2011 Hyundai Equus Insurance Rates – 6 Policy Discounts

If you’re new to shopping for insurance online, you may be overwhelmed by the sheer number of online companies selling insurance.

It’s a great practice to compare prices once or twice a year because rates are rarely the same from one policy term to another. Just because you found the lowest rates on Equus coverage on your last policy you will most likely find a better rate today. Forget all the misinformation about insurance because we’re going to demonstrate the tricks you need to know to properly buy coverages while reducing your premium.

Finding Car Insurance

Comparing car insurance rates can take hours if you don’t know the most efficient way. You can waste hours talking to local insurance agents in your area, or you could use online quoting to maximize your effort.

Many popular insurance companies participate in an industry program that enables customers to only type in their quote data once, and at least one company can provide price quotes based on the submitted data. This eliminates the need for quote forms for every car insurance company.

To access this free quoting program, click here to open in new window.

The one disadvantage to pricing coverage this way is buyers cannot specifically choose the companies to get quotes from. So if you prefer to choose specific providers to request quotes from, we have a page of low cost car insurance companies in your area. Click to view list.

It’s up to you how you get prices quotes, just compare apples-to-apples quote information for each comparison quote. If you use different liability limits you will not be able to make an equal comparison. Slightly different insurance coverages may cause a big price difference. And when quoting car insurance, remember that more quotes will improve the odds of getting the best rates.

Don’t pay full price with these six discounts

Companies that sell car insurance don’t always list every available discount in an easy-to-find place, so the following is a list of both well-publicized as well as the least known insurance savings.

  • Discount for New Cars – Insuring a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to wear their seat belts could save 15% off the personal injury premium cost.
  • Early Switch Discount – Some companies give discounts for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
  • Senior Citizens – If you’re over the age of 55, you may receive a small decrease in premiums on Equus coverage.
  • Good Student Discount – This discount can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.
  • Paperless Signup – A handful of insurance companies will discount your bill up to fifty bucks for buying your policy online.

A little note about advertised discounts, most credits do not apply to your bottom line cost. Some only apply to specific coverage prices like liability and collision coverage. So despite the fact that it appears having all the discounts means you get insurance for free, it just doesn’t work that way.

For a list of insurance companies offering insurance discounts, follow this link.

Your personal situation dictates your coverage

When it comes to buying coverage, there really is no cookie cutter policy. Each situation is unique.

Here are some questions about coverages that can help discover whether or not you would benefit from an agent’s advice.

  • Am I covered when using my vehicle for business?
  • How can I get my company to pay me more for my totalled car?
  • How high should my uninsured/underinsured coverage be in my state?
  • What is no-fault insurance?
  • Can I drive in Mexico and have coverage?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If you can’t answer these questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, fill out this quick form.

Coverages available on your policy

Knowing the specifics of a auto insurance policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be confusing and coverage can change by endorsement.

Collision – This coverage will pay to fix damage to your Equus from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.

Collision can pay for claims such as crashing into a building, rolling your car, hitting a mailbox and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to bring the cost down.

Comprehensive coverages – Comprehensive insurance covers damage from a wide range of events other than collision. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive insurance covers claims like damage from a tornado or hurricane, vandalism and hitting a bird. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured and underinsured coverage – This coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for things like nursing services, chiropractic care, funeral costs, ambulance fees and surgery. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants as well as being hit by a car walking across the street. PIP is only offered in select states and gives slightly broader coverage than med pay

Liability car insurance – Liability coverage protects you from injuries or damage you cause to people or other property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 100/300/100 which stand for a $100,000 limit per person for injuries, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property.

Liability coverage protects against claims such as structural damage, funeral expenses, bail bonds, legal defense fees and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Coverage on a shoestring budget

People switch companies for many reasons like poor customer service, unfair underwriting practices, extreme rates for teen drivers or even questionable increases in premium. Regardless of your reason, finding a new auto insurance company can be pretty painless.

You just read a lot of tips how to lower your 2011 Hyundai Equus insurance rates. The most important thing to understand is the more rate quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the lowest rates come from a small local company.

As you prepare to switch companies, never buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed liability coverage limits only to find out that their decision to reduce coverage ended up costing them more. Your focus should be to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

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