Are you a victim of an underperforming, overpriced car insurance policy? Believe me, you’re not the only one. With so many companies to choose from, it is very difficult to locate the most affordable insurance company.
It’s a good habit to take a look at other company’s rates yearly because insurance rates are variable and change quite frequently. Even if you got the best deal for Econoline Wagon insurance a few years ago you can probably find a better price now. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to the things you must know in order to find the best coverage while lowering your premiums.
The quickest way to compare rates takes advantage of the fact most of the bigger providers pay for the opportunity to provide you with a free rate quote. To start a quote, the only thing you need to do is provide a small amount of information such as whether you are married, the ages of drivers, whether you have decent credit, and how much school you completed. Those rating factors is then sent to multiple car insurance providers and they return quotes with very little delay.
Insuring your fleet can be pricey, buy you may qualify for discounts to help offset the cost. A few discounts will automatically apply when you purchase, but lesser-known reductions have to be asked for before they will apply. If they aren’t giving you every credit you deserve, you’re paying more than you need to.
Consumers should know that many deductions do not apply to all coverage premiums. Some only reduce individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears you can get free auto insurance, you won’t be that lucky. Any amount of discount will cut the cost of coverage.
A partial list of companies that may offer these money-saving discounts may include but are not limited to:
Check with all companies you are considering what discounts are available to you. All car insurance discounts might not be offered in your state.
When it comes to buying proper insurance coverage for your personal vehicles, there really is not a single plan that fits everyone. Each situation is unique and your policy should reflect that. For example, these questions might point out whether your personal situation might need an agent’s assistance.
If you don’t know the answers to these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
Having a good grasp of a insurance policy can be of help when determining the right coverages for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. These are typical coverage types available from insurance companies.
Auto liability insurance
Liability insurance provides protection from damage that occurs to people or other property by causing an accident. It protects YOU from claims by other people, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Some companies may use a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.
Liability insurance covers things like pain and suffering, funeral expenses, structural damage and emergency aid. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.
Collision protection
This pays for damage to your Econoline Wagon resulting from colliding with another car or object. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things such as hitting a mailbox, driving through your garage door, sideswiping another vehicle, hitting a parking meter and colliding with a tree. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.
Protection from uninsured/underinsured drivers
This coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea. Normally the UM/UIM limits are identical to your policy’s liability coverage.
Comprehensive (Other than Collision)
This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things like hitting a deer, damage from a tornado or hurricane, vandalism, rock chips in glass and falling objects. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Medical expense insurance
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses like X-ray expenses, nursing services, pain medications and surgery. They are utilized in addition to your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage