Trying to find the cheapest auto insurance rates for your Oldsmobile Silhouette? Are you tired of robbing Peter to pay Paul to buy car insurance? You’re in the same situation as millions of other consumers. Companies like State Farm, Allstate, GEICO and Progressive constantly blast consumers with fancy advertisements and it can be hard to avoid their marketing magic and find the best price available.
The quickest method to compare car insurance company rates is to take advantage of the fact most larger insurance companies participate in online systems to compare rate quotes. The one thing you need to do is give them rating details such as whether or not you need a SR-22, how much coverage you want, what you do for a living, and the type of vehicles you drive. Your rating data is automatically sent to multiple companies and you get price estimates within a short period of time.
Companies offering auto insurance don’t always advertise every available discount very clearly, so the following is a list of both the well known and also the lesser-known insurance savings. If you’re not getting every credit possible, you’re just leaving money on the table.
A little note about advertised discounts, some credits don’t apply to all coverage premiums. The majority will only reduce the price of certain insurance coverages like liability and collision coverage. So when it seems like you would end up receiving a 100% discount, you won’t be that lucky.
A partial list of companies that possibly offer these discounts are:
Before buying, ask all companies you are considering which discounts they offer. All car insurance discounts might not apply in every state.
When choosing the right insurance coverage for your vehicles, there really is no one size fits all plan. Everyone’s situation is a little different so your insurance needs to address that. These are some specific questions can help discover if your situation might need an agent’s assistance.
If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.
Learning about specific coverages of your insurance policy helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are the usual coverages found on the average insurance policy.
This coverage pays for damage to your Silhouette resulting from a collision with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as crashing into a ditch, backing into a parked car, hitting a parking meter, rolling your car and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to get cheaper collision coverage.
Liability coverage will cover damage or injury you incur to other people or property that is your fault. It protects YOU from legal claims by others. It does not cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability coverage pays for claims like structural damage, bail bonds and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Med pay and PIP coverage provide coverage for expenses for things like surgery, EMT expenses, X-ray expenses and ambulance fees. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage
This coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers things such as a tree branch falling on your vehicle, fire damage and damage from a tornado or hurricane. The maximum payout a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your Oldsmobile Silhouette.
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 should not be overlooked.