Feel like you’re a prisoner to high-priced car insurance? Believe me when I say many consumers are in the same pinch.
Numerous car insurance companies battle for your insurance dollar, so it can be very hard to choose a insurer and get the best coverage at the best rates possible.
Consumers need to do price comparisons quite often because car insurance prices change quite often. Just because you found the lowest rates for 740 coverage a few years ago there is a good chance you can find better premium rates now. Forget all the misinformation about car insurance because we’re going to show you one of the easiest ways to save money, get proper coverage and the best rates.
Effectively comparing auto insurance prices can take time and effort if you don’t understand the easiest way. You can spend your afternoon driving to insurance agencies in your area, or you could use online quotes to get pricing more quickly.
Most car insurance companies belong to a marketplace that enables customers to enter their policy data once, and every company can give them a price based on that data. This eliminates the need for repetitive form submissions for each company you want a rate for.
To find out what other companies charge click here to open in new window.
The only drawback to getting quotes like this is you cannot specify which providers to get quotes from. If you wish to select individual companies to request quotes from, we put together a list of the cheapest auto insurance companies in your area. Click to view list.
Take whichever approach you prefer, but try to use exactly the same quote data with each company. If you are comparing different limits and deductibles on each one it’s not possible to determine which rate is truly the best. Just a small difference in insurance coverages or limits could throw off the whole comparison. And when price shopping your coverage, comparing more quotes gives you a better chance of getting more affordable rates.
Auto insurance companies don’t necessarily list all possible discounts very clearly, so the list below contains both the well known as well as the least known car insurance savings. If you aren’t receiving every discount available, you are just wasting money.
Please keep in mind that many deductions do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as physical damage coverage or medical payments. Despite the fact that it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.
A few popular companies and a summarized list of policyholder discounts include:
When quoting, ask all companies you are considering how you can save money. All car insurance discounts may not apply to policyholders in your area. If you would like to choose from a list of car insurance companies with discount car insurance rates, click this link.
When buying insurance it’s important to understand some of the factors that are used to determine the price you pay for insurance. When consumers understand what influences your rates, this enables informed choices that can help you get lower rates.
When choosing the right insurance coverage for your vehicles, there is no cookie cutter policy. Everyone’s needs are different and your policy should reflect that. These are some specific questions can help discover whether you might need an agent’s assistance.
If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.
Learning about specific coverages of your car insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and coverage can change by endorsement. These are the usual coverages found on the average car insurance policy.
Liability car insurance – Liability coverage can cover damage or injury you incur to other people or property in an accident. This coverage protects you from legal claims by others, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined limit which limits claims to one amount without having the split limit caps.
Liability coverage protects against claims such as repair costs for stationary objects, medical services, legal defense fees and emergency aid. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive coverages – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage pays for things like hitting a bird, theft, a tree branch falling on your vehicle, hail damage and fire damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
Coverage for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for expenses for chiropractic care, pain medications, rehabilitation expenses, surgery and doctor visits. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Uninsured and underinsured coverage – This protects you and your vehicle when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Most of the time these coverages are set the same as your liablity limits.
Collision – Collision coverage covers damage to your 740 from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things such as rolling your car, hitting a mailbox, sustaining damage from a pot hole and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible to get cheaper collision coverage.
We covered a lot of ways to get a better price on 1991 Volvo 740 insurance. The key thing to remember is the more companies you get prices for, the higher your chance of finding low cost insurance coverage. Consumers may even find the best price on car insurance is with an unexpected company. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like State Farm, Geico and Nationwide.
More affordable car insurance can be bought online as well as from insurance agents, so you need to quote insurance coverage with both to have the best selection. Some companies may not have online quoting and usually these small insurance companies provide coverage only through local independent agencies.