Are you regretting the purchase of high-priced auto insurance? You’re in good company because there are many drivers thinking the same thing.
Companies like State Farm, GEICO and Farmers Insurance promote their brand names with ads and consumers find it hard to see past the corporate glitz and take the time to shop coverage around.
You should take the time to compare premium rates before your next renewal because auto insurance rates are variable and change quite frequently. Just because you had the best rate for Versa Note insurance a few years ago there may be better deals available now. Forget all the misinformation about auto insurance because we’re going to demonstrate one of the best ways to reduce your cost while improving coverage.
Lots of things are used in the calculation when you quote your car insurance policy. Some factors are common sense such as your driving record, although others are less obvious such as whether you are married or your vehicle rating.
Listed below are a partial list of the pieces companies use to determine your rate level.
When looking for cheaper car insurance quotes, there are a couple ways to compare rate quotes from all the different companies. The quickest method to lower the rate you pay for 2015 Nissan Versa Note insurance is to perform an online rate comparison. This is very easy and can be done in a couple of different ways.
If you don’t have a lot of time, the easiest way consumers can analyze rates is an all-inclusive rate comparison click here to open form in new window. This quick form keeps you from doing repetitive form entry for each price estimate. One quote request gets rate comparisons from many national carriers.
A less efficient way to compare rate quotes requires a trip to each company’s website and fill out a new quote form. For examples sake, let’s say you want to see prices from Farmers, Allstate and Travelers. To get each rate you have to visit each site to input your insurance information, which is why the first method is more popular.
For a list of links to insurance companies in your area, click here.
The method you choose is up to you, but be sure you’re using the same quote data with every price quote. If you are comparing unequal deductibles or liability limits it will be next to impossible to get a fair rate comparison. Just a small difference in insurance coverages or limits may result in a large different in cost. Keep in mind that comparing a wide range of rates helps you find more affordable rates.
Well-known insurance coverage companies like State Farm, GEICO and Progressive continually stream ads on television and other media. All the companies make the same claim that you’ll save big if you just switch to them. That’s great but how can every company say the same thing?
All companies have underwriting criteria for the type of customer that will be a good risk. An example of this type of insured might be described as a married female, has few claims, and does not commute to work. A customer that fits those parameters may get the lowest car insurance rates and is almost guaranteed to save a lot of money.
Potential customers who may not quite match this ideal profile will see higher premium rates and the driver buying from a lower-cost company. The wording the ads use say “customers who switch” but not “all drivers who get quotes” save that much. That’s why insurance companies can make those statements. This emphasizes why you really should do a price quote comparison at every renewal. It’s just not possible to know which insurance companies will have the best premium rates.
Some providers don’t always publicize every disount available in a way that’s easy to find, so we break down a few of the more well known in addition to some of the lesser obvious credits available to lower your premiums when you buy car insurance online.
Discounts lower rates, but most discount credits are not given to the entire cost. Most only cut the cost of specific coverages such as comp or med pay. If you do the math and it seems like all those discounts means the company will pay you, it just doesn’t work that way.
A partial list of companies who might offer many of the previously listed discounts include:
When comparing rates, check with all companies you are considering which discounts you qualify for. Depending on the company, some discounts might not be offered everywhere.
When it comes to buying the best insurance coverage, there is no best way to insure your cars. Every situation is different so your insurance needs to address that. Here are some questions about coverages that may help highlight if your insurance needs would benefit from professional advice.
If you can’t answer these questions, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of insurance companies in your area.
Knowing the specifics of a auto insurance policy can help you determine the right coverages and proper limits and deductibles. Policy terminology can be confusing and reading a policy is terribly boring. These are the usual coverages available from auto insurance companies.
Coverage for medical expenses – Personal Injury Protection (PIP) and medical payments coverage pay for bills such as ambulance fees, EMT expenses, nursing services and doctor visits. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Comprehensive auto insurance – Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for things such as fire damage, damage from getting keyed, hitting a bird, damage from flooding and hitting a deer. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Coverage for uninsured or underinsured drivers – Your UM/UIM coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family and damage to your Nissan Versa Note.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.
Auto liability insurance – This coverage will cover injuries or damage you cause to people or other property by causing an accident. This coverage protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.
Liability coverage pays for claims such as legal defense fees, attorney fees and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but buy as large an amount as possible.
Collision – Collision insurance pays to fix your vehicle from damage caused by collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims like hitting a parking meter, sideswiping another vehicle and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.
When shopping online for auto insurance, it’s very important that you do not skimp on coverage in order to save money. In many cases, an insured cut liability coverage limits only to discover later that the few dollars in savings costed them thousands. Your goal is to buy the best coverage you can find at the best price, but do not skimp to save money.
Throughout this article, we presented many ways to lower your 2015 Nissan Versa Note insurance rates. It’s most important to understand that the more quotes you get, the better chance you’ll have of finding the cheapest car insurance. You may even discover the best rates are with a small mutual company. Regional companies can often provide lower car insurance rates in certain areas compared to the large companies like Allstate or State Farm.
Much more information about auto insurance can be read at the links below