Having to pay for expensive insurance can stress out your checking account and force you to make tough financial choices. Shopping your coverage around is recommended to lower your monthly bill.
Online insurance companies like State Farm, Geico and Farmers Insurance all claim big savings, bombarding you with TV and radio ads and it is challenging if not impossible to sift through the bull and take the time to shop coverage around.
Auto insurance can be pricey, but companies offer discounts to cut the cost considerably. Some of these disounts will be visible at the time of purchase, but some need to be specially asked for before they will apply.
Policy discounts save money, but most of the big mark downs will not be given to all coverage premiums. Most only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like adding up those discounts means a free policy, you aren’t that lucky. But all discounts should help reduce your auto insurance premiums.
Popular auto insurance companies and some of their more popular discounts include:
If you need inexpensive auto insurance quotes, ask every insurance company how you can save money. A few discounts may not be offered in your state.
Geico, State Farm and Progressive regularly use ads on television and other media. They all seem to make the point that you’ll save big if you just switch your coverage to them. How is it possible that every company can offer you a better deal? Here is how they do it.
Different companies have a certain “appetite” for the type of driver that will be a good risk. One example of a desirable insured may be between the ages of 30 and 50, has a low-risk occupation, and the vehicle is rated for pleasure use. Any person who fits those characteristics gets the lowest prices and is almost guaranteed to cut their rates substantially.
Potential customers who do not fit these stringent criteria will probably be forced to pay a higher premium which translates to business not being written. The ads say “people that switch” not “everybody who quotes” save that much money. That’s the way companies can truthfully lure you into getting a quote.
Because of this risk profiling, you really should compare quotes as often as possible. It’s just too difficult to predict which insurance coverage company will fit you best based on your risk profile.
When it comes to choosing coverage, there really is no cookie cutter policy. Every situation is different and a cookie cutter policy won’t apply. For instance, these questions can help discover if your insurance needs might need professional guidance.
If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
Knowing the specifics of car insurance aids in choosing appropriate coverage and proper limits and deductibles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Shown next are the usual coverages available from car insurance companies.
Auto liability insurance
Liability coverage will cover injuries or damage you cause to a person or their property by causing an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one number which is a combined single limit which limits claims to one amount without having the split limit caps.
Liability can pay for things like repair bills for other people’s vehicles, pain and suffering and loss of income. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like pain medications, hospital visits and chiropractic care. They are used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not available in all states but can be used in place of medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. Covered losses include injuries to you and your family as well as your vehicle’s damage.
Because many people only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are identical to your policy’s liability coverage.
Comprehensive auto coverage
Comprehensive insurance will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims like falling objects, damage from a tornado or hurricane and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Collision coverage protection
Collision coverage will pay to fix damage to your CR-V resulting from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as driving through your garage door, backing into a parked car, crashing into a ditch and colliding with a tree. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.
Throughout this article, we presented many ways to get a better price on 1997 Honda CR-V insurance. The most important thing to understand is the more providers you compare, the better your comparison will be. Consumers could even find that the lowest prices are with a small local company. They can often provide lower rates in certain areas than their larger competitors like State Farm, Geico and Nationwide.
Cheap 1997 Honda CR-V insurance can be found both online in addition to many insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance providers do not offer online quoting and these small, regional companies only sell coverage through local independent agencies.