Did you fall for a flashy sales pitch and buy an underperforming, overpriced insurance policy? Believe me when I say there are many people just like you. Lots of insurance companies contend for your insurance dollar, and it can be difficult to compare rates and get the definite lowest cost out there.
It’s a great practice to do rate comparisons periodically because insurance rates go up and down regularly. Despite the fact that you may have had the lowest rates on Touareg coverage six months ago you will most likely find a better rate today. Forget all the misinformation about insurance because I’m going to let you in on the secrets to one of the easiest ways to buy cheaper insurance.
Companies that sell car insurance do not advertise every available discount very clearly, so we took the time to find both well-publicized as well as the least known savings tricks you should be using. If you’re not getting every credit available, you are paying more than you should be.
A little note about advertised discounts, most credits do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like you could get a free insurance policy, you’re out of luck.
To see a list of insurers who offer insurance discounts, follow this link.
It’s important that you understand some of the elements that play a part in calculating the price you pay for car insurance. Understanding what influences your rates enables informed choices that may reward you with better car insurance rates.
Shown below are some of the factors car insurance companies consider when setting rates.
When buying coverage for your personal vehicles, there is no best way to insure your cars. Coverage needs to be tailored to your specific needs and your policy should reflect that. For example, these questions can help discover whether you could use an agent’s help.
If it’s difficult to answer those questions then you might want to talk to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.
Knowing the specifics of your car insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find typical coverages offered by car insurance companies.
Collision coverages – Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision insurance covers claims like scraping a guard rail, driving through your garage door, crashing into a ditch, crashing into a building and backing into a parked car. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. You can also choose a higher deductible to bring the cost down.
Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage pays for things like damage from getting keyed, a broken windshield and damage from a tornado or hurricane. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Insurance for medical payments – Coverage for medical payments and/or PIP reimburse you for immediate expenses such as dental work, pain medications, rehabilitation expenses, funeral costs and prosthetic devices. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers both the driver and occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Liability – This coverage provides protection from damage or injury you incur to a person or their property that is your fault. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 which means a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery.
Liability coverage protects against claims like bail bonds, medical expenses, repair costs for stationary objects, loss of income and medical services. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.
When buying insurance coverage, never skimp on coverage in order to save money. There are a lot of situations where an accident victim reduced physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to buy enough coverage at the best price while still protecting your assets.
In this article, we covered quite a bit of information on how to shop for 2011 Volkswagen Touareg insurance online. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. Consumers could even find that the lowest rates come from some of the smallest insurance companies. Regional companies may cover specific market segments cheaper compared to the large companies like Progressive and GEICO.
Additional insurance coverage information is available on the following sites: