Buying car insurance is not a chore car owners enjoy, but it’s required in every state to be legal behind the wheel.
It’s a great practice to take a look at other company’s rates occasionally since rates tend to go up over time. Even if you think you had the lowest rates for Viper insurance six months ago there may be better deals available now. So block out anything you think you know about car insurance because you’re going to learn one of the best ways to save on car insurance.
Most companies quote price estimates online. Getting online quotes is quite simple as you just enter the amount of coverage you want as requested by the quote form. After the form is submitted, their system will order reports for credit and driving violations and generates pricing information.
Online quotes streamlines rate comparisons, but the time it takes to visit several different sites and fill out multiple forms is monotonous and tiresome. But it is imperative to do this if you are searching for the lowest price.
Rate comparisons made easy
A quicker way to compare rates uses one form that gets prices from many companies. This type of form saves time, requires much less work on your part, and makes quoting online much easier. As soon as the form is sent, it is rated and you can choose any or none of the pricing results. If the quotes result in lower rates, you can simply submit the application and buy the policy. The whole process takes 15 minutes at the most and may result in a nice savings.
To save time and compare rates using this form now, click here to open in a new tab and complete the simple form. If you have your current policy handy, we recommend you complete the form with your coverages as shown on your current policy. This ensures you will get rate comparison quotes for the exact same coverage.
Companies do not list every discount in a way that’s easy to find, so we break down some of the more common and the more hidden savings tricks you should be using.
It’s important to note that many deductions do not apply to all coverage premiums. Most only reduce the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, companies wouldn’t make money that way.
To see a list of companies offering car insurance discounts, follow this link.
When buying adequate coverage for your vehicles, there isn’t really a single plan that fits everyone. Every situation is different.
These are some specific questions can aid in determining whether you would benefit from professional advice.
If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, fill out this quick form.
Understanding the coverages of your insurance policy helps when choosing which coverages you need for your vehicles. Insurance terms can be difficult to understand and nobody wants to actually read their policy.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. 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 hitting a bird, damage from a tornado or hurricane and rock chips in glass. The maximum payout you can receive from a comprehensive claim 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.
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your Dodge Viper.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.
Liability coverage – Liability coverage will cover damage that occurs to people or other property. This insurance protects YOU against claims from other people, and does not provide coverage for your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property.
Liability insurance covers things like repair costs for stationary objects, medical services and pain and suffering. How much coverage you buy is your choice, but buy higher limits if possible.
Collision coverages – Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as hitting a mailbox, backing into a parked car, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.
Insurance for medical payments – Coverage for medical payments and/or PIP pay for expenses such as hospital visits, ambulance fees and doctor visits. They are often used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay