Tired of robbing Peter to pay Paul to insure your Volvo every month? You are no different than many other consumers. Because you have many companies and agents to choose from, it’s nearly impossible to locate the most affordable provider.
Consumers need to price shop coverage before your policy renews since rates change regularly. Just because you had the lowest price on 240 coverage a year ago there may be better deals available now. Block out anything you think you know about insurance coverage because you’re about to find out how to quote online to eliminate unnecessary coverages and save money.
Finding a lower price on 1993 Volvo 240 insurance is surprisingly easy. You just have to invest a few minutes to compare rate quotes provided by online insurance companies. This can be done in several different ways.
It’s your choice how you get your quotes, but make sure you use the exact same quote information on every quote you get. If your comparisons have differing limits then you won’t be able to determine the lowest rate for your Volvo 240.
When choosing adequate coverage, there really is no single plan that fits everyone. Every insured’s situation is different and a cookie cutter policy won’t apply. For instance, these questions might help in determining whether or not you might need professional guidance.
If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance companies in your area. It is quick, free and you can get the answers you need.
Understanding the coverages of insurance helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages found on the average insurance policy.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance kick in for immediate expenses for things like hospital visits, funeral costs and EMT expenses. They are used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Collision coverage protection
Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims such as crashing into a ditch, hitting a mailbox, sideswiping another vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to raise the deductible to bring the cost down.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for hospital bills for your injuries as well as damage to your Volvo 240.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Usually the UM/UIM limits are set the same as your liablity limits.
Liability auto insurance
This will cover damage or injury you incur to other’s property or people. It protects you against claims from other people. Liability doesn’t 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. As an example, you may have 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. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for claims like legal defense fees, medical services, medical expenses, attorney fees and pain and suffering. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive auto coverage
Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for things such as a tree branch falling on your vehicle, hail damage and a broken windshield. The maximum payout a insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.