Did you fall for a flashy sales pitch and buy an underperforming, overpriced insurance policy? Believe me when I say you are not the only one feeling buyer’s remorse.
Many insurance companies compete to insure your vehicles, and because of this it can be hard to compare car insurance companies to find the absolute best price available.
If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these tips. Buying car insurance is not rocket science. But car owners benefit from understanding how insurance companies market insurance on the web and use this information to your advantage.
The cost of insuring your cars can be expensive, but you can get discounts to help offset the cost. A few discounts will automatically apply when you purchase, but a few need to be requested specifically in order for you to get them.
Consumers should know that most credits do not apply to all coverage premiums. Some only reduce specific coverage prices like comp or med pay. So when it seems like you can get free auto insurance, it doesn’t quite work that way. Any amount of discount will help reduce the amount you have to pay.
Car insurance companies that possibly offer these money-saving discounts may include but are not limited to:
Check with all companies you are considering what discounts are available to you. Discounts might not be offered in every state.
The method we recommend to compare rate quotes is to know the fact auto insurance companies allow for online access to provide you with a free rate quote. To begin a comparison, all you need to do is spend a couple of minutes providing details including the ages of drivers, daily mileage, what you do for a living, and your general credit rating. Your details is then submitted to many different companies and they respond with quotes instantly to find the best rate.
To compare rates for a 2015 Honda Pilot now, click here and see if a lower rate is available.
It’s important that you understand the factors that come into play when calculating insurance rates. When you know what positively or negatively influences your rates enables informed choices that may reward you with better insurance rates.
The list below includes a few of the “ingredients” insurance companies consider when setting rates.
When it comes to buying the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether you could use an agent’s help.
If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, complete this form or click here for a list of insurance coverage companies in your area.
Companies like Geico, State Farm and Progressive regularly use ads on television and other media. All the ads make the same claim that you can save if you move your coverage to them. But how can every company say the same thing?
All companies can use profiling for the right customer that makes them money. For example, a driver they prefer could be a mature driver, owns a home, and drives less than 10,000 miles a year. A driver who matches those parameters is entitled to the best price and as a result will probably pay quite a bit less when switching companies.
Potential insureds who do not match this ideal profile will have to pay a more expensive rate and this can result in business not being written. The ad wording is “customers that switch” not “everybody who quotes” save that much. That’s why insurance companies can claim big savings.
Because of the profiling, you need to compare as many rates as you can. You cannot predict which insurance companies will give you the biggest savings on Honda Pilot insurance.
Learning about specific coverages of a car insurance policy aids in choosing appropriate coverage at the best deductibles and correct limits. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages found on the average car insurance policy.
This protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for hospital bills for your injuries as well as damage to your Honda Pilot.
Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.
This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims such as hitting a parking meter, colliding with another moving vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.
Med pay and PIP coverage provide coverage for bills for surgery, rehabilitation expenses and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants in addition to if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay
This can cover damage or injury you incur to other’s property or people in an accident. This coverage protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims like funeral expenses, medical expenses and emergency aid. How much liability should you purchase? That is your choice, but buy higher limits if possible.
This pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like hail damage, vandalism, damage from a tornado or hurricane and hitting a bird. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
The cheapest 2015 Honda Pilot insurance is possible online in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture. A few companies do not provide online price quotes and usually these small, regional companies provide coverage only through local independent agents.
As you shop your coverage around, it’s not a good idea to buy lower coverage limits just to save a few bucks. There have been many cases where someone dropped uninsured motorist or liability limits only to discover later that it was a big mistake. Your goal should be to find the BEST coverage for the lowest price while not skimping on critical coverages.
Additional insurance information is available below: