No one enjoys paying for insurance coverage, especially knowing their premiums are too high.
With so many options, it’s nearly impossible to pick the most affordable car insurance company.
Finding affordable coverage is easy if you know what you’re doing. Basically, every driver who is required by state law to have insurance stands a good chance to be able to reduce their rates. Although drivers should learn how insurance companies price insurance differently and use this information to your advantage.
It’s important that you understand the factors that go into determining the rates you pay for auto insurance. Understanding what determines base rates helps enable you to make changes that may reward you with lower auto insurance prices.
Performing a rate comparison can be a daunting task if you don’t understand the easiest way. You could spend the better part of a day discussing policy coverages with insurance companies in your area, or you can stay home and use online quoting to maximize your effort.
Many companies take part in a program that allows shoppers to enter their coverage request one time, and at least one company can give them a price based on that data. This system prevents you from having to do quotation requests for every car insurance company. To submit your quote information now, click to open in new window.
The only drawback to doing it this way is you are unable to specify which companies you will receive quotes from. If you would rather choose specific insurance companies to receive pricing from, we have a page of low cost car insurance companies in your area. Click here to view list.
It’s up to you which method you use, but double check that you are using exactly the same coverage information on every quote. If you compare different liability limits it will be impossible to determine the lowest rate for your Jeep Grand Cherokee. Quoting even small variations in coverage limits may cause a big price difference. It’s important to know that quoting more helps you find the best offered rates.
Insurance providers like State Farm, Allstate and Geico regularly use ads on TV and radio. They all say the same thing that you can save if you move to their company. But how can every company make almost identical claims?
Insurance companies can use profiling for the type of driver they prefer to insure. For example, a desirable insured could possibly be between 25 and 40, has no prior claims, and drives less than 10,000 miles a year. A propective insured who matches those parameters is entitled to the best price and therefore will save a lot of money.
Potential insureds who don’t qualify for the “perfect” profile will have to pay a higher premium and this can result in the customer not buying. The ads say “customers that switch” but not “drivers who get quotes” save that kind of money. That’s why insurance companies can confidently make the claims of big savings. Because of the profiling, drivers must get as many quotes as possible. It’s not possible to predict the company that will give you the biggest savings on Jeep Grand Cherokee insurance.
Companies that sell car insurance don’t always advertise all available discounts very well, so we break down some of the best known and the more hidden ways to save on insurance.
As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Most cut the price of certain insurance coverages like liability, collision or medical payments. So despite the fact that it appears you can get free auto insurance, it just doesn’t work that way.
To see a list of providers who offer insurance discounts, click this link.
When choosing coverage for your personal vehicles, there really is no single plan that fits everyone. Everyone’s situation is unique so your insurance should reflect that For example, these questions can help discover if you may require specific advice.
If you don’t know the answers to these questions, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
Understanding the coverages of your policy aids in choosing the best coverages and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are the normal coverages found on most car insurance policies.
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Jeep Grand Cherokee.
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. This is the reason having UM/UIM coverage is very important.
Liability coverages
Liability insurance can cover damage or injury you incur to other’s property or people that is your fault. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.
Liability coverage protects against claims like court costs, pain and suffering, emergency aid, medical services and medical expenses. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.
Collision insurance
This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision insurance covers things such as damaging your car on a curb, colliding with another moving vehicle, sideswiping another vehicle and driving through your garage door. This coverage can be expensive, so consider dropping it from older vehicles. You can also increase the deductible to bring the cost down.
Comprehensive coverage
Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as damage from getting keyed, vandalism, damage from a tornado or hurricane, theft and a tree branch falling on your vehicle. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance reimburse you for bills like ambulance fees, rehabilitation expenses, surgery and funeral costs. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. They cover you and your occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
We covered some good ideas how you can get a better price on 2012 Jeep Grand Cherokee insurance. The key thing to remember is the more providers you compare, the better chance you’ll have of finding lower rates. Consumers may even find the lowest priced insurance coverage comes from a smaller regional carrier. These companies often have lower prices on specific markets as compared to the big name companies such as Geico and State Farm.
Affordable insurance can be bought online and also from your neighborhood agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance coverage companies may not provide online quoting and usually these regional insurance providers provide coverage only through local independent agents.
Additional detailed information is located in these articles: