I can’t think of anyone who gets a kick out of paying for auto insurance, in particular when they could lower their rates if they shopped around. You have so many insurance companies to pick from, and although it’s a good thing to have a choice, it can be more challenging to find the best rates for your vehicles.
It’s a good idea to check auto insurance prices every six months because prices tend to go up over time. Even if you got the lowest price for Continental GT3-R insurance six months ago there is a good chance you can find better rate quotes now. Ignore everything you know about auto insurance because we’re going to show you the best way to save on auto insurance.
The quickest method we recommend to get policy rate comparisons is to realize most larger insurance companies provide online access to give rate comparisons. The only thing you need to do is provide information like how your vehicles are used, if you lease or own, if you went to college, and your occupation. The rating information is automatically sent to many highly-rated insurers and they return cost estimate instantly.
When it comes to buying adequate coverage for your vehicles, there really is no cookie cutter policy. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions might point out if your situation will benefit from professional help.
If you can’t answer these questions, you may need to chat with an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area. It’s fast, doesn’t cost anything and can provide invaluable advice.
Understanding the coverages of car insurance can be of help when determining the right coverages for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring. These are the usual coverages found on most car insurance policies.
UM/UIM Coverage – Uninsured or Underinsured Motorist coverage gives you protection 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 as well as damage to your Bentley Continental GT3-R.
Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.
Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for prosthetic devices, chiropractic care, rehabilitation expenses, funeral costs and doctor visits. They are used in conjunction with a health insurance plan or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not an option in every state and may carry a deductible
Liability auto insurance – Liability insurance will cover damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from claims by other people. It does not cover your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show liability limits of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.
Liability coverage pays for things like funeral expenses, pain and suffering, repair bills for other people’s vehicles and emergency aid. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.
Collision coverages – Collision coverage pays for damage to your Continental GT3-R from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers things such as colliding with a tree, driving through your garage door, crashing into a ditch, damaging your car on a curb and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.
Comprehensive or Other Than Collision – This will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like theft, a broken windshield, hitting a deer and a tree branch falling on your vehicle. The maximum payout a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.