Feel like you’re a prisoner to an overpriced car insurance policy? Trust us, you’re not alone.
Drivers have so many car insurance companies to insure vehicles with, and although it’s a good thing to have a selection, it makes it harder to find a good deal.
Companies don’t always advertise every discount very well, so here is a list both well-publicized as well as the least known savings tricks you should be using.
As a disclaimer on discounts, some of the credits will not apply the the whole policy. Most only cut the cost of specific coverages such as collision or personal injury protection. So when the math indicates adding up those discounts means a free policy, companies don’t profit that way.
Insurance companies who might offer these money-saving discounts include:
Check with all companies you are considering which discounts they offer. Savings may not be available everywhere.
When buying coverage, there isn’t really a single plan that fits everyone. Each situation is unique and your policy should reflect that. Here are some questions about coverages that might point out if your insurance needs might need professional guidance.
If you don’t know the answers to these questions then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.
Car insurance companies such as State Farm, Allstate and Geico constantly bombard you with ads on television and other media. They all seem to have a common claim about savings if you switch to their company. How can each company say the same thing?
Different companies have a preferred profile for the type of customer that earns them a profit. For example, a desirable insured might be between the ages of 30 and 50, has no prior claims, and has great credit. A propective insured who matches those parameters will get very good rates and as a result will probably save when they switch companies.
Potential customers who do not match this ideal profile will have to pay a higher premium which leads to business going elsewhere. Company advertisements say “customers that switch” not “everyone that quotes” save that much. This is how insurance companies can confidently state the savings. Because of the profiling, you should get as many quotes as possible. It is impossible to predict which insurance companies will give you the biggest savings on Ford E-Series Van insurance.
Knowing the specifics of your insurance policy aids in choosing the right coverages for your vehicles. Insurance terms can be confusing and reading a policy is terribly boring. Listed below are typical coverages available from insurance companies.
This pays to fix your vehicle from 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 can pay for things like damage from a tornado or hurricane, hitting a deer, damage from getting keyed, damage from flooding and vandalism. The most a insurance company will pay at claim time 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.
This coverage protects you from damage or injury you incur to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 that means you have a limit of $100,000 per injured person, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.
Liability insurance covers claims like court costs, legal defense fees, funeral expenses, loss of income and medical services. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.
Medical payments and Personal Injury Protection insurance provide coverage for bills for things like X-ray expenses, nursing services and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage
Collision coverage will pay to fix damage to your E-Series Van caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like sideswiping another vehicle, sustaining damage from a pot hole, driving through your garage door, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so consider removing coverage from lower value vehicles. You can also raise the deductible to save money on collision insurance.
Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they do not carry enough liability coverage. It can pay for injuries to you and your family as well as damage to your Ford E-Series Van.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Affordable 2010 Ford E-Series Van insurance is definitely available both online in addition to many insurance agents, so compare prices from both to have the best selection. Some insurance providers do not provide the ability to get a quote online and these small insurance companies work with independent agents.
We’ve covered quite a bit of information on how to lower your insurance rates. It’s most important to understand that the more quotes you get, the better likelihood of reducing your rate. You may even find the biggest savings come from a small mutual company. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive or Geico.
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