2014 Maserati GranTurismo Car Insurance Cost – 7 Tips to Save

Being forced to pay for expensive insurance coverage premiums can draw down your savings, especially in this economy. Comparing rate quotes is a fast and free way to reduce premiums and put more money in your pocket.

Companies like Progressive, State Farm and GEICO constantly bombard you with advertising and it is difficult to avoid their marketing magic and find the best price available.

The quickest method to compare rate quotes utilizes the fact most of the larger companies allow for online access to give you rate quotes. The one thing you need to do is take a few minutes to give details like driver ages, if the vehicle is leased, marital status, and if you are currently licensed. That rating information gets transmitted to multiple companies and they return rate quotes within a short period of time.

Don’t overlook these seven insurance discounts

Companies offering auto insurance don’t list the complete list of policy discounts in an easy-to-find place, so below is a list a few of the more well known as well as some of the hidden ways to save on insurance. If you are not receiving all the discounts possible, you could be getting lower rates.

  • Good Grades Discount – Getting good grades can get you a discount of up to 25%. You can use this discount normally until age 25.
  • Driver’s Ed – It’s a good idea to have your young drivers complete a driver education course in high school.
  • Passenger Safety Discount – Vehicles equipped with air bags may earn rate discounts up to 30%.
  • Membership in Organizations – Having an affiliation with qualifying employment or professional organizations may earn a discount when getting a car insurance quote.
  • Accident Forgiveness – Not necessarily a discount, but some companies like Libery Mutual, GEICO and Allstate will let one accident slide before your rates go up as long as you don’t have any claims for a specific time period.
  • Include Life Insurance and Save – If the company offers life insurance, you could get lower premium rates if you buy life insurance from them.
  • Payment Discounts – If you can afford to pay the entire bill instead of paying each month you could save up to 5%.

Discounts lower rates, but most credits do not apply to the overall cost of the policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Despite the fact that it seems like adding up those discounts means a free policy, insurance companies wouldn’t stay in business. Any qualifying discounts will reduce your policy cost.

To find insurance companies that offer many of these discounts, follow this link.

When to get professional advice

When it comes to choosing proper insurance coverage, there isn’t really a “perfect” insurance plan. Every insured’s situation is different so your insurance should reflect that For instance, these questions could help you determine whether your personal situation might need an agent’s assistance.

  • How high should deductibles be on a 2014 Maserati GranTurismo?
  • Should I get collision insurance on every vehicle?
  • Exactly who is provided coverage by my policy?
  • What should my uninsured motorist coverage limits be in my state?
  • Does insurance cover damages from a DUI accident?
  • Does my policy cover my teen driver if they drive my company car?
  • Do I need more liability coverage?
  • Is my babysitter covered when using my vehicle?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

But they said I’d save $393 a year!

Well-known auto insurance companies like Progressive, GEICO, Allstate and State Farm continually stream ads on television and other media. They all make an identical promise about savings if you switch to them. Is it even possible that every company can make the same claim? Just pay attention to how they say it.

All the different companies have strict underwriting profiles for the type of driver that will generate a profit. For example, a driver they prefer could be a mature driver, owns a home, and insures a new vehicle. A customer that matches those criteria will get low car insurance rates and will most likely save some money.

Potential insureds who don’t measure up to the ideal profile may be required to pay higher premium rates and the customer buying from someone else. The trick is to say “drivers that switch” not “all people who quote” save that much. This is how companies can truthfully make claims like that. This emphasizes why you really need to get price quotes at each policy renewal. Because without a comparison, you cannot know which insurance companies will provide the lowest prices.

Specific coverage details

Knowing the specifics of your insurance policy can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages found on most insurance policies.

Liability coverages

This will cover injuries or damage you cause to a person or their property. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values 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 coverage protects against claims like medical expenses, loss of income and emergency aid. How much coverage you buy is your choice, but buy higher limits if possible.

Coverage for collisions

Collision insurance covers damage to your GranTurismo from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims like scraping a guard rail, colliding with another moving vehicle, sideswiping another vehicle and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for rehabilitation expenses, surgery, funeral costs and nursing services. They are often utilized in addition to your health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims like hitting a bird, a tree branch falling on your vehicle and hitting a deer. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

At the end of the day…

When searching for inexpensive car insurance quotes, it’s very important that you do not buy lower coverage limits just to save a few bucks. In too many instances, someone sacrificed liability coverage limits only to regret that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at the best price, but don’t skip important coverages to save money.

We just covered a lot of information how to reduce 2014 Maserati GranTurismo insurance rates online. The most important thing to understand is the more companies you get car insurance rates for, the better likelihood of getting low cost car insurance. Consumers could even find that the best rates are with an unexpected company. Smaller companies can often provide lower car insurance rates in certain areas than their larger competitors like State Farm or Progressive.

Much more information about insurance coverage can be found below: