Have you fallen victim to an underperforming, overpriced insurance coverage policy? Trust us, many consumers feel financially strained by their insurance coverage policy.
Drivers have multiple insurance companies to buy insurance from, and although it’s a good thing to be able to choose, lots of choices makes it harder to find the best rates for your vehicles.
An important part of buying insurance is that you know the different types of things that come into play when calculating the rates you pay for auto insurance. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that will entitle you to better auto insurance rates.
The list below includes a few of the “ingredients” companies use to determine prices.
Properly insuring your vehicles can get expensive, buy you may qualify for discounts to help bring down the price. Some trigger automatically at the time you complete a quote, but a few need to be requested specifically before you get the savings.
As a disclaimer on discounts, some of the credits will not apply to your bottom line cost. Most only reduce specific coverage prices like collision or personal injury protection. Just because it seems like you could get a free auto insurance policy, companies wouldn’t make money that way. But all discounts will reduce your overall premium however.
A partial list of companies who might offer these money-saving discounts include:
Check with all companies you are considering which discounts you may be entitled to. All car insurance discounts may not apply everywhere.
When it comes to buying the best auto insurance coverage, there really is not a perfect coverage plan. Each situation is unique so your insurance needs to address that. For instance, these questions could help you determine if your insurance needs might need an agent’s assistance.
If you can’t answer these questions but one or more may apply to you then you might want to talk 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.
Understanding the coverages of a insurance policy can help you determine appropriate coverage for your vehicles. Insurance terms can be impossible to understand and reading a policy is terribly boring. These are the normal coverages found on most insurance policies.
Collision – Collision insurance will pay to fix damage to your Sephia resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things such as damaging your car on a curb, scraping a guard rail, sideswiping another vehicle, colliding with a tree and crashing into a building. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.
Comprehensive insurance – This coverage will pay to fix damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as hitting a bird, hail damage and hitting a deer. The highest amount your insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Coverage for uninsured or underinsured drivers – This protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries 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. This is the reason having UM/UIM coverage is very important. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Coverage for medical expenses – Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like pain medications, funeral costs and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Auto liability – Liability insurance protects you from damages or injuries you inflict on a person or their property by causing an accident. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and property damage coverage for $50,000. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount rather than limiting it on a per person basis.
Liability insurance covers things such as funeral expenses, legal defense fees, repair costs for stationary objects, loss of income and repair bills for other people’s vehicles. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.
Cheap 1994 Kia Sephia insurance is definitely available online as well as from independent agents, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who don’t offer online quoting and most of the time these small, regional companies sell through independent agents.
We’ve covered a lot of tips how to reduce insurance prices online. The key thing to remember is the more times you quote, the better your chances of lowering your rates. You may be surprised to find that the biggest savings come from a small mutual company. These companies can often provide lower rates in certain areas compared to the large companies like Progressive or Geico.