Feel like you’re a prisoner to an overpriced insurance policy? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out.
Numerous insurance companies battle for your business, and because of this it can be hard to compare auto insurance companies to discover the definitive lowest cost out there.
You should take the time to compare rates on a regular basis due to the fact that insurance rates are variable and change quite frequently. Despite the fact that you may have had the lowest rates on Sunfire insurance two years ago there is a good chance you can find better rates now. Starting now, block out anything you think you know about insurance because you’re going to get a crash course in the things you must know in order to find lower rates on insurance.
If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using this strategy. Buying car insurance is not rocket science. But consumers can benefit by having an understanding of the way insurance companies sell insurance online and use this information to your advantage.
Companies offering auto insurance don’t necessarily list every available discount in a way that’s easy to find, so here is a list both well-publicized as well as the least known savings tricks you should be using.
Keep in mind that some of the credits will not apply the the whole policy. Some only apply to specific coverage prices like comp or med pay. Just because you may think all those discounts means the company will pay you, it doesn’t quite work that way.
Car insurance companies that may have these money-saving discounts may include but are not limited to:
It’s a good idea to ask all companies you are considering what discounts are available to you. Discounts might not apply in your state.
The fastest way that we advise to compare policy rates is to take advantage of the fact car insurance companies participate in a system to give free rates quotes. The only thing you need to do is spend a couple of minutes providing details including your credit rating estimate, how much you drive, if you lease or own, and if it has an alarm system. Those rating factors is instantly submitted to multiple different insurance companies and they return cost estimate instantly.
To start a rate quote now, click here and enter your coverage details.
Smart consumers have a good feel for the factors that go into determining your insurance rates. Knowing what determines base rates allows you to make educated decisions that may reward you with better insurance rates.
When it comes to choosing the right insurance coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that might help in determining if your situation may require specific advice.
If you don’t know the answers to these questions then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier
Allstate and Progressive constantly bombard you with ads on television and other media. All the companies make the same claim about savings if you switch your coverage to them. How do they all claim to save you money? This is how they do it.
All the different companies have a certain “appetite” for the right customer they prefer to insure. For instance, a profitable customer might be between 30 and 50, is a homeowner, and has a short commute. A propective insured who fits that profile is entitled to the best price and therefore will save a lot of money.
Potential customers who don’t measure up to these standards will have to pay higher prices and this can result in business going elsewhere. The ads say “customers that switch” not “people who quote” save money. This is how insurance companies can confidently advertise the savings. Because of the profiling, drivers should compare many company’s rates. It’s impossible to know which company will give you the biggest savings on Pontiac Sunfire insurance.
Knowing the specifics of your policy can help you determine appropriate coverage and proper limits and deductibles. The terms used in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages found on the average insurance policy.
Collision coverage protection
This coverage pays for damage to your Sunfire from colliding with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things like colliding with another moving vehicle, driving through your garage door, damaging your car on a curb, scraping a guard rail and crashing into a building. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.
Liability coverages
Liability coverage can cover injuries or damage you cause to other’s property or people that is your fault. This coverage protects you against claims from other people. It does not cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability can pay for claims such as emergency aid, court costs and legal defense fees. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.
Insurance for medical payments
Coverage for medical payments and/or PIP reimburse you for immediate expenses for prosthetic devices, nursing services, dental work and surgery. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible
Uninsured Motorist or Underinsured Motorist insurance
This coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Pontiac Sunfire.
Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.
Comprehensive coverage (or Other than Collision)
This coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like a broken windshield, hitting a deer and damage from getting keyed. The most your insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
In this article, we presented quite a bit of information on how to lower your 2002 Pontiac Sunfire insurance rates. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest premiums are with the smaller companies. Smaller companies may often insure only within specific states and give getter rates than their larger competitors like State Farm and Allstate.
As you prepare to switch companies, you should never buy lower coverage limits just to save a few bucks. There have been many cases where an insured dropped liability coverage limits and discovered at claim time that they should have had better coverage. Your goal should be to get the best coverage possible at the best price while not skimping on critical coverages.
Much more information about insurance coverage can be read below: