Are you a victim of an overpriced auto insurance policy? Trust us when we tell you you are not the only one feeling buyer’s remorse.
Big companies like Geico, Progressive and Allstate increase brand awareness with TV and radio ads and consumers find it hard to ignore the propoganda and find the best price available.
Smart consumers take time to do rate comparisons occasionally due to the fact that insurance rates change regularly. Just because you had the lowest rates for Caravan insurance a couple years back the chances are good that you can find a lower rate today. Starting now, forget anything you know (or think you know) about auto insurance because I’m going to teach you the easiest way to remove unneeded coverages and save money.
The best way to compare car insurance company rates is to know the trick most of the larger companies actually pay money for the chance to provide you with free rate quotes. All consumers are required to do is give them rating details such as whether your vehicle is owned or leased, what you do for a living, your credit rating estimate, and how you use your vehicles. The rating information is submitted instantly to many of the top insurers and they respond with quotes instantly to find the best rate.
To start a rate quote now, click here and complete the quick form.
An important part of buying insurance is that you know the factors that come into play when calculating the price you pay for insurance. Having a good understanding of what influences your rates enables informed choices that can help you get lower insurance prices.
The cost of insuring your cars can be expensive, but there are discounts available that can drop the cost substantially. Larger premium reductions will be automatically applied when you purchase, but lesser-known reductions have to be specifically requested prior to getting the savings.
Keep in mind that most discounts do not apply the the whole policy. Some only reduce individual premiums such as liability and collision coverage. Just because you may think it’s possible to get free car insurance, companies wouldn’t make money that way. But all discounts will reduce the amount you have to pay.
A partial list of companies that possibly offer these discounts are:
It’s a good idea to ask each insurance company how you can save money. Savings might not be offered in your area.
When it comes to buying the best insurance coverage coverage for your vehicles, there isn’t really a “best” method to buy coverage. Every situation is different and your policy should reflect that. These are some specific questions might help in determining whether or not you might need an agent’s assistance.
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you don’t have a local agent, fill out this quick form or go to this page to view a list of companies.
Learning about specific coverages of your policy helps when choosing the best coverages for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the usual coverages found on most insurance policies.
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Usually these limits are identical to your policy’s liability coverage.
Collision coverages – Collision coverage will pay to fix damage to your Caravan from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things such as sustaining damage from a pot hole, driving through your garage door, damaging your car on a curb, hitting a parking meter and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.
Liability coverage – This can cover damages or injuries you inflict on other people or property. This insurance protects YOU against claims from other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined limit which limits claims to one amount with no separate limits for injury or property damage.
Liability can pay for things such as pain and suffering, bail bonds and repair costs for stationary objects. How much coverage you buy is a personal decision, but buy as much as you can afford.
Comprehensive (Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as hail damage, falling objects, hitting a deer and damage from flooding. The highest amount a insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Medical expense insurance – Medical payments and Personal Injury Protection insurance provide coverage for bills for things like chiropractic care, X-ray expenses and prosthetic devices. They are utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover you and your occupants and will also cover any family member struck as a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
As you shop your coverage around, you should never skimp on critical coverages to save a buck or two. There are too many instances where drivers have reduced liability limits or collision coverage and found out when filing a claim that the small savings ended up costing them much more. Your aim should be to buy enough coverage at an affordable rate while still protecting your assets.
Cheap 1998 Dodge Caravan insurance is available on the web in addition to many insurance agents, and you should compare price quotes from both to have the best selection. Some insurance companies do not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.