Did you fall for a flashy sales pitch and buy an overpriced insurance coverage policy? Trust us when we tell you there are lots of people in the same boat. Companies like Geico and Progressive continually bombard you with advertising and it is challenging if not impossible to avoid their marketing magic and find the best price available.
It’s a great practice to check insurance coverage prices once or twice a year since insurance rates are rarely the same from one policy term to another. Even if you got the best rates for Prius Plug-in insurance a few years ago there is a good chance you can find better rates now. Starting now, block out anything you think you know about insurance coverage because you’re going to learn the things you must know in order to save money, get proper coverage and the best rates.
There are a variety of methods to shop for 2013 Toyota Prius Plug-in insurance coverage, but there is one way that is less labor-intensive and much quicker. You can waste a lot of time talking to insurance companies in your area, or you can utilize online quotes to get rate comparisons in just a few minutes.
Most of the best insurance companies belong to a marketplace that allows shoppers to complete one form, and each company can provide price quotes based on the submitted data. This saves time by eliminating form submissions for each company you want a rate for.
To access this free quoting program, click to open in new window.
The one disadvantage to using this type of form is buyers cannot specifically choose the companies you will receive quotes from. So if you prefer to choose individual companies to request quotes from, we put together a list of companies who write insurance coverage in your area. View list of insurance companies.
It’s up to you which method you use, but make darn sure you compare identical coverages and limits on every quote you get. If you have different deductibles it will be next to impossible to determine which rate is truly the best.
When buying the right insurance coverage, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions might point out if you could use an agent’s help.
If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an agent. To find an agent in your area, complete this form or click here for a list of insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.
Having a good grasp of a car insurance policy helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverage types available from car insurance companies.
Auto liability insurance
This coverage provides protection from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 that translate to a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers claims such as medical services, court costs, repair bills for other people’s vehicles and repair costs for stationary objects. How much coverage you buy is a personal decision, but consider buying higher limits if possible.
Uninsured or underinsured coverage
Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.
Medical expense coverage
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for things like ambulance fees, EMT expenses, funeral costs and surgery. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Comprehensive protection
Comprehensive insurance will pay to fix 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 claims such as damage from a tornado or hurricane, rock chips in glass, vandalism and hitting a bird. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Collision coverage protection
Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as rolling your car, hitting a mailbox, sideswiping another vehicle and crashing into a ditch. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to raise the deductible to get cheaper collision coverage.