Are you burned out from sacrificing to make your insurance coverage payment? Your situation is no different than many other consumers. Big-name insurance companies like Geico, Progressive and Allstate all claim big savings, bombarding you with ads and it is challenging if not impossible to not get sucked in by the cute commercials and effectively compare rates to find the best deal.
Reducing your 2018 Ford Fiesta insurance rates is pretty simple and can save money. You just need to invest a little time comparing rate quotes from different insurance companies. You can get a good selection of rate quotes using a couple different methods.
The simplest way to find low rates is a comparison rater form (click to open form in new window). This style of form eliminates the need for separate quote forms for each company you want a rate for. A single form will return price quotes from multiple companies.
A more time consuming way to shop for auto insurance online requires visiting each individual company website and request a quote. For sake of this example, let’s say you want to compare prices for Farmers, Allstate and Geico. In order to compare rates, you need to visit each site and repeatedly type in your coverage information, which can get rather old. For a handy list of car insurance company links in your area, click here.
Take whichever approach you prefer, but do your best to use the same quote data with every price quote. If you have different values for each quote it will be very difficult to make an equal comparison.
Insurance is not cheap nor is it fun to buy but there could be significant discounts that could drop your premiums quite a bit. Many discounts should be triggered at the time of purchase, but a few need to be asked about prior to getting the savings.
It’s important to understand that many deductions do not apply to the entire policy premium. Most cut individual premiums such as liability, collision or medical payments. So even though you would think you can get free auto insurance, you won’t be that lucky.
If you would like to see a list of insurance companies with the best discounts, follow this link.
When it comes to choosing coverage, there really is not a “best” method to buy coverage. Each situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine whether your personal situation would benefit from an agent’s 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, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Knowing the specifics of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Shown next are the normal coverages offered by insurance companies.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your 2018 Ford Fiesta.
Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Comprehensive insurance
This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as hitting a bird, damage from flooding and hail damage. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Med pay and Personal Injury Protection (PIP)
Medical payments and Personal Injury Protection insurance pay for bills such as rehabilitation expenses, nursing services and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not universally available and gives slightly broader coverage than med pay
Liability car insurance
This coverage will cover damage or injury you incur to other’s property or people in an accident. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.
Liability can pay for things like legal defense fees, pain and suffering, emergency aid, medical services and structural damage. How much liability should you purchase? That is up to you, but consider buying higher limits if possible.
Collision insurance
This will pay to fix damage to your Fiesta from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like hitting a parking meter, crashing into a ditch and sideswiping another vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.
As you prepare to switch companies, it’s not a good idea to buy lower coverage limits just to save a few bucks. In too many instances, consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that it was a big error on their part. Your objective should be to get the best coverage possible for the lowest price, but do not skimp to save money.
Some insurance companies do not offer price quotes online small insurance companies prefer to sell through independent agents. Lower-priced insurance coverage is available online as well as from insurance agents, and you should be comparing both so you have a total pricing picture.
Additional insurance coverage information can be found at these links: