Feel like you have overpriced car insurance? You’re preaching to the choir because you’re not alone.
Since vehicle owners have many insurance providers from which to choose, it’s nearly impossible to pick the right company.
Auto insurance companies don’t necessarily list every disount available in a way that’s easy to find, so the list below contains both the well known as well as the least known credits available to lower your premiums when you buy insurance coverage online.
Remember that some of the credits will not apply to the entire policy premium. Some only apply to individual premiums such as comp or med pay. So despite the fact that it appears all the discounts add up to a free policy, insurance companies wouldn’t stay in business.
A list of insurance coverage companies and the discounts they provide are detailed below.
If you need cheaper insurance coverage quotes, ask all companies you are considering which discounts can lower your rates. Some credits may not apply in your state. To find providers that offer multiple discounts, click here.
Most larger insurance companies like Geico, State Farm and Progressive give prices for coverage from their websites. Getting prices online doesn’t take a lot of time as you just enter your personal and coverage information into the quote form. Upon sending the form, their system automatically retrieves your credit score and driving record and returns pricing information. This makes it simple to compare prices but having to visit several different sites and type in your information can get tiresome after awhile. But it’s necessary to get many rate quotes in order to find the best price possible.
A better way to compare rates is to use a quote form that gets price quotes from many companies. It saves time, eliminates repetitive work, and makes comparison shopping a lot less work. Immediately after you send the form, it is rated and you can choose any or none of the resulting price quotes. If a lower price is quoted, it’s easy to complete the application and purchase coverage. The entire process can be completed in a matter of minutes and can result in significant savings.
If you want to compare rates using this form now, click here to open in new window and fill out the form. If you have a policy now, it’s recommended you copy identical to your current policy. This guarantees you will have an apples-to-apples comparison based on the exact same insurance coverage.
When it comes to buying the best car insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions could help you determine if your insurance needs would benefit from professional advice.
If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
Knowing the specifics of car insurance helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages available from car insurance companies.
This pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims like damage from flooding, a broken windshield, falling objects and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
This will pay to fix damage to your Panamera resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like hitting a mailbox, colliding with another moving vehicle, damaging your car on a curb, crashing into a ditch and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like dental work, pain medications and ambulance fees. They are often used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your Porsche Panamera.
Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages should not be overlooked.
This coverage protects you from injuries or damage you cause to other people or property by causing an accident. This coverage protects you against other people’s claims. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability insurance covers things such as repair bills for other people’s vehicles, emergency aid, court costs, funeral expenses and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.
Cheaper car insurance is available online as well as from insurance agents, and you need to comparison shop both to have the best rate selection. A few companies don’t offer online quoting and these regional carriers sell through independent agents.
When shopping online for car insurance, make sure you don’t buy poor coverage just to save money. In many cases, someone sacrificed liability limits or collision coverage and discovered at claim time that they should have had better coverage. The goal is to purchase a proper amount of coverage for the lowest price, but don’t skip important coverages to save money.
More information is available at the links below