I can’t think of a single person who cherishes buying auto insurance, especially knowing the price is too high.
Many auto insurance companies compete for your business, and because of this it can be hard to compare auto insurance companies to find the absolute lowest price
It’s important to compare prices periodically because prices trend upward over time. Despite the fact that you may have had the best price on Roadmaster insurance last year there is a good chance you can find better rates now. Ignore everything you know about auto insurance because we’re going to demonstrate the tricks you need to know to lower your rates without sacrificing coverage.
The fastest way that we advise to compare car insurance rates is to realize auto insurance companies pay for the opportunity to give you rate quotes. All consumers are required to do is provide a small amount of information including how much you drive, deductibles desired, if it has an alarm system, and whether the vehicles are used for commuting. Your insurance information is sent automatically to multiple different insurance companies and they respond with quotes instantly to find the best rate.
To compare multiple company rates now, click here and enter the information requested.
The price of auto insurance can be rather high, but companies offer discounts to help offset the cost. A few discounts will automatically apply at the time of purchase, but a few need to be specially asked for prior to getting the savings.
Drivers should understand that most discounts do not apply to all coverage premiums. Most only apply to specific coverage prices like medical payments or collision. Just because you may think you would end up receiving a 100% discount, companies wouldn’t make money that way. Any amount of discount will reduce your overall premium however.
Insurance companies that may have some of the above discounts include:
It’s a good idea to ask every prospective company which discounts you may be entitled to. Discounts may not apply everywhere.
When choosing the right insurance coverage for your vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions might help in determining whether or not you may require specific advice.
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. If you don’t have a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.
Understanding the coverages of a insurance policy can be of help when determining which coverages you need for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring. Shown next are the normal coverages found on most insurance policies.
Comprehensive or Other Than Collision
This covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as fire damage, hail damage, damage from flooding and hitting a bird. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
UM/UIM Coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually the UM/UIM limits are identical to your policy’s liability coverage.
Medical costs insurance
Coverage for medical payments and/or PIP provide coverage for bills such as nursing services, ambulance fees, prosthetic devices, X-ray expenses and surgery. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants in addition to getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible
Collision insurance
Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as backing into a parked car, hitting a mailbox and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.
Liability car insurance
Liability coverage will cover damage that occurs to people or other property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover 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. As an example, you may have policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability can pay for things like repair bills for other people’s vehicles, legal defense fees, pain and suffering and attorney fees. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.