Finding better rates for car insurance can seem to be hard for beginners to shopping for insurance online. You have so many options available that it can quickly become more work than you anticipated to find lower rates.
Consumers need to compare rates once or twice a year since insurance rates are variable and change quite frequently. Just because you had the lowest rates for Soul coverage a year ago you can probably find a lower rate today. Starting right now, block out anything you think you know about car insurance because we’re going to show you how to use online quotes to find lower rates on car insurance.
It’s important that you understand the factors that go into determining insurance coverage rates. Having a good understanding of what impacts premium levels enables informed choices that can help you get lower insurance coverage prices.
Companies offering auto insurance do not advertise all their discounts in a way that’s easy to find, so we break down both the well known and also the lesser-known discounts you could be receiving.
A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. Most only apply to specific coverage prices like collision or personal injury protection. So when the math indicates all those discounts means the company will pay you, you’re out of luck.
To see a list of companies with the best insurance coverage discounts, click here.
Insurance coverage providers like Allstate and Progressive constantly bombard you with ads on television and other media. They all make an identical promise that you’ll save big if you switch your policy. How does each company make almost identical claims?
Different companies have a preferred profile for the driver that earns them a profit. For example, a profitable customer could be over the age of 40, owns a home, and drives newer vehicles. A driver that hits that “sweet spot” will get very good rates and therefore will save quite a bit of money when switching.
Potential insureds who don’t measure up to the requirements will be charged more money and this can result in business not being written. The ads say “people who switch” but not “drivers who get quotes” save that much. That’s why companies can truthfully make those claims. That is why you need to quote coverage with many companies. It’s just too difficult to predict which insurance companies will fit your personal profile best.
When it comes to choosing proper insurance coverage, there is no single plan that fits everyone. Each situation is unique.
For instance, these questions could help you determine if your situation would benefit from an agent’s advice.
If you don’t know the answers to these questions, you may need to chat with a licensed agent. To find an agent in your area, simply complete this short form.
Learning about specific coverages of insurance aids in choosing the right coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and coverage can change by endorsement.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.
Collision coverages – This coverage will pay to fix damage to your Soul resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as sustaining damage from a pot hole, backing into a parked car, driving through your garage door, hitting a parking meter and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also increase the deductible to save money on collision insurance.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like prosthetic devices, hospital visits, ambulance fees and pain medications. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Liability auto insurance – Liability coverage will cover injuries or damage you cause to other’s property or people in an accident. This coverage protects you against claims from other people, and does not provide coverage for 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 policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.
Liability insurance covers claims such as emergency aid, bail bonds and structural damage. How much liability should you purchase? That is a personal decision, but you should buy higher limits if possible.
Comprehensive auto coverage – Comprehensive insurance covers damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as fire damage, falling objects, hail damage and a broken windshield. The highest amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Insureds change insurance companies for any number of reasons including lack of trust in their agent, policy non-renewal, being labeled a high risk driver and even poor customer service. It doesn’t matter what your reason, choosing a new insurance company is not as hard as you think.
We’ve covered a lot of information how to shop for 2013 Kia Soul insurance online. The most important thing to understand is the more times you quote, the better likelihood of reducing your rate. You may even discover the biggest savings come from an unexpected company.
Cheaper insurance is possible from both online companies and also from your neighborhood agents, and you need to comparison shop both to have the best rate selection. Some insurance providers may not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.
More tips and info about insurance coverage can be read in the articles below: