Having to pay for overpriced car insurance can empty your personal savings and put the squeeze on your family’s finances. Shopping your coverage around is a smart way to slash your bill and have more diposable income. Popular companies such as Progressive, Geico and Farmers Insurance all promote huge savings with ads and it is difficult to see through the cute green geckos and mayhem and find the best price available.
Consumers should take time to price shop coverage periodically since rates are usually higher with each renewal. Just because you found the lowest price for Five Hundred coverage six months ago you can probably find a lower rate today. Ignore everything you know about car insurance because you’re about to learn how to use online quotes to reduce your cost while improving coverage.
Companies offering auto insurance don’t always list all available discounts very clearly, so we took the time to find some of the more common and the harder-to-find discounts you could be receiving. If you’re not getting every credit possible, you are throwing money away.
It’s important to note that some of the credits will not apply to the overall cost of the policy. Most only reduce individual premiums such as comprehensive or collision. Just because it seems like you would end up receiving a 100% discount, you’re out of luck.
Car insurance companies that may have these discounts include:
Before buying, ask each company how you can save money. Some discounts might not apply everywhere.
Most major insurance companies like State Farm, Allstate and Geico quote insurance quotes online. This process is pretty painless as you simply type in the coverages you want as requested by the quote form. Upon sending the form, their system sends out for information on your driving record and credit history and generates pricing information. Online price quotes streamlines rate comparisons, but the process of having to visit several different sites and fill out multiple forms can get tiresome after awhile. Unfortunately, it is important to get many rate quotes in order to get the lowest car insurance rates.
There is a better way to compare rates
The smarter way to lower your car insurance bill makes use of a single form to return rates from several companies at one time. It saves time, eliminates repetitive work, and makes online price comparison a little more enjoyable. As soon as the form is sent, it gets priced and you are able to buy any or none of the resulting price quotes. If you find a better price you can simply submit the application and purchase coverage. The whole process can be completed in a matter of minutes and you will find out if you’re overpaying now.
To get comparison pricing now, click here to open in a new tab and fill out the form. If you have coverage now, it’s recommended you copy deductibles and limits as close as possible to your current policy. Doing this assures you are getting a fair comparison based on identical coverages.
When buying adequate coverage, there really is not a “perfect” insurance plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For instance, these questions may help highlight if your situation will benefit from professional help.
If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.
Having a good grasp of your policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Shown next are typical coverage types found on the average car insurance policy.
Collision coverages – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.
Collision coverage protects against things such as crashing into a ditch, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.
Medical expense coverage – Coverage for medical payments and/or PIP kick in for bills for doctor visits, EMT expenses, rehabilitation expenses, surgery and chiropractic care. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
Uninsured or underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Ford Five Hundred.
Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.
Comprehensive protection – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like fire damage, a tree branch falling on your vehicle, hail damage, hitting a bird and vandalism. The highest amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Auto liability – This coverage provides protection from injuries or damage you cause to people or other property that is your fault. This coverage protects you against other people’s claims, 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. As an example, you may have values of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.
Liability coverage protects against claims such as repair costs for stationary objects, court costs, repair bills for other people’s vehicles and pain and suffering. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.
Lower-priced 2014 Ford Five Hundred insurance can be bought on the web and also from your neighborhood agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some companies may not provide online price quotes and most of the time these small, regional companies sell through independent agents.
When shopping online for insurance coverage, don’t be tempted to skimp on coverage in order to save money. Too many times, consumers will sacrifice physical damage coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The proper strategy is to find the BEST coverage at an affordable rate.
Much more information about insurance coverage is available on the following sites: