Are you a victim of an underperforming, overpriced auto insurance policy? Trust us, there are many people just like you. You have multiple car insurance companies to insure vehicles with, and though it is a good thing to have a selection, it can be more difficult to adequately compare rates.
It’s important that you understand some of the elements that play a part in calculating your insurance rates. Knowing what impacts premium levels enables informed choices that can help you get much lower annual insurance costs.
Shown below are a partial list of the pieces insurance companies consider when setting your rates.
Most major insurance companies such as Allstate, GEICO and Progressive give insurance quotes on their websites. Obtaining pricing is fairly straightforward as you just type in your required coverages into a form. Once entered, the company’s rating system pulls your driving and credit reports and returns pricing information. Being able to quote online helps simplify price comparisons, but the time required to go to multiple sites and type in the same information is repetitive and time-consuming. But it is imperative to have as many quotes as possible if you want to find better insurance pricing.
The easiest way to get multiple rate quotes uses one form that analyzes rates from several different companies. It’s a real time-saver, reduces the work, and makes online quotes much more enjoyable. After your information is entered, it is rated and you can choose any or none of the pricing results. If a lower price is quoted, you can simply submit the application and purchase the new policy. This process takes 15 minutes at the most and could lower your rates considerably.
To compare rates now, simply click here to open in new window and complete the simple form. If you have your current policy handy, we recommend that you enter the limits and deductibles exactly as they are listed on your policy. Using the same limits helps guarantee you will be getting comparison quotes for exact coverage.
Drivers get pounded daily by advertisements that promise big savings by companies like Allstate, GEICO and Progressive. All the ads say the same thing about savings if you move to them.
How do they all say the same thing? This is how they do it.
All companies can use profiling for the right customer that earns them a profit. A good example of a preferred risk could be between the ages of 40 and 55, is a homeowner, and has a short commute. Any new insured who matches those parameters will get the preferred rates and as a result will probably pay quite a bit less when switching companies.
Consumers who don’t measure up to these standards will be charged higher prices which usually ends up with business going elsewhere. The ads state “people who switch” not “everybody who quotes” save that much. That is how companies can truthfully state the savings. That is why it’s extremely important to get as many comparisons as possible. It’s impossible to know which insurance companies will fit your personal profile best.
Auto insurance companies don’t list every discount in an easy-to-find place, so here is a list both well-publicized and the harder-to-find savings tricks you should be using. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.
A little note about advertised discounts, most discounts do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like liability, collision or medical payments. So when it seems like all the discounts add up to a free policy, it just doesn’t work that way.
To see a list of insurers with discount insurance rates, click here.
When it comes to buying coverage, there is no best way to insure your cars. Every insured’s situation is different so this has to be addressed. For instance, these questions can help discover if your insurance needs might need an agent’s assistance.
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Having a good grasp of your auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. These are typical coverage types offered by auto insurance companies.
Collision coverage pays for damage to your Accord Hybrid resulting from colliding with another car or object. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for things such as crashing into a ditch, hitting a mailbox and backing into a parked car. This coverage can be expensive, so consider dropping it from lower value vehicles. It’s also possible to bump up the deductible to bring the cost down.
Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims like a broken windshield, vandalism and falling objects. The maximum payout a auto 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.
Med pay and PIP coverage pay for bills for EMT expenses, hospital visits, chiropractic care and ambulance fees. They are used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
This coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your Honda Accord Hybrid.
Due to the fact that many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.
Liability coverage can cover injuries or damage you cause to other’s property or people. It protects you against other people’s claims, 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 commonly see policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property.
Liability coverage protects against claims such as pain and suffering, emergency aid, loss of income and medical expenses. The amount of liability coverage you purchase is your choice, but consider buying as high a limit as you can afford.
Cheaper 2014 Honda Accord Hybrid insurance can be bought online and also from your neighborhood agents, so you should compare both in order to have the best price selection to choose from. Some insurance providers may not provide online quoting and most of the time these small, regional companies sell through independent agents.
As you prepare to switch companies, make sure you don’t sacrifice coverage to reduce premiums. There are many occasions where an accident victim reduced uninsured motorist or liability limits and found out when filing a claim that they should have had better coverage. Your strategy should be to purchase a proper amount of coverage at the best price.
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