Expensive auto insurance can dwindle your bank account and make it hard to pay other bills. Shopping your coverage around is a great way to help make ends meet.
Having so many auto insurance companies to choose from, it’s nearly impossible to pick the lowest price insurer.
It’s a great practice to shop coverage around at least once a year since insurance rates are constantly changing. If you had the best price for ION coverage a year ago the chances are good that you can find a lower rate today. Block out anything you think you know about auto insurance because we’re going to demonstrate the fastest way to find great coverage at a great price.
The purpose of this post is to familiarize you with how car insurance quotes work and some money-saving tips. If you currently have car insurance, you stand a good chance to be able to cut costs considerably using these techniques. Although vehicle owners can benefit by having an understanding of the way insurance companies price insurance differently and apply this information to your search.
There are a variety of methods you can shop for 2007 Saturn ION insurance but one way is more efficient than others. You can waste a few hours (or days) talking about coverages with local insurance agents in your area, or you can utilize online quoting to get the quickest rates.
Many popular insurance companies belong to a marketplace where insurance shoppers enter their coverage request one time, and every company then gives them pricing for coverage. This system prevents you from having to do quote requests for each company.
To enter your information into the quoting system, click here to start a free quote.
The single downside to pricing coverage this way is you can’t choose the providers you will receive quotes from. So if you prefer to pick from a list of companies to compare rates, we have assembled a list of the cheapest insurance companies in your area. Click to view list.
It’s up to you how you get prices quotes, just be sure to compare apples-to-apples coverages for every quote you compare. If you use higher or lower deductibles then you won’t be able to determine which rate is truly the best. Just a small difference in coverage limits could mean much higher rates. And when comparison shopping, more quotes will increase your chances of finding a better price.
An important part of buying insurance is that you know some of the elements that go into determining your car insurance rates. When you know what positively or negatively determines base rates allows you to make educated decisions that can help you get better car insurance rates.
Listed below are a partial list of the pieces companies use to determine your rates.
Insuring your fleet can be pricey, but there could be available discounts to help offset the cost. Certain discounts will be applied at quote time, but a few need to be manually applied in order for you to get them.
It’s important to understand that most of the big mark downs will not be given to your bottom line cost. Most only reduce individual premiums such as medical payments or collision. So even though it sounds like you would end up receiving a 100% discount, you’re out of luck. But all discounts will help reduce your overall premium however.
Car insurance companies that possibly offer these benefits include:
Double check with each company which discounts they offer. Some discounts might not be offered everywhere.
When it comes to buying coverage, there really is no perfect coverage plan. Every insured’s situation is different so your insurance should reflect that Here are some questions about coverages that may help highlight if your situation might need an agent’s assistance.
If it’s difficult to answer those questions but a few of them apply, you may need to chat with an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.
Understanding the coverages of your policy can help you determine the right coverages and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average car insurance policy.
Comprehensive coverage (or Other than Collision) – This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things like a tree branch falling on your vehicle, damage from getting keyed, fire damage and damage from flooding. The most your car insurance company will pay is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Insurance for medical payments – Personal Injury Protection (PIP) and medical payments coverage pay for bills like prosthetic devices, doctor visits and pain medications. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers being hit by a car walking across the street. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea. Most of the time these limits are identical to your policy’s liability coverage.
Liability coverages – This coverage will cover damage or injury you incur to people or other property. It protects you against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for claims like attorney fees, bail bonds, repair costs for stationary objects, loss of income and repair bills for other people’s vehicles. The amount of liability coverage you purchase is up to you, but consider buying higher limits if possible.
Collision coverage – This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims like rolling your car, hitting a parking meter, damaging your car on a curb, crashing into a ditch and crashing into a building. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.
When shopping online for auto insurance, it’s not a good idea to sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced liability limits or collision coverage and discovered at claim time that they should have had better coverage. Your strategy should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.
You just learned many tips how you can compare 2007 Saturn ION insurance prices online. The most important thing to understand is the more times you quote, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from a company that doesn’t do a lot of advertising. These companies often have lower prices on specific markets than the large multi-state companies such as Progressive or Geico.
Low-cost insurance can be sourced from both online companies and with local insurance agents, so compare prices from both to get a complete price analysis. Some insurance providers do not offer online quoting and these smaller companies work with independent agents.
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