Have you had enough of trying to scrape together enough money each month for car insurance? You’re in the same situation as most other car owners. Many car insurance companies vie to insure your vehicles, and because of this it can be hard to compare insurance companies and get the definite lowest rate
Companies offering auto insurance do not list every discount in a way that’s easy to find, so the following is a list of some of the more common and the harder-to-find ways to save on insurance coverage. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.
Consumers should know that most of the big mark downs will not be given the the whole policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like you could get a free insurance coverage policy, it doesn’t quite work that way.
Car insurance companies that may offer some of the above discounts are:
Check with every prospective company which discounts you may be entitled to. Some discounts may not apply in your state.
When it comes to buying coverage for your personal vehicles, there really is no “best” method to buy coverage. Everyone’s needs are different and a cookie cutter policy won’t apply. For example, these questions may help you determine if you might need an agent’s assistance.
If you’re not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies. It only takes a few minutes and can help protect your family.
Drivers can’t ignore all the ads that promise big savings from the likes of State Farm and Allstate. All the companies say the same thing of big savings if you switch your coverage to them.
How does each company say the same thing? It’s all in the numbers.
All the different companies have a certain “appetite” for the right customer that earns them a profit. For example, a desirable insured might be a mature driver, owns a home, and has a short commute. A driver who meets those qualifications will qualify for the lowest rates and most likely will cut their rates substantially.
Consumers who are not a match for the “perfect” profile must pay higher rates which leads to the driver buying from a lower-cost company. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. That is how insurance companies can advertise the savings. This illustrates why you absolutely need to get as many comparisons as possible. It’s impossible to know which insurance companies will fit your personal profile best.
Knowing the specifics of insurance helps when choosing the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are typical coverages found on the average insurance policy.
Insurance for medical payments
Med pay and PIP coverage pay for expenses for things like EMT expenses, doctor visits, nursing services and pain medications. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage
Collision coverage will pay to fix damage to your Durango resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision insurance covers claims like damaging your car on a curb, crashing into a building and sideswiping another vehicle. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. You can also increase the deductible to bring the cost down.
Comprehensive coverage (or Other than Collision)
This 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 can pay for things such as rock chips in glass, hitting a deer, hail damage and vandalism. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Uninsured Motorist or Underinsured Motorist insurance
This protects you and your vehicle’s occupants from other motorists when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Since 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 important protection for you and your family.
This coverage can cover damage or injury you incur to people or other property in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 which means $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery.
Liability insurance covers claims like structural damage, repair costs for stationary objects, repair bills for other people’s vehicles and emergency aid. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford.
When shopping online for insurance, make sure you don’t skimp on coverage in order to save money. There have been many situations where someone dropped uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible at a price you can afford.
We just covered a lot of tips how to save on 2015 Dodge Durango insurance. The most important thing to understand is the more companies you get rates for, the better likelihood of reducing your rate. Drivers may discover the best price on insurance is with some of the lesser-known companies. Some small companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm and Allstate.
Budget-conscious insurance can be sourced both online in addition to many insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies do not provide you the ability to get quotes online and these small insurance companies work with independent agents.