I can’t think of anyone who cherishes buying auto insurance, in particular when their premiums are through the roof. Lots of insurance companies contend for your insurance dollar, and it can be difficult to compare rates and get the best coverage at the lowest rate
Car insurance can cost a lot, but there are discounts available that you may not know about. Certain discounts will be applied at the time of quoting, but some must be inquired about before you will receive the discount. If you aren’t receiving every discount possible, you’re just leaving money on the table.
As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Some only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like all the discounts add up to a free policy, companies don’t profit that way. But any discount will help reduce your overall premium however.
Car insurance companies who might offer these benefits include:
Double check with each company what discounts are available to you. Some discounts may not apply everywhere.
Effectively comparing auto insurance prices can take hours if you don’t utilize the most efficient way to do it. You can spend countless hours talking to insurance agencies in your area, or you can utilize the web to achieve your goal.
Most major companies participate in an industry program where prospective buyers complete one form, and every company can give them a price. This prevents consumers from doing quotation requests to every company.
To use this form to compare 2001 Ford Excursion insurance rates click here (opens in new window).
One minor caviat to comparing rates this way is that you can’t choose the insurers to get pricing from. So if you want to select specific insurance companies to compare rates, we have a page of the cheapest auto insurance companies in your area. View list of insurance companies.
It’s up to you which method you use, but ensure you’re using identical information for every company. If you use differing limits it will be very difficult to truly determine the lowest rate.
When it comes to buying adequate coverage, there isn’t really a one size fits all plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out if your insurance needs may require specific advice.
If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies. It is quick, free and can help protect your family.
Learning about specific coverages of your policy aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Shown next are the usual coverages found on the average insurance policy.
Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as theft, vandalism, rock chips in glass, damage from a tornado or hurricane and fire damage. The most a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as sideswiping another vehicle, hitting a mailbox, hitting a parking meter, crashing into a building and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.
Med pay and PIP coverage provide coverage for expenses for things like nursing services, X-ray expenses, dental work and doctor visits. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. 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 is not an option in every state and may carry a deductible
Liability coverage provides protection from damage that occurs to other’s property or people by causing an accident. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 that translate to $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability coverage protects against things like bail bonds, attorney fees and court costs. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as much as you can afford.
Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and also any damage incurred to your Ford Excursion.
Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
When trying to cut insurance costs, it’s very important that you do not reduce coverage to reduce premium. There are too many instances where consumers will sacrifice physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy a smart amount of coverage at the best price, not the least amount of coverage.
Budget-conscious 2001 Ford Excursion insurance is definitely available both online as well as from independent agents, so compare prices from both to have the best selection. Some insurance providers don’t offer online price quotes and many times these smaller companies only sell through independent insurance agents.
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