Feel like you’re a prisoner to an underperforming, overpriced auto insurance policy? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their auto insurance policy. Insurance companies such as Allstate, Progressive and GEICO all promote huge savings with advertising and consumers find it hard to see past the corporate glitz and find the best price available.
Car insurance companies don’t always publicize every discount in an easy-to-find place, so we took the time to find both the well known and the harder-to-find ways to save on car insurance. If they aren’t giving you every credit available, you are paying more than you should be.
It’s important to note that most of the big mark downs will not be given to the entire policy premium. Most only reduce the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears you could get a free car insurance policy, you’re out of luck.
Insurance companies that may have these discounts may include but are not limited to:
It’s a good idea to ask each company which discounts you may be entitled to. Some discounts might not apply in your state.
Consumers get pounded daily by advertisements for cheaper car insurance by 21st Century, Allstate and State Farm. They all seem to have a common claim of big savings if you change to their company.
How can each company make the same claim? This is how they do it.
All the different companies have a preferred profile for the right customer that makes them money. An example of a preferred risk could possibly be between the ages of 40 and 55, has no driving citations, and has a high credit rating. Any new insured who fits that profile will qualify for the lowest rates and is almost guaranteed to save when switching.
Consumers who don’t qualify for these standards will be quoted more money and ends up with business not being written. The ads say “people who switch” not “everybody who quotes” save that much money. That is how companies can truthfully state the savings. This emphasizes why drivers should get a wide range of price quotes. You cannot predict which insurance company will fit your personal profile best.
When it comes to buying coverage, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. Here are some questions about coverages that can aid in determining if your situation might need professional guidance.
If you’re not sure about those questions, you may need to chat with an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It is quick, free and you can get the answers you need.
Knowing the specifics of insurance aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages available from insurance companies.
This coverage pays for damage to your Neon caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims like colliding with a tree, backing into a parked car, crashing into a ditch and rolling your car. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.
Medical expense insurance
Coverage for medical payments and/or PIP provide coverage for expenses like rehabilitation expenses, funeral costs, ambulance fees and X-ray expenses. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. They cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible
Comprehensive (Other than Collision)
This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as falling objects, theft, fire damage and hitting a deer. The highest amount a insurance company will pay at claim time is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they do not carry enough liability coverage. Covered claims include injuries to you and your family as well as damage to your Dodge Neon.
Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Liability coverage can cover damage or injury you incur to a person or their property. This insurance protects YOU against claims from other people. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.
Liability can pay for claims like bail bonds, emergency aid, court costs and funeral expenses. How much coverage you buy is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
When trying to cut insurance costs, you should never buy less coverage just to save a little money. In many cases, consumers will sacrifice full coverage only to discover later that they should have had better coverage. The ultimate goal is to buy the best coverage you can find at a price you can afford.
We covered many ways to get a better price on 1999 Dodge Neon insurance. The most important thing to understand is the more you quote, the higher your chance of finding lower rates. You may even find the best price on car insurance is with an unexpected company. Some small companies can often provide lower rates in certain areas than their larger competitors like State Farm and Allstate.
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