Did you come to the realization that you have overpriced insurance? You’re in good company because you are not the only one feeling buyer’s remorse. You have multiple auto insurance companies to choose from, and although it’s a good thing to have a selection, it can be more difficult to compare rates.
Some companies don’t always advertise every policy discount very clearly, so the list below details a few of the more common as well as the least known credits available to bring down your rates.
It’s important to note that most discount credits are not given to all coverage premiums. Most only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like having all the discounts means you get insurance for free, nobody gets a free ride.
Large auto insurance companies and a summarized list of policyholder discounts are:
When comparing rates, check with each company or agent which discounts they offer. Some of the discounts discussed earlier may not apply to policyholders in your area. If you would like to view auto insurance companies with discount auto insurance rates, click here.
There are a lot of ways to shop for insurance, but one way is less labor-intensive and much quicker. You can spend your afternoon talking about coverages with agents in your area, or you could use online quoting to get rates in a matter of minutes.
Most of the larger companies belong to a marketplace that enables customers to complete one form, and each participating company provides a quote based on that information. This system prevents you from having to do quote forms for each company you want a rate for.
To participate in this free quote system, click here to open in new window.
One minor caviat to comparing rates this way is you don’t know exactly which companies you will receive quotes from. So if you prefer to choose specific insurance companies to receive pricing from, we have a page of companies who write insurance in your area. Click here to view list.
It’s your choice how you get your quotes, but do your best to enter exactly the same coverage information for every quote you compare. If your comparisons have different deductibles it’s impossible to get a fair rate comparison.
When buying adequate coverage for your personal vehicles, there really is not a perfect coverage plan. Everyone’s needs are different so your insurance needs to address that. For example, these questions may help you determine if your situation might need professional guidance.
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, complete this form or you can go here for a list of companies in your area. It’s fast, free and you can get the answers you need.
Having a good grasp of insurance can help you determine which coverages you need and the correct deductibles and limits. Insurance terms can be difficult to understand and reading a policy is terribly boring. These are the usual coverages found on most insurance policies.
Collision – This coverage pays to fix your vehicle from damage resulting from colliding with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things such as sideswiping another vehicle, sustaining damage from a pot hole and damaging your car on a curb. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This gives you protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.
Comprehensive auto coverage – Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things like a tree branch falling on your vehicle, hitting a bird, theft and fire damage. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP kick in for immediate expenses such as pain medications, EMT expenses and ambulance fees. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. They cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Auto liability – Liability insurance can cover injuries or damage you cause to other’s property or people that is your fault. This insurance protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.
Liability coverage protects against things such as repair costs for stationary objects, structural damage and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.
When trying to cut insurance costs, it’s very important that you do not sacrifice coverage to reduce premiums. There are many occasions where an accident victim reduced collision coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your aim should be to find the BEST coverage at an affordable rate but still have enough coverage for asset protection.
Throughout this article, we presented some good ideas how to reduce 2011 Chevy Express Cargo insurance rates online. It’s most important to understand that the more companies you get car insurance rates for, the better likelihood of getting cheap insurance. You may be surprised to find that the best price on insurance coverage is with a small mutual company. These companies often have lower car insurance rates on specific markets as compared to the big name companies such as Allstate or State Farm.
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