Have you finally had enough of sacrificing to pay your insurance coverage bill each month? You’re in the same situation as millions of other consumers. Consumers have so many car insurance companies to buy insurance from, and although it’s nice to have a choice, it makes it harder to find the lowest rates.
Finding the best rates is not rocket science. If you currently have a car insurance policy, you will most likely be able to save some money using these techniques. Drivers only need an understanding of the best way to buy auto insurance online.
There are multiple methods to compare car insurance quotes, but some are less labor-intensive and much quicker. You can spend countless hours talking to agents in your area, or you could use the internet to maximize your effort.
Most car insurance companies belong to a marketplace that enables customers to submit one quote, and each company can provide price quotes based on that data. This eliminates the need for form submissions to every company.
To find out how much you’re overpaying now click here to open in new window.
The one disadvantage to using this type of form is that consumers can’t choose which providers you want pricing from. So if you prefer to pick from a list of companies to compare prices, we put together a list of low cost car insurance companies in your area. Click to view list.
Take whichever approach you prefer, but make darn sure you compare apples-to-apples quote information for every quote you compare. If the quotes have unequal deductibles or liability limits you will not be able to make a fair rate comparison.
Not too many consumers would say car insurance is affordable, but you might find some hidden discounts to reduce the price significantly. Certain credits will be shown at the time of quoting, but less common discounts must be asked about before they will apply.
Please keep in mind that most of the big mark downs will not be given to the entire policy premium. Most cut specific coverage prices like comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, companies wouldn’t make money that way. But any discount will positively reduce the cost of your policy.
To see car insurance companies with significant discounts, click here to view.
When it comes to choosing the best insurance coverage for your personal vehicles, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For example, these questions may help you determine whether your personal situation would benefit from professional advice.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
Knowing the specifics of your auto insurance policy can be of help when determining which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find the normal coverages offered by auto insurance companies.
Uninsured and underinsured coverage
This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your 2014 Ford Five Hundred.
Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.
Collision coverage protection
This will pay to fix damage to your Five Hundred caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for claims like colliding with a tree, rolling your car, hitting a mailbox, driving through your garage door and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.
This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage pays for things like hitting a deer, damage from a tornado or hurricane, vandalism, fire damage and falling objects. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Coverage for medical payments
Med pay and PIP coverage reimburse you for expenses for X-ray expenses, hospital visits, pain medications, ambulance fees and surgery. They are often used to fill the gap from your health insurance plan or if there is no health insurance coverage. They cover both the driver and occupants as well as being hit by a car walking across the street. Personal Injury Protection is not an option in every state and may carry a deductible
Liability auto insurance
This can cover damages or injuries you inflict on a person or their property by causing an accident. It protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see values of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery.
Liability coverage pays for things such as legal defense fees, funeral expenses, medical expenses and loss of income. How much liability should you purchase? That is a personal decision, but you should buy as much as you can afford.