Being forced to pay for overpriced insurance coverage premiums can dry up your personal savings and make it hard to pay other bills. Doing a rate comparison can lower your rates and help to cut your insurance bill.
Insurance companies such as GEICO and Progressive persitently shower you with catchy ads and consumers find it hard to ignore the flashy ads and take the time to shop coverage around.
Shopping for lower insurance rates can take hours if you don’t know the most efficient way to do it. You could spend your day talking about coverages with agents in your area, or you can stay home and use online quotes for quick rates.
The majority of car insurance companies take part in a program that enables customers to enter their coverage request one time, and at least one company provides a quote. This system prevents you from having to do form submissions for each company.
To participate in this free quote system, click here to open in new window.
The only drawback to getting quotes like this is that consumers can’t choose the companies to receive prices from. So if you want to choose specific insurance companies to compare rates, we have a page of low cost insurance companies in your area. Click here for list of insurance companies.
However you get your quotes, ensure you’re using identical quote data with every price quote. If you use different limits and deductibles on each one it’s not possible to determine which company has the best rates.
Drivers constantly see and hear ads that promise big savings for switching from companies such as State Farm, GEICO and Progressive. They all seem to try to convey promises that you can save if you move your policy.
How is it plausible that every one can cost less than your current company?
Insurance companies have an ideal profile for the driver that will not have excessive claims. One example of a driver they prefer might be between the ages of 30 and 45, owns a home, and drives less than 10,000 miles a year. Any new insured that fits those parameters will most likely get cheap rates and will cut their rates substantially.
Drivers who do not fit the requirements will have to pay a higher rate and ends up with the customer buying from someone else. Company advertisements say “drivers who switch” not “everybody who quotes” save that kind of money. That’s why insurance companies can confidently advertise the way they do.
This really illustrates why you really need to compare as many free auto insurance quotes as you can. Because without a comparison, you cannot know the company that will have better premium rates than you’re paying now.
Car insurance companies do not advertise all available discounts in an easy-to-find place, so the list below contains some of the best known and the more hidden credits available to you. If you aren’t receiving every discount you deserve, it’s possible you qualify for a lower rate.
A quick disclaimer, many deductions do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like comp or med pay. So even though you would think all those discounts means the company will pay you, you’re out of luck.
Insurance companies that may offer these money-saving discounts may include but are not limited to:
When getting a coverage quote, ask each company or agent which discounts they offer. All car insurance discounts may not be available in your area. To find companies that offer the discounts shown above, click this link.
When choosing adequate coverage, there really is no single plan that fits everyone. Everyone’s needs are different so your insurance should reflect that For instance, these questions could help you determine whether your personal situation will benefit from professional help.
If you can’t answer these questions but you think they might apply to your situation, you might consider talking to a licensed agent. To find lower rates from a local agent, simply complete this short form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and you can get the answers you need.
Having a good grasp of insurance can help you determine the right coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. These are typical coverage types available from insurance companies.
Medical payments and Personal Injury Protection insurance kick in for immediate expenses such as surgery, nursing services, EMT expenses and funeral costs. They are often used to fill the gap from your health insurance plan or if you are not covered by health insurance. It covers all vehicle occupants and will also cover being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
Liability coverage will cover injuries or damage you cause to people or other property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Alternatively, you may have a combined limit which limits claims to one amount with no separate limits for injury or property damage.
Liability can pay for things like structural damage, legal defense fees, medical services and bail bonds. The amount of liability coverage you purchase is your choice, but buy as large an amount as possible.
Collision insurance covers damage to your Compass resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.
Collision can pay for claims such as sideswiping another vehicle, driving through your garage door and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.
This coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Jeep Compass.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.
This covers damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as damage from getting keyed, theft, a tree branch falling on your vehicle, a broken windshield and hitting a bird. The maximum amount your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
When getting auto insurance quotes online, it’s a bad idea to skimp on coverage in order to save money. Too many times, someone dropped liability coverage limits and discovered at claim time that the savings was not a smart move. The goal is to buy the best coverage you can find for the lowest cost.
A few companies may not provide online rate quotes and most of the time these smaller providers only sell through independent agents. More affordable car insurance is possible on the web as well as from independent agents, so you need to compare both to have the best chance of lowering rates.
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