Did a good deal turn into high-priced auto insurance? Believe me when I say there are many consumers feeling the pinch from expensive auto insurance.
You have multiple insurers to pick from, and although it’s a good thing to be able to choose, too many choices makes it more difficult to adequately compare rates.
Buying car insurance is not that difficult. If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using these tips. But car owners do need to learn the methods companies use to price insurance differently and apply this information to your search.
An important part of buying insurance is that you know the different types of things that are used to determine your auto insurance rates. If you have some idea of what determines premiums, this empowers consumers to make smart changes that may result in lower premium levels.
Insurance coverage is easily one of your largest bills, but discounts can save money and there are some available that can drop the cost substantially. Some trigger automatically at the time of quoting, but occassionally some discounts must be inquired about before you get the savings.
As a footnote on discounts, most of the big mark downs will not be given to the entire cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like having all the discounts means you get insurance for free, you aren’t that lucky. But all discounts will help lower your overall bill.
Popular insurance coverage companies and their possible discounts are included below.
When comparing rates, check with each company or agent which credits you are entitled to. All car insurance discounts may not be available in your state. If you would like to choose from a list of insurers who offer insurance coverage discounts, click this link.
Allstate, Geico and Progressive consistently run television, radio, and online ads. They all seem to say the same thing of big savings if you get a free auto insurance quote and switch your coverage to them. How can each company charge less that you’re paying now? It’s all in the wording.
Many companies have a certain “appetite” for the right customer that earns them a profit. For instance, this type of insured should be over the age of 50, has never had a claim, and chooses high deductibles. A customer who fits those characteristics will most likely get cheap premium rates and will save quite a bit of money when switching.
Consumers who don’t qualify for the “perfect” profile may receive a higher rate and this can result in the driver buying from a lower-cost company. Company advertisements say “drivers that switch” not “all people who quote” save that kind of money. That is how companies can truthfully make those claims. This really illustrates why you should compare rate quotes every year. It is impossible to guess which insurance company will have the best car insurance rates.
When choosing proper insurance coverage for your vehicles, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions can aid in determining whether your personal situation may require specific advice.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier
Learning about specific coverages of a insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and reading a policy is terribly boring. Listed below are the normal coverages found on most insurance policies.
Collision – This will pay to fix damage to your Flying Spur 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 things like scraping a guard rail, crashing into a building and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.
Liability coverage – This coverage will cover damage or injury you incur to other’s property or people. This coverage protects you from legal claims by others. It does not cover your injuries or vehicle damage.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.
Liability coverage pays for things like pain and suffering, structural damage, medical services, funeral expenses and repair costs for stationary objects. How much coverage you buy is your choice, but it’s cheap coverage so purchase as much as you can afford.
Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for bills for things like rehabilitation expenses, dental work, EMT expenses, ambulance fees and prosthetic devices. They are utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay
UM/UIM Coverage – This gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and also any damage incurred to your Bentley Flying Spur.
Because many people only purchase the least amount of liability that is required, 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.
Comprehensive or Other Than Collision – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things like damage from flooding, damage from getting keyed, fire damage, hitting a deer and hail damage. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.
As you shop your coverage around, it’s very important that you do not skimp on critical coverages to save a buck or two. Too many times, an accident victim reduced collision coverage only to find out they didn’t purchase enough coverage. Your aim should be to get the best coverage possible at a price you can afford, but do not sacrifice coverage to save money.
In this article, we presented quite a bit of information on how to compare 2016 Bentley Flying Spur insurance prices online. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. You may be surprised to find that the most savings is with a lesser-known regional company. These companies often have lower rates on specific markets as compared to the big name companies such as Allstate or State Farm.
Additional information is available on the following sites: