Sick and tired of paying out the nose to pay your car insurance bill each month? You are in the same boat as many other drivers. Drivers have multiple insurers to insure vehicles with, and although it’s a good thing to have a choice, so many choices can make it hard to compare company pricing.
The purpose of this post is to instruct you on the best way to quote coverages and some money-saving tips. If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using these methods. Vehicle owners just need to understand the tricks to compare rates online.
The price of auto insurance can be rather high, but there could be available discounts that you may not even be aware of. Some trigger automatically when you purchase, but a few must be specifically requested in order for you to get them. If you aren’t receiving every discount you deserve, you’re paying more than you need to.
It’s important to note that some of the credits will not apply to all coverage premiums. Most only reduce specific coverage prices like medical payments or collision. So even though it sounds like all the discounts add up to a free policy, insurance coverage companies aren’t that generous. But all discounts will help reduce the amount you have to pay.
To see a list of insurers with the best insurance coverage discounts, click this link.
It’s important that you understand some of the elements that play a part in calculating insurance coverage rates. Knowing what influences your rates helps enable you to make changes that could result in better insurance coverage rates.
Shown below are a partial list of the pieces that factor into premiums.
When buying adequate coverage, there isn’t really a cookie cutter policy. Every insured’s situation is different so this has to be addressed. Here are some questions about coverages that may help you determine if you could use an agent’s help.
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form or click here for a list of insurance companies in your area. It is quick, free and may give you better protection.
Consumers constantly see and hear ads for the lowest price auto insurance from companies such as Progressive, Geico, Allstate and State Farm. They all make an identical promise of big savings if you change your policy.
How does each company make almost identical claims?
All companies have a certain “appetite” for the right customer that is profitable for them. A good example of a driver they prefer could possibly be between the ages of 40 and 55, is a homeowner, and has great credit. Any driver who fits that profile will get the preferred rates and is almost guaranteed to save when they switch companies.
Drivers who fall outside these standards must pay higher premiums which usually ends up with business not being written. The ads state “customers that switch” not “everyone that quotes” save that kind of money. That’s the way insurance companies can claim big savings.
This illustrates why you should quote coverage with many companies. It’s not possible to predict the company that will give you the biggest savings on Ford Explorer Sport insurance.
Having a good grasp of car insurance helps when choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are typical coverage types found on the average car insurance policy.
Collision insurance covers damage to your Explorer Sport resulting from colliding with an object or car. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers things like backing into a parked car, colliding with a tree and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. You can also increase the deductible in order to get cheaper collision rates.
Liability insurance protects you from damage or injury you incur to a person or their property in an accident. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage pays for claims like repair costs for stationary objects, repair bills for other people’s vehicles and emergency aid. How much liability should you purchase? That is up to you, but consider buying as much as you can afford.
Medical payments and Personal Injury Protection insurance kick in for immediate expenses for doctor visits, nursing services, funeral costs and pain medications. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible
This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as theft, a broken windshield and rock chips in glass. The highest amount your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured or Underinsured Motorist coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Ford Explorer Sport.
Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Usually these coverages are similar to your liability insurance amounts.
Budget-conscious 2003 Ford Explorer Sport insurance is attainable online and with local insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some car insurance companies do not offer online price quotes and most of the time these regional insurance providers sell through independent agents.
As you prepare to switch companies, never buy poor coverage just to save money. In many cases, drivers have reduced comprehensive coverage or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to get the best coverage possible for the lowest price while still protecting your assets.
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