Trying to come up with a payment for overpriced auto insurance can empty your checking account and put a big crunch on your finances. Getting a rate comparison is a fast and free way to ensure you are getting the best deal.
There is such a variety of insurance companies to choose from, and although it’s nice to have a selection, more choices can make it harder to adequately compare rates.
Insuring your fleet can be pricey, but there could be available discounts to reduce the price significantly. Some discounts will apply when you quote, but a few need to be specifically requested before they will apply.
As a disclaimer on discounts, most discounts do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, it’s just not the way it works.
A list of insurance coverage companies and their offered discounts are shown below.
Double check with each insurance company which discounts you may be entitled to. A few discounts may not apply to policies in your state. To locate companies offering insurance coverage discounts, click here.
When it comes to buying proper insurance coverage, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that might point out whether your personal situation might need professional guidance.
Well-known auto insurance companies like Allstate and Progressive continually stream ads on television and other media. All the ads try to convey promises about savings just by switching your policy. Is it even possible that every company can offer drivers better rates? You have to listen carefully.
Most companies offer their best rates for the type of insured they prefer to insure. One example of this type of driver could possibly be over the age of 40, has no tickets, and drives less than 7,500 miles a year. Any person who matches those parameters will get a cheap rate quote and is almost guaranteed to pay quite a bit less when switching companies.
Drivers who are not a match for those criteria will be quoted higher prices and ends up with the customer buying from someone else. The ads say “people who switch” not “everyone who quotes” save the amount stated. That’s the way insurance companies can confidently make those statements.
Because of these techniques, drivers must get price quotes at each policy renewal. Because you never know which company will have the best prices at this point in time.
Knowing the specifics of your car insurance policy can be of help when determining the best coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Listed below are the usual coverages found on the average car insurance policy.
Comprehensive car insurance
Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like damage from flooding, a tree branch falling on your vehicle and a broken windshield. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Coverage for uninsured or underinsured drivers
This coverage provides protection from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your Jeep Patriot.
Due to the fact that many 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. Frequently the UM/UIM limits are identical to your policy’s liability coverage.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for dental work, ambulance fees, nursing services and surgery. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants and will also cover being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay
This can cover damage or injury you incur to other’s property or people by causing an accident. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers things like structural damage, bail bonds and medical services. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.
Collision coverage pays to fix your vehicle from damage resulting 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 things such as driving through your garage door, scraping a guard rail, damaging your car on a curb and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to raise the deductible to get cheaper collision coverage.
As you prepare to switch companies, make sure you don’t buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that they should have had better coverage. Your aim should be to buy enough coverage for the lowest price while still protecting your assets.
In this article, we presented some good ideas how to get a better price on 2008 Jeep Patriot insurance. The key concept to understand is the more providers you compare, the higher your chance of finding low cost insurance. You may even find the best premium rates are with a small local company. These companies may cover specific market segments cheaper compared to the large companies like State Farm or Progressive.
A few companies may not have internet price quotes and most of the time these smaller companies provide coverage only through independent agents. Low-cost 2008 Jeep Patriot insurance can be purchased online as well as from independent agents, and you need to comparison shop both in order to have the best chance of saving money.
Much more information about insurance coverage can be read at these links: