Are you a victim of overpriced car insurance? You’re in good company because many drivers feel the same as you.
People have multiple insurance companies to pick from, and even though it’s nice to have a selection, it makes it harder to locate the cheapest rates.
Auto insurance companies do not advertise all possible discounts in a way that’s easy to find, so we took the time to find some of the best known and also the lesser-known savings tricks you should be using when you buy car insurance online.
It’s important to understand that most discount credits are not given to your bottom line cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Even though it appears it’s possible to get free car insurance, you’re out of luck.
To locate companies with discount insurance coverage rates, click here.
The easiest way to compare car insurance rates is to know car insurance companies will pay a fee to quote your coverage. The only thing you need to do is give them rating details including if the vehicle is leased, how much coverage you want, if your license is active, and your education level. Your rating data is instantly provided to insurance carriers in your area and they provide comparison quotes very quickly.
Many things are taken into consideration when you get a price on insurance. Some factors are common sense like your driving record, but other criteria are less apparent like your continuous coverage or your financial responsibility.
The items below are just a few of the factors used by insurance companies to determine your rates.
When choosing adequate coverage, there really is not a single plan that fits everyone. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that may help highlight if you may require specific advice.
If it’s difficult to answer those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.
Big name companies like Allstate and Progressive seem to constantly run ads in print and on television. They all seem to make the point about savings just by switching your coverage to them. How is it plausible that every one can charge lower premium rates? It’s all in the numbers.
All companies give the best rates for the type of driver that will be a good risk. A good example of a profitable risk profile should be over age 30, has few claims, and does not commute to work. A customer that hits that “sweet spot” will probably get cheap rates and most likely will save a lot of money.
Potential customers who are not a match for the “perfect” profile will probably be forced to pay higher premium rates and the customer not purchasing. If you pay attention, the ads say “drivers that switch” not “all people who quote” save that much. That is how companies can advertise the savings. This really emphasizes why drivers should get price quotes at each policy renewal. It’s just not possible to know which insurance companies will have the best car insurance rates for your profile.
Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Shown next are the usual coverages offered by car insurance companies.
Medical payments and Personal Injury Protection insurance kick in for expenses for ambulance fees, EMT expenses, rehabilitation expenses and dental work. They can be used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover if you are hit as a while walking down the street. PIP is only offered in select states and gives slightly broader coverage than med pay
This coverage covers 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 coverage protects against claims such as rock chips in glass, a tree branch falling on your vehicle, hail damage, damage from getting keyed and fire damage. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Liability coverage provides protection from damage or injury you incur to other’s property or people that is your fault. It protects you against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability 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 a total limit of $50,000 for damage to vehicles and property.
Liability insurance covers claims such as repair costs for stationary objects, structural damage, bail bonds, attorney fees and funeral expenses. How much liability coverage do you need? That is up to you, but buy as much as you can afford.
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include injuries to you and your family and damage to your Jeep Grand Cherokee.
Since a lot of drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is a good idea.
Collision insurance covers damage to your Grand Cherokee resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for things such as colliding with another moving vehicle, hitting a parking meter and sideswiping another vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. You can also bump up the deductible in order to get cheaper collision rates.
When buying insurance coverage, you should never buy poor coverage just to save money. There are many occasions where an accident victim reduced collision coverage only to regret at claim time that the few dollars in savings costed them thousands. Your goal is to buy a smart amount of coverage for the lowest cost but still have enough coverage for asset protection.
The cheapest 2014 Jeep Grand Cherokee insurance is available online and from local insurance agents, and you should compare rates from both to have the best rate selection. There are still a few companies who don’t offer internet price quotes and these small insurance companies only sell coverage through independent insurance agents.
More detailed auto insurance information is available by following these links: