Have you fallen victim to an underperforming, overpriced insurance policy? Trust us when we tell you you are not the only one feeling buyer’s remorse. Big companies like GEICO, Farmers Insurance and State Farm increase brand awareness with ad campaigns and it is challenging if not impossible to see past the corporate glitz and take the time to shop coverage around.
If you have a policy now or need new coverage, you can learn to cut your premiums while maximizing coverage. Finding the best rates is quite easy. Drivers just need to learn the proper methods to get comparison quotes online.
Lowering your 2008 Volkswagen Rabbit car insurance rates is not rocket science. The only thing you need to do is take a few minutes to get quotes provided by online insurance companies. This is very easy and can be done in a couple of different ways.
Which method you use is up to you, but make sure you use the exact same coverage limits for each comparison quote. If you have unequal deductibles or liability limits it will be next to impossible to determine the best price for your Volkswagen Rabbit.
When choosing the best insurance coverage coverage, there really is not a “best” method to buy coverage. Your needs are not the same as everyone else’s so this has to be addressed. Here are some questions about coverages that can help discover whether your personal situation might need an agent’s assistance.
If you’re not sure about those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and you can get the answers you need.
Understanding the coverages of your insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages offered by insurance companies.
Coverage for liability
This coverage will cover damages or injuries you inflict on other’s property or people that is your fault. Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability can pay for things such as medical expenses, structural damage and pain and suffering. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.
This will pay to fix damage to your Rabbit caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision can pay for claims such as crashing into a ditch, hitting a parking meter, scraping a guard rail, colliding with another moving vehicle and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to increase the deductible in order to get cheaper collision rates.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea. Most of the time your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses for things like doctor visits, rehabilitation expenses and nursing services. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants in addition to being hit by a car walking across the street. PIP is not universally available and gives slightly broader coverage than med pay
This pays for damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers claims such as damage from flooding, hitting a deer, hitting a bird and vandalism. The most your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.