Are you kicking yourself for buying overpriced auto insurance? Don’t sweat it because many drivers feel the same as you. There is such a variety of insurers to pick from, and though it is a good thing to be able to choose, too many choices makes it more difficult to find the best rates for your vehicles.
Consumers need to get comparison quotes every six months due to the fact that insurance prices change quite often. Just because you had the best rates on Ranger insurance a couple years back you may be paying too much now. There are a lot of ways to save on auto insurance on the web, but in this article, you’re going to get some of the best ways to slash your auto insurance rates.
Some companies don’t always publicize the complete list of policy discounts very well, so the list below contains a few of the more well known in addition to some of the lesser obvious discounts that you can inquire about if you buy insurance coverage online.
You can save money using discounts, but most of the big mark downs will not be given to all coverage premiums. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you could get a free auto insurance policy, you won’t be that lucky.
To choose insurers that offer multiple discounts, click here.
There are a lot of ways to compare car insurance prices but there is one way that is easier and takes less work. You could waste a few hours talking about coverages with insurance companies in your area, or you can utilize online quotes for quick rates.
Most car insurance companies participate in a marketplace where insurance shoppers submit their information once, and each company provides a quote based on the submitted data. This saves time by eliminating quote requests to each individual car insurance company.
To use this form to compare rates click here to start a free quote.
The only drawback to pricing coverage this way is you don’t know exactly which carriers you want to price. So if you prefer to choose individual companies to compare, we have a page of low cost car insurance companies in your area. Click here to view list.
However you get your quotes, compare the same coverage information for each price quote. If you have mixed coverages it’s impossible to make an equal comparison.
When buying the right insurance coverage for your personal vehicles, there is no “best” method to buy coverage. Every situation is different so your insurance needs to address that. For example, these questions can aid in determining whether your personal situation would benefit from an agent’s advice.
If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It only takes a few minutes and can help protect your family.
Knowing the specifics of your policy can be of help when determining the right coverages and proper limits and deductibles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on most auto insurance policies.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP pay for immediate expenses for things like pain medications, funeral costs, prosthetic devices, X-ray expenses and rehabilitation expenses. They are used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay
Comprehensive coverage
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive coverage protects against claims like theft, a tree branch falling on your vehicle, fire damage and vandalism. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured/Underinsured Motorist coverage
This coverage provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your Ford Ranger.
Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family.
Collision protection
This covers damage to your Ranger from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers things like colliding with a tree, backing into a parked car, sustaining damage from a pot hole and hitting a parking meter. This coverage can be expensive, so consider dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.
Auto liability
Liability coverage will cover damages or injuries you inflict on other’s property or people in an accident. It protects you against claims from other people, and does not provide coverage for damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.
Liability coverage protects against claims such as bail bonds, funeral expenses and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but buy higher limits if possible.
In this article, we covered some good ideas how to get a better price on 2011 Ford Ranger insurance. The most important thing to understand is the more quotes you get, the higher your chance of finding low cost insurance coverage. Drivers may discover the lowest priced insurance coverage comes from a company that doesn’t do a lot of advertising. Some small companies may only write in your state and offer lower prices compared to the large companies like Allstate, Geico and Progressive.
As you quote insurance coverage, don’t be tempted to sacrifice coverage to reduce premiums. Too many times, someone sacrificed physical damage coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The aim is to find the BEST coverage at an affordable rate, but do not sacrifice coverage to save money.