Feel like you’re a prisoner to an underperforming, overpriced insurance policy? Believe me, many consumers feel financially strained by their insurance policy.
With consumers having so many insurance companies to choose from, it can be diffult for consumers to choose the lowest price provider.
Companies offering auto insurance do not advertise every available discount in a way that’s easy to find, so we break down some of the best known and the more hidden savings tricks you should be using.
Drivers should understand that most credits do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like comp or med pay. So even though they make it sound like adding up those discounts means a free policy, it doesn’t quite work that way.
A partial list of companies that may have these benefits are:
Before buying, ask each company which discounts they offer. Some discounts might not apply everywhere.
Effectively comparing insurance prices is a ton of work if you aren’t aware of the easiest way. You could spend the better part of a day discussing policy coverages with insurance agencies in your area, or you could save time and use online quotes to get rate comparisons in just a few minutes.
Many companies belong to an insurance system that allows shoppers to enter their policy data once, and every company can give them a price for coverage. This system prevents you from having to do quotation requests to each company.
To compare 2015 Chevy Spark rates using this form now click to open in new window.
The only downside to using this type of system is that consumers can’t choose which companies to get quotes from. If you wish to select specific providers to receive pricing from, we have a listing of low cost insurance companies in your area. View list of insurance companies.
It’s up to you which method you use, but double check that you are using the exact same coverage limits and deductibles on every quote you get. If the quotes have different values for each quote it will be impossible to make an equal comparison. Quoting even small variations in coverages may cause a big price difference. Just remember that obtaining a wide range of quotes will improve the odds of getting the best rates.
When buying the best car insurance coverage, there is no best way to insure your cars. Everyone’s situation is unique and a cookie cutter policy won’t apply. Here are some questions about coverages that could help you determine if your situation 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 an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area.
Knowing the specifics of a insurance policy helps when choosing which coverages you need for your vehicles. Insurance terms can be ambiguous and nobody wants to actually read their policy. Listed below are typical coverages available from insurance companies.
Coverage for medical payments
Coverage for medical payments and/or PIP reimburse you for immediate expenses for things like funeral costs, ambulance fees, X-ray expenses and pain medications. The coverages can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover getting struck while a pedestrian. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision can pay for claims such as sustaining damage from a pot hole, colliding with a tree, sideswiping another vehicle, hitting a mailbox and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. It’s also possible to increase the deductible to save money on collision insurance.
Uninsured and underinsured coverage
This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your Chevy Spark.
Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.
This coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things such as a broken windshield, rock chips in glass, hitting a bird, vandalism and a tree branch falling on your vehicle. The most you’ll receive from a claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Liability insurance will cover damage that occurs to a person or their property by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability coverage protects against things like medical services, emergency aid, loss of income and repair costs for stationary objects. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford.
When you buy insurance online, don’t be tempted to sacrifice coverage to reduce premiums. In many instances, consumers will sacrifice liability coverage limits and discovered at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to get the best coverage possible at the best price, not the least amount of coverage.
In this article, we covered many ideas to save on 2015 Chevy Spark insurance. The key concept to understand is the more companies you get rates for, the more likely it is that you will get a better rate. You may be surprised to find that the best prices are with a small local company. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like Progressive and Geico.