High-priced auto insurance can drain your bank account and make it tough to pay other bills.
Many insurance companies vie for your insurance dollar, so it’s not easy to compare every company and uncover the absolute best rate
If you currently have car insurance, you stand a good chance to be able to cut costs considerably using this strategy. Finding the best rates is easy if you know what you’re doing. Nevertheless, car owners need to learn the way insurance companies sell online.
Some insurance providers don’t list all their discounts very well, so the next list breaks down a few of the more common and the more hidden discounts that you can inquire about if you buy insurance online.
Keep in mind that some credits don’t apply to your bottom line cost. A few only apply to individual premiums such as physical damage coverage or medical payments. So even though you would think it’s possible to get free car insurance, companies don’t profit that way. But any discount will lower your policy cost.
A list of insurance companies and a partial list of their discounts are detailed below.
Check with each company which discounts can lower your rates. Savings may not apply in your area. To find insurance companies who offer cheap insurance quotes, click here to view.
When it comes to buying proper insurance coverage, there is no “best” method to buy coverage. Each situation is unique so your insurance should reflect that For instance, these questions might help in determining whether or not you might need an agent’s assistance.
If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area.
Big name companies like 21st Century, Allstate and State Farm regularly use ads on television and other media. They all advertise the message that you can save if you change to their company. It sounds good, but how can they all say the same thing? It’s all in how they say it.
All companies quote the lowest rates for the right customer that earns them the highest profit. One example of a driver they prefer may need to be between 25 and 40, carries full coverage, and drives a safe vehicle. Any driver that meets those criteria is entitled to the best price and therefore will save when switching.
People who do not fit these standards will probably have to pay higher rates which results in the prospect going elsewhere. Company advertisements say “people that switch” not “all people who quote” save that kind of money. That’s why companies can lure you into getting a quote.
This really drives home the point why you need to compare as many free insurance quotes as you can. It’s impossible to know with any certainty which company will provide the lowest rates.
Understanding the coverages of your car insurance policy aids in choosing the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average car insurance policy.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Dodge Charger.
Due to the fact that many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these coverages are identical to your policy’s liability coverage.
Liability – Liability coverage will cover damage or injury you incur to people or other property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 which means $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Another option is one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims like medical expenses, repair costs for stationary objects, emergency aid and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as large an amount as possible.
Collision coverages – This coverage will pay to fix damage to your Charger caused by collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as crashing into a ditch, rolling your car and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.
Comprehensive auto coverage – This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims like a broken windshield, a tree branch falling on your vehicle, hitting a bird, fire damage and hail damage. The maximum amount your car insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for immediate expenses like surgery, ambulance fees and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
While you’re price shopping online, make sure you don’t buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped collision coverage and found out when filing a claim they didn’t have enough coverage. The aim is to purchase a proper amount of coverage at the best price.
We just covered quite a bit of information on how to reduce 2015 Dodge Charger insurance car insurance rates online. It’s most important to understand that the more companies you get premium rates for, the better your comparison will be. You may even find the best car insurance rates are with some of the smallest insurance companies. Smaller companies can often insure niche markets at a lower cost than their larger competitors like Progressive and GEICO.