Are you kicking yourself for buying an underperforming, overpriced car insurance policy? Trust us when we tell you there are many consumers feeling the pinch from expensive car insurance.
Multiple auto insurance companies compete for your insurance dollar, and it can be difficult to compare rates to discover the definitive lowest price
One of the most helpful ways to save on insurance is to to have a grasp of the rating factors that come into play when calculating the rates you pay for insurance. If you understand what determines base rates, this helps enable you to make changes that can earn you big savings. Many factors are part of the equation when premium rates are determined. Some are obvious such as your driving record, but other factors are not as apparent like where you live or how financially stable you are.
Some providers do not list the entire discount list very well, so the following list contains some of the best known as well as some of the hidden credits available to bring down your rates. If you’re not getting every credit you deserve, you could be saving more on your auto insurance.
Discounts save money, but please remember that many deductions do not apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, you’re out of luck.
If you would like to see a list of providers with the best auto insurance discounts, click here.
When buying adequate coverage for your vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different so this has to be addressed. These are some specific questions may help you determine if your insurance needs might need professional guidance.
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.
Understanding the coverages of insurance aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages available from insurance companies.
This coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, theft, fire damage, hitting a bird and vandalism. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision coverage pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims such as damaging your car on a curb, colliding with another moving vehicle, hitting a mailbox and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. You can also choose a higher deductible to bring the cost down.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses such as dental work, pain medications, hospital visits and surgery. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers both the driver and occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay
This coverage protects you from damage or injury you incur to a person or their property by causing an accident. It protects YOU against other people’s claims, and doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability insurance covers claims such as structural damage, medical services and pain and suffering. How much liability should you purchase? That is a decision to put some thought into, but buy higher limits if possible.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your Lincoln MKT.
Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Normally these limits are similar to your liability insurance amounts.
We covered some good ideas how to lower your 2013 Lincoln MKT 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 lowest priced auto insurance comes from a small local company. Some small companies may only write in your state and offer lower prices as compared to the big name companies such as State Farm, GEICO and Nationwide.
Affordable 2013 Lincoln MKT insurance can be bought online and also from your neighborhood agents, so you need to quote insurance with both to have the best selection. Some insurance companies may not provide online rate quotes and most of the time these small insurance companies only sell coverage through independent agencies.
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