Did you make the mistake of buying an overpriced insurance policy? Believe me when I say there are many consumers feeling the pinch from expensive insurance. Consumers have many insurers to insure vehicles with, and although it’s nice to have a selection, too many choices makes it more difficult to get the best deal.
Buying the lowest cost protection is not that difficult. If you are insured now or need a new policy, you can follow these tips to shop for the lowest rates while maintaining coverages. Drivers just need to learn the proper way to compare rates online.
Smart consumers have a good feel for some of the factors that are used to determine your policy premiums. If you have a feel for what determines base rates, this allows you to make good choices that may reward you with lower insurance coverage prices. Many factors are used when you get your auto insurance bill. Some of the criteria are obvious such as your driving record, but other factors are more obscure like where you live or how safe your car is.
Shown below are some of the most common factors companies use to determine your rate level.
Getting low cost 2002 Dodge Intrepid insurance pricing doesn’t have to be difficult. Just spend a few minutes comparing rates from some recommended companies. Insurance prices can be quoted in just a few minutes using one of these methods.
Compare rates however you want, just ensure you are comparing the exact same deductibles and coverage limits with every price quote. If you compare higher or lower deductibles you can’t possibly make a fair rate comparison.
Consumers can’t get away from all the ads for the lowest price insurance coverage by 21st Century, Allstate and State Farm. All the ads state the claim that people will save if you change to their company.
It sounds good, but how can they all make the same claim? It’s all in the numbers.
All the different companies have specific characteristics for the right customer that is profitable for them. A good example of this type of driver could be over the age of 35, has a low-risk occupation, and drives less than 7,500 miles a year. A customer getting a price quote that hits that “sweet spot” will probably get the lowest rates and as a result will probably save if they switch.
Drivers who cannot meet this stringent profile will be quoted a higher premium which usually ends up with the customer buying from someone else. The trick is to say “people who switch” not “everybody who quotes” save that much. That’s why insurance companies can make claims that they all have the best prices.
This emphasizes why drivers should get insurance coverage quotes from several different companies. It is impossible to predict the company that will have the lowest premium rates for your situation.
Some insurance providers don’t always list the entire discount list very well, so here is a list some of the best known in addition to some of the lesser obvious savings tricks you should be using when you buy insurance coverage online.
Please keep in mind that most of the big mark downs will not be given the the whole policy. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like adding up those discounts means a free policy, it just doesn’t work that way.
If you would like to view companies who offer discounts, follow this link.
When choosing coverage, there really is no perfect coverage plan. Each situation is unique and a cookie cutter policy won’t apply. For instance, these questions might point out if your situation might need professional guidance.
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 agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area. It only takes a few minutes and may give you better protection.
Knowing the specifics of insurance aids in choosing which coverages you need and the correct deductibles and limits. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on most insurance policies.
Comprehensive insurance coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for things such as rock chips in glass, hitting a deer and hail damage. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
This pays for damage to your Intrepid resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers things such as colliding with a tree, driving through your garage door and damaging your car on a curb. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to bump up the deductible to get cheaper collision coverage.
Liability insurance will cover damage or injury you incur to a person or their property. This insurance protects YOU from legal claims by others. It does not cover your injuries or vehicle damage.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.
Liability insurance covers claims like medical expenses, court costs and legal defense fees. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible.
Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses for things like pain medications, hospital visits, rehabilitation expenses, doctor visits and X-ray expenses. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to if you are hit as a while walking down the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as damage to your Dodge Intrepid.
Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked. Most of the time these coverages do not exceed the liability coverage limits.
Lower-priced 2002 Dodge Intrepid insurance can be purchased on the web and also from your neighborhood agents, so you need to shop insurance coverage with both to have the best chance of lowering rates. Some auto insurance companies may not offer online rate quotes and most of the time these regional insurance providers provide coverage only through independent agencies.
When shopping online for auto insurance, you should never sacrifice coverage to reduce premiums. There are too many instances where an insured cut full coverage and discovered at claim time that the few dollars in savings costed them thousands. The ultimate goal is to buy the best coverage you can find at the best price, but don’t skip important coverages to save money.
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