Are you a victim of an overpriced car insurance policy? Believe me, there are lots of people in the same boat.
Because there are so many choices of insurance companies, it can be diffult for consumers to choose the right insurance company.
The method we recommend to get rate comparisons is to understand most of the larger companies allow for online access to give free rates quotes. All consumers are required to do is give them rating details including whether you drive to work or school, if your license is active, if it has an anti-theft system, and which vehicles you own. Your insurance information is instantly provided to multiple top-rated companies and you will receive price estimates with very little delay.
When it comes to choosing the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Every insured’s situation is different so your insurance should reflect that These are some specific questions may help you determine whether you would benefit from professional advice.
If you can’t answer these questions but one or more may apply to you, you may need to chat with a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of your policy can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. These are the normal coverages offered by car insurance companies.
Auto liability insurance – Liability coverage will cover damage that occurs to other’s property or people. It protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property.
Liability coverage protects against things like funeral expenses, court costs, repair bills for other people’s vehicles, repair costs for stationary objects and pain and suffering. How much liability coverage do you need? That is up to you, but buy as high a limit as you can afford.
Uninsured/Underinsured Motorist coverage – This protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Chevy Astro Cargo.
Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage should not be overlooked.
Collision coverages – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as crashing into a ditch, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance pay for expenses such as nursing services, EMT expenses and hospital visits. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers all vehicle occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible
Comprehensive coverage – This covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like vandalism, theft and damage from getting keyed. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.