Sick and tired of robbing Peter to pay Paul to insure your Ford every month? You are no different than millions of other consumers.
Popular companies such as State Farm, Farmers Insurance, Geico and Allstate constantly bombard you with ad campaigns and consumers find it hard to ignore the flashy ads and take the time to shop coverage around.
You need to take a look at other company’s rates yearly since rates are variable and change quite frequently. Just because you found the lowest rates for Fiesta insurance six months ago you can probably find a better price now. Starting now, ignore everything you know about insurance because you’re going to learn the proper way to save on insurance.
If you currently have car insurance, you stand a good chance to be able to cut costs considerably using these techniques. Choosing the best insurance company for you is easy if you know what you’re doing. Nevertheless, car owners can benefit from knowing how the larger insurance companies determine prices.
Car insurance companies don’t always advertise all their discounts very clearly, so we break down some of the more common and the harder-to-find discounts you could be receiving.
Consumers should know that most credits do not apply to the entire policy premium. Most cut the cost of specific coverages such as collision or personal injury protection. So even though it sounds like you would end up receiving a 100% discount, companies wouldn’t make money that way.
For a list of companies with the best car insurance discounts, click this link.
When buying adequate coverage, there really is no best way to insure your cars. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions could help you determine whether your personal situation would benefit from an agent’s advice.
If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Learning about specific coverages of your policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy. These are the usual coverages available from car insurance companies.
Coverage for liability – This can cover damage or injury you incur to people or other property that is your fault. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against claims like court costs, loss of income, medical expenses, legal defense fees and emergency aid. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This coverage provides protection when other motorists do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your 2011 Ford Fiesta.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.
Comprehensive auto coverage – This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like a tree branch falling on your vehicle, vandalism, damage from flooding, falling objects and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Medical payments and PIP coverage – Med pay and PIP coverage reimburse you for short-term medical expenses for EMT expenses, rehabilitation expenses and doctor visits. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Collision coverages – This will pay to fix damage to your Fiesta resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things such as driving through your garage door, sustaining damage from a pot hole, colliding with a tree and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.
We covered a lot of tips how to save on 2011 Ford Fiesta insurance. The key thing to remember is the more times you quote, the better your comparison will be. You may even discover the lowest premiums are with a small mutual company. They may cover specific market segments cheaper compared to the large companies like Geico and State Farm.
When trying to cut insurance costs, you should never buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.