Overwhelmed by the dozens of auto insurance company choices? You have a lot of company. You have so many choices that it can quickly become more work than you anticipated to compare prices.
Insuring your vehicles can cost a lot, but companies offer discounts that you may not even be aware of. Some discounts apply automatically at quote time, but lesser-known reductions have to be specifically requested before being credited.
Drivers should understand that some of the credits will not apply to the entire cost. Most only cut the cost of specific coverages such as collision or personal injury protection. Just because you may think all those discounts means the company will pay you, it doesn’t quite work that way. Any amount of discount will bring down your premiums.
To see a list of providers with the best car insurance discounts, follow this link.
When choosing adequate coverage for your personal vehicles, there really is not a one size fits all plan. Every situation is different.
For example, these questions may help highlight if your situation could use an agent’s help.
If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. To find an agent in your area, fill out this quick form.
Companies like State Farm, Allstate and GEICO regularly use ads on TV and radio. All the ads make the same claim that you can save if you move to their company. How can each company make the same claim? It’s all in the numbers.
Insurance companies can use profiling for the type of customer that earns them a profit. A good example of a preferred risk could possibly be over the age of 40, has no prior claims, and has great credit. Any new insured who matches those parameters will get the preferred rates and most likely will pay quite a bit less when switching companies.
Potential insureds who don’t qualify for these standards will be quoted higher rates and this can result in the driver buying from a lower-cost company. The ads say “people who switch” not “people who quote” save that kind of money. That’s why insurance companies can make the claims of big savings.
This emphasizes why it’s extremely important to quote coverage with many companies. Because you never know the company that will fit your personal profile best.
Knowing the specifics of a insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.
Protection from uninsured/underinsured drivers
This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your GMC Savana.
Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.
Collision coverage protection
Collision coverage pays for damage to your Savana resulting from colliding with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for claims such as backing into a parked car, damaging your car on a curb, sideswiping another vehicle, colliding with another moving vehicle and crashing into a ditch. 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. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Liability auto insurance
This coverage can cover damage that occurs to a person or their property in an accident. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Another option is a combined limit which provides one coverage limit and claims can be made without the split limit restrictions.
Liability can pay for things like repair bills for other people’s vehicles, repair costs for stationary objects and pain and suffering. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive (Other than Collision)
Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims such as rock chips in glass, vandalism, a broken windshield and hitting a bird. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Medical expense insurance
Coverage for medical payments and/or PIP provide coverage for bills such as surgery, rehabilitation expenses, nursing services, ambulance fees and hospital visits. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. It covers you and your occupants and also covers getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage
Drivers switch companies for a variety of reasons including delays in paying claims, policy non-renewal, denial of a claim and not issuing a premium refund. Whatever your reason, choosing a new company is not as difficult as it may seem.
Affordable 2010 GMC Savana insurance is definitely available from both online companies as well as from independent agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance coverage companies don’t offer the ability to get a quote online and many times these small insurance companies only sell through independent insurance agents.
When trying to cut insurance costs, you should never buy lower coverage limits just to save a few bucks. There have been many cases where consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that it was a big mistake. Your goal should be to buy enough coverage at an affordable rate.