Price shopping your auto insurance is always a challenge for consumers new to comparison shopping online. People have so many options available that it can quickly become a real challenge to locate the lowest price.
Finding the best rates is not that difficult. If you currently have car insurance, you should be able to cut costs considerably using these techniques. Nevertheless, car owners can benefit by having an understanding of how the larger insurance companies compete online.
An important part of buying insurance is that you know the factors that play a part in calculating your car insurance rates. Having a good understanding of what impacts premium levels helps enable you to make changes that may reward you with big savings.
Shown below are a partial list of the pieces that factor into rates.
Car insurance companies do not advertise every discount very well, so the following is a list of both well-publicized as well as the least known ways to save on insurance.
Consumers should know that most discounts do not apply to the entire cost. A few only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think it’s possible to get free car insurance, it doesn’t quite work that way.
For a list of insurance companies with discount insurance rates, click here to view.
Auto insurance companies such as Progressive, Geico, Allstate and State Farm consistently run ads in print and on television. They all seem to make the same claim of big savings if you change your coverage to them. How can each company claim to save you money?
All companies have a certain “appetite” for the driver they prefer to insure. For example, a driver they prefer might be profiled as over the age of 50, a clean driving record, and drives less than 7,500 miles a year. A driver that hits that “sweet spot” will get the preferred rates and most likely will pay quite a bit less when switching companies.
Potential customers who don’t measure up to the requirements will have to pay more money and this can result in business going elsewhere. The ads state “customers who switch” not “people who quote” save that kind of money. This is how companies can truthfully make those claims. Because of the profiling, drivers should get a wide range of price quotes. It is impossible to predict the company that will have the lowest Dodge Viper insurance rates.
When it comes to buying the best car insurance coverage for your personal vehicles, there is no single plan that fits everyone. Every situation is different.
For example, these questions may help you determine if you could use an agent’s help.
If you’re not sure about those questions, then you may want to think about talking to an agent. If you want to speak to an agent in your area, simply complete this short form.
Learning about specific coverages of auto insurance can help you determine appropriate coverage and proper limits and deductibles. Auto insurance terms can be impossible to understand and reading a policy is terribly boring.
Collision coverages – This coverage pays for damage to your Viper from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things like colliding with another moving vehicle, backing into a parked car, scraping a guard rail, driving through your garage door and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses such as surgery, ambulance fees, X-ray expenses and rehabilitation expenses. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
Liability auto insurance – This can cover damage or injury you incur to other people or property in an accident. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 100/300/100 that translate to a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.
Liability coverage pays for claims like emergency aid, funeral expenses and bail bonds. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.
Comprehensive auto coverage – This covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims like fire damage, damage from a tornado or hurricane, a broken windshield and hitting a bird. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and also any damage incurred to your 1995 Dodge Viper.
Since a lot of 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 important protection for you and your family.
Discount 1995 Dodge Viper insurance is definitely available on the web and with local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some companies do not offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.
As you go through the steps to switch your coverage, you should never reduce needed coverages to save money. There have been many situations where someone dropped full coverage and discovered at claim time that it was a big error on their part. Your aim should be to buy enough coverage for the lowest price while still protecting your assets.
People change insurance companies for any number of reasons including poor customer service, delays in paying claims, being labeled a high risk driver and unfair underwriting practices. It doesn’t matter what your reason, switching companies is pretty easy and you might even save some money in the process.
More tips and info about insurance coverage can be found at these sites: