Looking for cheaper insurance coverage rates for your Ford Probe? No one fancies paying their premiums for insurance coverage, especially knowing they could lower their rates if they shopped around.
You have so many insurers to pick from, and although it’s a good thing to have a selection, it makes it harder to find the lowest cost provider.
The best way to find cheaper auto insurance is to take a look at the rating factors that help calculate your policy premiums. When consumers understand what impacts premium levels, this allows you to make educated decisions that will entitle you to better auto insurance rates.
Shown below are just a few of the factors used by companies to determine premiums.
Insuring your fleet can be pricey, but you may find discounts that can dramatically reduce your bill. Certain credits will be shown at quote time, but lesser-known reductions have to be requested specifically before you will receive the discount.
A quick disclaimer, most credits do not apply to the entire policy premium. Most cut the price of certain insurance coverages like comp or med pay. Despite the appearance that you can get free auto insurance, insurance companies wouldn’t stay in business. But any discount should help lower your premiums.
Companies that may include some of the above discounts are:
Before you buy a policy, ask each insurance company to apply every possible discount. Savings might not be offered on policies in your state. If you would like to view providers who offer discounts, click this link.
When it comes to buying the right insurance coverage, there is no “perfect” insurance plan. Every insured’s situation is different so this has to be addressed. For instance, these questions could help you determine whether your personal situation could use an agent’s help.
If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.
Learning about specific coverages of your policy can help you determine which coverages you need and proper limits and deductibles. Car insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages available from car insurance companies.
Liability coverage
Liability insurance will cover damage or injury you incur to other people or property that is your fault. It protects you against claims from other people. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 50/100/50 which stand for $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers things like structural damage, bail bonds and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but buy as high a limit as you can afford.
Collision protection
Collision insurance covers damage to your Probe resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things such as crashing into a building, damaging your car on a curb, backing into a parked car and hitting a parking meter. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to get cheaper collision coverage.
Comprehensive (Other than Collision)
Comprehensive insurance 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 coverage pays for things such as damage from getting keyed, fire damage and a broken windshield. The most a car insurance company will pay at claim time is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Protection from uninsured/underinsured drivers
This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Ford Probe.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Most of the time the UM/UIM limits are similar to your liability insurance amounts.
Medical expense insurance
Med pay and PIP coverage reimburse you for short-term medical expenses for ambulance fees, dental work and EMT expenses. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. PIP is not an option in every state but can be used in place of medical payments coverage
Cheaper 1993 Ford Probe insurance can be found both online and with local insurance agents, so you need to shop insurance with both in order to have the best price selection to choose from. Some insurance companies may not provide price quotes online and many times these smaller companies only sell through independent insurance agencies.
As you restructure your insurance plan, never skimp on critical coverages to save a buck or two. There are many occasions where someone sacrificed collision coverage only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy a smart amount of coverage at the best possible price but still have enough coverage for asset protection.
Much more information about auto insurance is available on the following sites: