Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us, many consumers feel financially strained by their car insurance policy.
Consumers have many auto insurance companies to pick from, and although it’s nice to have a selection, too many choices makes it more difficult to find the lowest rates.
All the larger auto insurance companies quote prices for coverage on their websites. The process is quite simple as you simply enter your coverage information into a form. Once you submit the form, the system pulls credit information and your driving record and generates a price based on these factors. Quoting online simplifies rate comparisons, but the time required to go to different websites and enter the same data into a form can get tiresome after awhile. Unfortunately, it is important to perform this step if you are searching for better auto insurance pricing.
The easiest way to find cheaper rates makes use of a single form that gets price quotes from multiple companies. This type of form saves time, reduces the work, and makes comparison shopping much easier. Once the form is submitted, it is rated and you are able to buy any of the returned quotes. If one or more price quotes are lower than your current rates, it’s easy to complete the application and buy the policy. It takes 15 minutes at the most and you will know how your current rates stack up.
To get comparison pricing now, simply click here to open in new window and enter your information. To compare your current rates, we recommend you input the insurance coverages exactly as shown on your declarations page. Doing this assures you are getting rate quotes for exact coverage.
Companies don’t always list all their discounts very well, so the following is a list of some of the more common and also the lesser-known savings tricks you should be using.
A little note about advertised discounts, some credits don’t apply to the entire policy premium. Most only reduce the cost of specific coverages such as comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, you’re out of luck.
Insurance companies that may offer these benefits may include but are not limited to:
It’s a good idea to ask all companies you are considering which discounts they offer. Savings might not apply everywhere.
When choosing coverage for your vehicles, there really is no best way to insure your cars. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions can help discover if your insurance needs may require specific advice.
If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier
Having a good grasp of your policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and nobody wants to actually read their policy. Listed below are typical coverage types available from insurance companies.
Comprehensive coverage
Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for claims like a broken windshield, vandalism and hitting a deer. The maximum amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for prosthetic devices, hospital visits, doctor visits and rehabilitation expenses. The coverages can be utilized in addition to your health insurance policy or if you are not covered by health insurance. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states but can be used in place of medical payments coverage
Coverage for liability
This coverage can cover damage that occurs to other’s property or people that is your fault. This insurance protects YOU from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.
Liability coverage protects against things like loss of income, funeral expenses, repair bills for other people’s vehicles, pain and suffering and legal defense fees. How much coverage you buy is a personal decision, but buy higher limits if possible.
Collision coverage protection
This pays for damage to your 6 Series from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against things such as colliding with another moving vehicle, sustaining damage from a pot hole, backing into a parked car and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage protects you and your vehicle when other motorists do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your 2013 BMW 6 Series.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.