No one likes paying for insurance coverage, particularly when the cost is too high.
Many insurers vie to insure your vehicles, so it’s not easy to compare every company to find the cheapest price
It’s a great practice to price shop coverage quite often because prices go up and down regularly. If you had the best price on Brougham coverage on your last policy you may be paying too much now. Ignore everything you know about insurance coverage because you’re about to learn one of the quickest ways to save money, get proper deductibles and limits, all at the lowest rate.
Companies offering auto insurance don’t always publicize every discount very well, so we researched some of the best known as well as the least known ways to save on car insurance.
It’s important to understand that many deductions do not apply to the overall cost of the policy. Most only reduce the cost of specific coverages such as comprehensive or collision. So even though they make it sound like adding up those discounts means a free policy, it just doesn’t work that way.
To see a list of insurance companies who offer car insurance discounts, click here.
The quickest method we recommend to compare car insurance rates is to know the trick most insurance companies provide online access to compare rate quotes. To begin a comparison, all you need to do is give them rating details such as how much school you completed, if you have a valid license, how much you drive, and if a SR-22 is needed. That information gets transmitted to insurance companies and they respond with quotes instantly.
When it comes to buying the best car insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s needs are different and your policy should reflect that. These are some specific questions might help in determining if your situation might need professional guidance.
If you’re not sure about those questions, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area.
Knowing the specifics of your insurance policy helps when choosing the best coverages for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are typical coverages offered by insurance companies.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as EMT expenses, prosthetic devices and pain medications. The coverages can be utilized in addition to your health insurance program or if there is no health insurance coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage
Collision protection
Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as scraping a guard rail, driving through your garage door, crashing into a ditch, colliding with a tree and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.
Coverage for liability
Liability coverage protects you from damage that occurs to other people or property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show 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 can pay for things like legal defense fees, pain and suffering and structural damage. How much coverage you buy is your choice, but you should buy higher limits if possible.
Comprehensive insurance
This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for things like damage from flooding, vandalism, damage from getting keyed and hitting a deer. The most a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Uninsured/Underinsured Motorist (UM/UIM)
This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
You just learned some good ideas how to get a better price on 1993 Cadillac Brougham insurance. The key concept to understand is the more price quotes you have, the better your comparison will be. Consumers may even find the best prices are with a company that doesn’t do a lot of advertising. Some small companies often have lower prices on specific markets than their larger competitors like Progressive and Geico.
When trying to cut insurance costs, don’t be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped liability coverage limits only to find out that the few dollars in savings costed them thousands. The proper strategy is to buy the best coverage you can find at an affordable rate, not the least amount of coverage.
Much more information about insurance coverage is available at the links below