No one likes paying for insurance, in particular when they are paying too much. Multiple auto insurance companies compete for your insurance dollar, and because of this it can be hard to compare insurance companies and get the best coverage at the best price available.
If you have a policy now or are just looking to switch companies, you can follow these tips to reduce the price you pay while maximizing coverage. Choosing the best insurance company for you is easy if you know what you’re doing. Consumers just need to know the proper way to compare rates online.
Car insurance companies don’t always advertise every available discount in a way that’s easy to find, so the following is a list of some of the best known as well as the least known insurance coverage savings. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.
It’s important to note that some of the credits will not apply to the entire policy premium. A few only apply to specific coverage prices like comp or med pay. So even though it sounds like all those discounts means the company will pay you, it doesn’t quite work that way.
For a list of providers who offer insurance coverage discounts, click here to view.
When choosing coverage, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For instance, these questions can help discover whether your personal situation would benefit from professional advice.
If it’s difficult to answer those questions but a few of them apply, you may need to chat with an insurance agent. To find lower rates from a local agent, 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 you can get the answers you need.
Consumers constantly see and hear ads for the lowest price auto insurance from the likes of Allstate and Progressive. All the companies make the same claim about savings after switching your coverage to them.
How does each company make the same claim? It’s all in the numbers.
All companies have a certain “appetite” for the driver that is profitable for them. For instance, a desirable insured could be between 25 and 40, owns a home, and has a short commute. Any new insured who meets those qualifications will get very good rates and most likely will save when they switch companies.
Consumers who are not a match for the “perfect” profile will have to pay a more expensive rate which leads to the driver buying from a lower-cost company. The ads say “customers that switch” but not “drivers who get quotes” save that much. That is how companies can make the claims of big savings. Because of the profiling, you should get quotes from several different companies. It is impossible to predict which insurance companies will give you the biggest savings on Volkswagen Jetta insurance.
Learning about specific coverages of a insurance policy aids in choosing the best coverages and proper limits and deductibles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by insurance companies.
Comprehensive coverage (or Other than Collision) – This will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as rock chips in glass, damage from a tornado or hurricane and hail damage. The maximum amount your insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Uninsured Motorist or Underinsured Motorist insurance – This provides protection from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your Volkswagen Jetta.
Since many drivers carry very low liability coverage limits, their limits can quickly be used up. So UM/UIM coverage is a good idea.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for surgery, doctor visits, prosthetic devices, hospital visits and pain medications. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
Collision coverage – This coverage will pay to fix damage to your Jetta resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as sideswiping another vehicle, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also raise the deductible to get cheaper collision coverage.
Coverage for liability – Liability coverage provides protection from injuries or damage you cause to other people or property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.
Liability can pay for claims such as emergency aid, loss of income, repair costs for stationary objects and court costs. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.
Throughout this article, we presented many ideas to get a better price on 2003 Volkswagen Jetta insurance. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest rates come from a company that doesn’t do a lot of advertising. Regional companies can often provide lower rates in certain areas than their larger competitors like Progressive or Geico.
When shopping online for insurance coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. In too many instances, someone dropped collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your focus should be to purchase plenty of coverage at the best price.
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