Are you tired of paying out the nose each month for car insurance? You’re in the same situation as the majority of other car owners.
There is such a variety of insurance companies to choose from, and although it’s nice to have multiple companies, too many choices makes it more difficult to find the lowest rates.
Finding affordable coverage is quite easy. In a nutshell, everyone who is required by state law to have car insurance will more than likely be able to find lower rates. But vehicle owners should learn how companies market on the web and take advantage of how the system works.
Most companies such as Allstate, Geico and Progressive allow you to get prices for coverage directly from their websites. Getting online rates is fairly straightforward as you just enter your coverage information into the quote form. After the form is submitted, the company’s rating system will obtain your driving and credit reports and gives you a price quote. Being able to quote online simplifies rate comparisons, but the process of having to visit many different websites and enter the same data into a form can be a bit tiresome and repetitive. But it is imperative to perform this step if you want to find a lower rate.
Quote rates the easy way
The smarter way to get multiple rate quotes uses one simple form that analyzes rates from a bunch of companies at once. This type of form saves time, helps eliminate reptitive entry, and makes online shopping a lot less work. Immediately after you send the form, it is rated with multiple companies and you can pick any one of the price quotes you receive. If one or more price quotes are lower than your current rates, you can simply submit the application and buy the policy. The whole process only takes a few minutes and can result in significant savings.
To quickly find out how much you’re overpaying now, click here and enter your vehicle and coverage information. To compare your current rates, we recommend you replicate the coverage information as shown on your current policy. This makes sure you will receive an apples-to-apples comparison for similar coverage.
Allstate, Geico and Progressive regularly use ads on television and other media. All the companies make the same claim that you can save if you move your policy. How does each company make almost identical claims?
All companies are able to cherry pick for the type of driver that earns them a profit. For example, a preferred risk could be over the age of 40, has no tickets, and has a high credit rating. A propective insured who matches those parameters will get the preferred rates and therefore will save quite a bit of money when switching.
Consumers who don’t measure up to the requirements will be quoted a higher premium and this can result in business not being written. The ad wording is “customers who switch” but not “drivers who get quotes” save that much. That is how companies can truthfully advertise the way they do. This emphasizes why you should get as many quotes as possible. You cannot predict which insurance companies will have the lowest Ford Escort insurance rates.
It’s important that you understand the factors that come into play when calculating auto insurance rates. Having a good understanding of what impacts premium levels enables informed choices that will entitle you to lower auto insurance prices.
Companies don’t list every discount in an easy-to-find place, so the following is a list of some of the more common and also the lesser-known ways to save on auto insurance.
As a disclaimer on discounts, most discount credits are not given the the whole policy. Most only reduce the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like you can get free auto insurance, auto insurance companies aren’t that generous.
For a list of insurers with the best auto insurance discounts, follow this link.
When choosing proper insurance coverage for your vehicles, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s so this has to be addressed. These are some specific questions may help highlight whether you would benefit from professional advice.
If you don’t know the answers to these questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area.
Learning about specific coverages of a car insurance policy can be of help when determining the best coverages and proper limits and deductibles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the usual coverages found on the average car insurance policy.
Liability car insurance – Liability insurance can cover damage that occurs to other’s property or people. It protects you from legal claims by others. Liability doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 100/300/100 that means you have a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.
Liability can pay for things like medical services, court costs, repair costs for stationary objects, pain and suffering and medical expenses. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive coverage – This pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like hitting a bird, fire damage and hail damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Medical payments coverage and PIP – Med pay and PIP coverage kick in for bills for things like pain medications, hospital visits and prosthetic devices. They are 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 also covers if you are hit as a while walking down the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured/Underinsured Motorist coverage – This coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
Collision – Collision insurance will pay to fix damage to your Escort resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for claims such as colliding with a tree, hitting a parking meter, crashing into a ditch and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. It’s also possible to choose a higher deductible to bring the cost down.
You just read a lot of information how to shop for 1990 Ford Escort insurance online. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even find the best prices are with the least-expected company. Some small companies can often provide lower rates in certain areas as compared to the big name companies such as Progressive or Geico.
Discount insurance can be found both online and with local insurance agents, and you should compare price quotes from both to get a complete price analysis. Some insurance companies do not offer online price quotes and these small insurance companies work with independent agents.
Additional information can be read at the links below