Are you tired of robbing Peter to pay Paul to pay your car insurance bill each month? You’re in the same situation as many other drivers. Multiple insurers compete for your hard-earned dollar, and it can be difficult to compare rates to find the absolute lowest price
If you have insurance now or are looking for a new policy, you will benefit by learning to reduce the price you pay and still get good coverage. Finding the best rates is quite easy. Drivers only need to know how to shop their coverage around on the web.
An important part of buying insurance is that you know the rating factors that come into play when calculating the rates you pay for insurance. Knowing what controls the rates you pay empowers consumers to make smart changes that can help you get better insurance rates.
The fastest way that we advise to compare insurance rates from multiple companies is to realize car insurance companies actually pay money for the chance to give you rate quotes. To start a quote, the only thing you need to do is provide details like the year, make and model of vehicles, driver details, how many miles driven, and whether or not you need a SR-22. Those rating factors is submitted instantly to all major companies and they provide comparison quotes almost instantly.
Drivers can’t ignore all the ads for the lowest price auto insurance from companies such as Progressive, Geico, Allstate and State Farm. They all make the same claim that you’ll save big after switching your policy.
How can each company say the same thing? It’s all in the numbers.
Insurance companies are able to cherry pick for the type of customer that earns them a profit. A good example of a desirable insured could be between the ages of 40 and 55, has no driving citations, and drives newer vehicles. Any driver who meets those qualifications will qualify for the lowest rates and is almost guaranteed to save quite a bit of money when switching.
Drivers who don’t meet these standards will be charged a more expensive rate which leads to the customer not buying. The ad wording is “people who switch” not “people who quote” save that much money. That’s the way companies can make the claims of big savings. That is why you need to compare many company’s rates. It is impossible to predict which insurance coverage company will fit your personal profile best.
Car insurance companies don’t list every available discount very clearly, so we break down some of the best known and also the lesser-known savings tricks you should be using. If you’re not getting every credit you qualify for, you are throwing money away.
It’s important to understand that some of the credits will not apply the the whole policy. Most only apply to the price of certain insurance coverages like comp or med pay. So even though it sounds like you could get a free car insurance policy, companies don’t profit that way.
A partial list of companies that possibly offer some of the above discounts are:
Before buying, ask each company which discounts you may be entitled to. Discounts might not be offered in every state.
When buying proper insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Every insured’s situation is different and a cookie cutter policy won’t apply. These are some specific questions may help you determine if your situation might need an agent’s assistance.
If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.
Learning about specific coverages of insurance can be of help when determining which coverages you need for your vehicles. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording. These are the usual coverages offered by insurance companies.
Uninsured/Underinsured Motorist (UM/UIM) – This provides protection when other motorists do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Acura ILX.
Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Collision coverages – Collision coverage pays for damage to your ILX caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as scraping a guard rail, sideswiping another vehicle, crashing into a ditch, colliding with another moving vehicle and driving through your garage door. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible in order to get cheaper collision rates.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage reimburse you for expenses for things like doctor visits, dental work, chiropractic care, nursing services and X-ray expenses. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Liability coverage – Liability insurance provides protection from damage or injury you incur to other people or property in an accident. This insurance protects YOU from claims by other people, and doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000.
Liability coverage protects against claims like structural damage, court costs, attorney fees and pain and suffering. How much coverage you buy is a personal decision, but you should buy as high a limit as you can afford.
Comprehensive insurance – Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims such as vandalism, hitting a deer and rock chips in glass. The maximum amount your insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
As you restructure your insurance plan, never buy less coverage just to save a little money. Too many times, someone dropped collision coverage and found out when filing a claim that they should have had better coverage. Your focus should be to buy the best coverage you can find for the lowest price while still protecting your assets.
We just presented many ways to shop for 2013 Acura ILX insurance online. The key thing to remember is the more rate comparisons you have, the better likelihood of reducing your rate. Consumers may even find the best prices are with a company that doesn’t do a lot of advertising. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like Allstate, Geico and Progressive.
More information can be read at the links below