Are you overwhelmed by the number of insurance coverage choices? You’re not alone. Consumers have so many companies to choose from that it can turn into a challenge to locate the lowest price.
If you are paying for car insurance now, you should be able to lower your premiums substantially using this information. The purpose of this article is to tell you the most effective way to quote insurance and some tricks to saving. Although consumers need to have an understanding of the methods companies use to price online insurance.
The are a couple different ways of comparing rate quotes from different insurance companies. By far the easiest way to find the cheapest 1999 Ford Five Hundred insurance rates is to perform an online rate comparison. This can be accomplished in just a few minutes using one of these methods.
Whichever way you use, ensure you are comparing apples-to-apples coverages on every quote you get. If you enter different deductibles you can’t possibly truly determine the lowest rate. Just a small difference in coverages can mean a large discrepancy in price. Just remember that more quotes will improve the odds of getting the best offered rates.
Insurance can cost an arm and a leg, buy you may qualify for discounts to help bring down the price. A few discounts will automatically apply when you get a quote, but a few must be asked for prior to receiving the credit.
Drivers should understand that some credits don’t apply to all coverage premiums. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will reduce the cost of coverage.
Insurance companies that possibly offer these benefits include:
It’s a good idea to ask every prospective company how you can save money. Some discounts may not apply in your area.
When it comes to buying proper insurance coverage, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs.
For instance, these questions could help you determine if your situation might need an agent’s assistance.
If it’s difficult to answer 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, fill out this quick form.
Learning about specific coverages of insurance helps when choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.
Coverage for liability – This coverage protects you from damage that occurs to a person or their property. This coverage protects you from claims by other people, and doesn’t 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. Your policy might show values of 100/300/100 which means $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage pays for things like repair bills for other people’s vehicles, funeral expenses and pain and suffering. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.
Uninsured/Underinsured Motorist coverage – Your UM/UIM coverage protects you and your vehicle when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Ford Five Hundred.
Because many people have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Comprehensive coverage – Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as hitting a deer, falling objects, rock chips in glass and damage from flooding. The maximum payout a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical payments coverage and PIP – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as pain medications, EMT expenses, rehabilitation expenses, nursing services and surgery. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants and also covers any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible
Collision coverage – This will pay to fix damage to your Five Hundred resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against things like backing into a parked car, hitting a mailbox, sustaining damage from a pot hole, crashing into a building and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.