Lower Your 2006 Suzuki Verona Insurance Rates

Finding affordable insurance coverage can be challenging for beginners to comparison shopping online. You have so many options available that it can be a real challenge to locate the lowest price.

It’s a great practice to compare rates every six months due to the fact that insurance rates change regularly. Despite the fact that you may have had the lowest price on Verona insurance six months ago other companies may now be cheaper. Forget anything you know (or think you know) about insurance coverage because I’m going to let you in on the secrets to the right way to reduce your cost while improving coverage.

Parts of the Suzuki Verona rate equation

Consumers need to have an understanding of the rating factors that help determine the price you pay for auto insurance. Understanding what impacts premium levels helps enable you to make changes that can help you get much lower annual insurance costs.

The following are a few of the “ingredients” that factor into your rates.

  • Rate your vehicle for proper use – The more you drive each year the higher your rates will be. Most companies price each vehicle’s coverage based on their usage. Cars and trucks left parked in the garage receive lower rates compared to those used for work or business. Having the wrong rating on your Verona can cost quite a bit. Make sure your auto insurance policy shows the correct driver usage, because improper ratings can cost you money.
  • Increase deductibles and save – Your deductibles define the amount you are willing to pay out-of-pocket if you file a covered claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of claims that would be covered would be running into the backend of another car, damage from fire, or theft. The more expense the insured has to pay upfront, the bigger discount you will receive on Verona insurance.
  • Bad driving skills means higher rates – Whether or not you get tickets has a lot to do with how much you pay for insurance. Drivers with clean records receive lower rates than bad drivers. Even a single ticket may increase your cost by twenty percent. Drivers with serious tickets such as hit and run, DWI or reckless driving convictions are required to file a SR-22 with their state motor vehicle department in order to continue driving.
  • Your occupation can affect rates – Occupations like judges, business owners and dentists tend to pay the highest average rates because of high stress levels and lengthy work days. Other occupations such as farmers, historians and retirees have the lowest average rates on Verona insurance.
  • Don’t sacrifice liability coverage – The liability section of your policy provides coverage if a jury decides you are liable for causing damage or personal injury in an accident. It provides you with a defense in court up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap compared to insuring for physical damage coverage, so do not skimp.
  • How your age affects price – Teen drivers are statistically proven to be less responsible when driving so they pay higher auto insurance rates. If you’ve ever had to add a young driver to your auto insurance policy can be quite pricey. More mature drivers tend to be more responsible, file fewer claims and are safer drivers.
  • Allowing your policy to lapse raises rates – Letting your insurance expire will be a sure-fire way to bump up your auto insurance costs. Not only will you pay more, but not being able to provide proof of insurance might get you a revoked license or a big fine.
  • More than one policy can earn a discount – The majority of insurers will give a discount to customers who have multiple policies with them, otherwise known as a multi-policy discount. Even if you’re getting this discount you may still want to compare other company rates to confirm you are receiving the best rates possible. Consumers may find better rates by insuring with multiple companies.

Do you qualify for a discount?

Companies that sell car insurance do not list every discount in a way that’s easy to find, so the following is a list of both the well known and the more hidden ways to save on auto insurance.

  • Accident Free – Drivers who don’t have accidents pay less when compared to drivers who are more careless.
  • Auto/Life Discount – Companies who offer life insurance give better rates if you take out life insurance from them.
  • Senior Discount – If you’re over the age of 55, you can possibly qualify for a small decrease in premiums on Verona insurance.
  • No Charge for an Accident – A handful of insurance companies allow you one accident without raising rates if your claims history is clear for a set time period.
  • Lower Rates for Military – Having a deployed family member may qualify for rate reductions.
  • Federal Government Employee – Active or retired federal employment can save as much as 8% on Verona insurance with certain companies.
  • New Car Discount – Insuring a new car is cheaper compared to insuring an older model.
  • Resident Student – Children who are attending college and do not have access to a covered vehicle can receive lower rates.

Drivers should understand that some of the credits will not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, companies wouldn’t make money that way.

For a list of companies with the best auto insurance discounts, click here.

Save $406 a year? Really?

Companies like Progressive, Geico, Allstate and State Farm consistently run ads on TV and radio. All the ads say the same thing that you can save if you change to their company. But how can every company make almost identical claims? This is how they do it.

All the different companies have a preferred profile for the type of customer that is profitable for them. For instance, a desirable insured might be profiled as over the age of 40, insures multiple vehicles, and drives newer vehicles. A propective insured that hits that “sweet spot” will get the preferred rates and most likely will save quite a bit of money when switching.

Potential customers who don’t qualify for the “perfect” profile will be charged a more expensive rate which leads to the driver buying from a lower-cost company. Company advertisements say “customers who switch” but not “drivers who get quotes” save that kind of money. This is how companies can truthfully state the savings. That is why you need to get a wide range of price quotes. It’s not possible to predict the company that will have the lowest Suzuki Verona insurance rates.

What coverages do I need?

When buying coverage for your personal vehicles, there isn’t really a one size fits all plan. Everyone’s situation is unique.

For example, these questions may help highlight if you could use an agent’s help.

  • When should my teen driver be added to my policy?
  • Is my business laptop covered if it gets stolen from my vehicle?
  • What vehicles should carry emergency assistance coverage?
  • Does coverage extend to a rental car in a foreign country?
  • Does car insurance cover theft of personal property?
  • When should I drop full coverage on my 2006 Suzuki Verona?

If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form.

Auto insurance coverage considerations

Having a good grasp of your auto insurance policy aids in choosing the best coverages and the correct deductibles and limits. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Comprehensive coverages

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things like damage from a tornado or hurricane, fire damage, falling objects, rock chips in glass and vandalism. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Coverage for collisions

This coverage pays for damage to your Verona resulting from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage protects against claims such as hitting a parking meter, rolling your car, backing into a parked car, driving through your garage door and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.

Uninsured and underinsured coverage

This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Suzuki Verona.

Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Coverage for medical payments

Med pay and PIP coverage kick in for bills such as hospital visits, pain medications and rehabilitation expenses. They are often used in conjunction with a health insurance program or if you are not covered by health insurance. It covers you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Auto liability insurance

Liability coverage will cover injuries or damage you cause to people or other property in an accident. It protects you against other people’s claims. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 25/50/25 which means $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.

Liability coverage protects against claims such as loss of income, medical expenses, structural damage, attorney fees and repair costs for stationary objects. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.

Stretch your dollar

You just learned a lot of information how to get a better price on 2006 Suzuki Verona insurance. The key thing to remember is the more quotes you get, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with some of the smallest insurance companies.

Consumers switch companies for a variety of reasons including policy non-renewal, denial of a claim, poor customer service and lack of trust in their agent. It doesn’t matter what your reason, switching companies is less work than it seems.

As you restructure your insurance plan, make sure you don’t buy poor coverage just to save money. In many instances, an insured cut liability coverage limits to discover at claim time they didn’t have enough coverage. Your aim should be to buy the best coverage you can find at an affordable rate.

Much more information about insurance coverage is available below: