Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Believe me when I say many consumers feel financially strained by their car insurance policy.
Numerous insurance companies battle for your business, so it’s not easy to compare every insurance company to get the best rate
It is always a good idea to compare prices every six months because insurance rates tend to go up over time. Just because you found the best price on V40 insurance last year there is a good chance you can find better rates now. You can find a lot of wrong information about car insurance online, so we’re going to give you some proven techniques to quit paying high car insurance rates.
All the larger car insurance companies like State Farm and Allstate provide pricing on their websites. Getting quotes is fairly straightforward as you simply enter your coverage information into a form. When complete, their rating system collects reports for credit and driving violations and generates a price. Quoting online makes comparing rates easy, but the process of having to visit a lot of sites and complete many quote forms can get tiresome after awhile. Unfortunately, it is important to perform this step if you are searching for the best price possible.
There is a better way!
A more efficient way to find lower prices is to use a quote form to get prices from several different companies. It’s a real time-saver, helps eliminate reptitive entry, and makes quoting online much more enjoyable and efficient. Immediately after submitting the form, it gets priced with multiple companies and you can pick any or none of the price quotes you receive. If the quotes result in lower rates, you simply finish the application and purchase coverage. The whole process can be completed in less than 10 minutes and can result in significant savings.
To use this form to compare rates, click here and enter your vehicle and coverage information. If you currently have coverage, we recommend that you enter the coverage information just like they are on your policy. This way, you will be getting rate comparison quotes based on similar coverages.
When it comes to choosing adequate coverage for your personal vehicles, there really is not a “best” method to buy coverage. Every insured’s situation is different so your insurance needs to address that. For example, these questions may help highlight whether your personal situation could use an agent’s help.
If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.
Learning about specific coverages of car insurance aids in choosing the best coverages and proper limits and deductibles. Car insurance terms can be confusing and even agents have difficulty translating policy wording. Shown next are the usual coverages found on most car insurance policies.
Auto liability insurance – This coverage will cover damage or injury you incur to other’s property or people. This insurance protects YOU from legal claims by others. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability coverage pays for claims like pain and suffering, funeral expenses, court costs and emergency aid. How much coverage you buy is a personal decision, but consider buying as much as you can afford.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses such as prosthetic devices, X-ray expenses and hospital visits. They are often used in conjunction with a health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your Volvo V40.
Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Collision coverage – Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things such as hitting a mailbox, driving through your garage door and hitting a parking meter. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to increase the deductible to bring the cost down.
Comprehensive auto coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as theft, hail damage, a broken windshield and hitting a deer. The maximum payout your car insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.