I can’t think of a single person who cherishes buying insurance, in particular when their premiums are too high. You have so many car insurance companies to choose from, and although it’s a good thing to have multiple companies, it can be more challenging to compare rates and find the lowest cost insurance.
Finding the best rates is quite easy. If you are insured now or are looking for a new policy, you can use these tips to find the best rates while maintaining coverages. Consumers just need to know the most effective way to compare company rates on the web.
Effectively comparing insurance prices can take time and effort if you don’t know the most efficient way to do it. You could spend your day discussing policy coverages with insurance agencies in your area, or you could save time and use online quoting to achieve your goal.
Many popular insurance companies belong to a marketplace that enables customers to complete one form, and each participating company then returns a price quote based on that information. This eliminates the need for repetitive form submissions for each company.
To participate in this free quote system, click here to open in new window.
The only drawback to doing it this way is that consumers can’t choose the companies you want to price. So if you prefer to pick individual companies to receive pricing from, we put together a list of low cost insurance companies in your area. Click to view list.
It’s up to you which method you use, but compare exactly the same coverage limits and deductibles with every price quote. If you have mixed coverages it’s impossible to truly determine the lowest rate.
When choosing the best insurance coverage for your vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else’s and your policy should reflect that. These are some specific questions may help you determine whether you might need an agent’s assistance.
If you’re not sure about those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can help protect your family.
Having a good grasp of a car insurance policy helps when choosing the best coverages for your vehicles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types found on most car insurance policies.
Collision coverages – Collision insurance covers damage to your Five Hundred from colliding with an object or car. A deductible applies and then insurance will cover the remainder.
Collision can pay for things like sideswiping another vehicle, colliding with another moving vehicle, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.
Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as rock chips in glass, damage from getting keyed, vandalism and falling objects. The maximum payout a car insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your Ford Five Hundred.
Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.
Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for bills for chiropractic care, nursing services, EMT expenses, pain medications and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states and may carry a deductible
Liability – This coverage can cover damages or injuries you inflict on people or other property in an accident. It protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 that translate to $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.
Liability insurance covers things such as funeral expenses, pain and suffering, medical services and bail bonds. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.