Pretty sure you bought high-priced insurance coverage? Don’t feel bad because you’re not the only one.
Because you have many online and local companies to choose from, it is hard for the average consumer to choose the cheapest insurer.
It’s a good idea to take a look at other company’s rates periodically because prices tend to go up over time. Just because you had the best deal for Taurus insurance a year ago you will most likely find a better rate quote today. There are lots of tips to save on insurance coverage online but in just a couple of minutes you can learn a lot of great tips on how to reduce your insurance coverage bill.
There are several ways to shop for auto insurance, but some are less labor-intensive and much quicker. You can waste a few hours (or days) driving to local insurance agents in your area, or you could use the internet to get the quickest rates.
All the larger companies take part in a program that enables customers to submit their information once, and each participating company can provide price quotes determined by their information. This saves time by eliminating quote requests to every company.
To fill out one form to compare multiple rates now click here to open in new window.
The only drawback to comparing rates this way is you cannot specify which insurance companies to get quotes from. If you prefer to choose specific providers to compare, we have assembled a list of companies who write auto insurance in your area. Click here for list of insurance companies.
Which method you use is up to you, but ensure you’re using apples-to-apples coverage data with every price quote. If you have different liability limits it will be very difficult to determine the lowest rate for your Ford Taurus. Having just a slight variation in coverages can result in a big premium difference. Keep in mind that making a lot of price comparisons will improve the odds of getting the best offered rates. Some insurance companies are not set up to provide price estimates online, so it’s necessary to compare prices from them, too.
Not many people think insurance is cheap, but you may qualify for discounts that you may not even know about. Larger premium reductions will be automatically applied at the time you complete a quote, but some must be specifically requested before you will receive the discount.
As a disclaimer on discounts, most discount credits are not given the the whole policy. Most only reduce individual premiums such as collision or personal injury protection. If you do the math and it seems like you can get free auto insurance, you’re out of luck.
A few of the larger companies and a summarized list of policyholder discounts are:
When comparing rates, check with each company or agent to give you their best rates. All car insurance discounts might not apply everywhere. To locate insurance companies that offer multiple discounts, click here.
When it comes to choosing coverage for your vehicles, there is no “perfect” insurance plan. Each situation is unique and your policy should reflect that. These are some specific questions can help discover if you might need an agent’s assistance.
If you can’t answer these questions but a few of them apply, then you may want to think about talking to a licensed agent. If you don’t have a local agent, complete this form or you can also visit this page to select a carrier
Having a good grasp of your policy helps when choosing the right coverages and proper limits and deductibles. Insurance terms can be confusing and reading a policy is terribly boring. Below you’ll find typical coverage types available from insurance companies.
Liability – This protects you from injuries or damage you cause to a person or their property by causing an accident. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability can pay for claims such as funeral expenses, repair costs for stationary objects and attorney fees. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Medical payments and PIP coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for pain medications, EMT expenses, rehabilitation expenses and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your 1993 Ford Taurus.
Since many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
Collision – Collision coverage will pay to fix damage to your Taurus resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers claims such as colliding with a tree, colliding with another moving vehicle, crashing into a building and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.
Comprehensive auto coverage – Comprehensive insurance pays for damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things like damage from getting keyed, vandalism and a broken windshield. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Some insurance companies may not provide price quotes online and these smaller providers sell through independent agencies. The cheapest 1993 Ford Taurus insurance can be found from both online companies and also from your neighborhood agents, and you need to comparison shop both to get a complete price analysis.
When buying insurance coverage, never reduce coverage to reduce premium. There are many occasions where someone sacrificed liability limits or collision coverage and found out when filing a claim that it was a big error on their part. Your goal is to get the best coverage possible at the best cost and still be able to protect your assets.
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