Shopping for low-cost car insurance can be intimidating for drivers that are not comfortable with quoting and buying insurance on the internet. When there are so many companies, how are drivers expected to be able to compare the different rates to find better car insurance prices?
Some insurers don’t list the entire discount list very clearly, so the below list has both well-publicized in addition to some of the lesser obvious credits that you can use to lower your rates. If you are not receiving all the discounts you deserve, you are not getting the best rate possible.
Keep in mind that most discounts do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like comp or med pay. If you do the math and it seems like it’s possible to get free car insurance, that’s just not realistic.
Some of the larger companies that may include these benefits possibly include:
When quoting, ask each insurance company the best way to save money. Some of the earlier mentioned discounts may not apply to policyholders in your state.
Many different elements are considered when premium rates are determined. Some are obvious like an MVR report, but others are less apparent like where you live and annual miles driven.
The list below includes a few of the “ingredients” used by companies to determine your premiums.
When it comes to choosing the best insurance coverage coverage, there is no single plan that fits everyone. Your needs are not the same as everyone else’s.
Here are some questions about coverages that can aid in determining whether your personal situation might need professional guidance.
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, simply complete this short form.
Learning about specific coverages of insurance can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for short-term medical expenses like rehabilitation expenses, pain medications, funeral costs, doctor visits and ambulance fees. The coverages can be used in conjunction with a health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible
Comprehensive coverage – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as hail damage, damage from flooding, vandalism, a tree branch falling on your vehicle and theft. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Coverage for liability – This provides protection from damage that occurs to people or other property that is your fault. This insurance protects YOU against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three 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 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount without having the split limit caps.
Liability coverage protects against things like pain and suffering, repair bills for other people’s vehicles, loss of income and repair costs for stationary objects. How much coverage you buy is up to you, but buy as high a limit as you can afford.
Uninsured/Underinsured Motorist coverage – This protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.
Collision coverage – This coverage pays to fix your vehicle from damage from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage pays for claims like sustaining damage from a pot hole, colliding with another moving vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.
In this article, we presented quite a bit of information on how to save on 2016 Toyota Prius c insurance. The key concept to understand is the more you quote insurance coverage, the higher the chance of saving money. You may even find the lowest priced insurance coverage comes from the least-expected company.
People who switch companies do it for a number of reasons such as being labeled a high risk driver, unfair underwriting practices, delays in responding to claim requests or even extreme rates for teen drivers. Whatever your reason, finding a new insurance coverage company can be easy and end up saving you some money.
Low-cost 2016 Toyota Prius c insurance is possible online in addition to local insurance agencies, and you should compare price quotes from both so you have a total pricing picture. Some companies may not have the ability to get quotes online and many times these small, regional companies only sell through independent agencies.