I can’t think of anyone who likes having to buy auto insurance, especially when their premiums are too high.
Since consumers have many insurance companies to choose from, it is hard for the average consumer to choose the most affordable provider.
Insurance can cost an arm and a leg, but you can get discounts that you may not even be aware of. A few discounts will automatically apply when you complete an application, but some must be specifically requested before you get the savings.
Drivers should understand that some credits don’t apply to the overall cost of the policy. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, you won’t be that lucky. Any qualifying discounts will help reduce your premiums.
To see a list of providers offering auto insurance discounts, click here to view.
There are several ways to compare quotes and find the best price. One of the best ways to find competitive 1998 Acura CL insurance rates is to use the internet to compare rates. This can be done in a couple of different ways.
Which method you use is up to you, but make sure you use apples-to-apples information for each comparison quote. If you enter different limits and deductibles on each one then you won’t be able to determine the lowest rate for your Acura CL. Having just a slight variation in insurance coverages can make a big difference in price. Just keep in mind that having more price comparisons helps locate the best offered rates.
It’s important that you understand some of the elements that play a part in calculating insurance rates. Having a good understanding of what determines base rates enables informed choices that will entitle you to better insurance rates.
Shown below are some of the factors insurance companies consider when setting prices.
When choosing the right insurance coverage, there isn’t really a “perfect” insurance plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that Here are some questions about coverages that can help discover if your insurance needs would benefit from an agent’s advice.
If you can’t answer these questions, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.
Insurance companies such as State Farm, Geico and Progressive regularly use ads in print and on television. They all seem to make the same claim that you can save if you move your coverage to them. How can each company make almost identical claims?
Insurance companies have a certain “appetite” for the type of driver they prefer to insure. For instance, a profitable customer might be between 30 and 50, is a homeowner, and has great credit. A driver that hits that “sweet spot” will get very good rates and most likely will pay quite a bit less when switching companies.
Potential insureds who don’t meet the requirements will be quoted a more expensive rate which usually ends up with business not being written. The ads state “customers who switch” not “people who quote” save that much. That’s why insurance companies can confidently claim big savings.
This emphasizes why you should get as many comparisons as possible. It’s impossible to know which insurance companies will have the lowest Acura CL insurance rates.
Understanding the coverages of auto insurance can be of help when determining which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages available from auto insurance companies.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. It can pay for injuries to you and your family and damage to your 1998 Acura CL.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive auto coverage
Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as theft, hitting a bird, a tree branch falling on your vehicle and hitting a deer. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Collision protection
This pays for damage to your CL resulting from a collision with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as crashing into a building, hitting a mailbox, scraping a guard rail, driving through your garage door and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to save money on collision insurance.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP pay for short-term medical expenses like hospital visits, dental work, rehabilitation expenses, funeral costs and surgery. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Liability coverages
This will cover damage or injury you incur to other’s property or people that is your fault. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability insurance covers claims like attorney fees, court costs, structural damage and legal defense fees. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.
Throughout this article, we presented many ideas to lower your 1998 Acura CL insurance rates. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. You may even find the best price on insurance is with an unexpected company. These companies may only write in your state and offer lower rates compared to the large companies like Allstate and Progressive.
As you go through the steps to switch your coverage, you should never buy lower coverage limits just to save a few bucks. Too many times, someone dropped comprehensive coverage or liability limits only to regret at claim time that it was a big error on their part. Your goal should be to buy a smart amount of coverage at the best price, not the least amount of coverage.
The cheapest insurance can be found online in addition to many insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance companies do not provide the ability to get a quote online and these small insurance companies work with independent agents.