Buying cheaper insurance can be difficult for drivers who are new to comparing rates on the internet. With so many options of online companies available, how are we expected to efficiently compare each option to find the best price?
It’s smart to check insurance prices before your next renewal because insurance prices are rarely the same from one policy term to another. Just because you had the best price for DTS insurance two years ago you can probably find a better rate quote now. Ignore everything you know about insurance because it’s time to teach you the only way to find lower rates on insurance.
There are several ways you can shop for insurance but one way is easier and takes less work. You can waste a lot of time talking about coverages with insurance companies in your area, or you can stay home and use online quoting to get pricing more quickly.
Most of the larger companies belong to an insurance system where prospective buyers enter their policy data once, and every company then returns a price quote based on that data. This system prevents you from having to do quotation requests for each company.
To enter your information into the quoting system, click here (opens in new window).
The only downside to using this type of system is you don’t know exactly which providers to get pricing from. So if you want to select specific providers to compare rates, we have a listing of companies who write insurance in your area. View list of insurance companies.
Whichever method you choose, do your best to enter identical coverage limits and deductibles for every company. If each company quotes different data it will be next to impossible to make a fair rate comparison. Slightly different coverages may result in large price differences. Keep in mind that comparing a large number of companies helps increase your odds of locating a better price.
Some insurers don’t always list all disounts very well, so the following is a list of both the well known and also the lesser-known discounts that you may qualify for. If you are not receiving all the discounts you deserve, you could be paying more than you need to.
Discounts reduce rates, but you should keep in mind that some credits don’t apply to the entire policy premium. Most only apply to the cost of specific coverages such as comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, you aren’t that lucky. But any discount should help lower your overall bill.
Some of the larger companies that have these money-saving discounts may include but are not limited to:
Before you buy a policy, ask each company the best way to save money. Some of the discounts discussed earlier might not be offered on policies in your area.
When buying coverage, there isn’t really a cookie cutter policy. Everyone’s situation is a little different.
Here are some questions about coverages that might point out whether your personal situation could use an agent’s help.
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form.
Having a good grasp of a car insurance policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.
Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as hitting a deer, damage from flooding and hitting a bird. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Medical expense coverage
Med pay and PIP coverage reimburse you for immediate expenses like chiropractic care, dental work, pain medications and surgery. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available and may carry a deductible
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Cadillac DTS.
Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.
Collision coverage protection
Collision coverage covers damage to your DTS resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as hitting a parking meter, sideswiping another vehicle, hitting a mailbox, crashing into a ditch and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.
Coverage for liability
This coverage provides protection from damage that occurs to a person or their property. It protects YOU from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.
Liability can pay for claims such as court costs, legal defense fees, repair costs for stationary objects and funeral expenses. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible.