Nobody I know looks forward to paying for car insurance, especially when they are paying too much.
Consumers have many car insurance companies to insure vehicles with, and although it’s nice to be able to choose, lots of choices makes it harder to compare company pricing.
It’s a good habit to compare prices yearly because rates are constantly changing. If you had the lowest rates for SL-Class coverage two years ago you will most likely find a better rate today. There is too much inaccurate information about car insurance online, so I’m going to show you the best ways to slash your car insurance rates.
Pricing affordable coverage is quite easy. Just about everyone who has to buy insurance will more than likely be able to lower their premiums. But drivers must learn the way insurance companies price insurance differently and use this information to your advantage.
All major auto insurance companies such as Allstate, GEICO and Progressive allow you to get coverage price quotes online. The process is quite easy as you simply enter your personal and coverage information into a form. Upon sending the form, their rating system orders information on your driving record and credit history and gives you a price quote determined by many factors. Online quotes helps simplify price comparisons, but the time it takes to visit several different sites and type in the same information can be a bit repetitive. But it’s absolutely necessary to compare as many rates as possible in order to get better prices.
Compare rates the easy way
An easier way to find cheaper rates utilizes a single form that obtains quotes from several companies at one time. The form is fast, requires much less work on your part, and makes rate comparisons much more enjoyable. As soon as the form is sent, it is quoted and you can choose any one of the returned quotes.
If you find a better price you can click and sign and purchase coverage. This process just takes a couple of minutes and you will know how your current rates stack up.
To quickly find out how much you can save on auto insurance, click here to open in a new tab and submit your coverage information. To compare your current rates, we recommend that you enter the limits and deductibles as close as possible to your current policy. Using the same limits helps guarantee you’re receiving comparison quotes for exact coverage.
Car insurance can cost a lot, but there could be available discounts that you may not know about. Some trigger automatically when you purchase, but a few need to be manually applied before you get the savings.
As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Most only reduce the cost of specific coverages such as liability and collision coverage. Just because it seems like you can get free auto insurance, companies don’t profit that way. Any amount of discount will help reduce the amount you have to pay.
Companies who might offer some of the above discounts are:
Check with each insurance company which discounts you may be entitled to. Some discounts may not apply in your state.
When it comes to buying the right insurance coverage, there isn’t really a single plan that fits everyone. Everyone’s situation is unique so your insurance should reflect that For instance, these questions might point out if your situation would benefit from professional advice.
If you can’t answer these questions then you might want to talk to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance companies in your area.
Having a good grasp of insurance helps when choosing the best coverages and proper limits and deductibles. Insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverage types found on the average insurance policy.
Collision coverages – This covers damage to your SL-Class resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for things such as colliding with another moving vehicle, colliding with a tree, crashing into a ditch and backing into a parked car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.
Protection from uninsured/underinsured drivers – This coverage provides protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your Mercedes-Benz SL-Class.
Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these limits are set the same as your liablity limits.
Comprehensive (Other than Collision) – This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things such as a tree branch falling on your vehicle, damage from flooding and a broken windshield. The highest amount you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical expense insurance – Coverage for medical payments and/or PIP pay for short-term medical expenses such as surgery, pain medications and dental work. They can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers you and your occupants as well as getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
Auto liability insurance – This coverage provides protection from damage or injury you incur to people or other property in an accident. This insurance protects YOU from claims by other people. Liability doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage pays for claims like structural damage, medical services and pain and suffering. How much coverage you buy is a decision to put some thought into, but you should buy as large an amount as possible.