Scraping up a payment for overpriced Nissan Versa insurance can drain your checking account, especially in this economy. Shopping your coverage around is a smart way to make sure you’re not throwing money away.
Many insurance companies compete to insure your vehicles, and because of this it can be hard to compare auto insurance companies and uncover the absolute best rate
Consumers need to check auto insurance prices before your policy renews since insurance rates trend upward over time. Even if you think you had the best price for Versa coverage six months ago you will most likely find a better rate today. Block out anything you think you know about auto insurance because I’m going to let you in on the secrets to the easiest way to save money, get proper deductibles and limits, all at the lowest rate.
If you currently have a car insurance policy, you will be able to save some money using these methods. Finding affordable coverage is not rocket science. But consumers must learn the methods companies use to price online insurance and apply this information to your search.
Insurance can be prohibitively expensive, but you can get discounts that you may not know about. A few discounts will automatically apply at the time you complete a quote, but a few must be inquired about prior to receiving the credit.
It’s important to understand that many deductions do not apply the the whole policy. Most only apply to the price of certain insurance coverages like collision or personal injury protection. So despite the fact that it appears you can get free auto insurance, companies wouldn’t make money that way. Any qualifying discounts will reduce the amount you have to pay.
For a list of companies offering insurance discounts, click this link.
When choosing the best car insurance coverage, there is no best way to insure your cars. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that may help highlight whether or not you may require specific advice.
If you’re not sure about those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.
Understanding the coverages of your policy aids in choosing appropriate coverage and the correct deductibles and limits. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Listed below are the normal coverages found on the average insurance policy.
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.
Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits are identical to your policy’s liability coverage.
Medical expense insurance – Coverage for medical payments and/or PIP provide coverage for bills such as dental work, hospital visits, pain medications, chiropractic care and surgery. They can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers all vehicle occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible
Collision – This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like scraping a guard rail, hitting a parking meter, colliding with a tree, sideswiping another vehicle and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to increase the deductible in order to get cheaper collision rates.
Comprehensive (Other than Collision) – This covers damage from a wide range of events other than collision. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as falling objects, vandalism and damage from a tornado or hurricane. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Liability car insurance – This will cover damage that occurs to other people or property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 50/100/50 that means you have a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one number which is a combined single limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability insurance covers things like repair bills for other people’s vehicles, pain and suffering and bail bonds. How much liability should you purchase? That is up to you, but buy as large an amount as possible.
We just showed you many ways to reduce 2014 Nissan Versa insurance prices online. The most important thing to understand is the more price quotes you have, the better your comparison will be. Consumers could even find that the most savings is with an unexpected company. Smaller companies often have lower prices on specific markets than their larger competitors like Progressive or Geico.
Budget-conscious insurance can be bought on the web as well as from independent agents, and you should compare price quotes from both in order to have the best chance of saving money. Some companies don’t offer the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.
When shopping online for insurance coverage, do not buy less coverage just to save a little money. There are many occasions where an insured cut collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy the best coverage you can find at a price you can afford while still protecting your assets.
To read more, take a look at the resources below: