Have you fallen victim to an overpriced insurance coverage policy? Believe me when I say you’re not alone.
Many insurance companies compete for your business, and because of this it can be hard to compare insurance companies to find the absolute lowest rate possible.
If you have car insurance now, you will most likely be able to save some money using this information. Finding affordable coverage is not rocket science. But drivers must know how insurance companies determine prices and use this information to your advantage.
Performing a rate comparison can be exhausting if you don’t know the most efficient way to do it. You can waste a lot of time discussing policy coverages with insurance companies in your area, or you can utilize the web for quick rates.
The majority of car insurance companies belong to a marketplace where insurance shoppers submit their information once, and every company returns a rated price based on that data. This system prevents you from having to do quote requests for each company. To enter your information into the quoting system, click here to start a free quote.
The single downside to comparing rates this way is you cannot specify which insurance companies to get quotes from. So if you prefer to choose individual companies to compare prices, we have a page of low cost auto insurance companies in your area. Click here for list of insurance companies.
Whichever method you choose, make darn sure you compare exactly the same coverages and limits for each comparison quote. If your comparisons have differing limits it’s impossible to determine which rate is truly the best. Just a small difference in coverage limits can result in a big premium difference. Just remember that comparing more company’s prices will increase your chances of finding a better price.
Auto insurance companies do not advertise all their discounts very well, so we took the time to find both the well known and the harder-to-find insurance savings.
It’s important to understand that most credits do not apply to the entire policy premium. Most cut individual premiums such as comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn’t make money that way.
For a list of insurance companies who offer insurance discounts, click here to view.
It’s important that you understand some of the elements that help determine your insurance coverage rates. Understanding what impacts premium levels helps enable you to make changes that may reward you with much lower annual insurance costs.
When choosing coverage for your personal vehicles, there really is not a best way to insure your cars. Every situation is different so your insurance should reflect that For example, these questions might help in determining whether you might need an agent’s assistance.
If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier
Car insurance companies such as Progressive, Allstate and Geico consistently run television and radio advertisements. They all seem to say the same thing about savings if you change to their company. How does each company make almost identical claims?
Insurance companies have a certain “appetite” for the driver that earns them a profit. An example of a preferred risk might be profiled as between 30 and 50, is a homeowner, and drives less than 10,000 miles a year. A driver who fits that profile will get very good rates and therefore will save quite a bit of money when switching.
Potential customers who don’t meet the “perfect” profile will have to pay higher prices which usually ends up with business going elsewhere. Company advertisements say “people who switch” not “everybody who quotes” save that kind of money. This is how companies can truthfully make the claims of big savings. Because of the profiling, drivers must get quotes from several different companies. You cannot predict the company that will fit your personal profile best.
Learning about specific coverages of your auto insurance policy helps when choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are the usual coverages available from auto insurance companies.
Comprehensive (Other than Collision)
This coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like theft, damage from a tornado or hurricane and damage from getting keyed. The highest amount your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Liability car insurance
Liability coverage can cover damages or injuries you inflict on other’s property or people. This coverage protects you from legal claims by others, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 50/100/50 which means $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.
Liability coverage protects against things such as pain and suffering, medical expenses and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for prosthetic devices, nursing services and ambulance fees. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage
Collision protection
Collision insurance pays for damage to your Firebird caused by collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims like sustaining damage from a pot hole, colliding with a tree, scraping a guard rail and crashing into a ditch. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage gives you protection when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family and also any damage incurred to your 1995 Pontiac Firebird.
Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
While you’re price shopping online, it’s very important that you do not reduce coverage to reduce premium. In many instances, someone dropped collision coverage only to regret at claim time that it was a big error on their part. Your aim should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.
Cost effective 1995 Pontiac Firebird insurance can be sourced both online and also from your neighborhood agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance providers may not provide online quoting and these regional insurance providers work with independent agents.
You just read a lot of ways to reduce insurance prices online. The most important thing to understand is the more companies you get rates for, the higher the chance of saving money. You may even find the best prices are with a company that doesn’t do a lot of advertising. They can often provide lower rates in certain areas compared to the large companies like Allstate and Progressive.
Even more information can be found at these sites: