Nobody I know enjoys paying for insurance, especially when the price is too high. Having so many choices of insurance companies, it can be hard to locate the most cost effective company.
Car insurance companies don’t list all possible discounts very well, so here is a list some of the more common in addition to some of the lesser obvious discounts that you may qualify for. If they aren’t giving you every credit possible, you are paying more than you should be.
Don’t be surprised that most discount credits are not given to all coverage premiums. Some only apply to the cost of specific coverages such as comp or med pay. So despite the fact that it appears all those discounts means the company will pay you, insurance companies wouldn’t stay in business.
Larger car insurance companies and some of the premium reductions they offer can be found below.
Before purchasing a policy, check with all the companies how many discounts you can get. A few discounts may not apply in your area. If you would like to choose from a list of providers that can offer you the previously mentioned discounts, click here.
Finding low cost car insurance rates is an easy way to save money. All that’s required is to spend a few minutes on the computer to compare free auto insurance quotes from different insurance companies. This can be accomplished in several different ways.
The best way consumers can make multiple comparisons is a comparison rater form click to view form in new window. This style of form prevents you from having to do boring form submissions for each company. One quote request will return quotes from many national carriers.
A harder way to find lower rates requires a trip to each company’s website and repeat the quote process. For examples sake, let’s assume you are doing a rate comparison from Nationwide, State Farm and Travelers. To get each rate you have to take the time to go to each site and repeatedly enter your information, which explains why we recommend starting with the first method. To view a list of companies in your area, click here.
It’s up to you how you get prices quotes, just make sure you are using the exact same coverages for every quote you compare. If the quotes have different limits and deductibles on each one you will not be able to find the best deal for your Ford Crown Victoria.
Smart consumers have a good feel for some of the factors that play a part in calculating your premiums. If you have a feel for what controls the rates you pay, this allows you to make good choices that can help you get lower rates.
When it comes to buying proper insurance coverage, there really is not a “best” method to buy coverage. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help you determine whether you may require specific advice.
If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.
Knowing the specifics of insurance aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on most insurance policies.
Med pay and PIP coverage kick in for bills such as nursing services, prosthetic devices and dental work. They are used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover you and your occupants as well as being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible
Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims such as hail damage, falling objects, a tree branch falling on your vehicle, theft and hitting a bird. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Collision insurance pays for damage to your Crown Victoria resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for things such as colliding with another moving vehicle, crashing into a building and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Another option is to bump up the deductible to save money on collision insurance.
This protects you from injuries or damage you cause to people or other property that is your fault. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 50/100/50 that means you have a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability insurance covers things such as emergency aid, repair costs for stationary objects and loss of income. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.
This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your Ford Crown Victoria.
Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually the UM/UIM limits do not exceed the liability coverage limits.
More affordable auto insurance is possible from both online companies as well as from insurance agents, so you need to shop auto insurance with both in order to have the best price selection to choose from. Some insurance companies may not provide rates over the internet and most of the time these regional insurance providers prefer to sell through independent agents.
As you go through the steps to switch your coverage, don’t be tempted to buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed collision coverage only to find out that their decision to reduce coverage ended up costing them more. Your focus should be to purchase plenty of coverage for the lowest cost, but do not skimp to save money.