Have you fallen victim to an overpriced car insurance policy? Trust us, many consumers are feeling buyer’s remorse and feel like there’s no way out. There are many auto insurance companies to buy insurance from, and although it’s nice to have a selection, it makes it harder to find the lowest cost provider.
You should make it a habit to do rate comparisons every six months since rates trend upward over time. Even if you got the lowest rates on Grand Cherokee insurance two years ago you will most likely find a better rate today. There is too much inaccurate information about car insurance on the web, but by reading this article, you’re going to learn some guaranteed methods to reduce your car insurance bill.
The cost of insuring your cars can be expensive, but you can get discounts to help offset the cost. Most are applied at quote time, but some must be manually applied in order for you to get them. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.
Keep in mind that many deductions do not apply to all coverage premiums. Most cut specific coverage prices like liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, you’re out of luck. But any discount will reduce the cost of coverage.
To see a list of providers who offer auto insurance discounts, follow this link.
When choosing the right insurance coverage for your personal vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions may help you determine whether or not you will benefit from professional help.
If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.
Drivers constantly see and hear ads for car insurance savings by companies like Allstate and Progressive. All the companies make the same claim about savings if you switch to them.
How does each company say the same thing? This is how they do it.
Insurance companies can use profiling for the type of customer they prefer to insure. For example, a driver they prefer might be between the ages of 30 and 50, has no tickets, and has a high credit rating. A customer getting a price quote who matches those parameters gets the lowest rates and therefore will save when they switch companies.
Consumers who don’t meet this ideal profile will be charged a higher premium which leads to business going elsewhere. The ads say “drivers who switch” not “everyone that quotes” save that much money. That is how insurance companies can confidently state the savings.
That is why drivers should compare many company’s rates. Because you never know which insurance coverage company will provide you with the cheapest Jeep Grand Cherokee insurance rates.
Having a good grasp of a insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are typical coverage types found on most insurance policies.
Comprehensive insurance – Comprehensive insurance covers damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things like hail damage, theft, vandalism, falling objects and hitting a deer. The maximum amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers things such as colliding with a tree, scraping a guard rail, rolling your car and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also raise the deductible to bring the cost down.
Liability auto insurance – Liability coverage protects you from injuries or damage you cause to people or other property in an accident. This coverage protects you against claims from 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. You commonly see policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.
Liability can pay for claims such as attorney fees, medical expenses, medical services, repair costs for stationary objects and court costs. How much liability should you purchase? That is a decision to put some thought into, but consider buying as large an amount as possible.
Med pay and Personal Injury Protection (PIP) – Medical payments and Personal Injury Protection insurance kick in for bills for nursing services, pain medications, ambulance fees and rehabilitation expenses. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
Uninsured/Underinsured Motorist (UM/UIM) – This coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Normally your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
We covered a lot of information how to get a better price on 2000 Jeep Grand Cherokee insurance. The key concept to understand is the more times you quote, the better your chances of lowering your rates. Consumers may even find the biggest savings come from an unexpected company. They can often provide lower rates in certain areas than the large multi-state companies such as Allstate and Progressive.
Discount insurance is attainable both online in addition to many insurance agents, so compare prices from both to get a complete price analysis. Some car insurance companies do not provide online quoting and usually these small insurance companies provide coverage only through local independent agents.