Finding lower rates for auto insurance can be hard for consumers not familiar with comparing rates online. Consumers have so many companies to choose from that it can be a lot of work to find the best price.
You should make it a habit to get comparison quotes at least once a year since insurance rates fluctuate regularly. Just because you found the best price for tC coverage a couple years back there may be better deals available now. Starting right now, block out anything you think you know about auto insurance because you’re going to get a crash course in the best way to save money, get proper coverage and the best rates.
Finding the best rates is not rocket science. If you are paying for car insurance now, you will be able to reduce your rates substantially using this information. But car owners do need to learn how big insurance companies determine prices.
Companies don’t always list all available discounts in an easy-to-find place, so we break down some of the best known and also the lesser-known discounts you could be receiving.
A little note about advertised discounts, some credits don’t apply to the entire cost. Some only reduce individual premiums such as comprehensive or collision. Just because it seems like adding up those discounts means a free policy, it doesn’t quite work that way.
To see a list of companies with discount car insurance rates, click here.
When it comes to buying the right insurance coverage, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different.
Here are some questions about coverages that can aid in determining if your situation would benefit from an agent’s advice.
If you’re not sure about those questions but one or more may apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form.
Learning about specific coverages of your insurance policy aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as hail damage, damage from getting keyed, a broken windshield and damage from flooding. The highest amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Collision protection
This coverage covers damage to your tC from colliding with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as crashing into a ditch, backing into a parked car, sideswiping another vehicle, damaging your car on a curb and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.
Coverage for liability
This can cover damage that occurs to a person or their property that is your fault. It protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.
Liability coverage protects against things like court costs, loss of income, structural damage, repair bills for other people’s vehicles and funeral expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.
Insurance for medical payments
Med pay and PIP coverage reimburse you for short-term medical expenses for things like prosthetic devices, pain medications, chiropractic care, ambulance fees and doctor visits. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle 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 may carry a deductible
Uninsured Motorist or Underinsured Motorist insurance
This coverage provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your 2013 Scion tC.
Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.
Drivers who switch companies do it for any number of reasons including not issuing a premium refund, being labeled a high risk driver, high rates after DUI convictions or even policy non-renewal. Whatever your reason, switching insurance coverage companies is easier than you think.
You just read some good ideas how you can lower your 2013 Scion tC insurance rates. It’s most important to understand that the more rate quotes you have, the better likelihood of reducing your rate. You may even discover the lowest priced insurance coverage comes from the smaller companies.
When shopping online for insurance coverage, never buy lower coverage limits just to save a few bucks. There are many occasions where an insured cut uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. Your focus should be to buy the best coverage you can find at a price you can afford.
More tips and info about insurance coverage can be found in the articles below: