Finding cheaper auto insurance online may at first seem to be rather challenging for beginners to comparing and buying auto insurance on the internet. With such a large number of agents and companies, how are we expected to be able to compare every company to locate cheaper auto insurance prices?
To find inexpensive auto insurance quotes, there are several ways to compare rate quotes from different insurance companies. By far the easiest way to comparison shop is to use the internet to compare rates. It is quite easy and can be accomplished in several different ways.
To view a list of companies in your area, click here.
Which method you use is up to you, but ensure you’re using the exact same quote data on every quote you get. If your comparisons have different deductibles it will be very difficult to determine the lowest rate for your Maserati GranTurismo. Even a minor difference in limits can result in a big premium difference. It’s important to know that making a lot of price comparisons will improve the odds of getting the best rates.
Insurance companies such as Allstate, GEICO and Progressive continually stream ads on TV and radio. All the ads say the same thing that you can save if you move your coverage to them. How does every company sell you cheaper insurance coverage? This is the trick they use.
Companies look for specific characteristics for the driver that is profitable for them. For instance, a profitable risk profile might be described as married and over the age of 30, has no claims, and drives a vehicle with a low ISO rating. Any driver that meets those criteria is entitled to the best price and have a good chance to save when switching.
Potential insureds who don’t measure up to this ideal profile may receive higher premium rates which leads to the customer not buying. The ad wording is “people that switch” not “everyone that quotes” save that much when switching. That’s the way insurance companies can make the claims of big savings. This illustrates why it is so important to quote coverage with many companies. It is just not possible to predict with any certainty which company will give you lower rates than your current company.
Companies offering auto insurance do not advertise all disounts very clearly, so here is a list both well-publicized and also the lesser-known credits available to lower your premiums when you buy auto insurance online.
As is typical with insurance, most discount credits are not given to the entire cost. Some only reduce individual premiums such as collision or personal injury protection. Just because you may think you can get free auto insurance, you won’t be that lucky.
Insurance companies that may have most of these discounts include:
When quoting, ask each insurance company the best way to save money. Some discounts might not be offered on policies in your area.
When it comes to choosing the best insurance coverage coverage, there really is no “perfect” insurance plan. Every situation is different.
Here are some questions about coverages that can help discover whether your personal situation might need professional guidance.
If you’re not sure about those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.
Understanding the coverages of a auto insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and reading a policy is terribly boring.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.
Coverage for liability – Liability coverage can cover damage or injury you incur to a person or their property in an accident. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 that translate to $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.
Liability coverage pays for things such as medical expenses, court costs and structural damage. How much liability should you purchase? That is a decision to put some thought into, but buy as much as you can afford.
Comprehensive auto coverage – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims such as damage from getting keyed, falling objects and damage from a tornado or hurricane. The maximum payout you’ll receive from a claim 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.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as X-ray expenses, prosthetic devices, pain medications and hospital visits. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Collision coverages – Collision coverage will pay to fix damage to your GranTurismo resulting from a collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things such as crashing into a ditch, scraping a guard rail and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.
Consumers who switch companies do it for a variety of reasons including lack of trust in their agent, policy non-renewal, an unsatisfactory settlement offer or high rates after DUI convictions. Regardless of your reason for switching companies, finding a new company is not as hard as you think.
When shopping online for insurance, you should never reduce coverage to reduce premium. In many instances, an accident victim reduced comprehensive coverage or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to purchase a proper amount of coverage for the lowest price, not the least amount of coverage.
We’ve covered some good ideas how you can save on 2010 Maserati GranTurismo insurance. The key thing to remember is the more rate comparisons you have, the better your comparison will be. You may even find the biggest savings come from some of the lesser-known companies.
More detailed insurance information is available in the articles below: