Do you get exhausted from scraping the payment together to pay high auto insurance rates every month? You are in the same boat as most other vehicle owners.
You have multiple insurers to choose from, and even though it’s nice to have a selection, lots of choices makes it harder to locate the cheapest rates.
Lots of factors are taken into consideration when premium rates are determined. Some of the criteria are obvious such as traffic violations, although some other factors are more obscure like your vehicle usage or how safe your car is.
Some insurers don’t always publicize all possible discounts in an easy-to-find place, so the following is a list of a few of the more well known and also the more inconspicuous car insurance savings.
As is typical with insurance, most of the big mark downs will not be given to your bottom line cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Despite the appearance that you would end up receiving a 100% discount, it just doesn’t work that way.
Popular car insurance companies and some of their more popular discounts are included below.
If you need affordable auto insurance quotes, ask every insurance company what discounts are available to you. Some discounts listed above may not apply to policyholders in your state. To find companies with significant discounts, click here.
When it comes to buying adequate coverage, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s so your insurance should reflect that For instance, these questions might point out whether or not you would benefit from professional advice.
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. If you don’t have a local agent, complete this form or go to this page to view a list of companies.
Learning about specific coverages of insurance can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Shown next are typical coverages available from insurance companies.
Uninsured or underinsured coverage – This protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Because many people 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. Most of the time your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Medical expense coverage – Medical payments and Personal Injury Protection insurance kick in for expenses for nursing services, chiropractic care, prosthetic devices, doctor visits and funeral costs. They can be utilized in addition to your health insurance plan or if you do not have health coverage. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay
Liability insurance – Liability insurance protects you from injuries or damage you cause to people or other 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 for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show liability limits of 25/50/25 that means you have $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.
Liability coverage pays for claims such as repair costs for stationary objects, court costs, funeral expenses and pain and suffering. How much coverage you buy is up to you, but you should buy as high a limit as you can afford.
Collision – This coverage will pay to fix damage to your Boxster resulting from colliding with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as rolling your car, driving through your garage door and scraping a guard rail. Paying for collision coverage can be pricey, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.
Comprehensive protection – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims such as hitting a bird, damage from a tornado or hurricane and a broken windshield. The most a insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.
You just learned some good ideas how to reduce 1999 Porsche Boxster insurance premium rates online. The most important thing to understand is the more times you quote, the better chance you’ll have of finding low cost auto insurance. You may be surprised to find that the lowest priced car insurance comes from a company that doesn’t do a lot of advertising. They can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.
When trying to cut insurance costs, never buy lower coverage limits just to save a few bucks. In too many instances, consumers will sacrifice uninsured motorist or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. Your objective should be to find the BEST coverage at a price you can afford and still be able to protect your assets.
Additional car insurance information can be read on the following sites: