Feeling guilty for buying an expensive auto insurance policy? Trust us, there are a lot of people just like you who feel imprisoned by their auto insurance policy.
You have multiple insurers to purchase coverage from, and although it’s nice to have multiple companies, having more insurers makes it harder to compare rates and cut insurance costs.
It’s a good idea to take a look at other company’s rates yearly because auto insurance rates fluctuate regularly. Despite the fact that you may have had the lowest premium rates on Sable coverage a couple years back you may be paying too much now. There is a lot of bad advice regarding auto insurance online, but in a few minutes you can learn the easiest ways to save money.
Insurance can cost an arm and a leg, but you can get discounts to reduce the price significantly. Some of these disounts will be visible at the time of purchase, but less common discounts must be asked about before you will receive the discount. If they aren’t giving you every credit you qualify for, you could be paying more than you need to.
While discounts sound great, it’s important to understand that some of the credits will not apply to your bottom line cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like having all the discounts means you get insurance for free, you aren’t that lucky. Any amount of discount will reduce the cost of your policy.
If you would like to see a list of insurance coverage companies that offer the discounts shown above, click here.
When it comes to choosing coverage for your vehicles, there really is no perfect coverage plan. Every situation is different so your insurance should reflect that These are some specific questions may help you determine whether you would benefit from an agent’s advice.
If you don’t know the answers to these questions but a few of them apply, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.
Well-known insurance companies like Allstate, Geico and Progressive regularly use television and radio advertisements. They all try to convey promises that you’ll save big just by moving to their company. How do they all offer you a better deal?
Most companies quote their cheapest rates for the right customer that earns them a profit. For example, this type of driver could be married and over the age of 30, owns a home, and drives a car with an anti-theft system. A propective insured that meets those criteria will probably get cheap premium rates and as a result will probably save quite a bit of money when switching.
Drivers who do not match the requirements will probably have to pay a higher premium which results in the customer not buying. If you listen closely, the ads state “customers that switch” not “everyone who quotes” save that much money. That’s why companies can make it sound like they have such great car insurance rates. Different companies use different criteria so you really need to compare free auto insurance quotes often. It is just not possible to predict the company that will have the lowest rates for your situation.
Having a good grasp of your insurance policy helps when choosing which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages found on most insurance policies.
Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like EMT expenses, funeral costs and prosthetic devices. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers you and your occupants as well as being hit by a car walking across the street. Personal Injury Protection is not universally available and may carry a deductible
Liability car insurance – Liability insurance provides protection from damage or injury you incur to other people or property in an accident. This coverage protects you from claims by other people, and doesn’t cover your own vehicle damage or injuries.
Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see values of 100/300/100 which stand for a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.
Liability insurance covers claims such as bail bonds, pain and suffering, loss of income, funeral expenses and emergency aid. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea.
Comprehensive coverages – Comprehensive insurance coverage covers damage from a wide range of events other than collision. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims such as theft, hitting a bird, fire damage, a tree branch falling on your vehicle and damage from getting keyed. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Collision – This coverage covers damage to your Sable caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for claims such as backing into a parked car, damaging your car on a curb, driving through your garage door and colliding with another moving vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to raise the deductible to save money on collision insurance.
Low-cost 1993 Mercury Sable insurance can be bought on the web in addition to local insurance agencies, and you should compare price quotes from both in order to have the best price selection to choose from. A few companies may not provide price quotes online and usually these regional insurance providers work with independent agents.
We covered a lot of ways to lower your 1993 Mercury Sable insurance prices. The most important thing to understand is the more rate comparisons you have, the better chance you’ll have of finding cheap auto insurance. You may be surprised to find that the biggest savings come from the least-expected company. Regional companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm and Allstate.
More detailed car insurance information can be found in these articles: