Overwhelmed by the dozens of auto insurance companies? Many other consumers are too. People have so many companies to choose from that it can quickly become a real hassle to find better rates.
You should take the time to compare prices periodically because rates fluctuate regularly. Just because you had the best deal for Focus ST coverage a year ago other companies may now be cheaper. There is a lot of wrong information about auto insurance online but we’re going to give you a bunch of ideas how to stop overpaying for insurance.
If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using this information. Finding affordable insurance is quite easy. Although vehicle owners do need to learn the methods companies use to compete online.
Car insurance is not cheap, but there could be available discounts to help bring down the price. Larger premium reductions will be automatically applied at the time of purchase, but some must be specifically requested before you will receive the discount.
A little note about advertised discounts, many deductions do not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like medical payments or collision. Just because it seems like you can get free auto insurance, companies don’t profit that way. But all discounts will help reduce the amount you have to pay.
Insurance companies that may have these money-saving discounts include:
Double check with each company what discounts are available to you. Savings may not be available in your area.
The best way to compare insurance rates from multiple companies utilizes the fact car insurance companies have advanced systems to give you rate quotes. All consumers are required to do is spend a couple of minutes providing details including how many miles driven, the make and model of your vehicles, how you use your vehicles, and the ages of drivers. That information gets transmitted to many highly-rated insurers and they provide comparison quotes within a short period of time.
An important part of buying insurance is that you know some of the elements that play a part in calculating the price you pay for auto insurance. Having a good understanding of what influences your rates allows you to make educated decisions that may reward you with much lower annual insurance costs.
When it comes to choosing proper insurance coverage for your vehicles, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs.
These are some specific questions can aid in determining whether or not you could use an agent’s help.
If it’s difficult to answer those questions then you might want to talk to an insurance agent. If you want to speak to an agent in your area, simply complete this short form.
Understanding the coverages of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. Car insurance terms can be difficult to understand and coverage can change by endorsement.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This coverage protects you and your vehicle 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 2015 Ford Focus ST.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP provide coverage for bills for things like surgery, funeral costs, chiropractic care and ambulance fees. They are utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Collision insurance
Collision insurance pays for damage to your Focus ST from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage pays for things like sideswiping another vehicle, rolling your car, sustaining damage from a pot hole, hitting a parking meter and crashing into a building. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.
Comprehensive auto coverage
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as damage from flooding, falling objects and damage from a tornado or hurricane. The highest amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Auto liability
This coverage can cover injuries or damage you cause to other’s property or people that is your fault. It protects you from legal claims by others, and doesn’t cover 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 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Alternatively, you may have a combined limit which combines the three limits into one amount without having the split limit caps.
Liability insurance covers claims such as pain and suffering, repair costs for stationary objects, funeral expenses, court costs and legal defense fees. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford.
As you restructure your insurance plan, don’t be tempted to buy lower coverage limits just to save a few bucks. In many cases, an insured dropped liability limits or collision coverage and found out when filing a claim that the small savings ended up costing them much more. The aim is to find the BEST coverage for the lowest price while still protecting your assets.
Consumers who switch companies do it for any number of reasons including unfair underwriting practices, policy cancellation, not issuing a premium refund or denial of a claim. It doesn’t matter why you want to switch switching companies is actually quite simple.
We’ve covered many ideas to get a better price on 2015 Ford Focus ST insurance. The most important thing to understand is the more you quote, the better your comparison will be. You may be surprised to find that the best price on car insurance is with a smaller regional carrier.