Tired of scraping the payment together to buy car insurance? You are in the same boat as most other car owners. Having so many companies to choose from, it can be diffult for consumers to locate the best car insurance company.
This article will introduce you to how to get online quotes and some tricks to saving. If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using this strategy. Vehicle owners just need to understand the tricks to compare price quotes online.
An important part of buying insurance is that you know the rating factors that come into play when calculating the price you pay for insurance. Knowing what controls the rates you pay helps enable you to make changes that will entitle you to much lower annual insurance costs.
The list below includes some of the items that factor into prices.
Insuring your vehicles can cost a lot, but you may find discounts that you may not even be aware of. Most are applied at the time of purchase, but some may not be applied and must be asked for before you will receive the discount. If you aren’t receiving every discount you qualify for, you are paying more than you should be.
A little note about advertised discounts, some credits don’t apply to all coverage premiums. Some only reduce individual premiums such as collision or personal injury protection. Just because you may think you can get free auto insurance, it doesn’t quite work that way. Any qualifying discounts will help reduce the cost of coverage.
For a list of insurers who offer auto insurance discounts, click here.
Consumers can’t get away from ads for the lowest price auto insurance by companies like State Farm, Geico and Progressive. All the companies make an identical promise that you can save if you change to them.
How can each company make almost identical claims? This is how they do it.
Different companies have a certain “appetite” for the type of driver that makes them money. For example, a desirable insured might be between the ages of 30 and 50, is a homeowner, and drives less than 10,000 miles a year. A propective insured that hits that “sweet spot” receives the best rates and as a result will probably save a lot of money.
Potential customers who do not match these standards will be quoted a higher premium which leads to the driver buying from a lower-cost company. The ad wording is “customers who switch” not “everybody who quotes” save that kind of money. This is how companies can claim big savings.
This emphasizes why you need to get as many quotes as possible. It is impossible to predict the company that will have the lowest Kia Sephia insurance rates.
When it comes to choosing adequate coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that might help in determining whether you would benefit from an agent’s advice.
If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Knowing the specifics of a insurance policy helps when choosing which coverages you need and the correct deductibles and limits. Policy terminology can be confusing and coverage can change by endorsement. Below you’ll find typical coverages found on most insurance policies.
Comprehensive (Other than Collision)
Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as a tree branch falling on your vehicle, hail damage, rock chips in glass, theft and damage from getting keyed. The highest amount 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.
Protection from uninsured/underinsured drivers
This protects you and your vehicle when the “other guys” do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Kia Sephia.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Collision coverage protection
This coverage pays for damage to your Sephia caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for claims like driving through your garage door, backing into a parked car, damaging your car on a curb and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.
Liability insurance
Liability insurance can cover injuries or damage you cause to other people or property that is your fault. This coverage protects you against claims from other people. 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. You commonly see limits of 50/100/50 that translate to $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000. Occasionally you may see a combined limit which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers claims such as loss of income, medical services, structural damage, bail bonds and funeral expenses. How much liability should you purchase? That is a personal decision, but consider buying as much as you can afford.
Medical expense insurance
Med pay and PIP coverage kick in for short-term medical expenses for things like surgery, funeral costs and chiropractic care. They are used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
As you shop your coverage around, it’s a bad idea to buy lower coverage limits just to save a few bucks. In many instances, an insured dropped comprehensive coverage or liability limits only to regret that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy a smart amount of coverage at an affordable rate.
We just showed you many ideas to get a better price on 1998 Kia Sephia insurance. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding lower rates. Consumers could even find that the lowest rates come from some of the lesser-known companies. These smaller insurers may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.
Low-cost insurance is definitely available online as well as from independent agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance providers don’t offer online quoting and usually these small insurance companies provide coverage only through local independent agents.
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