Feel like you’re a prisoner to an overpriced auto insurance policy? Believe me, there are many consumers feeling the pinch from expensive auto insurance.
With consumers having so many auto insurance companies to choose from, it’s difficult to locate the best insurance company.
You should make it a habit to do rate comparisons once or twice a year because rates are variable and change quite frequently. Just because you had the lowest rates for xB insurance a few years ago the chances are good that you can find a lower rate today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to one of the best ways to properly buy coverages while reducing your premium.
Finding the best rates is easy if you know what you’re doing. In a nutshell, every driver who has to buy insurance coverage will more than likely be able to find lower rates. But consumers must understand the way companies price insurance differently because it can help you find the best coverage.
Companies that sell car insurance don’t always list every available discount very clearly, so the following is a list of both well-publicized as well as the least known savings tricks you should be using.
A little note about advertised discounts, most discounts do not apply the the whole policy. Most cut individual premiums such as physical damage coverage or medical payments. Just because you may think having all the discounts means you get insurance for free, it just doesn’t work that way.
A partial list of companies that may have some of the above discounts include:
Before buying, ask all companies you are considering how you can save money. Some discounts may not apply in your area.
When it comes to choosing coverage, there is no best way to insure your cars. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that might point out whether or not you will benefit from professional help.
If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier
Knowing the specifics of your car insurance policy can help you determine which coverages you need for your vehicles. Policy terminology can be confusing and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average car insurance policy.
This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like hitting a bird, damage from getting keyed, hail damage and fire damage. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Liability auto insurance
This can cover injuries or damage you cause to a person or their property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property.
Liability coverage protects against claims such as structural damage, medical services, legal defense fees, medical expenses and attorney fees. How much coverage you buy is your choice, but consider buying as large an amount as possible.
Collision coverage protection
Collision insurance will pay to fix damage to your xB from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things such as damaging your car on a curb, hitting a mailbox, hitting a parking meter and driving through your garage door. This coverage can be expensive, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.
Coverage for medical payments
Personal Injury Protection (PIP) and medical payments coverage kick in for bills like hospital visits, pain medications and funeral costs. The coverages can be utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states but can be used in place of medical payments coverage
Uninsured and underinsured coverage
This coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Scion xB.
Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked.
As you prepare to switch companies, make sure you don’t skimp on coverage in order to save money. There have been many cases where an insured dropped uninsured motorist or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to get the best coverage possible at an affordable rate, not the least amount of coverage.
We just presented many ways to reduce 2013 Scion xB insurance prices online. The most important thing to understand is the more rate quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the best price on insurance is with a company that doesn’t do a lot of advertising. Some small companies can often provide lower rates in certain areas than the large multi-state companies such as Progressive and GEICO.
Lower-priced insurance can be purchased from both online companies and with local insurance agents, and you need to price shop both in order to have the best chance of saving money. A few companies do not offer online price quotes and most of the time these smaller companies sell through independent agents.
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