Have you fallen victim to an overpriced auto insurance policy? Believe me when I say many drivers feel the same as you.
Popular companies such as Geico, Progressive and Allstate all claim big savings with catchy ads and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.
It’s important to compare rates yearly since rates are constantly changing. Just because you had the best premium rates on Prizm coverage a few years ago you can probably find a lower rate today. Block out anything you think you know about auto insurance because I’m going to teach you the tricks you need to know to reduce your cost while increasing coverage.
If you have car insurance now, you stand a good chance to be able to cut costs considerably using these methods. Choosing the best insurance company for you is not rocket science. But consumers should learn how companies market on the web and apply this information to your search.
The easiest way to get rate comparisons is to know most larger insurance companies pay for the opportunity to provide you with a free rate quote. The only thing you need to do is give them rating details such as your education level, coverage limits, an estimate of your credit level, and whether your vehicle is owned or leased. Your information is instantly provided to multiple companies and they return quotes very quickly.
To get price quotes for your 2001 Chevy Prizm now, click here and complete the form.
Companies that sell car insurance don’t always list all disounts very well, so we break down both the well known and also the more inconspicuous discounts that may be available.
Discounts lower rates, but some of the credits will not apply to the entire policy premium. Most cut specific coverage prices like liability and collision coverage. Just because you may think you could get a free car insurance policy, car insurance companies aren’t that generous.
Insurance companies that have many of the previously listed discounts are:
When quoting, ask all the companies which discounts can lower your rates. Depending on the company, some discounts may not be available in your area. If you would like to choose from a list of providers who offer discounts, click here.
When it comes to buying the right insurance coverage for your personal vehicles, there really is not a best way to insure your cars. Everyone’s situation is a little different so this has to be addressed. For example, these questions might point out if your situation might need an agent’s assistance.
If you can’t answer these questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Having a good grasp of your policy can be of help when determining which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find typical coverages offered by insurance companies.
Collision insurance
Collision insurance covers damage to your Prizm resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things like sideswiping another vehicle, backing into a parked car, hitting a mailbox and crashing into a building. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.
Comprehensive auto coverage
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive can pay for claims such as hail damage, a broken windshield, falling objects, damage from a tornado or hurricane and hitting a deer. The most you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This gives you protection from other motorists when they do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Liability auto insurance
This provides protection from damage that occurs to other’s property or people in an accident. This coverage protects you from claims by other people, and does not provide coverage for your injuries or vehicle damage.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.
Liability insurance covers things like repair costs for stationary objects, repair bills for other people’s vehicles, court costs, medical expenses and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Medical payments and PIP coverage
Med pay and PIP coverage reimburse you for bills for surgery, X-ray expenses and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay