Are you sick and tired of trying to scrape together enough money each month for car insurance? You are in the same boat as many other drivers.
You have multiple insurance companies to pick from, and even though it’s nice to be able to choose, it can be more difficult to find the lowest rates.
It’s a good idea to check car insurance prices at least once a year because prices tend to go up over time. Despite the fact that you may have had the lowest price on Express coverage a couple years back you will most likely find a better rate today. So just block out anything you think you know about car insurance because I’m going to teach you the only way to lower your annual insurance bill.
Most major insurance companies like Allstate and Progressive provide coverage price quotes online. Obtaining pricing is fairly straightforward as you just enter your required coverages into the quote form. When the form is submitted, the system requests information on your driving record and credit history and returns a price based on these and other factors. Quoting online simplifies rate comparisons, but the work required to visit a lot of sites and type in the same information can be a bit tiresome and repetitive. But it’s very important to have as many quotes as possible if you want to find lower prices.
Isn’t there an easier way to compare rates?
The smarter way to lower your rates utilizes a single form to return rates from more than one company. It saves time, requires less work, and makes rate comparisons much more efficient. Immediately after submitting the form, it is quoted and you can select any or none of the price quotes you receive.
If the quotes result in lower rates, it’s easy to complete the application and buy the new coverage. The whole process only takes a few minutes and can result in significant savings.
To quickly compare pricing, click here and fill out the form. To compare your current rates, we recommend you input the insurance coverages identical to your current policy. This helps ensure you will have rate quotes for similar coverage.
Companies like Allstate and Progressive continually stream ads in print and on television. All the ads make the same claim that you can save after switching to them. But how can every company claim to save you money?
Different companies are able to cherry pick for the right customer they prefer to insure. For example, a profitable customer could possibly be between the ages of 30 and 50, has no prior claims, and drives less than 10,000 miles a year. A customer that hits that “sweet spot” will get very good rates and as a result will probably save when they switch companies.
Drivers who don’t measure up to these standards must pay higher prices and this can result in business not being written. The ad wording is “people who switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently claim big savings.
This illustrates why it’s extremely important to get as many comparisons as possible. Because you never know the company that will fit your personal profile best.
It’s important that you understand the factors that come into play when calculating insurance rates. Knowing what determines base rates helps enable you to make changes that could result in better insurance rates.
Car insurance can cost a lot, but you can get discounts to help bring down the price. Some discounts apply automatically when you complete an application, but lesser-known reductions have to be specially asked for prior to getting the savings.
A little note about advertised discounts, most of the big mark downs will not be given to the overall cost of the policy. Most only cut the price of certain insurance coverages like liability and collision coverage. Just because you may think you can get free auto insurance, it just doesn’t work that way. But any discount will bring down the amount you have to pay.
To see a list of insurance companies with discount insurance rates, click here.
When choosing adequate coverage, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For instance, these questions can help discover whether or not you may require specific advice.
If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area.
Understanding the coverages of insurance can be of help when determining appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement. Below you’ll find the normal coverages available from insurance companies.
Liability auto insurance – This coverage protects you from damages or injuries you inflict on other people or property that is your fault. It protects you against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage pays for things such as repair bills for other people’s vehicles, repair costs for stationary objects, court costs, emergency aid and funeral expenses. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.
Comprehensive insurance – Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims like vandalism, damage from a tornado or hurricane, hail damage, a broken windshield and hitting a bird. The most you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Coverage for uninsured or underinsured drivers – This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your 2001 Chevy Express.
Since many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits are similar to your liability insurance amounts.
Coverage for medical expenses – Coverage for medical payments and/or PIP kick in for expenses such as ambulance fees, X-ray expenses, nursing services and prosthetic devices. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers you and your occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Collision coverage – Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision can pay for things like driving through your garage door, colliding with a tree, scraping a guard rail, colliding with another moving vehicle and crashing into a ditch. 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.
Cost effective 2001 Chevy Express insurance can be bought both online and also from your neighborhood agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance coverage companies may not provide online quoting and most of the time these small insurance companies sell through independent agents.
As you restructure your insurance plan, you should never buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy enough coverage at an affordable rate, not the least amount of coverage.
We just covered a lot of ways to reduce insurance prices online. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the best prices are with the smaller companies. These smaller insurers may cover specific market segments cheaper than their larger competitors like Progressive or Geico.
Even more information is available by following these links: