Have you fallen victim to an overpriced car insurance policy? Trust us, there are many consumers feeling the pinch from expensive car insurance. Drivers have multiple insurance companies to choose from, and even though it’s nice to have multiple companies, it can be more difficult to find the best rates for your vehicles.
Finding affordable coverage is easy if you know what you’re doing. If you currently have car insurance, you will be able to cut costs considerably using these tips. Vehicle owners only need an understanding of the proper way to shop for insurance coverage over the internet.
Consumers need to have an understanding of some of the elements that play a part in calculating the rates you pay for insurance. Understanding what controls the rates you pay enables informed choices that may reward you with big savings.
Shown below are a few of the “ingredients” insurance companies consider when setting rates.
Auto insurance companies don’t list all available discounts very well, so here is a list both the well known and the more hidden discounts you could be receiving. If you don’t get every credit possible, you are paying more than you should be.
Consumers should know that most credits do not apply to the overall cost of the policy. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because you may think you can get free auto insurance, companies wouldn’t make money that way.
To see a list of insurers with the best auto insurance discounts, click here.
Consumers constantly see and hear ads that promise big savings by companies like State Farm, Geico and Progressive. They all have a common claim of big savings after switching to them.
How can each company claim to save you money? It’s all in the numbers.
Insurance companies are able to cherry pick for the driver that is profitable for them. An example of a driver they prefer could be over the age of 40, a clean driving record, and drives newer vehicles. A driver who matches those parameters gets the lowest rates and is almost guaranteed to save a lot of money.
Potential customers who fall outside the “perfect” profile will have to pay a higher premium which usually ends up with the customer not buying. The ads state “drivers who switch” not “everyone that quotes” save that much. This is how companies can advertise the savings. Because of the profiling, you absolutely need to get as many comparisons as possible. It’s just too difficult to predict which insurance companies will provide you with the cheapest Kia Amanti insurance rates.
When buying proper insurance coverage, there really is not a one size fits all plan. Everyone’s situation is a little different so this has to be addressed. For instance, these questions could help you determine whether or not you might need an agent’s assistance.
If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area. It only takes a few minutes and can provide invaluable advice.
Knowing the specifics of insurance aids in choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages available from insurance companies.
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your 2004 Kia Amanti.
Since many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Liability coverage – Liability coverage will cover damage that occurs to other people or property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show policy limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability coverage pays for things like funeral expenses, loss of income, court costs, repair costs for stationary objects and pain and suffering. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like prosthetic devices, nursing services, pain medications, hospital visits and doctor visits. They are utilized in addition to your health insurance program or if there is no health insurance coverage. They cover all vehicle occupants as well as being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage
Comprehensive (Other than Collision) – This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage pays for things such as a broken windshield, hail damage, fire damage, damage from a tornado or hurricane and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Collision coverage – Collision coverage will pay to fix damage to your Amanti caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things like hitting a parking meter, colliding with a tree, driving through your garage door, sideswiping another vehicle and colliding with another moving vehicle. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.
In this article, we presented many ideas to compare 2004 Kia Amanti insurance prices online. The key thing to remember is the more you quote, the higher your chance of finding lower rates. You may even discover the lowest rates come from a lesser-known regional company. Smaller companies can often provide lower rates in certain areas than their larger competitors like State Farm, Geico and Nationwide.
As you prepare to switch companies, it’s a bad idea to reduce needed coverages to save money. There are many occasions where someone dropped collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage at the best price while still protecting your assets.
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