Price shopping your car insurance could be slightly frustrating for drivers who are beginners to comparing rates online. Consumers have so many agents and companies to choose from that it can be a real hassle to find the lowest price.
It’s a good idea to do rate comparisons on a regular basis because insurance rates change quite often. Even if you got the best premium rates on Grand Cherokee coverage two years ago there is a good chance you can find better prices now. There is too much inaccurate information about car insurance online, but I’m going to show you some solid techniques on how to lower your car insurance premiums.
The fastest way that we advise to get rate comparisons is to know the fact auto insurance companies provide online access to give free rates quotes. The one thing you need to do is give the companies some data like the make and model of your vehicles, if you lease or own, your credit rating estimate, and if it has an anti-theft system. Your rating data gets transmitted to many of the top insurers and you will receive price estimates almost instantly.
Insurance is easily one of your largest bills, but you might already qualify for some discounts that many consumers don’t even know exist. Some discounts apply automatically when you quote, but less common discounts must be inquired about before they will apply.
As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, it doesn’t quite work that way.
The best insurance companies and some of the discounts are outlined below.
If you want low cost auto insurance quotes, ask every insurance company how you can save money. Some of the discounts discussed earlier may not apply in your area. If you would like to view companies who offer online insurance quotes, click here.
When it comes to choosing the right insurance coverage, there isn’t really a one size fits all plan. Your needs are not the same as everyone else’s.
Here are some questions about coverages that might help in determining whether your personal situation might need an agent’s assistance.
If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, simply complete this short form.
Learning about specific coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.
Comprehensive protection – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers claims like a broken windshield, hail damage, hitting a bird and damage from a tornado or hurricane. The maximum payout your auto insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Medical expense coverage – Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses such as dental work, surgery and chiropractic care. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover all vehicle occupants and will also cover if you are hit as a while walking down the street. PIP coverage is only offered in select states and may carry a deductible
Liability coverages – This coverage protects you from injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability can pay for things such as emergency aid, repair costs for stationary objects and loss of income. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible.
Uninsured or underinsured coverage – This provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants and damage to your Jeep Grand Cherokee.
Since a lot of drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Normally the UM/UIM limits are identical to your policy’s liability coverage.
Collision – This coverage will pay to fix damage to your Grand Cherokee resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as rolling your car, sideswiping another vehicle and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to bring the cost down.