Expensive car insurance can drain your personal savings, especially in this economy. Doing a price comparison is free, only takes a few minutes, and is a good way to cut your insurance bill.
Companies like Progressive, GEICO and Farmers Insurance constantly bombard you with ads and it can be hard to ignore the promise of big savings and take the time to shop coverage around.
Most major insurance companies such as GEICO, State Farm and Progressive allow you to get price estimates on their websites. Obtaining pricing is quite simple as you just type in the coverages you want into a form. After the form is submitted, their system makes automated requests for your driving record and credit report and returns pricing information based on these and other factors. Online quotes makes it a lot easier to compare rates but the time it takes to visit several different sites and type in the same information can get tiresome after awhile. But it’s absolutely necessary to perform this step in order to get the lowest car insurance rates.
Quote rates the easy way
A quicker way to find lower prices uses one simple form that obtains quotes from more than one company. The form is fast, reduces the work, and makes online quotes much more efficient. After sending your information, it is quoted and you can select any one of the pricing results. If one or more price quotes are lower than your current rates, you can click and sign and purchase the new policy. The whole process just takes a couple of minutes and could lower your rates considerably.
To find out what other companies charge, click here to open in new window and enter your information. If you have your current policy handy, we recommend that you enter the coverage information as shown on your current policy. Doing this assures you will receive a price comparison using the same coverage and limits.
Insurance companies such as GEICO, State Farm and Progressive regularly use television and radio advertisements. They all seem to make the same claim that you’ll save big if you move your policy. How can each company make the same claim?
Insurance companies have a preferred profile for the driver that earns them a profit. For example, a profitable customer could be over the age of 40, has no prior claims, and drives newer vehicles. A customer getting a price quote who matches those parameters receives the best rates and as a result will probably pay quite a bit less when switching companies.
Potential insureds who do not match this ideal profile must pay higher premiums and this can result in business going elsewhere. The ads say “customers who switch” not “people who quote” save that much money. That’s why insurance companies can confidently make the claims of big savings. This illustrates why you absolutely need to get quotes from several different companies. It’s impossible to know which insurance company will have the lowest Ford Fiesta insurance rates.
Car insurance companies do not advertise every available discount very clearly, so here is a list both the well known as well as the least known car insurance savings.
Drivers should understand that most discount credits are not given to the entire cost. Most only apply to the cost of specific coverages such as comp or med pay. Just because it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.
To see a list of insurers with the best car insurance discounts, click here.
When it comes to choosing coverage for your personal vehicles, there isn’t really a best way to insure your cars. Every insured’s situation is different and your policy should reflect that. For example, these questions can aid in determining whether you might need professional guidance.
If you don’t know the answers to these questions but you know they apply to you, you might consider talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Knowing the specifics of insurance can help you determine the right coverages at the best deductibles and correct limits. Insurance terms can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverages found on the average insurance policy.
Uninsured/Underinsured Motorist coverage
This provides protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance reimburse you for short-term medical expenses like hospital visits, funeral costs and dental work. They can be used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. They cover you and your occupants and will also cover any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as theft, vandalism and hail damage. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
This will pay to fix damage to your Fiesta resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for things such as hitting a mailbox, crashing into a building, rolling your car and crashing into a ditch. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.
Liability insurance will cover damages or injuries you inflict on a person or their property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.
Liability insurance covers things such as repair bills for other people’s vehicles, attorney fees, repair costs for stationary objects and emergency aid. How much coverage you buy is up to you, but buy as large an amount as possible.
As you shop your coverage around, make sure you don’t skimp on critical coverages to save a buck or two. There are a lot of situations where drivers have reduced physical damage coverage only to discover later that it was a big mistake. Your aim should be to find the BEST coverage for the lowest price while not skimping on critical coverages.
Cheaper 2012 Ford Fiesta insurance can be found from both online companies and also from your neighborhood agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some companies may not provide online price quotes and many times these smaller companies only sell through independent insurance agents.
In this article, we covered a lot of ways to get a better price on insurance. The key thing to remember is the more times you quote, the better chance you’ll have of finding lower rates. You may even discover the lowest rates come from a lesser-known regional company. Smaller companies may only write in your state and offer lower rates than their larger competitors like State Farm, GEICO and Nationwide.
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