Feel like you’re a prisoner to an underperforming, overpriced insurance policy? Trust us when we tell you there are many consumers feeling the pinch from expensive insurance. Big companies like State Farm, Farmers Insurance, Geico and Allstate all claim big savings, bombarding you with catchy ads and it can be hard to ignore the flashy ads and effectively compare rates to find the best deal.
Smart consumers take time to compare rates on a regular basis because insurance rates are adjusted regularly by insurance companies. Just because you had the best deal on Liberty insurance on your last policy you can probably find a better price now. There is a lot of wrong information about insurance online but I’m going to show you the best ways to put money back in your pocket.
Car insurance can cost a lot, but you may find discounts to help bring down the price. Some trigger automatically at the time of quoting, but lesser-known reductions have to be specially asked for before they will apply. If you’re not getting every credit you deserve, you are paying more than you should be.
It’s important to understand that most discount credits are not given to the overall cost of the policy. Some only apply to specific coverage prices like physical damage coverage or medical payments. Just because you may think all those discounts means the company will pay you, companies wouldn’t make money that way. But all discounts will cut the cost of coverage.
Car insurance companies who might offer these discounts include:
Double check with each insurance company which discounts they offer. Discounts may not be available in every state.
Drivers can’t get away from ads for cheaper car insurance from companies such as Progressive, Geico, Allstate and State Farm. All the ads make an identical promise that you can save if you switch your policy.
How do they all say the same thing? It’s all in the numbers.
All companies can use profiling for the driver that makes them money. For instance, a driver they prefer might be between the ages of 30 and 50, has no prior claims, and chooses high deductibles. Any driver who meets those qualifications gets the lowest rates and therefore will save a lot of money.
Potential customers who do not match this ideal profile must pay a more expensive rate which usually ends up with the driver buying from a lower-cost company. The ads state “customers who switch” not “everyone that quotes” save that much. This is how companies can truthfully advertise the way they do.
This illustrates why you absolutely need to compare many company’s rates. It is impossible to predict which insurance companies will have the lowest Jeep Liberty insurance rates.
When buying the best car insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Every situation is different so your insurance should reflect that These are some specific questions can aid in determining whether or not you might need an agent’s assistance.
If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It is quick, free and may give you better protection.
Knowing the specifics of your auto insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. These are typical coverages available from auto insurance companies.
Liability car insurance
Liability coverage provides protection from injuries or damage you cause to other people or property in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.
Liability insurance covers claims such as funeral expenses, court costs, structural damage and bail bonds. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Protection from uninsured/underinsured drivers
This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries and damage to your Jeep Liberty.
Because many people 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. Frequently the UM/UIM limits are similar to your liability insurance amounts.
Collision coverage protection
This pays for damage to your Liberty resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as scraping a guard rail, hitting a mailbox, sustaining damage from a pot hole, crashing into a ditch and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.
Comprehensive (Other than Collision)
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like fire damage, damage from flooding and falling objects. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like funeral costs, surgery and chiropractic care. They are often used in conjunction with a health insurance program or if you lack health insurance entirely. They cover you and your occupants and also covers being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay
When trying to cut insurance costs, never skimp on critical coverages to save a buck or two. In many instances, someone dropped physical damage coverage only to regret that their decision to reduce coverage ended up costing them more. Your goal should be to buy enough coverage for the lowest price while still protecting your assets.
Low-cost 2008 Jeep Liberty insurance is available online and also from your neighborhood agents, so compare prices from both so you have a total pricing picture. Some insurance companies may not provide online price quotes and these small insurance companies work with independent agents.
More tips and info about auto insurance can be found at these sites: