Purchasing the lowest cost insurance can seem to be rather difficult for drivers not familiar with comparing prices on the internet. Because there are so many online companies, how can drivers have a chance to compare every possible option in order to find the best pricing?
You should take the time to do price comparisons every six months because insurance prices are rarely the same from one policy term to another. Just because you had the lowest rates for Supra insurance a few years ago a different company probably has better rate quotes today. Forget all the misinformation about insurance because you’re about to find out the fastest way to find great coverage at a great price.
There are multiple methods to shop for auto insurance, but some are easier and takes less work. You can waste hours discussing policy coverages with agents in your area, or you could save time and use the internet to achieve your goal.
The majority of car insurance companies belong to an insurance system where insurance shoppers complete one form, and every company then returns a price quote based on that information. This eliminates the need for repetitive form submissions for every auto insurance company.
To access this free quoting program, click here to start a free quote.
The single downside to using this type of form is you are unable to specify which insurance companies to get quotes from. So if you want to select specific providers to compare prices, we have assembled a list of the cheapest auto insurance companies in your area. Click to view list.
However you get your quotes, try to use nearly identical coverage information for every quote you compare. If you have different data you will not be able to make a fair rate comparison. Having just a slight variation in insurance coverages or limits may cause a big price difference. Keep in mind that quoting more increases your odds of finding a lower rate than you’re paying now. Not every company allows you to get prices over the internet, so it’s important to also get prices from them, too.
Some providers don’t always list every discount they offer in a way that’s easy to find, so the list below gives a summary of some of the more common as well as some of the hidden discounts that may be available. If you do not check that you are getting every discount you qualify for, you could be getting lower rates.
As is typical with insurance, some credits don’t apply to the overall cost of the policy. The majority will only reduce specific coverage prices like comprehensive or collision. So even though it sounds like you could get a free insurance coverage policy, it’s just not the way it works.
Popular insurance coverage companies and some of the discounts are detailed below.
Check with all companies you are considering the best way to save money. Some discounts listed above might not be available to policyholders in your area. To choose insurance coverage companies that provide some of the discounts listed above, follow this link.
When buying proper insurance coverage, there is no “perfect” insurance plan. Your needs are not the same as everyone else’s.
Here are some questions about coverages that may help highlight if your situation would benefit from an agent’s advice.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. To find an agent in your area, complete this form.
Learning about specific coverages of your policy can help you determine the right coverages for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement.
Liability coverages
This can cover injuries or damage you cause to people or other property. It protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits 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. Alternatively, you may have one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability insurance covers things like court costs, pain and suffering, bail bonds and legal defense fees. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance reimburse you for expenses for chiropractic care, X-ray expenses, hospital visits and funeral costs. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay
Collision coverage protection
This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things such as driving through your garage door, crashing into a ditch, scraping a guard rail, colliding with another moving vehicle and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also increase the deductible to bring the cost down.
Comprehensive coverage
This covers damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as damage from flooding, rock chips in glass, vandalism and falling objects. The maximum payout a car insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Uninsured/Underinsured Motorist coverage
This gives you protection when other motorists either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and also any damage incurred to your Toyota Supra.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Normally your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
As you prepare to switch companies, do not buy lower coverage limits just to save a few bucks. In too many instances, an insured dropped full coverage only to regret that the savings was not a smart move. The proper strategy is to find the BEST coverage for the lowest cost, but do not sacrifice coverage to save money.
Budget-friendly insurance coverage can be bought on the web and from local insurance agents, and you should be comparing both to have the best selection. Some insurance providers do not offer the ability to get quotes online and usually these smaller companies only sell through local independent agents.
People switch companies for a variety of reasons including not issuing a premium refund, delays in responding to claim requests, policy cancellation or even unfair underwriting practices. It doesn’t matter why you want to switch finding a new company can be pretty painless.
Additional detailed information is available by following these links: