Are you tired of being strong-armed to pay car insurance each month? You have the same problem as many other consumers.
Vehicle owners have multiple car insurance companies to buy insurance from, and although it’s nice to have a choice, having more insurance companies makes it harder to find a good deal.
It’s a good habit to price shop coverage before your policy renews because prices fluctuate regularly. If you had the best rates for E-Class insurance a few years ago other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because you’re about to learn how to use the internet to save money, get proper coverage and the best rates.
Choosing the best insurance company for you is quite easy. In a nutshell, every vehicle owner who has to buy auto insurance will be able to reduce their rates. Nevertheless, consumers must know how big insurance companies price online insurance and take advantage of how the system works.
Insuring your vehicles can cost a lot, but you might find some hidden discounts to cut the cost considerably. Larger premium reductions will be automatically applied at the time of purchase, but once in a while a discount must be requested specifically in order for you to get them.
A little disclaimer on discounts, some credits don’t apply to your bottom line cost. Some only apply to individual premiums such as comprehensive or collision. If you do the math and it seems like you could get a free auto insurance policy, it doesn’t quite work that way.
Auto insurance companies that have most of these discounts are:
Before you buy a policy, ask each company which credits you are entitled to. Savings might not be offered on policies in your area. To locate auto insurance companies that provide some of the discounts listed above, click this link.
The quickest method we recommend to compare car insurance company rates is to know the trick most insurance companies provide online access to compare their rates. All consumers are required to do is provide a little information including if the vehicle is leased, if you have an active license, how much school you completed, and driver ages. Your rating data is instantly provided to multiple companies and you will receive price estimates immediately.
One of the most helpful ways to save on insurance coverage is to to have a grasp of the factors that help calculate the rates you pay for insurance coverage. When you know what positively or negatively determines premiums, this allows you to make good choices that may reward you with better insurance coverage rates. Lots of factors are part of the calculation when you get a price on insurance. Some of the criteria are obvious like a motor vehicle report, but some are more transparent such as your credit history or how financially stable you are.
The factors shown below are some of the items that factor into your rate level.
When choosing proper insurance coverage for your personal vehicles, there really is no cookie cutter policy. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions may help highlight if you could use an agent’s help.
If you don’t know the answers to these questions, you may need to chat with a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier
Having a good grasp of a car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. Car insurance terms can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverages offered by car insurance companies.
Coverage for medical expenses
Med pay and PIP coverage pay for expenses for surgery, ambulance fees, pain medications and chiropractic care. The coverages can be used in conjunction with a health insurance program or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Coverage for uninsured or underinsured drivers
This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.
Collision insurance will pay to fix damage to your E-Class resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things like hitting a mailbox, colliding with another moving vehicle, rolling your car and crashing into a building. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to increase the deductible to get cheaper collision coverage.
Comprehensive car insurance
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 insurance covers things such as theft, hitting a deer and hitting a bird. The highest amount your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Liability car insurance
Liability coverage provides protection from injuries or damage you cause to a person or their property that is your fault. It protects you against claims from other people, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.
Liability insurance covers claims such as repair bills for other people’s vehicles, funeral expenses, bail bonds, pain and suffering and legal defense fees. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.
More affordable car insurance is available online and from local agencies, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who do not provide rate quotes online and most of the time these regional carriers sell through independent insurance agencies.
As you prepare to switch companies, you should never buy poor coverage just to save money. There are a lot of situations where an insured dropped liability limits or collision coverage to discover at claim time they didn’t have enough coverage. Your goal is to find the BEST coverage at the best price and still be able to protect your assets.