Having to pay for overpriced auto insurance can take a big chunk out of your checking account and force you to make sacrifices. Comparing price quotes is a great way to reduce premiums and put more money in your pocket. Many insurers compete for your hard-earned dollar, so it can be very hard to choose a company and get the best coverage at the lowest rate possible.
Consumers need to have an understanding of some of the elements that come into play when calculating insurance coverage rates. Understanding what influences your rates allows you to make educated decisions that could result in big savings.
The list below includes some of the items companies use to determine premiums.
The quickest method we recommend to get policy rate comparisons is to know the fact all the major auto insurance companies participate in a system to give free rates quotes. The one thing you need to do is provide the companies a bit of rating information including which vehicles you own, how much school you completed, your job, and how old drivers are. That rating data is submitted instantly to insurance carriers in your area and they return cost estimate quickly.
To find lower rates now, click here and enter the information requested.
Auto insurance companies don’t necessarily list all available discounts in an easy-to-find place, so the following is a list of both the well known and the harder-to-find ways to save on auto insurance. If they aren’t giving you every credit you qualify for, you are paying more than you should be.
Consumers should know that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce specific coverage prices like medical payments or collision. Just because it seems like adding up those discounts means a free policy, auto insurance companies aren’t that generous.
A partial list of companies who might offer these money-saving discounts may include but are not limited to:
Double check with every prospective company what discounts are available to you. Discounts might not apply in your area.
When it comes to choosing proper insurance coverage for your vehicles, there really is no perfect coverage plan. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions may help highlight whether your personal situation will benefit from professional help.
If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It’s fast, free and can help protect your family.
Knowing the specifics of your policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average car insurance policy.
Coverage for medical expenses
Med pay and PIP coverage pay for short-term medical expenses for things like dental work, doctor visits and surgery. They can be used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible
Comprehensive car insurance
Comprehensive insurance pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims such as damage from flooding, hitting a deer, rock chips in glass, a broken windshield and a tree branch falling on your vehicle. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things such as colliding with another moving vehicle, crashing into a building, crashing into a ditch and damaging your car on a curb. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.
Liability insurance provides protection from damage that occurs to other people or property that is your fault. This coverage protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 50/100/50 which stand for a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000.
Liability insurance covers things like structural damage, repair bills for other people’s vehicles, bail bonds and funeral expenses. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.
Coverage for uninsured or underinsured drivers
Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Saturn S-Series.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.
Cheaper 1994 Saturn S-Series insurance can be purchased online and also from your neighborhood agents, so you should be comparing quotes from both to get a complete price analysis. Some insurance providers may not provide you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.
As you go through the steps to switch your coverage, you should never reduce coverage to reduce premium. In too many instances, an accident victim reduced uninsured motorist or liability limits and found out when filing a claim they didn’t purchase enough coverage. The ultimate goal is to purchase a proper amount of coverage at the best price, not the least amount of coverage.
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