Did a good deal turn out to be an underperforming, overpriced insurance policy? It’s quite common and there are lots of residents who feel the same. There is such a variety of auto insurance companies to buy insurance from, and even though it’s nice to have multiple companies, it makes it harder to compare rates.
Buying car insurance is not rocket science. If you currently have a car insurance policy, you will be able to cut costs considerably using these methods. Drivers only need an understanding of the most effective way to compare company rates on the web.
Many different elements are considered when premium rates are determined. Most are fairly basic like an MVR report, although some other factors are less obvious such as your marital status or your commute time.
The list below includes some of the most rate-impacting factors utilized by car insurance companies to help set your rates.
There are multiple methods to shop for auto insurance, but one way is less time-consuming than others. You can waste a few hours (or days) discussing policy coverages with insurance companies in your area, or you can stay home and use online quoting to maximize your effort.
Many popular insurance companies participate in a marketplace that allows shoppers to enter their policy data once, and each participating company returns a rated price. This saves time by eliminating quote requests for every auto insurance company.
To participate in this free quote system, click to open in new window.
The only drawback to pricing coverage this way is that consumers can’t choose the companies you want to price. If you prefer to choose specific insurance companies to compare rates, we have assembled a list of low cost auto insurance companies in your area. Click to view list.
Which method you use is up to you, but be sure to compare identical coverage limits on every price quote you get. If you are comparing different deductibles it will be impossible to make a fair rate comparison.
Consumers can’t escape the ads that claim the best rates from the likes of State Farm, GEICO and Progressive. All the companies tend to make the same promise that you can save just by moving to their company.
It sounds good, but how can they all have lower policy pricing? This is the trick they use.
Many companies require specific criteria for the type of customer that earns them the most money. For example, a profitable customer might be a female over age 40, has a low-risk occupation, and the vehicle is rated for pleasure use. Anyone who matches that profile will get low car insurance rates as well as save when they switch companies.
People who may not quite match these stringent criteria will be charged more expensive rates which usually ends up with the customer not purchasing. If you listen to the ad wording, they say “drivers who switch” not “everyone who quotes” save the amount stated. That’s why companies can lure you into getting a quote. This really drives home the point why you should compare free auto insurance quotes often. Because without a comparison, you cannot know with any certainty which company will have the lowest rate quotes.
Car insurance companies don’t always publicize the entire discount list very well, so the list below gives a summary of some of the more common and also the lesser-known credits that you can use to lower your rates. If they aren’t giving you every credit possible, it’s possible you qualify for a lower rate.
One last thing about discounts, many deductions do not apply the the whole policy. Most only reduce the cost of specific coverages such as liability and collision coverage. So even though it sounds like having all the discounts means you get insurance for free, you’re out of luck. Any amount of discount will positively reduce your premiums.
If you would like to view insurance companies with discount rates, click here to view.
When it comes to choosing adequate coverage, there really is no best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions might help in determining if you would benefit from an agent’s advice.
If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.
Understanding the coverages of your policy can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Listed below are the normal coverages available from insurance companies.
Medical payments and Personal Injury Protection insurance reimburse you for expenses for EMT expenses, hospital visits, nursing services, dental work and surgery. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible
This coverage will cover damage or injury you incur to other people or property by causing an accident. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see limits of 100/300/100 which means a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.
Liability coverage protects against things like funeral expenses, loss of income and medical services. How much liability coverage do you need? That is your choice, but it’s cheap coverage so purchase higher limits if possible.
This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like fire damage, falling objects, theft, damage from flooding and hitting a deer. The maximum payout your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Collision coverage covers damage to your Torrent from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like backing into a parked car, crashing into a ditch, crashing into a building, colliding with a tree and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.
This protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Pontiac Torrent.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.
The cheapest 2007 Pontiac Torrent insurance can be found from both online companies as well as from insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance providers do not provide rates over the internet and usually these smaller companies sell through independent insurance agents.
While you’re price shopping online, it’s a bad idea to reduce needed coverages to save money. There have been many situations where consumers will sacrifice physical damage coverage only to regret at claim time that it was a big error on their part. Your strategy should be to find the BEST coverage at the best cost, not the least amount of coverage.
In this article, we covered some good ideas how to compare 2007 Pontiac Torrent insurance auto insurance rates online. The key thing to remember is the more providers you compare, the better likelihood of getting cheaper auto insurance. Consumers could even find that the best price on car insurance is with a lesser-known regional company. Smaller companies often have lower premium rates on specific markets than their larger competitors like Allstate or State Farm.