No one in their right mind enjoys paying for auto insurance, especially when the cost is way too high.
Online insurance companies like Geico and Progressive constantly bombard you with advertising and it is difficult to ignore the promise of big savings and find the best price available.
Consumers need to get comparison quotes periodically because rates change regularly. Despite the fact that you may have had the best price on Corsica coverage a year ago other companies may now be cheaper. So just ignore everything you know about auto insurance because it’s time to teach you one of the best ways to save money, get proper coverage and the best rates.
If you are paying for car insurance now, you will be able to reduce your rates substantially using these methods. Buying car insurance is not rocket science. But car owners do need to learn the way insurance companies sell insurance online because it can help you find the best coverage.
Effectively comparing auto insurance prices is a ton of work if you don’t utilize the most efficient way to do it. You could spend the better part of a day driving to insurance agencies in your area, or you could use the internet to get the quickest rates.
Most major companies are enrolled in a marketplace where prospective buyers enter their coverage request one time, and each company can provide price quotes based on that information. This saves time by eliminating quote forms to each individual auto insurance company.
To submit your quote information now, click here (opens in new window).
The only drawback to using this type of form is that you can’t choose which providers to get quotes from. So if you want to select individual companies for rate comparison, we put together a list of the cheapest auto insurance companies in your area. View list of insurance companies.
It’s up to you which method you use, but double check that you are using exactly the same coverages for every company. If you have different deductibles it will be impossible to determine which rate is truly the best. Quoting even small variations in insurance coverages can mean a large discrepancy in price. And when comparing auto insurance rates, know that more quotes will enable you to find the best offered rates.
Companies don’t always advertise every available discount in an easy-to-find place, so we break down both well-publicized and also the lesser-known discounts you could be receiving.
Consumers should know that most credits do not apply to the overall cost of the policy. The majority will only reduce individual premiums such as medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, you’re out of luck.
Companies that may offer these discounts include:
It’s a good idea to ask each insurance company which discounts they offer. Discounts might not be offered everywhere.
Consumers need to have an understanding of the different types of things that come into play when calculating insurance rates. Having a good understanding of what controls the rates you pay helps enable you to make changes that can help you get better insurance rates.
When buying coverage, there really is not a cookie cutter policy. Everyone’s situation is unique so this has to be addressed. Here are some questions about coverages that might point out if you might need professional guidance.
If you’re not sure about those questions, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies.
Understanding the coverages of auto insurance aids in choosing which coverages you need at the best deductibles and correct limits. Auto insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages found on most auto insurance policies.
Comprehensive auto coverage
This coverage covers damage that is not covered by collision coverage. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims such as hitting a deer, a broken windshield and damage from getting keyed. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Medical payments and PIP coverage
Med pay and PIP coverage pay for bills for nursing services, X-ray expenses, hospital visits, ambulance fees and chiropractic care. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Liability coverages
Liability insurance protects you from injuries or damage you cause to other’s property or people. This coverage protects you from legal claims by others, and 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. You might see limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and property damage coverage for $100,000.
Liability coverage pays for claims such as emergency aid, pain and suffering, structural damage, attorney fees and medical expenses. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.
Collision insurance
This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for claims such as colliding with a tree, scraping a guard rail, sideswiping another vehicle and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to bump up the deductible in order to get cheaper collision rates.
The cheapest 1995 Chevy Corsica insurance can be purchased online in addition to many insurance agents, and you need to comparison shop both to have the best rate selection. A few companies do not provide online quoting and usually these regional insurance providers provide coverage only through local independent agents.
We’ve covered quite a bit of information on how to lower your insurance rates. The key concept to understand is the more you quote, the better your chances of lowering your rates. You may be surprised to find that the biggest savings come from the least-expected company. These companies may only write in your state and offer lower rates than the large multi-state companies such as State Farm, Geico and Nationwide.
More information can be found below: