Have you finally had enough of trying to scrape together enough money to keep your car insured? You are no different than most other drivers. Multiple insurance companies compete for your insurance dollar, so it’s not easy to compare every insurance company to find the lowest rate possible.
It’s smart to compare rates occasionally due to the fact that insurance prices are adjusted regularly by insurance companies. Just because you had the best rates on Camaro coverage two years ago there may be better deals available now. Block out anything you think you know about car insurance because we’re going to show you the only way to lower your annual insurance bill.
Multiple criteria are part of the equation when pricing auto insurance. Some of the criteria are obvious like your driving record, but other factors are more obscure like your continuous coverage or how financially stable you are.
Listed below are a partial list of the pieces used by your company to calculate prices.
Comparing car insurance rates can be challenging if you don’t utilize the fastest way to get free quotes. You could spend the better part of a day driving to local insurance agents in your area, or you can stay home and use online quotes to get prices fast.
Most of the larger companies belong to a marketplace where prospective buyers submit one quote, and each participating company then gives them pricing based on that information. This eliminates the need for repetitive form submissions for each company you want a rate for.
To fill out one form to compare multiple rates now click here (opens in new window).
One minor caviat to comparing rates this way is buyers cannot specifically choose which providers you want to price. So if you want to choose individual companies for rate comparison, we put together a list of low cost car insurance companies in your area. Click to view list.
The approach you take is up to you, just ensure you are comparing equivalent information for each quote you get. If the quotes have higher or lower deductibles it will be impossible to get a fair rate comparison.
Some companies do not list every available discount very clearly, so the following list contains some of the best known and also the lesser-known credits available to bring down your rates.
Just know that many deductions do not apply to the entire policy premium. The majority will only reduce specific coverage prices like collision or personal injury protection. So even though you would think you could get a free auto insurance policy, you aren’t that lucky.
Some companies that may have these benefits are:
When getting free insurance coverage quotes, it’s a good idea to each company or agent the best way to save money. All car insurance discounts might not be offered in your area. If you would like to see a list of insurance companies who offer auto insurance discounts, click here.
When it comes to choosing adequate coverage for your personal vehicles, there really is no “perfect” insurance plan. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions may help you determine whether you would benefit from an agent’s advice.
If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Having a good grasp of your insurance policy aids in choosing the right coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverage types found on the average insurance policy.
This protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Chevy Camaro.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.
This coverage protects you from damage or injury you incur to other’s property or people. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. 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 things such as repair bills for other people’s vehicles, medical expenses, emergency aid, legal defense fees and attorney fees. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.
Collision coverage protection
This coverage covers damage to your Camaro resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage pays for claims such as damaging your car on a curb, driving through your garage door, sustaining damage from a pot hole and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider removing coverage from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses such as rehabilitation expenses, doctor visits and ambulance fees. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. They cover both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage
Comprehensive or Other Than Collision
Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as damage from flooding, hitting a bird and vandalism. The maximum payout you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
As you restructure your insurance plan, it’s a bad idea to buy poor coverage just to save money. There have been many situations where an accident victim reduced collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal is to get the best coverage possible at a price you can afford while still protecting your assets.
We’ve covered a lot of tips how to save on 2014 Chevy Camaro insurance. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding cheaper insurance coverage. Consumers may even find the lowest rates are with a small local company. These smaller insurers often have lower car insurance rates on specific markets than their larger competitors like State Farm or Progressive.