Think you have an expensive insurance policy? Don’t feel bad because there are lots of residents who feel the same.
Companies like State Farm, Geico and Farmers Insurance all promote huge savings with catchy ads and it is challenging if not impossible to not get sucked in by the cute commercials and find the best price available.
If you currently have car insurance, you will be able to cut costs considerably using this strategy. Finding affordable coverage is not rocket science. But drivers must know the way insurance companies price online insurance.
Many different elements are considered when premium rates are determined. Some of the criteria are obvious like an MVR report, but others are more transparent such as whether you are married or your commute time.An important part of buying insurance is that you know some of the elements that come into play when calculating your policy premiums. If you understand what determines base rates, this allows you to make educated decisions that can earn you better insurance rates.
Shown below are some of the factors utilized by car insurance companies to help set premiums.
Some companies do not advertise every discount they offer in an easy-to-find place, so the next list breaks down both well-publicized as well as the least known credits available to you.
A quick disclaimer, most discount credits are not given to the entire policy premium. Most only apply to the price of certain insurance coverages like comp or med pay. If you do the math and it seems like all the discounts add up to a free policy, auto insurance companies aren’t that generous.
The best auto insurance companies and some of the premium reductions they offer are outlined below.
If you want affordable car insurance quotes, ask each company or agent which credits you are entitled to. A few discounts may not apply to policies in your area. If you would like to choose from a list of providers who offer auto insurance discounts, click here to view.
When it comes to choosing proper insurance coverage, there really is not a “perfect” insurance plan. Everyone’s situation is a little different and a cookie cutter policy won’t apply. Here are some questions about coverages that can help discover whether your personal situation would benefit from an agent’s advice.
If you can’t answer these questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or you can go here for a list of companies in your area.
Understanding the coverages of car insurance can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be difficult to understand and coverage can change by endorsement. These are typical coverage types found on the average car insurance policy.
This will cover damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 that translate to a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000. Alternatively, you may have one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.
Liability insurance covers claims such as structural damage, medical expenses and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase as much as you can afford.
Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries and damage to your Kia Sedona.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages do not exceed the liability coverage limits.
Coverage for medical payments and/or PIP reimburse you for immediate expenses for pain medications, hospital visits, funeral costs and X-ray expenses. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims such as sustaining damage from a pot hole, damaging your car on a curb, driving through your garage door, scraping a guard rail and rolling your car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Comprehensive insurance covers 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 vandalism, a broken windshield and damage from a tornado or hurricane. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
We covered a lot of information how to reduce 2002 Kia Sedona insurance rates online. It’s most important to understand that the more quotes you get, the higher the chance of saving money. You may even find the best rates are with a small mutual company. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like Progressive and Geico.
Discount 2002 Kia Sedona insurance can be bought on the web as well as from independent agents, and you should be comparing both so you have a total pricing picture. There are still a few companies who don’t offer online price quotes and usually these smaller providers sell through local independent agents.
More detailed insurance information is available in these articles: