Want lower insurance coverage rates for your Ford Probe? Did you fall for a flashy sales pitch and buy overpriced insurance coverage? Trust us, you’re not the only one.
Drivers have so many auto insurance companies to pick from, and though it is a good thing to have multiple companies, having more auto insurance companies makes it harder to adequately compare rates.
It’s a great practice to compare prices before your policy renews because insurance rates change regularly. Just because you found the lowest price on Probe coverage on your last policy you will most likely find a better rate today. Forget all the misinformation about insurance coverage because you’re about to find out the right way to reduce your cost while improving coverage.
The quickest way to compare rates takes advantage of the fact all the major auto insurance companies provide online access to give rate comparisons. To begin a comparison, all you need to do is take a few minutes to give details like your job, your education level, your general credit rating, and the make and model of your vehicles. Those rating factors is instantly submitted to many different companies and you should receive rate quotes instantly.
When it comes to choosing coverage, there really is no single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For instance, these questions might point out if your situation may require specific advice.
If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Having a good grasp of your insurance policy can help you determine the best coverages and proper limits and deductibles. Insurance terms can be impossible to understand and coverage can change by endorsement. Listed below are typical coverage types found on the average insurance policy.
Comprehensive coverage (or Other than Collision)
This pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as fire damage, hail damage, a broken windshield, hitting a deer and damage from getting keyed. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability coverage
Liability insurance can cover damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 which means a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Another option is a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims like legal defense fees, pain and suffering and funeral expenses. How much coverage you buy is your choice, but you should buy higher limits if possible.
Collision insurance
Collision coverage will pay to fix damage to your Probe caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as driving through your garage door, colliding with a tree, colliding with another moving vehicle, scraping a guard rail and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance provide coverage for bills like doctor visits, chiropractic care and ambulance fees. They are used in conjunction with a health insurance plan or if there is no health insurance coverage. They cover you and your occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your Ford Probe.
Since a lot of drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.