Are you sick and tired of scraping nickels together to keep your car insured? Your situation is no different than many other consumers.
Many car insurance companies compete for your hard-earned dollar, and because of this it can be hard to compare car insurance companies and get the definite cheapest price
Insurance coverage is neither fun to buy or cheap, but there may be some discounts that you may not even know about. Certain discounts will be triggered automatically at the time of purchase, but less common discounts must be manually applied before you get the savings.
As a footnote on discounts, many deductions do not apply to the entire policy premium. Most only cut the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like you would end up receiving a 100% discount, that’s just not realistic. Any amount of discount will cut your overall premium however.
A few of the larger companies and the discounts they provide are detailed below.
Before you buy a policy, ask all the companies which discounts they offer. A few discounts might not apply in your area. To view companies that offer multiple discounts, click here.
When it comes to buying the best insurance coverage coverage, there really is not a “best” method to buy coverage. Each situation is unique and your policy should reflect that. For instance, these questions can aid in determining if your insurance needs might need professional guidance.
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of insurance coverage companies in your area.
Companies like State Farm and Allstate seem to constantly run ads in print and on television. They all make the same claim about how much you will save just by switching to them. Is it even possible that every company can charge you less for car insurance? Here is the trick they use.
Insurance providers have an ideal profile for the type of driver that earns them a profit. For example, a profitable risk profile may be over the age of 45, owns a home, and insures a new vehicle. A propective insured who fits those characteristics will probably get cheap rates and will most likely save a lot of money.
Potential insureds who cannot meet the ideal profile may receive more expensive rates and ends up with the customer buying from a different company. The wording the ads use say “people who switch” but not “everyone who gets a quote” save that much. This is how insurance companies can confidently make claims that they all have the best car insurance rates. Because every company is different, it’s extremely important to get insurance coverage quotes as often as possible. It is just not possible to predict with any certainty which company will provide you with the cheapest rates.
Understanding the coverages of your policy can be of help when determining which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Shown next are the usual coverages found on most auto insurance policies.
Comprehensive auto coverage – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims like hitting a deer, rock chips in glass, damage from flooding, a tree branch falling on your vehicle and damage from getting keyed. The most a auto insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Medical payments and PIP coverage – Med pay and PIP coverage kick in for immediate expenses for things like dental work, hospital visits, nursing services, prosthetic devices and chiropractic care. The coverages can be used in conjunction with a health insurance policy or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants as well as being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage gives you protection when the “other guys” do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.
Liability auto insurance – This will cover damages or injuries you inflict on other people or property in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover 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. You commonly see values of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.
Liability can pay for things such as court costs, attorney fees, legal defense fees and funeral expenses. The amount of liability coverage you purchase is your choice, but consider buying as much as you can afford.
Collision coverages – This pays for damage to your Outlander resulting from a collision with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.
Collision can pay for things such as colliding with another moving vehicle, sustaining damage from a pot hole, colliding with a tree, scraping a guard rail and sideswiping another vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.
Throughout this article, we presented many ideas to lower your 2008 Mitsubishi Outlander insurance prices. The most important thing to understand is the more providers you compare, the better your comparison will be. You may even discover the most savings is with a company that doesn’t do a lot of advertising. These companies may cover specific market segments cheaper than their larger competitors like State Farm and Allstate.
When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. There have been many situations where someone sacrificed comprehensive coverage or liability limits and found out when filing a claim that the savings was not a smart move. Your aim should be to buy a smart amount of coverage at the best possible price and still be able to protect your assets.
Additional auto insurance information is available on the following sites: