Tired of robbing Peter to pay Paul each month for car insurance? You’re in the same situation as most other car owners. With consumers having so many companies to choose from, it’s nearly impossible to pick the lowest price car insurance company.
It’s a good idea to take a look at other company’s rates at least once a year because rates are rarely the same from one policy term to another. Even if you got the best rates on GranTurismo coverage a few years ago there is a good chance you can find better rates now. There is a lot of bad information regarding car insurance online but with this article, you’re going to get a lot of great tips on how to slash your car insurance rates.
Finding lower insurance rates is surprisingly easy. Drivers just need to invest a little time comparing rates online from several insurance companies. This is very easy and can be done in several different ways.
Whichever method you choose, be sure to compare identical deductibles and coverage limits with each company. If you are comparing differing limits it will be impossible to decipher which rate is best.
Car insurance can cost a lot, but you can get discounts that many people don’t even know exist. Some trigger automatically at the time you complete a quote, but a few must be manually applied before being credited. If they aren’t giving you every credit you qualify for, you are throwing money away.
It’s important to note that most discount credits are not given to the entire policy premium. The majority will only reduce individual premiums such as liability and collision coverage. So even though they make it sound like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any qualifying discounts will help reduce your overall premium however.
A partial list of companies that may offer these money-saving discounts are:
Check with each company which discounts you may be entitled to. Savings may not be available everywhere.
When buying adequate coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine whether or not you would benefit from an agent’s advice.
If you don’t know the answers to these questions then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.
Smart consumers have a good feel for some of the elements that help determine the price you pay for auto insurance. Understanding what controls the rates you pay helps enable you to make changes that will entitle you to lower auto insurance prices.
The following are a few of the “ingredients” that factor into prices.
Consumers get pounded daily by advertisements for cheaper car insurance by Progressive, Allstate and GEICO. They all say the same thing that you can save if you switch to their company.
How can each company make almost identical claims?
All companies have a certain “appetite” for the right customer they prefer to insure. A good example of a desirable insured could possibly be between 25 and 40, a clean driving record, and drives less than 7,500 miles a year. Any driver that hits that “sweet spot” will qualify for the lowest rates and most likely will pay quite a bit less when switching companies.
Consumers who don’t qualify for the “perfect” profile will be quoted higher rates which usually ends up with the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “everybody who quotes” save that kind of money. That is how companies can advertise the savings.
This emphasizes why you need to get a wide range of price quotes. Because you never know the company that will provide you with the cheapest Maserati GranTurismo insurance rates.
Understanding the coverages of insurance helps when choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find the normal coverages available from insurance companies.
Collision coverage protection
This covers damage to your GranTurismo resulting from a collision with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as rolling your car, hitting a mailbox, colliding with another moving vehicle and backing into a parked car. This coverage can be expensive, so consider removing coverage from vehicles that are older. You can also increase the deductible to save money on collision insurance.
This coverage gives you protection from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Maserati GranTurismo.
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. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these coverages are similar to your liability insurance amounts.
Comprehensive or Other Than Collision
This pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like damage from a tornado or hurricane, damage from flooding, damage from getting keyed, rock chips in glass and vandalism. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Medical costs insurance
Coverage for medical payments and/or PIP pay for bills like hospital visits, X-ray expenses, rehabilitation expenses, surgery and ambulance fees. They are used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Liability insurance protects you from damages or injuries you inflict on other’s property or people. This insurance protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see limits of 25/50/25 that translate to $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.
Liability coverage protects against things such as pain and suffering, court costs and funeral expenses. How much coverage you buy is your choice, but buy as high a limit as you can afford.
When buying insurance coverage, make sure you don’t skimp on coverage in order to save money. There have been many situations where an accident victim reduced liability limits or collision coverage only to discover later they didn’t purchase enough coverage. The ultimate goal is to get the best coverage possible at the best price while not skimping on critical coverages.
Throughout this article, we presented many ideas to lower your 2012 Maserati GranTurismo insurance rates. The key concept to understand is the more price quotes you have, the higher the chance of saving money. Consumers may even find the best prices are with a small local company. They may cover specific market segments cheaper compared to the large companies like Allstate or State Farm.
More detailed insurance information can be read in these articles: