Are you kicking yourself for buying an underperforming, overpriced car insurance policy? You’re preaching to the choir because many consumers are in the same pinch.
Numerous insurance companies battle to insure your vehicles, and it can be difficult to compare rates and get the best coverage at the lowest cost out there.
The method we recommend to compare insurance rates from multiple companies is to take advantage of the fact car insurance companies will pay a fee to provide you with a free rate quote. To start a quote, the only thing you need to do is provide a little information like if a SR-22 is required, if you are currently licensed, what you do for a living, and an estimate of your credit level. Those rating factors is instantly submitted to many of the top insurers and they return rate quotes immediately.
To compare rates for your 2013 Ford Mustang now, click here then complete the form.
When buying the right insurance coverage, there isn’t really a single plan that fits everyone. Every insured’s situation is different so your insurance should reflect that For instance, these questions can aid in determining whether your personal situation will benefit from professional help.
If you don’t know the answers to these questions but a few of them apply, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.
Understanding the coverages of a auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be confusing and coverage can change by endorsement. Shown next are the normal coverages available from auto insurance companies.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as hospital visits, doctor visits and X-ray expenses. The coverages can be used to fill the gap from your health insurance policy or if you do not have health coverage. It covers all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and also any damage incurred to your 2013 Ford Mustang.
Since many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Frequently your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Auto liability insurance
Liability insurance can cover injuries or damage you cause to other people or property in an accident. This coverage protects you against other people’s claims, and does not provide coverage for your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 50/100/50 that means you have $50,000 bodily injury coverage, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Another option is one limit called combined single limit (CSL) which combines the three limits into one amount rather than limiting it on a per person basis.
Liability insurance covers claims like legal defense fees, repair bills for other people’s vehicles, medical services, pain and suffering and court costs. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Comprehensive coverage (or Other than Collision)
This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as vandalism, rock chips in glass, hitting a deer and hail damage. The highest amount a auto insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Collision protection
This pays to fix your vehicle from damage from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.
Collision coverage protects against claims like colliding with a tree, colliding with another moving vehicle, sideswiping another vehicle and crashing into a ditch. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.