Have you finally had enough of sacrificing to pay your car insurance bill each month? You are no different than the majority of other vehicle owners. Companies like State Farm, Allstate, GEICO and Progressive continually bombard you with fancy advertisements and it can be hard to see through the cute green geckos and mayhem and take the time to shop coverage around.
You need to do rate comparisons before your next renewal because insurance prices go up and down regularly. Just because you found the lowest rates on Renegade insurance last year you will most likely find a better premium rate today. Forget anything you know (or think you know) about car insurance because you’re about to find out the quickest way to lower your rates without sacrificing coverage.
If you have a policy now or need new coverage, you can use these tips to reduce the price you pay while maintaining coverages. Finding affordable coverage is easy if you know what you’re doing. Drivers just need to learn how to compare price quotes online.
The best way to find cheaper insurance is to take a look at some of the factors that play a part in calculating your policy premiums. When you understand what influences your rates, this allows you to make educated decisions that may result in lower premium levels. Many things are used in the calculation when you get your auto insurance bill. Some are obvious such as your driving history, but other criteria are less obvious like your continuous coverage or your commute time.
The following are some of the most rate-impacting factors that factor into premiums.
Car insurance companies don’t always advertise all disounts in an easy-to-find place, so the following list contains a few of the more common as well as some of the hidden ways to save on car insurance.
Discounts lower rates, but some credits don’t apply to the entire cost. Most only cut individual premiums such as physical damage coverage or medical payments. So when the math indicates it’s possible to get free car insurance, companies wouldn’t make money that way.
A few popular companies and a selection of discounts can be read below.
If you want inexpensive car insurance quotes, ask every insurance company which credits you are entitled to. Some discounts might not be offered on policies everywhere. To see a list of insurance companies who offer free car insurance quotes, click here to view.
Consumers get pounded daily by advertisements that promise big savings for switching from companies such as Allstate, GEICO and Progressive. All the ads make the point about saving some big amount if you switch your policy.
How does every auto insurance company offer you a better deal? This is the trick they use.
Most companies quote their cheapest rates for a prospective insured that earns them a profit. An example of a driver they prefer may need to be between the ages of 30 and 50, carries high limits, and has excellent credit. Someone that fits those parameters receives the best car insurance rates and is almost guaranteed to save when they switch companies.
Potential customers who don’t qualify for those standards may be required to pay a higher rate and ends up with the customer buying from a different company. If you listen to the ad wording, they say “people that switch” but not “all drivers who get quotes” save that much when switching. This is how companies can truthfully make it sound like they have such great car insurance rates. This really emphasizes why you absolutely need to compare many company’s car insurance rates. It’s just not possible to know the company that will have the lowest rates.
When choosing the best car insurance coverage for your vehicles, there is no cookie cutter policy. Each situation is unique so this has to be addressed. These are some specific questions might point out if your situation would benefit from an agent’s advice.
If you’re not sure about those questions but a few of them apply, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It’s fast, free and may give you better protection.
Understanding the coverages of auto insurance can be of help when determining appropriate coverage for your vehicles. Policy terminology can be impossible to understand and coverage can change by endorsement. Listed below are the normal coverages offered by auto insurance companies.
Coverage for uninsured or underinsured drivers – This gives you protection 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 and damage to your Jeep Renegade.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Collision coverage – This pays for damage to your Renegade resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims such as crashing into a ditch, sideswiping another vehicle, damaging your car on a curb, rolling your car and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible to bring the cost down.
Auto liability insurance – This coverage can cover damage or injury you incur to people or other property in an accident. It protects YOU against other people’s claims. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see values of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.
Liability coverage pays for things like bail bonds, loss of income and pain and suffering. How much liability coverage do you need? That is a personal decision, but consider buying as high a limit as you can afford.
Comprehensive auto insurance – This coverage covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as a tree branch falling on your vehicle, theft, hitting a deer and rock chips in glass. The maximum payout your auto insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Coverage for medical expenses – Coverage for medical payments and/or PIP pay for immediate expenses for EMT expenses, dental work, ambulance fees and prosthetic devices. They are often utilized in addition to your health insurance policy or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage
We just presented a lot of ways to save on 2015 Jeep Renegade insurance. The key concept to understand is the more rate comparisons you have, the better chance you’ll have of finding cheaper car insurance. Consumers could even find that the lowest priced car insurance comes from the least-expected company. These companies may only write in your state and offer lower auto insurance rates as compared to the big name companies such as Progressive or GEICO.
When getting car insurance quotes online, don’t be tempted to buy less coverage just to save a little money. In many instances, an accident victim reduced comprehensive coverage or liability limits only to find out that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage at the best price and still be able to protect your assets.