Have you finally had enough of sacrificing to pay insurance each month? You’re in the same situation as many other drivers.
Big-name insurance companies like Progressive, GEICO and Farmers Insurance all claim big savings with fancy advertisements and it can be hard to ignore the flashy ads and do the work needed to find the best deal.
If you are paying for car insurance now, you stand a good chance to be able to lower your premiums substantially using this strategy. Finding the best rates is not rocket science. But vehicle owners can benefit by having an understanding of the way insurance companies market insurance on the web because it can help you find the best coverage.
To find cheaper prices, there are a couple of ways to compare rate quotes from local auto insurance companies. By far the easiest way to do a complete rate comparison is simply to get online rate quotes. This is quite simple and can be completed in just a few minutes using one of these methods.
The easiest and least time consuming way to find the lowest comparison rates would be an industry-wide quote request form click here to open form in new window. This style of form keeps you from doing repetitive form entry for every prospective company. Filling out one form gets insurance cost estimates from many national carriers.
A less efficient way to compare rate quotes requires visiting each company’s website and repeat the quote process. For examples sake, let’s assume you want to compare Allstate, 21st Century and State Farm. In order to get each rate, you would have to go to each individual site and enter your policy data, which can get rather old. To view a list of companies in your area, click here.
The approach you take is up to you, just ensure you’re using nearly identical coverage limits and deductibles on every quote you get. If your comparisons have higher or lower deductibles you will not be able to find the best deal for your Mitsubishi Outlander Sport. Slightly different insurance coverages or limits may result in large price differences. It’s important to know that comparing all the rates in your area provides better odds of finding a lower rate.
Buying car insurance is not cheap, but you can get discounts that you may not even be aware of. Many of these discounts will be applied automatically at quote time, but some may not be applied and must be asked for before being credited.
A quick disclaimer, most discounts do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. If you do the math and it seems like you would end up receiving a 100% discount, car insurance companies aren’t that generous.
Popular car insurance companies and a partial list of their discounts are included below.
If you need lower rates, check with every prospective company which discounts can lower your rates. Some of the earlier mentioned discounts might not be offered on policies in your area. To locate car insurance companies that offer multiple discounts, follow this link.
When it comes to buying adequate coverage, there isn’t really a best way to insure your cars. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions might point out if you would benefit from an agent’s advice.
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area.
Knowing the specifics of your policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages found on most auto insurance policies.
Comprehensive coverage – This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as falling objects, a broken windshield and hail damage. The highest amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Auto liability insurance – This can cover damage that occurs to other people or property. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.
Liability insurance covers things like funeral expenses, medical expenses, repair costs for stationary objects, loss of income and bail bonds. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.
Medical payments coverage and PIP – Personal Injury Protection (PIP) and medical payments coverage pay for expenses such as X-ray expenses, hospital visits and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible
Collision coverage – This coverage pays to fix your vehicle from damage resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers things such as driving through your garage door, sustaining damage from a pot hole, rolling your car and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible to save money on collision insurance.
Uninsured/Underinsured Motorist coverage – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and also any damage incurred to your Mitsubishi Outlander Sport.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these limits are similar to your liability insurance amounts.