Feel like you’re a prisoner to an underperforming, overpriced insurance coverage policy? Believe me, you’re not the only one.
Because you have many insurance companies to choose from, it’s nearly impossible to locate the most affordable car insurance company.
Companies offering auto insurance don’t list all their discounts in a way that’s easy to find, so we break down some of the best known as well as the least known savings tricks you should be using.
It’s important to note that most discount credits are not given to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. Just because you may think you can get free auto insurance, car insurance companies aren’t that generous.
To see a list of insurance companies with the best car insurance discounts, click here to view.
The quickest way to compare rate quotes is to take advantage of the fact most insurance companies have advanced systems to give free rates quotes. The one thing you need to do is provide details such as if you are currently licensed, what your job is, which vehicles you own, and driver details. The data is instantly provided to multiple top-rated companies and they return rate quotes with very little delay.
When it comes to buying the right insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. For example, these questions might point out whether you might need professional guidance.
If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.
Understanding the coverages of your insurance policy can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be impossible to understand and coverage can change by endorsement. Below you’ll find the normal coverages available from insurance companies.
Coverage for uninsured or underinsured drivers – Your UM/UIM coverage provides protection from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your 1994 Saturn S-Series.
Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.
Coverage for liability – This coverage will cover damage or injury you incur to other’s property or people by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 which stand for a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability coverage pays for claims like medical expenses, repair costs for stationary objects, court costs and loss of income. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.
Collision coverages – This covers damage to your S-Series resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims like scraping a guard rail, hitting a parking meter and crashing into a building. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.
Comprehensive insurance – This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like hitting a deer, vandalism and falling objects. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Coverage for medical expenses – Medical payments and Personal Injury Protection insurance pay for immediate expenses for things like ambulance fees, funeral costs, surgery and hospital visits. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible
The cheapest 1994 Saturn S-Series insurance is available on the web and also from your neighborhood agents, so compare prices from both to have the best selection. Some insurance providers may not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.
When shopping online for car insurance, never reduce needed coverages to save money. There are a lot of situations where an accident victim reduced uninsured motorist or liability limits only to regret they didn’t purchase enough coverage. The proper strategy is to get the best coverage possible at an affordable rate, not the least amount of coverage.
More tips and info about car insurance can be found by following these links: