If you are new to online insurance coverage, you may be overwhelmed by the large number of insurance coverage companies who claim to have the best insurance coverage rates.
Finding the lowest cost coverage is easy if you know what you’re doing. Essentially everyone who is shopping for auto insurance will most likely be able to cut their insurance bill. But vehicle owners need to learn how the larger insurance companies market insurance on the web.
Effectively comparing auto insurance prices can take hours if you aren’t aware of the fastest way to get free quotes. You can spend countless hours driving to insurance agencies in your area, or you could use the internet to maximize your effort.
Many popular insurance companies belong to a marketplace that enables customers to submit one quote, and at least one company can give them a price determined by their information. This eliminates the need for quote requests for each company you want a rate for.
To submit your quote information now, click here to open in new window.
The one disadvantage to getting quotes like this is you can’t choose which companies you want pricing from. So if you want to select specific providers to compare, we have assembled a list of auto insurance companies in your area. View list of insurance companies.
It’s your choice how you get your quotes, but make absolute certain that you use the exact same information for each price quote. If you compare differing limits then you won’t be able to truly determine the lowest rate. Just slight variations in insurance coverages may cause a big price difference. And when comparison shopping, comparing more rates from different companies helps locate more affordable insurance. Not every company does price estimates online, so you need to compare rates from the smaller companies as well.
Companies don’t necessarily list the entire discount list in a way that’s easy to find, so we break down some of the more common and the more hidden discounts you could be receiving when you buy insurance online.
As a sidenote, some credits don’t apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability and collision coverage. Just because it seems like all the discounts add up to a free policy, it just doesn’t work that way.
Companies and the discounts they provide can be found below.
Before purchasing a policy, check with every insurance company to give you their best rates. Some discounts listed above may not be offered in your area. To see insurance coverage companies with the best insurance coverage discounts, click here to view.
When buying adequate coverage for your vehicles, there is no perfect coverage plan. Every situation is different.
These are some specific questions may help you determine whether your personal situation will benefit from professional help.
If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, complete this form.
Having a good grasp of your insurance policy aids in choosing appropriate coverage for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording.
This coverage will cover damages or injuries you inflict on other people or property that is your fault. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.
Liability insurance covers claims like loss of income, funeral expenses and legal defense fees. How much liability coverage do you need? That is a decision to put some thought into, but consider buying higher limits if possible.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance pay for bills for doctor visits, X-ray expenses and chiropractic care. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
This coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your 2015 Lexus IS 250.
Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Frequently these coverages are identical to your policy’s liability coverage.
Collision coverage protection
Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers things such as colliding with a tree, crashing into a ditch and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.
Comprehensive coverage (or Other than Collision)
This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as fire damage, a broken windshield, hitting a bird and vandalism. The highest amount your insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.