Are you sick and tired of robbing Peter to pay Paul to insure your Dodge every month? You’re in the same situation as most other car owners.
Big companies like Allstate, Progressive and Geico all claim big savings, bombarding you with TV and radio ads and it can be hard to see past the corporate glitz and find the best price available.
Smart consumers have a good feel for some of the elements that play a part in calculating insurance coverage rates. Understanding what controls the rates you pay allows you to make educated decisions that can help you get much lower annual insurance costs.
Shown below are a partial list of the pieces companies use to determine your rates.
Insuring your fleet can be pricey, but you may find discounts that many people don’t even know exist. Most are applied at the time of purchase, but less common discounts must be asked for prior to receiving the credit.
It’s important to note that most credits do not apply to the entire cost. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts will bring down your overall premium however.
Insurance companies that possibly offer these discounts include:
It’s a good idea to ask each company which discounts they offer. Discounts might not apply in every state.
When buying adequate coverage, there is no perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that can help discover whether you would benefit from professional advice.
If you can’t answer these questions but you know they apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.
Learning about specific coverages of a auto insurance policy helps when choosing the best coverages for your vehicles. Auto insurance terms can be confusing and coverage can change by endorsement. Shown next are the usual coverages available from auto insurance companies.
Collision protection
Collision coverage will pay to fix damage to your Ram Van caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims like damaging your car on a curb, driving through your garage door and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also choose a higher deductible to bring the cost down.
Coverage for liability
Liability coverage can cover damages or injuries you inflict on other’s property or people by causing an accident. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined limit which limits claims to one amount without having the split limit caps.
Liability can pay for things such as bail bonds, loss of income and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but buy as much as you can afford.
Comprehensive protection
Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as hitting a bird, hitting a deer, a broken windshield, theft and damage from flooding. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Uninsured or underinsured coverage
This coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Dodge Ram Van.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Medical expense coverage
Med pay and PIP coverage reimburse you for bills for dental work, hospital visits, ambulance fees, X-ray expenses and chiropractic care. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Cheaper 1993 Dodge Ram Van insurance is definitely available online as well as from independent agents, so you should compare both in order to have the best price selection to choose from. Some insurance companies don’t offer online quoting and usually these small insurance companies provide coverage only through local independent agents.
We just covered many ways to get a better price on insurance. The most important thing to understand is the more you quote, the better your chances of lowering your rates. Consumers could even find that the best price on insurance is with some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as State Farm or Progressive.
As you go through the steps to switch your coverage, do not skimp on critical coverages to save a buck or two. In many instances, an insured cut uninsured motorist or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your focus should be to find the BEST coverage for the lowest price.
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