Have you fallen victim to an underperforming, overpriced insurance policy? Trust us when we tell you there are a lot of people just like you who feel imprisoned by their insurance policy.
Popular companies such as Progressive, State Farm and GEICO all claim big savings with ad campaigns and consumers find it hard to separate fact from fiction and effectively compare rates to find the best deal.
You need to take a look at other company’s rates occasionally because prices are variable and change quite frequently. Even if you think you had the best deal for Elantra Touring coverage last year you can probably find a lower rate today. Starting right now, forget all the misinformation about insurance because I’m going to teach you how to use the internet to lower your annual insurance bill.
Car insurance can cost a lot, but companies offer discounts that you may not know about. Some discounts apply automatically at quote time, but some may not be applied and must be asked for before you will receive the discount.
Keep in mind that most of the big mark downs will not be given the the whole policy. A few only apply to the cost of specific coverages such as comp or med pay. So when the math indicates you would end up receiving a 100% discount, it just doesn’t work that way. But all discounts will bring down the cost of coverage.
Insurance companies that possibly offer these benefits include:
Check with each company what discounts are available to you. All car insurance discounts might not be offered in every state.
When it comes to buying the right insurance coverage, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. For instance, these questions may help highlight whether your personal situation may require specific advice.
If it’s difficult to answer those questions but you know they apply to you, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Understanding the coverages of your policy can help you determine appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and reading a policy is terribly boring. Below you’ll find the normal coverages found on the average insurance policy.
This coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include medical payments for you and your occupants and damage to your Hyundai Elantra Touring.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is important protection for you and your family. Normally the UM/UIM limits are similar to your liability insurance amounts.
This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for things such as a tree branch falling on your vehicle, damage from flooding, hail damage and hitting a deer. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Med pay and PIP coverage pay for immediate expenses such as doctor visits, funeral costs and X-ray expenses. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay
This coverage can cover damage or injury you incur to a person or their property in an accident. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see a combined limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for claims like repair costs for stationary objects, pain and suffering and legal defense fees. How much liability should you purchase? That is a personal decision, but buy as high a limit as you can afford.
Collision coverage will pay to fix damage to your Elantra Touring caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things such as sideswiping another vehicle, colliding with a tree, crashing into a building, driving through your garage door and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Lower-priced 2010 Hyundai Elantra Touring insurance is attainable on the web as well as from independent agents, so you should compare both in order to have the best price selection to choose from. Some insurance coverage companies don’t offer online quoting and most of the time these small insurance companies sell through independent agents.
As you prepare to switch companies, never reduce needed coverages to save money. There are a lot of situations where someone sacrificed uninsured motorist or liability limits and learned later they didn’t have enough coverage. Your goal should be to purchase plenty of coverage for the lowest price while still protecting your assets.
We covered many ways to save on insurance. The key thing to remember is the more you quote, the better chance you’ll have of finding lower rates. Drivers may discover the biggest savings come from a lesser-known regional company. Some small companies may only write in your state and offer lower rates compared to the large companies like Progressive or GEICO.
More detailed insurance coverage information is available at these sites: