No one looks forward to buying car insurance, especially when they know they could find better prices if they shop around.
With so many different company options, it can be hard to choose the lowest cost car insurance provider.
Buying car insurance is quite easy. If you currently have car insurance, you should be able to cut costs considerably using these techniques. But car owners do need to know the way insurance companies compete online and apply this information to your search.
A large part of saving on car insurance is knowing the factors that come into play when calculating the price you pay for car insurance. If you know what impacts premium levels, this helps enable you to make changes that could result in cheaper rates.
There are a variety of methods you can shop for insurance coverage and some are easier and takes less work. You can spend your afternoon discussing policy coverages with insurance agencies in your area, or you could use the web to get rates in a matter of minutes.
Most major companies take part in a program where prospective buyers only type in their quote data once, and each participating company can give them a price based on that information. This eliminates the need for form submissions to every company.
To compare pricing click here (opens in new window).
The only drawback to comparing rates this way is you cannot specify the companies to get quotes from. So if you want to select specific insurance companies to compare, we have assembled a list of companies who write insurance coverage in your area. Click to view list.
Which method you use is up to you, but be sure you’re using the exact same deductibles and coverage limits for each comparison quote. If you have different deductibles it’s not possible to get a fair rate comparison. Just slight variations in limits can result in a big premium difference. And when price shopping your coverage, making a lot of price comparisons increases your odds of finding a lower rate than you’re paying now. Some smaller insurers to not give online price quotes, so you also need to get rates on coverage from those companies, too.
Car insurance companies do not advertise every possible discount in a way that’s easy to find, so here is a list both well-publicized as well as some of the hidden insurance coverage savings.
Drivers should understand that many deductions do not apply to your bottom line cost. Most only apply to the cost of specific coverages such as liability, collision or medical payments. If you do the math and it seems like you can get free auto insurance, insurance coverage companies aren’t that generous.
Popular insurance coverage companies and some of the discounts are included below.
If you are trying to find inexpensive car insurance quotes, ask every prospective company which discounts they offer. Some credits may not be available in your area. To see a list of insurance companies with the best insurance coverage discounts, click here.
When it comes to choosing coverage, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that may help highlight if you will benefit from professional help.
If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Learning about specific coverages of a insurance policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages available from insurance companies.
Liability coverages – This coverage provides protection from injuries or damage you cause to people or other property. It protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against things like court costs, funeral expenses and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but buy as large an amount as possible.
Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses like hospital visits, X-ray expenses and EMT expenses. They are used in conjunction with a health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Collision – Collision insurance covers damage to your Grand Cherokee resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision insurance covers claims like rolling your car, crashing into a building, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.
UM/UIM Coverage – This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants and also any damage incurred to your Jeep Grand Cherokee.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Comprehensive or Other Than Collision – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like a tree branch falling on your vehicle, hitting a bird, damage from flooding and vandalism. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
More affordable insurance coverage can be found online and from local agencies, and you should compare rates from both to get a complete price analysis. Some insurance companies may not provide internet price quotes and these small, regional companies sell through local independent agencies.
Throughout this article, we presented a lot of techniques to lower your 2018 Jeep Grand Cherokee insurance prices. The key concept to understand is the more rate quotes you have, the better your comparison will be. You may be surprised to find that the lowest priced insurance coverage comes from the least-expected company. Smaller companies may only write in your state and offer lower rates than their larger competitors like Geico and State Farm.
When getting car insurance quotes online, never reduce coverage to reduce premium. There are many occasions where drivers have reduced collision coverage to discover at claim time that the small savings ended up costing them much more. Your strategy should be to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.