Have you fallen victim to an overpriced car insurance policy? Trust us when we tell you you are not the only one feeling buyer’s remorse. Popular companies such as State Farm and Geico promote their brand names with catchy ads and it can be hard to ignore the promise of big savings and find the best price available.
If you have a policy now or are just looking to switch companies, you will benefit by learning to get lower rates while maintaining coverages. Finding the best rates is not that difficult. Drivers only need to know the most efficient way to shop on the web.
Performing a rate comparison is a ton of work if you aren’t aware of the most efficient way. You can spend your afternoon talking to insurance companies in your area, or you could use the web to accomplish the same thing much quicker.
Many popular insurance companies belong to an insurance system where prospective buyers complete one form, and each company returns a competitive quote for coverage. This system prevents you from having to do repetitive form submissions for every insurance company. To enter your information into the quoting system, click here (opens in new window).
The only drawback to using this type of form is that you can’t choose the providers you want to price. So if you prefer to choose from a list of companies to receive pricing from, we have a page of insurance companies in your area. View list of insurance companies.
Whichever way you use, ensure you are comparing exactly the same coverages and limits on every quote you get. If your comparisons have mixed coverages then you won’t be able to determine the lowest rate for your Honda Accord Hybrid.
Car insurance companies don’t always advertise all available discounts in a way that’s easy to find, so we researched both well-publicized and the more hidden auto insurance savings. If you aren’t receiving every discount you deserve, you’re paying more than you need to.
It’s important to understand that many deductions do not apply to your bottom line cost. Most cut specific coverage prices like comprehensive or collision. So when it seems like you can get free auto insurance, it doesn’t quite work that way.
Car insurance companies that may have some of the above discounts may include but are not limited to:
Double check with each company which discounts they offer. Savings may not apply everywhere.
When it comes to buying coverage, there isn’t really a cookie cutter policy. Each situation is unique and your policy should reflect that. Here are some questions about coverages that could help you determine if your situation would benefit from professional advice.
If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area. It only takes a few minutes and can provide invaluable advice.
Having a good grasp of your policy can be of help when determining the right coverages and the correct deductibles and limits. Policy terminology can be confusing and reading a policy is terribly boring. These are typical coverage types available from insurance companies.
Liability – This coverage provides protection from damage that occurs to other’s property or people in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.
Liability can pay for things like funeral expenses, repair bills for other people’s vehicles and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but you should buy as much as you can afford.
Collision – Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims like damaging your car on a curb, crashing into a ditch, crashing into a building and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from lower value vehicles. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Comprehensive coverage – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things like fire damage, falling objects and hitting a bird. The maximum amount 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 not worth carrying full coverage.
Uninsured/Underinsured Motorist coverage – This gives you protection from other drivers when they do not carry enough liability coverage. Covered losses include injuries to you and your family as well as damage to your 2015 Honda Accord Hybrid.
Since many drivers only purchase the least amount of liability that is required, 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.
Medical payments coverage and PIP – Med pay and PIP coverage reimburse you for bills for things like funeral costs, X-ray expenses, pain medications, rehabilitation expenses and prosthetic devices. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay