cut the amount you pay for coverage.
A list of companies and the discounts they provide include:
When comparing rates, check with every company how many discounts you can get. A few discounts may not be available everywhere. To find car insurance companies that provide some of the discounts listed above, follow this link.
Part of the auto insurance buying process is learning some of the things that help determine your auto insurance rates. If you have some idea of what determines base rates, this helps enable you to make changes that could help you find lower rates.
When it comes to choosing adequate coverage, there really is not a cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For instance, these questions might help in determining if your situation might need an agent’s assistance.
If it’s difficult to answer those questions but a few of them apply then you might want to talk to an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It is quick, free and can help protect your family.
Drivers can’t escape the ads that claim the cheapest prices by companies like 21st Century, Allstate and State Farm. All the ads seem to make the promise about savings if you switch your policy.
It sounds good, but how can they all make almost identical claims? You have to listen carefully.
Companies give the cheapest rates for the type of customer that will most likely be profitable. A good example of a desirable risk might be a married male, has a clean driving record, and has a high credit rating. Anybody who meets those qualifications will get the preferred car insurance rates and will probably save money with a new company.
Drivers who do not fit this stringent profile will be charged a higher rate which leads to business not being written. The ad wording is “drivers who switch” not “all people who quote” can get the lowest rates when switching. That is how companies can lure you into getting a quote. This really emphasizes why you should compare as many free insurance quotes as you can. Because you never know which insurance company will fit you best based on your risk profile.
Having a good grasp of your policy helps when choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverages found on the average insurance policy.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance reimburse you for bills such as dental work, pain medications, funeral costs and surgery. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible
Comprehensive auto coverage
Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like a tree branch falling on your vehicle, damage from a tornado or hurricane and rock chips in glass. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision coverage protection
Collision coverage covers damage to your Eclipse from colliding with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as hitting a mailbox, driving through your garage door, colliding with another moving vehicle and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible to bring the cost down.
This coverage will cover injuries or damage you cause to other people or property by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.
Liability coverage pays for claims like repair bills for other people’s vehicles, bail bonds and medical expenses. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your 2007 Mitsubishi Eclipse.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
We just showed you a lot of techniques to reduce 2007 Mitsubishi Eclipse insurance rates online. The key thing to remember is the more companies you get auto insurance rates for, the better chance you’ll have of finding affordable insurance. You may be surprised to find that the lowest rates are with a small mutual company. These companies can often provide lower auto insurance rates in certain areas than the large multi-state companies such as State Farm and Allstate.
Lower-priced 2007 Mitsubishi Eclipse insurance can be found online and from local insurance agents, and you need to comparison shop both to get a complete price analysis. Some insurance companies do not offer the ability to get a quote online and usually these smaller companies sell through independent insurance agencies.
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