Do you think you bought high-priced insurance? You’re preaching to the choir because there are lots of people in the same boat.
You have multiple car insurance companies to buy insurance from, and although it’s nice to have a choice, so many choices can make it hard to compare rates.
It’s smart to compare premium rates quite often because insurance prices change quite often. Just because you found the lowest price for i-MiEV insurance a year ago you may be paying too much now. Forget anything you know (or think you know) about insurance because it’s time to teach you one of the easiest ways to remove unneeded coverages and save money.
Choosing the best insurance company for you is easy if you know what you’re doing. If you have car insurance now, you will be able to lower your premiums substantially using this information. Although drivers need to learn how companies sell insurance online and apply this information to your search.
Many insurance companies such as State Farm, GEICO and Progressive give prices for coverage direct online. Getting online rates is quite simple as you just type in your personal and coverage information as requested by the quote form. Behind the scenes, the company’s rating system orders your credit score and driving record and quotes a price based on these and other factors. Being able to quote online simplifies rate comparisons, but the process of having to visit multiple sites and type in the same data gets old quite quickly. But it’s very important to get many rate quotes if you want to find the lowest insurance coverage rates.
The preferred way to compare insurance coverage pricing is to use a quote form that gets price quotes from a lot of companies. It saves time, helps eliminate reptitive entry, and makes online quotes much more efficient. Immediately after you send the form, it is rated and you can select your choice of the price quotes you receive. If you find a better price you simply finish the application and buy the new coverage. The whole process takes less than 15 minutes and may save quite a bit of money.
To save time and compare pricing, click here to open in new window and begin entering your coverage information. If you have your current policy handy, we recommend you input the coverage information as close as possible to your current policy. Doing this assures you will have rate quotes for the exact same coverage.
Companies that sell car insurance don’t always list every discount they offer very well, so we researched a few of the more common as well as the least known credits available to bring down your rates.
As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only apply to individual premiums such as liability and collision coverage. Even though it may seem like you would end up receiving a 100% discount, insurance coverage companies aren’t that generous.
A few of the larger companies and their possible discounts are detailed below.
If you are trying to find affordable insurance quotes, ask all the companies to apply every possible discount. Some credits may not apply to policyholders in your area.
When buying adequate coverage, there is no single plan that fits everyone. Everyone’s needs are different so this has to be addressed. For instance, these questions can help discover whether you would benefit from an agent’s advice.
If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.
Learning about specific coverages of your car insurance policy can be of help when determining appropriate coverage at the best deductibles and correct limits. Car insurance terms can be difficult to understand and coverage can change by endorsement. These are the usual coverages found on the average car insurance policy.
Coverage for medical expenses
Medical payments and Personal Injury Protection insurance pay for bills for funeral costs, pain medications and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible
Coverage for uninsured or underinsured drivers
This gives you protection when other motorists do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your Mitsubishi i-MiEV.
Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea.
Liability car insurance
This can cover damage that occurs to other’s property or people. It protects YOU against other people’s claims, and does not provide coverage for damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.
Liability can pay for claims like attorney fees, bail bonds, court costs and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.
Collision coverage protection
Collision insurance pays for damage to your i-MiEV resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers things such as hitting a parking meter, hitting a mailbox and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible to save money on collision insurance.
Comprehensive car insurance
This covers damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as theft, damage from flooding, fire damage and damage from a tornado or hurricane. The most your car insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.