Have you fallen victim to an overpriced auto insurance policy? Believe me, you’re not alone.
With consumers having so many choices of insurance companies, it’s nearly impossible to locate the most affordable provider.
Pricing cheaper auto insurance is not that difficult. In a nutshell, everyone who is required by state law to have auto insurance stands a good chance to be able to cut their insurance bill. Although consumers must learn how insurance companies price online insurance.
Insurance can cost an arm and a leg, but there are discounts available that you may not know about. Some trigger automatically at the time of quoting, but lesser-known reductions have to be asked about prior to receiving the credit.
Keep in mind that most discounts do not apply the the whole policy. Most cut specific coverage prices like liability and collision coverage. Just because it seems like all those discounts means the company will pay you, companies wouldn’t make money that way. But any discount will bring down the amount you have to pay.
Car insurance companies who might offer these money-saving discounts are:
Before buying, ask each insurance company which discounts you may be entitled to. Savings may not be available in every state.
The are a couple different ways of comparing rate quotes from local insurance companies. The quickest method to find the lowest 2014 Chevy SS rates is to perform an online rate comparison. This is very easy and can be done using a couple different methods.
It’s up to you how you get prices quotes, just make sure you use apples-to-apples quote information for every company. If you enter different values for each quote it will be impossible to determine the best price for your Chevy SS. Slightly different coverages can mean a large discrepancy in price. And when quoting insurance, remember that getting more free quotes helps locate a lower rate.
An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for insurance coverage. When you know what positively or negatively determines base rates empowers consumers to make smart changes that will entitle you to lower insurance coverage prices.
When it comes to choosing the right insurance coverage, there really is not a cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. For instance, these questions might point out whether or not you will benefit from professional help.
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.
Car insurance providers like State Farm, Geico and Progressive continually stream television and radio advertisements. They all make an identical promise that you can save after switching to their company. How does each company make almost identical claims?
All the different companies can use profiling for the type of customer that is profitable for them. An example of a driver they prefer might be between 25 and 40, owns a home, and has excellent credit. A customer who meets those qualifications will get the preferred rates and therefore will save when they switch companies.
Potential insureds who don’t meet this ideal profile will be quoted a higher premium and this can result in the customer not buying. The ad wording is “drivers who switch” but not “drivers who get quotes” save that much money. That’s why insurance companies can confidently advertise the way they do.
This emphasizes why drivers should quote coverage with many companies. Because you never know which car insurance company will provide you with the cheapest Chevy SS insurance rates.
Learning about specific coverages of your policy can help you determine which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Listed below are the usual coverages found on the average insurance policy.
Collision insurance
This coverage will pay to fix damage to your SS caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then your collision coverage will kick in.
Collision coverage protects against things like scraping a guard rail, crashing into a ditch, hitting a mailbox, sustaining damage from a pot hole and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to bring the cost down.
Coverage for medical expenses
Coverage for medical payments and/or PIP reimburse you for immediate expenses for things like surgery, hospital visits, pain medications, rehabilitation expenses and prosthetic devices. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive insurance
This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things like theft, damage from flooding, fire damage, hitting a deer and rock chips in glass. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Chevy SS.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Most of the time the UM/UIM limits do not exceed the liability coverage limits.
Liability
Liability insurance can cover injuries or damage you cause to a person or their property. This insurance protects YOU against other people’s claims. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as structural damage, attorney fees, emergency aid and pain and suffering. How much coverage you buy is a personal decision, but you should buy as much as you can afford.
When trying to cut insurance costs, don’t be tempted to sacrifice coverage to reduce premiums. There are many occasions where someone dropped collision coverage to discover at claim time that it was a big error on their part. Your focus should be to purchase a proper amount of coverage for the lowest price.
We just covered many ideas to reduce 2014 Chevy SS insurance prices online. The key concept to understand is the more providers you compare, the better your comparison will be. You may be surprised to find that the lowest priced car insurance comes from the least-expected company. Some small companies may cover specific market segments cheaper than the large multi-state companies such as Progressive or Geico.