I can’t think of anyone who likes paying for insurance coverage, particularly when they are paying too much. Companies like Geico, 21st Century and Progressive constantly blast consumers with ad campaigns and it is challenging if not impossible to not get sucked in by the cute commercials and find the best price available.
If you have insurance now or need a new policy, you can follow these tips to reduce the price you pay while maximizing coverage. Buying car insurance is not rocket science. Drivers only need an understanding of how to find the lowest price online.
The most recommended method to compare car insurance rates is to take advantage of the fact all the major auto insurance companies pay for the opportunity to compare rate quotes. To begin a comparison, all you need to do is provide the companies a bit of rating information like how much school you completed, how old drivers are, the make and model of your vehicles, and level of coverage desired. Those rating factors is instantly provided to many different companies and you will get price comparisons instantly to find the best rate.
If you would like to compare rates now, click here and find out if you can get cheaper insurance.
When it comes to buying proper insurance coverage for your personal vehicles, there really is not a perfect coverage plan. Your needs are not the same as everyone else’s so your insurance should reflect that For example, these questions may help you determine if you will benefit from professional help.
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an insurance agent. If you want to speak to an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and may give you better protection.
Having a good grasp of a car insurance policy aids in choosing which coverages you need for your vehicles. Policy terminology can be ambiguous and nobody wants to actually read their policy. Shown next are typical coverage types offered by car insurance companies.
Liability insurance
Liability coverage can cover damage that occurs to other people or property. It protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Some companies may use one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage protects against things such as structural damage, repair costs for stationary objects, court costs and medical services. How much liability coverage do you need? That is a personal decision, but you should buy as large an amount as possible.
Comprehensive or Other Than Collision
This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like hitting a deer, a tree branch falling on your vehicle, damage from getting keyed, a broken windshield and damage from flooding. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Collision coverage protection
Collision insurance covers damage to your S-15 Jimmy from colliding with another car or object. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims such as sustaining damage from a pot hole, colliding with a tree, crashing into a ditch, crashing into a building and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.
UM/UIM Coverage
Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your 2000 GMC S-15 Jimmy.
Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Normally these limits are set the same as your liablity limits.
Medical costs insurance
Med pay and PIP coverage reimburse you for immediate expenses like funeral costs, rehabilitation expenses, chiropractic care and dental work. The coverages can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. PIP is not available in all states but it provides additional coverages not offered by medical payments coverage