Feeling guilty for buying an overpriced car insurance policy? Say no more because many drivers feel the same as you.
Multiple insurance companies compete for your insurance dollar, so it can be very hard to choose a company and get the best coverage at the best rates possible.
Some insurers don’t list every discount in a way that’s easy to find, so the following is a list of both the well known and also the lesser-known discounts that you may qualify for.
Remember that some credits don’t apply to the entire cost. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, you’re out of luck.
To see providers with the best discounts, follow this link.
Comparing insurance rates can take time and effort if you don’t utilize the most efficient way. You could waste a few hours talking about coverages with local insurance agents in your area, or you could use online quotes to get pricing more quickly.
Most of the larger companies participate in a marketplace that allows shoppers to enter their policy data once, and at least one company returns a rated price for coverage. This saves time by eliminating quote requests for each company you want a rate for.
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The only downside to comparing rates this way is you can’t choose which companies you will receive quotes from. So if you prefer to pick specific insurance companies to receive pricing from, we have a listing of insurance companies in your area. Click to view list.
Compare rates however you want, just do your best to use nearly identical deductibles and coverage limits for each quote you get. If the quotes have different limits and deductibles on each one it’s impossible to find the best deal for your Ford Explorer. Slightly different limits may result in a large different in cost. And when price shopping your coverage, quoting more helps increase your odds of locating a lower rate. Not every company does prices over the internet, so it’s important to compare price quotes on coverage from those companies, too.
When it comes to buying the right insurance coverage for your personal vehicles, there is no one size fits all plan. Every situation is different so this has to be addressed. For example, these questions might help in determining whether or not you might need an agent’s assistance.
If you’re not sure about those questions then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.
Knowing the specifics of insurance can be of help when determining the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.
Collision coverage will pay to fix damage to your Explorer caused by collision with an object or car. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things like colliding with a tree, hitting a parking meter, driving through your garage door, sideswiping another vehicle and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also increase the deductible to get cheaper collision coverage.
This pays to fix your vehicle from 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 can pay for things like fire damage, vandalism and a broken windshield. The maximum amount you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
This coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries as well as damage to your Ford Explorer.
Due to the fact that many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is very important.
Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills for things like EMT expenses, X-ray expenses and chiropractic care. They are often used to fill the gap from your health insurance plan or if you lack health insurance entirely. Coverage applies to you and your occupants in addition to getting struck while a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
This coverage can cover injuries or damage you cause to other people or property that is your fault. 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 limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability coverage pays for things like pain and suffering, structural damage and medical expenses. How much liability coverage do you need? That is a personal decision, but buy higher limits if possible.
More affordable insurance coverage can be found from both online companies and with local insurance agents, so you need to quote auto insurance with both to have the best selection. Some insurance coverage companies do not offer online quoting and many times these regional carriers only sell coverage through local independent agencies.
As you prepare to switch companies, make sure you don’t buy less coverage just to save a little money. In many instances, an insured dropped liability limits or collision coverage only to regret at claim time that they should have had better coverage. The proper strategy is to buy enough coverage at an affordable rate, but do not sacrifice coverage to save money.
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