Searching for the cheapest auto insurance rates for your Mazda 323? Are you tired of robbing Peter to pay Paul to buy car insurance? Your situation is no different than most other car owners.
Many insurance companies compete for your business, and because of this it can be hard to compare auto insurance companies to find the lowest rate
Companies that sell car insurance do not advertise all available discounts very well, so here is a list some of the best known as well as the least known savings tricks you should be using.
It’s important to note that most discount credits are not given to the entire policy premium. Most only cut individual premiums such as physical damage coverage or medical payments. Just because you may think adding up those discounts means a free policy, companies wouldn’t make money that way.
Companies that may offer these money-saving discounts include:
Before buying, ask all companies you are considering how you can save money. Some discounts might not apply in your area.
When it comes to buying adequate coverage, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s and your policy should reflect that. Here are some questions about coverages that can help discover whether your personal situation may require specific advice.
If it’s difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Learning about specific coverages of your policy aids in choosing the best coverages and proper limits and deductibles. Auto insurance terms can be ambiguous and reading a policy is terribly boring. These are the usual coverages found on most auto insurance policies.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your Mazda 323.
Because many people only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage kick in for bills such as surgery, pain medications, rehabilitation expenses, ambulance fees and nursing services. The coverages can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage
Liability car insurance
Liability coverage will cover damages or injuries you inflict on a person or their property that is your fault. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability can pay for things such as structural damage, court costs and attorney fees. How much liability should you purchase? That is your choice, but you should buy higher limits if possible.
Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims such as a broken windshield, a tree branch falling on your vehicle and falling objects. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Collision coverage protection
This covers damage to your 323 from colliding with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for things like colliding with a tree, backing into a parked car, crashing into a ditch, rolling your car and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.
In this article, we presented quite a bit of information on how to reduce 1994 Mazda 323 insurance prices online. The most important thing to understand is the more companies you get rates for, the better likelihood of reducing your rate. Consumers may even find the lowest rates come from some of the lesser-known companies. Some small companies can often insure niche markets at a lower cost than the large multi-state companies such as State Farm and Allstate.
As you go through the steps to switch your coverage, make sure you don’t buy lower coverage limits just to save a few bucks. Too many times, an insured dropped uninsured motorist or liability limits only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.
More detailed car insurance information can be read at these sites: