Having to pay for overpriced Kia Sorento insurance can take a big chunk out of your checking account, especially in this economy. Comparing price quotes is a smart way to reduce premiums and put more money in your pocket. Numerous insurers battle to insure your vehicles, and because of this it can be hard to compare insurance companies to find the lowest price
Insurance can cost an arm and a leg, but there could be available discounts to help bring down the price. Certain discounts will be applied when you get a quote, but a few need to be asked about before being credited. If you aren’t receiving every discount available, you’re just leaving money on the table.
Consumers should know that many deductions do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as liability, collision or medical payments. Just because you may think all the discounts add up to a free policy, it just doesn’t work that way. Any qualifying discounts will bring down the amount you have to pay.
Car insurance companies that may offer some of the above discounts are:
Before buying, ask every prospective company how you can save money. Discounts may not be available in your state.
It’s important that you understand the rating factors that come into play when calculating insurance coverage rates. Understanding what impacts premium levels empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.
The list below includes some of the items used by your company to calculate prices.
When it comes to buying adequate coverage, there is no perfect coverage plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether your personal situation might need an agent’s assistance.
If you’re not sure about those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.
Understanding the coverages of your auto insurance policy can be of help when determining the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages offered by auto insurance companies.
Collision – Collision coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers claims such as hitting a mailbox, damaging your car on a curb, rolling your car and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.
Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Kia Sorento.
Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea. Usually these coverages are set the same as your liablity limits.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage provide coverage for bills like ambulance fees, doctor visits and dental work. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive insurance – This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as falling objects, rock chips in glass, vandalism, hitting a deer and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Liability insurance – This coverage protects you from damage that occurs to other people or property by causing an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see values of 50/100/50 which means a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.
Liability coverage protects against things like loss of income, repair bills for other people’s vehicles, emergency aid, legal defense fees and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but buy as large an amount as possible.
Cost effective 2005 Kia Sorento insurance is attainable online and with local insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. A few companies do not offer online quoting and these small insurance companies work with independent agents.
While you’re price shopping online, never buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice uninsured motorist or liability limits to discover at claim time that it was a big error on their part. The proper strategy is to buy a smart amount of coverage at the best price, not the least amount of coverage.
Throughout this article, we presented quite a bit of information on how to lower your insurance rates. The most important thing to understand is the more times you quote, the higher the chance of saving money. You may even discover the lowest rates come from a small local company. These companies may cover specific market segments cheaper than their larger competitors like Progressive or Geico.
Additional detailed information can be found at these sites: