Nobody I know enjoys paying for insurance, especially knowing they are paying too much. Having so many choices, it can be impossible to choose the cheapest company.
This article will let you in on how to effectively get price quotes and some money-saving tips. If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using these techniques. Drivers just need to know the best way to shop online.
Insurance can cost an arm and a leg, but there could be available discounts that you may not even be aware of. Some discounts apply automatically when you complete an application, but a few need to be asked about before you will receive the discount. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.
Drivers should understand that most discount credits are not given to all coverage premiums. Most only reduce the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears you can get free auto insurance, you won’t be that lucky. But all discounts will help reduce the cost of coverage.
To see a list of insurance companies with discount auto insurance rates, click here.
The best way we recommend to compare car insurance rates takes advantage of the fact auto insurance companies actually pay money for the chance to compare rate quotes. The one thing you need to do is provide a little information such as the year, make and model of vehicles, coverage limits, how your vehicles are used, and the ages of drivers. That rating data is automatically sent to multiple different insurance companies and you receive quotes with very little delay.
To compare rates now, click here and see if a lower rate is available.
Smart consumers have a good feel for some of the elements that come into play when calculating the price you pay for insurance. When you know what positively or negatively determines base rates empowers consumers to make smart changes that will entitle you to big savings.
The list below includes some of the factors used by your company to calculate prices.
When buying adequate coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether you might need professional guidance.
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.
Understanding the coverages of your auto insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be confusing and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average auto insurance policy.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your 1994 Dodge Viper.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Auto liability insurance
This provides protection from injuries or damage you cause to other’s property or people. It protects you from legal claims by others, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 100/300/100 that means you have $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.
Liability coverage protects against claims such as legal defense fees, medical expenses and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy as high a limit as you can afford.
Medical payments and PIP coverage
Med pay and PIP coverage kick in for short-term medical expenses such as surgery, hospital visits and nursing services. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers you and your occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay
Collision protection
Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like hitting a parking meter, damaging your car on a curb and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to choose a higher deductible to bring the cost down.
Comprehensive auto coverage
Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against things like falling objects, hail damage and vandalism. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Throughout this article, we presented a lot of ways to lower your 1994 Dodge Viper insurance rates. It’s most important to understand that the more price quotes you have, the higher the chance of saving money. Consumers may even find the most savings is with the least-expected company. Some small companies can often provide lower rates in certain areas than their larger competitors like Allstate, Geico and Progressive.
As you shop your coverage around, do not sacrifice coverage to reduce premiums. There are too many instances where consumers will sacrifice physical damage coverage only to regret at claim time they didn’t have enough coverage. The ultimate goal is to buy enough coverage at the best price while still protecting your assets.
Additional car insurance information can be read on the following sites: