No one in their right mind looks forward to buying insurance coverage, especially when the cost is way too high.
Online insurance companies like Geico, Farmers Insurance and State Farm continually hit you with fancy advertisements and consumers find it hard to ignore the promise of big savings and do the work needed to find the best deal.
If you currently have a car insurance policy, you should be able to reduce your rates substantially using these methods. Finding affordable coverage is easy if you know what you’re doing. Although consumers must learn the way insurance companies sell insurance online.
To find cheap prices, there are a couple of ways of comparing rate quotes from different companies. The fastest way to comparison shop is to jump online and get quotes. This can be done in a couple of different ways.
For a handy list of car insurance company links in your area, click here.
Whichever way you choose to compare rates, make sure you use identical coverage information with each company. If you compare mixed coverages it will be impossible to determine which company has the best rates. Quoting even small variations in coverage limits could throw off the whole comparison. Keep in mind that comparing all the rates in your area helps you find more affordable rates. Some companies don’t provide rate quotes online, so it’s important to compare price estimates from the smaller companies as well.
Some companies don’t necessarily list every disount available in a way that’s easy to find, so the following list contains some of the more common and also the more inconspicuous discounts that you can inquire about if you buy insurance online.
Discounts reduce rates, but you should keep in mind that most of the big mark downs will not be given the the whole policy. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. If you do the math and it seems like it’s possible to get free car insurance, you aren’t that lucky.
Large insurance companies and their offered discounts can be read below.
Before purchasing a policy, check with every insurance company how many discounts you can get. Some of the discounts discussed earlier might not be available to policyholders in your area. If you would like to see a list of insurance companies that have a full spectrum of discounts, click here to view.
Lots of things are used in the calculation when quoting car insurance. Most are fairly basic such as traffic violations, but other factors are less obvious like where you live or your commute time.
The factors shown below are some of the most rate-impacting factors that factor into rates.
When it comes to choosing the right insurance coverage for your vehicles, there really is no perfect coverage plan. Everyone’s needs are different so your insurance needs to address that. These are some specific questions can help discover if you will benefit from professional help.
If you can’t answer these questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.
Insurance providers like State Farm and Allstate continually stream ads in print and on television. All the companies tend to make the same promise that drivers can save some big amount after switching your insurance policy to them. Is it even possible that every company can give you a better price? This is the trick they use.
Different companies have specific guidelines for the driver that will generate a profit. A good example of a preferred risk might be a married male, has a clean driving record, and drives newer vehicles. Any driver who fits that profile may get the lowest premium rates and most likely will cut their rates substantially.
Insureds who are not a match for those standards will be charged a more expensive rate and business not being written. The trick is to say “drivers that switch” but not “all drivers who get quotes” will save that much if they switch. That’s why companies can make those claims. That is why you need to get insurance quotes as often as possible. You cannot predict which insurance companies will fit your personal profile best.
Understanding the coverages of your policy can help you determine appropriate coverage for your vehicles. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. These are typical coverages found on the average auto insurance policy.
Comprehensive or Other Than Collision
Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as hitting a deer, a tree branch falling on your vehicle, theft and vandalism. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if the vehicle’s value is low consider dropping full coverage.
Liability coverage
This coverage provides protection from damages or injuries you inflict on people or other property by causing an accident. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.
Liability can pay for things like repair costs for stationary objects, structural damage, medical expenses, loss of income and funeral expenses. How much coverage you buy is your choice, but you should buy higher limits if possible.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like hospital visits, pain medications and doctor visits. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
UM/UIM Coverage
Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Saturn VUE.
Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is important protection for you and your family.
Collision protection
Collision coverage covers damage to your VUE resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers claims such as rolling your car, hitting a mailbox, hitting a parking meter and scraping a guard rail. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.
More affordable car insurance is definitely available both online in addition to local insurance agencies, and you need to comparison shop both to have the best selection. A few companies don’t offer online quoting and many times these smaller companies only sell through independent insurance agents.
We’ve covered quite a bit of information on how to compare 2005 Saturn VUE insurance rates online. The key thing to remember is the more times you quote, the better your chances of lowering your auto insurance rates. Consumers may even find the best rates are with a small mutual company. These smaller insurers can often insure niche markets at a lower cost than the large multi-state companies such as Allstate, Geico and Progressive.
Additional car insurance information is located at these links: