Having to pay for overpriced auto insurance can take a big chunk out of your bank account and force you to prioritize other expenses. Comparing price quotes is free and is an excellent way to reduce premiums and put more money in your pocket.
With so many choices, it can be hard to find the cheapest insurer.
Car insurance is not cheap, but discounts can save money and there are some available to help offset the cost. Most are applied when you quote, but less common discounts must be asked for prior to receiving the credit.
A little note about advertised discounts, most discount credits are not given to your bottom line cost. Most only reduce specific coverage prices like liability and collision coverage. So even though it sounds like it’s possible to get free car insurance, companies wouldn’t make money that way. Any amount of discount will reduce the cost of coverage.
Car insurance companies that possibly offer these discounts include:
Check with each company which discounts they offer. Savings may not be available in every state.
Most major insurance companies provide pricing on their websites. The process doesn’t take much effort as you just type in your personal and coverage information into a form. Behind the scenes, their system automatically retrieves your driving record and credit report and returns a price based on many factors. Online quotes streamlines rate comparisons, but the time required to go to several different sites and fill out multiple forms is repetitive and time-consuming. But it’s absolutely necessary to compare as many rates as possible if you are searching for the best price possible.
Quote rates the easy way
A less time-consuming method to get multiple rate quotes utilizes a single form that obtains quotes from a bunch of companies at once. The form is fast, requires less work, and makes rate comparisons much more efficient. After sending your information, it is quoted and you can choose any one of the pricing results.
If the quotes result in lower rates, you can click and sign and purchase the new policy. This process can be completed in less than 10 minutes and could lower your rates considerably.
To save time and find out what other companies charge, click here to open in a new tab and enter your information. If you have a policy now, it’s recommended you replicate coverages and limits identical to your current policy. This guarantees you will be getting rate quotes based on the exact same insurance coverage.
When it comes to buying coverage for your personal vehicles, there really is no cookie cutter policy. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions may help you determine whether your personal situation could use an agent’s help.
If you’re not sure about those questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area.
Knowing the specifics of auto insurance can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverages found on most auto insurance policies.
Coverage for liability
Liability insurance protects you from injuries or damage you cause to a person or their property by causing an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 50/100/50 which stand for a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability can pay for claims such as court costs, emergency aid, bail bonds and pain and suffering. How much coverage you buy is a personal decision, but consider buying as large an amount as possible.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance provide coverage for immediate expenses like chiropractic care, nursing services and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if you lack health insurance entirely. They cover you and your occupants and also covers any family member struck as a pedestrian. PIP is not universally available but can be used in place of medical payments coverage
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your GMC Terrain.
Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive coverage
Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like damage from flooding, a tree branch falling on your vehicle, damage from a tornado or hurricane and hitting a deer. The most a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider dropping full coverage.
Collision protection
Collision insurance pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims like sustaining damage from a pot hole, rolling your car, sideswiping another vehicle, crashing into a ditch and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.
We just presented a lot of tips how to lower your 2013 GMC Terrain insurance rates. The most important thing to understand is the more rate comparisons you have, the higher the chance of saving money. Consumers may even find the best price on auto insurance is with a company that doesn’t do a lot of advertising. Smaller companies often have lower prices on specific markets as compared to the big name companies such as Progressive and Geico.
Lower-priced insurance can be purchased both online in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture. A few companies do not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.