No one enjoys paying for auto insurance, particularly when they are paying too much.
Drivers have so many auto insurance companies to choose from, and though it is a good thing to have a selection, so many choices can make it hard to compare rates.
You need to shop coverage around on a regular basis because rates change quite often. Despite the fact that you may have had the best deal for Rio coverage six months ago you will most likely find a better rate today. You can find a lot of misleading information regarding auto insurance online, so I’m going to show you some guaranteed methods to slash your auto insurance rates.
Buying car insurance is easy if you know what you’re doing. In a nutshell, every vehicle owner who has to buy auto insurance will most likely be able to save money. But car owners can benefit by having an understanding of how big insurance companies sell insurance online and use this information to your advantage.
Auto insurance companies do not advertise all their discounts in an easy-to-find place, so we researched some of the best known and the harder-to-find auto insurance savings.
Consumers should know that some of the credits will not apply the the whole policy. Most cut specific coverage prices like comp or med pay. So even though they make it sound like you could get a free auto insurance policy, companies wouldn’t make money that way.
A partial list of companies that may have these money-saving discounts include:
It’s a good idea to ask every prospective company what discounts are available to you. All car insurance discounts may not be available in your area.
When buying proper insurance coverage, there really is not a perfect coverage plan. Each situation is unique and your policy should reflect that. For instance, these questions may help you determine whether or not you may require specific advice.
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Learning about specific coverages of car insurance helps when choosing which coverages you need at the best deductibles and correct limits. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the usual coverages offered by car insurance companies.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as pain medications, EMT expenses, rehabilitation expenses and dental work. The coverages can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants and also covers being hit by a car walking across the street. PIP coverage is not available in all states but can be used in place of medical payments coverage
Collision coverage protection
Collision coverage pays for damage to your Rio 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 insurance covers claims like driving through your garage door, colliding with a tree and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.
Liability auto insurance
This coverage can cover damage that occurs to other people or property that is your fault. Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.
Liability coverage protects against things like loss of income, legal defense fees, structural damage and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.
Comprehensive auto coverage
Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as vandalism, damage from flooding, hitting a deer, damage from getting keyed and theft. The maximum payout a car insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
We covered quite a bit of information on how to compare 2013 Kia Rio insurance prices online. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. You may be surprised to find that the lowest priced insurance coverage comes from an unexpected company. Regional companies often have lower prices on specific markets compared to the large companies like State Farm, Geico and Nationwide.
Cost effective insurance is available on the web in addition to many insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance providers do not provide online price quotes and many times these regional insurance providers only sell through independent insurance agents.