Locating the most affordable insurance may be overwhelming for consumers who are beginners to quoting and comparing prices on the web. With such a big selection of agents and companies competing online, how can consumers have time to compare every company in order to find better rates?
You should make it a habit to get comparison quotes periodically because insurance rates are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest rate for Flex coverage six months ago you can probably find a better price now. Forget anything you know (or think you know) about insurance because you’re about to learn the tricks you need to know to eliminate unnecessary coverages and save money.
The purpose of this post is to help educate you on the most effective way to quote insurance and some money-saving tips. If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using this strategy. But vehicle owners can benefit from knowing the methods companies use to determine prices.
To find cheap prices, there are a couple of ways to obtain and compare prices from many car insurance companies in your state. The simplest method to comparison shop is to perform an online rate comparison. This can be accomplished in just a few minutes using one of these methods.
It’s your choice how you get your quotes, but make sure you use nearly identical coverage limits for every quote you compare. If your comparisons have higher or lower deductibles you will not be able to determine the best price for your Ford Flex. Slightly different limits could skew the results. And when quoting car insurance, remember that comparing a wide range of rates will enable you to find better pricing.
Insurance can be prohibitively expensive, but there are discounts available to help offset the cost. Certain reductions will be credited at quote time, but some discounts are required to be asked for before being credited.
It’s important to note that most discount credits are not given to the entire policy premium. Most only cut specific coverage prices like liability, collision or medical payments. Just because you may think all those discounts means the company will pay you, company stockholders wouldn’t be very happy.
A list of auto insurance companies and some of the premium reductions they offer are:
When comparing rates, check with every prospective company the best way to save money. Some of the earlier mentioned discounts may not apply to policyholders in your state.
Multiple criteria are considered when premium rates are determined. Some factors are common sense such as traffic violations, although some other factors are more transparent such as your marital status and annual miles driven.
Shown below are most of the major factors utilized by car insurance companies to help set prices.
When buying proper insurance coverage, there isn’t really a one size fits all plan. Every insured’s situation is different.
Here are some questions about coverages that may help you determine whether or not you could use an agent’s help.
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form.
Having a good grasp of your insurance policy can be of help when determining the right coverages and proper limits and deductibles. Policy terminology can be confusing and even agents have difficulty translating policy wording.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Ford Flex.
Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Frequently these coverages are similar to your liability insurance amounts.
Medical payments and PIP coverage
Med pay and PIP coverage pay for immediate expenses for things like dental work, surgery, prosthetic devices and pain medications. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage
Liability car insurance
Liability coverage can cover injuries or damage you cause to other people or property in an accident. This coverage protects you from legal claims by others. It does not cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 100/300/100 that translate to $100,000 bodily injury coverage, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.
Liability coverage pays for things such as medical expenses, loss of income, structural damage and bail bonds. How much coverage you buy is up to you, but consider buying as large an amount as possible.
Collision coverage protection
Collision coverage pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against things like scraping a guard rail, hitting a parking meter, sideswiping another vehicle, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to save money on collision insurance.
Comprehensive auto coverage
Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as hitting a bird, hitting a deer, vandalism and theft. The most your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
When you buy insurance online, it’s a bad idea to buy less coverage just to save a little money. There have been many cases where an insured cut liability coverage limits and learned later that it was a big error on their part. The goal is to find the BEST coverage at the best possible price and still be able to protect your assets.
We’ve covered many tips how you can lower your 2009 Ford Flex insurance premium rates. The most important thing to understand is the more companies you get prices for, the better your comparison will be. You may be surprised to find that the biggest savings come from an unexpected company.
Lower-priced 2009 Ford Flex insurance can be found both online and from local insurance agents, so you should compare both to have the best chance of lowering rates. Some insurance providers do not offer the ability to get quotes online and usually these regional carriers prefer to sell through independent insurance agencies.