I can’t think of anyone who cherishes buying car insurance, in particular when they are paying too much. Since consumers have many companies and agents to choose from, it is very difficult to locate the most cost effective car insurance company.
Finding the best rates is not rocket science. If you have insurance now or need new coverage, you can use these tips to shop for the lowest rates while maximizing coverage. Drivers only need an understanding of the best way to shop on the web.
Performing a rate comparison can be challenging if you don’t know the most efficient way to do it. You can spend your afternoon talking about coverages with insurance companies in your area, or you could save time and use online quotes to get rate comparisons in just a few minutes.
Most of the larger companies belong to a marketplace where prospective buyers complete one form, and at least one company can give them a price based on the submitted data. This eliminates the need for quotation requests to every company. To fill out one form to compare multiple rates now click here (opens in new window).
One minor caviat to doing it this way is buyers cannot specifically choose the providers to receive prices from. So if you prefer to pick specific providers to request quotes from, we have assembled a list of low cost auto insurance companies in your area. Click here for list of insurance companies.
Which method you use is up to you, but be sure to compare apples-to-apples quote information for each comparison quote. If you use unequal deductibles or liability limits you will not be able to make an equal comparison.
Companies offering auto insurance don’t list every available discount very well, so we took the time to find some of the more common and the more hidden insurance coverage savings. If you don’t get every credit possible, you are throwing money away.
It’s important to note that some of the credits will not apply to all coverage premiums. Some only reduce the cost of specific coverages such as liability and collision coverage. Just because you may think you can get free auto insurance, companies wouldn’t make money that way.
To see a list of insurers with discount insurance coverage rates, click here to view.
When it comes to choosing the right insurance coverage for your vehicles, there is no perfect coverage plan. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions might point out whether your personal situation will benefit from professional help.
If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and you can get the answers you need.
Learning about specific coverages of a insurance policy can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find the usual coverages found on most insurance policies.
Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your 2003 Mitsubishi Eclipse Spyder.
Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Comprehensive coverages – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like a broken windshield, hail damage, fire damage, vandalism and damage from a tornado or hurricane. The most your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Collision coverages – This coverage covers damage to your Eclipse Spyder resulting from colliding with an object or car. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things such as scraping a guard rail, hitting a parking meter and crashing into a ditch. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.
Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like dental work, pain medications and nursing services. They are often used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Liability – Liability coverage will cover damage that occurs to people or other property by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 50/100/50 which stand for 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 can pay for things like bail bonds, funeral expenses and repair bills for other people’s vehicles. How much liability should you purchase? That is up to you, but it’s cheap coverage so purchase higher limits if possible.