Car owners new to comparing rates online are likely to discover locating inexpensive car insurance is more work than they thought.
You need to compare rates yearly since rates are variable and change quite frequently. Just because you found the best rate for Optima insurance last year you may be paying too much now. Ignore everything you know about auto insurance because I’m going to teach you the proper way to find better rates and still maintain coverage.
The purpose of this post is to help you learn the best way to quote coverages and some tricks to saving. If you are paying for car insurance now, you stand a good chance to be able to save some money using this information. But drivers need to learn how insurance companies price insurance differently because it can help you find the best coverage.
When shopping for car insurance there are multiple ways to compare prices from companies that offer car insurance in your state. The simplest method to do a complete rate comparison is to jump online and get quotes. It’s really quite simple and can be done in just a few minutes using one of these methods.
Whichever way you use, make sure you compare the exact same information for each quote you get. If you compare different data it will be very difficult to get a fair rate comparison. Slightly different insurance coverages or limits may cause a big price difference. And when price shopping your coverage, obtaining a wide range of quotes will enable you to find better pricing.
State Farm, GEICO and Progressive constantly bombard you with ads in print and on television. All the ads say the same thing about savings just by moving your coverage. How is it possible that every company can charge less that you’re paying now?
All companies are able to cherry pick for the right customer that will add to their bottom line. For example, a profitable risk profile might have to be between 30 and 50, insures multiple vehicles, and drives less than 5,000 miles a year. A propective insured that meets those criteria will get low premium rates and have a good chance to save a lot of money.
Potential insureds who fall outside this stringent profile must pay a more expensive rate and this can result in the customer not purchasing. The ads state “customers who switch” not “everyone that quotes” will save that much if they switch. That’s the way insurance companies can make those claims.
Because of this risk profiling, you really need to do a quote comparison often. It’s just too difficult to predict which insurance companies will provide you with the cheapest car insurance rates.
Many different elements are used when pricing auto insurance. Some are pretty understandable like a motor vehicle report, but other factors are less apparent such as your marital status or how safe your car is.
Car insurance is expensive, but you may be missing some discounts to cut the cost considerably. A few discounts will be applied at the time of quoting, but some may not be applied and must be requested specifically before they will apply. If you don’t get every credit available, you may be paying too high a price.
A little note about advertised discounts, many deductions do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. Even though it may seem like adding up those discounts means a free policy, you aren’t that lucky.
A few companies who might offer these benefits include:
It’s a good idea to ask each insurance company which credits you are entitled to. Savings might not be offered on policies in your state. To see a list of car insurance companies with significant discounts, click here to view.
When choosing proper insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Each situation is unique.
These are some specific questions can aid in determining if you might need an agent’s assistance.
If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form.
Learning about specific coverages of car insurance can be of help when determining appropriate coverage and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring.
Liability insurance – This coverage will cover damages or injuries you inflict on other’s property or people. It protects you against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability coverage pays for things like pain and suffering, funeral expenses, repair costs for stationary objects, repair bills for other people’s vehicles and attorney fees. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.
Collision coverages – This coverage will pay to fix damage to your Optima from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for claims like colliding with a tree, driving through your garage door, hitting a mailbox and crashing into a ditch. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.
Comprehensive protection – This will pay to fix 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 insurance covers claims like fire damage, hail damage, vandalism, falling objects and damage from flooding. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Uninsured or underinsured coverage – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Medical expense coverage – Med pay and PIP coverage kick in for short-term medical expenses for pain medications, hospital visits, chiropractic care and funeral costs. The coverages can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
As you go through the steps to switch your coverage, it’s a bad idea to buy poor coverage just to save money. In many cases, an insured dropped uninsured motorist or liability limits to discover at claim time that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.
Insureds change insurance companies for any number of reasons including not issuing a premium refund, delays in paying claims, high prices and denial of a claim. Regardless of your reason, switching companies can be easy and end up saving you some money.
Discount 2015 Kia Optima insurance is attainable online and from local agencies, and you should compare price quotes from both in order to have the best chance of saving money. Some companies may not provide rates over the internet and these regional carriers only sell through local independent agencies.
More detailed auto insurance information is located in the articles below: