Feel like you’re a prisoner to an underperforming, overpriced car insurance policy? Trust us, you’re not alone. Drivers have so many insurers to purchase coverage from, and even though it’s nice to be able to choose, it can be more difficult to compare company pricing.
Insuring your fleet can be pricey, buy you may qualify for discounts that you may not even be aware of. Most are applied when you complete an application, but lesser-known reductions have to be asked about in order for you to get them. If you’re not getting every credit possible, you are paying more than you should be.
It’s important to understand that most credits do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like you could get a free auto insurance policy, it doesn’t quite work that way. But all discounts will bring down the amount you have to pay.
A partial list of companies that may have these discounts include:
It’s a good idea to ask all companies you are considering how you can save money. All car insurance discounts might not apply in your state.
The best way to compare insurance rates from multiple companies is to know almost all companies have advanced systems to give free rates quotes. The one thing you need to do is provide details such as if your license is active, whether you drive to work or school, if you went to college, and whether your vehicle is owned or leased. The rating information is instantly provided to insurance carriers in your area and you will receive price estimates immediately.
To compare rates for a 2008 Jeep Wrangler now, click here and find out if you can get cheaper insurance.
When buying adequate coverage, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions may help highlight whether your personal situation could use an agent’s help.
If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area. It is quick, free and you can get the answers you need.
Consumers constantly see and hear ads for the lowest price auto insurance by companies like Allstate and Progressive. All the ads make an identical promise that you’ll save big if you change to them.
How can each company make almost identical claims?
All the different companies have a certain “appetite” for the right customer that is profitable for them. For instance, a driver they prefer might be a mature driver, insures multiple vehicles, and has a high credit rating. A customer who fits that profile will get very good rates and is almost guaranteed to pay quite a bit less when switching companies.
Drivers who fall outside this ideal profile must pay higher prices which usually ends up with business not being written. Company advertisements say “customers who switch” not “everyone that quotes” save money. That’s the way insurance companies can advertise the savings.
This illustrates why you absolutely need to quote coverage with many companies. Because you never know which company will have the lowest Jeep Wrangler insurance rates.
Knowing the specifics of a car insurance policy aids in choosing the right coverages for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverages offered by car insurance companies.
Comprehensive coverage – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as damage from getting keyed, damage from a tornado or hurricane, vandalism, hitting a bird and damage from flooding. The highest amount a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Auto liability – This protects you from injuries or damage you cause to a person or their property in an accident. It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 which stand for a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.
Liability can pay for claims such as attorney fees, legal defense fees, repair bills for other people’s vehicles and funeral expenses. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible.
Medical payments coverage and PIP – Med pay and PIP coverage pay for immediate expenses for funeral costs, doctor visits and EMT expenses. They can be utilized in addition to your health insurance plan or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available and may carry a deductible
Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your Jeep Wrangler.
Because many people only carry the minimum required liability limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually the UM/UIM limits are similar to your liability insurance amounts.
Collision – This coverage covers damage to your Wrangler from colliding with an object or car. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things such as driving through your garage door, scraping a guard rail and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to get cheaper collision coverage.
Low-cost 2008 Jeep Wrangler insurance is definitely available from both online companies and also from your neighborhood agents, so compare prices from both in order to have the best price selection to choose from. Some companies may not provide you the ability to get quotes online and these smaller companies work with independent agents.
When shopping online for insurance, it’s not a good idea to buy less coverage just to save a little money. There are too many instances where an insured dropped liability limits or collision coverage to discover at claim time that it was a big mistake. The proper strategy is to find the BEST coverage at an affordable rate, not the least amount of coverage.
In this article, we presented a lot of ways to reduce insurance prices online. It’s most important to understand that the more quotes you get, the better your chances of lowering your rates. Consumers may even find the best price on insurance is with a company that doesn’t do a lot of advertising. Regional companies can often provide lower rates in certain areas as compared to the big name companies such as Geico and State Farm.