Being forced to pay for pricey insurance coverage premiums can deplete your budget and make it hard to pay other bills. Doing a price comparison is a smart way to tighten up your finances.
Companies like State Farm, Allstate, Geico and Progressive persitently shower you with ads and consumers find it hard to avoid their marketing magic and do the work needed to find the best deal.
Insuring your fleet can be pricey, but there’s a good chance there are discounts that can help lower your rates. Certain discounts will be applied at the time you complete a quote, but a few must be manually applied before you get the savings.
As is typical with insurance, some credits don’t apply to your bottom line cost. The majority will only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, it’s just not the way it works. Any qualifying discounts will reduce the cost of your policy.
To locate insurance companies that offer the discounts shown above, click here to view.
Comparing insurance rates can be challenging if you don’t understand the easiest way. You can spend your afternoon discussing policy coverages with local insurance agents in your area, or you can utilize the internet to get prices fast.
Many popular insurance companies belong to an insurance system that enables customers to enter their policy data once, and at least one company returns a rated price. This prevents consumers from doing quotation requests to each individual insurance company.
To compare rates now click here to open in new window.
The one downside to using this type of form is you can’t choose the providers to get pricing from. So if you want to select individual companies to compare, we have a listing of insurance companies in your area. View list of insurance companies.
It’s your choice how you get your quotes, but do your best to use identical quote information with each company. If each company quotes different data then you won’t be able to make an equal comparison. Quoting even small variations in limits may cause a big price difference. It’s important to know that comparing a wide range of rates will increase your chances of finding lower pricing. Not every company allows you to get online quotes, so you also need to get quotes from them, too.
When buying proper insurance coverage, there is no perfect coverage plan. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight whether your personal situation will benefit from professional help.
If you can’t answer these questions, you might consider talking to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.
Well-known insurance companies like 21st Century, Allstate and State Farm endlessly run ads in print and on television. They all say the same thing that drivers can save some big amount just by switching to their company. Is it even possible that every company can have lower policy pricing? Here is how they do it.
Insurance providers have strict underwriting profiles for a prospective insured that will be a good risk. A good example of a profitable risk profile might have to be over the age of 50, has never had a policy lapse, and has excellent credit. Any person that meets those criteria will get low car insurance rates and will most likely save when switching.
People who fall outside the ideal profile will probably be forced to pay a higher premium which results in the customer buying from a different company. The ads say “customers who switch” but not “everyone who gets a quote” save the amount stated. This is how companies can lure you into getting a quote.
Because of the profiling, you absolutely need to get as many free car insurance quotes as possible. Because you never know which company will have better car insurance rates than you’re paying now.
Learning about specific coverages of a insurance policy can be of help when determining the right coverages for your vehicles. Insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the usual coverages available from insurance companies.
Collision coverage – Collision coverage pays to fix your vehicle from damage resulting from a 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 insurance covers claims like scraping a guard rail, hitting a parking meter, crashing into a building, sideswiping another vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible to save money on collision insurance.
Medical payments and PIP coverage – Med pay and PIP coverage provide coverage for bills for chiropractic care, nursing services, prosthetic devices and dental work. They are 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 and will also cover getting struck while a pedestrian. PIP coverage is not universally available but can be used in place of medical payments coverage
Comprehensive auto coverage – This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as damage from getting keyed, damage from a tornado or hurricane, hitting a bird, rock chips in glass and theft. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family as well as damage to your Chevy Monte Carlo.
Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Frequently your uninsured/underinsured motorist coverages are similar to your liability insurance amounts.
Liability coverage – Liability insurance protects you from damage that occurs to people or other property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/25 which means $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which combines the three limits into one amount without having the split limit caps.
Liability insurance covers things like repair costs for stationary objects, bail bonds, emergency aid, legal defense fees and court costs. The amount of liability coverage you purchase is up to you, but buy higher limits if possible.
When trying to cut insurance costs, it’s very important that you do not buy less coverage just to save a little money. There have been many situations where consumers will sacrifice uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. Your objective should be to purchase plenty of coverage for the lowest cost, not the least amount of coverage.
We just showed you many ways to save on 2003 Chevy Monte Carlo insurance. The key concept to understand is the more companies you get rates for, the better your comparison will be. You may even find the most savings is with some of the smallest insurance companies. These companies can often insure niche markets at a lower cost than their larger competitors like State Farm, Geico and Nationwide.