Pretty sure you bought high-priced auto insurance? Don’t feel bad because there are lots of people in the same boat.
Online insurance companies like Progressive, Geico and Farmers Insurance continually bombard you with TV and radio ads and it can be hard to see through the cute green geckos and mayhem and take the time to shop coverage around.
If you currently have a car insurance policy, you should be able to reduce your rates substantially using this strategy. Finding the best rates is not that difficult. But car owners benefit from understanding the way insurance companies price online insurance and take advantage of how the system works.
The quickest method we recommend to compare insurance rates from multiple companies is to understand most larger insurance companies will pay a fee to give rate comparisons. To start a quote, the only thing you need to do is provide a little information like deductibles desired, driver ages, your education level, and whether your vehicle is owned or leased. Your rating data is then sent to insurance carriers in your area and they provide comparison quotes instantly.
To start a rate quote now, click here and see if a lower rate is available.
Insuring your fleet can be pricey, but there’s a good chance there are discounts that could help you make your next renewal payment. Many of these discounts will be applied automatically at the time of purchase, but some need to be manually applied before you get the savings.
Remember that some of the credits will not apply to the entire policy premium. Some only reduce individual premiums such as liability, collision or medical payments. So even though it sounds like it’s possible to get free car insurance, insurance companies wouldn’t stay in business. But any discount will positively reduce your insurance coverage premiums.
Large insurance coverage companies and some of the premium reductions they offer are outlined below.
Before buying, ask every prospective company which credits you are entitled to. Discounts may not apply to policyholders in your area. To find insurance companies who offer cheap insurance coverage quotes, click here.
Lots of factors are used when quoting car insurance. Some are pretty understandable such as your driving record, but other criteria are not as apparent like where you live or your vehicle rating.
The itemized list below are some of the items companies use to determine prices.
When choosing coverage, there isn’t really a one size fits all plan. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions may help highlight if your insurance needs will benefit from professional help.
If you’re not sure about those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form or you can go here for a list of companies in your area.
Knowing the specifics of your car insurance policy can help you determine the best coverages and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. These are typical coverage types offered by car insurance companies.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for claims such as rock chips in glass, a broken windshield, hitting a bird, hail damage and damage from flooding. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance
This coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Usually the UM/UIM limits do not exceed the liability coverage limits.
Liability car insurance
This protects you from damage that occurs to people or other property in an accident. It protects you from claims by other people. It does not cover your own vehicle damage or injuries.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 100/300/100 which means a limit of $100,000 per injured person, $300,000 for the entire accident, and a limit of $100,000 paid for damaged property. Alternatively, you may have a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against claims like repair costs for stationary objects, attorney fees, emergency aid and medical services. How much liability should you purchase? That is up to you, but buy as high a limit as you can afford.
Collision insurance
This coverage will pay to fix damage to your Cougar from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as hitting a parking meter, crashing into a building, colliding with another moving vehicle and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.
Insurance for medical payments
Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for chiropractic care, EMT expenses, hospital visits and pain medications. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage
Budget-conscious 2001 Mercury Cougar insurance can be purchased online as well as from independent agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who do not offer price quotes online and these small, regional companies only sell through independent agencies.
In this article, we presented a lot of techniques to lower your 2001 Mercury Cougar insurance auto insurance rates. It’s most important to understand that the more companies you get premium rates for, the more likely it is that you will get a better rate. You may even find the best price on car insurance is with the smaller companies. These smaller insurers can often insure niche markets at a lower cost than their larger competitors like Allstate and Progressive.