No car owner likes buying insurance, especially when the prices are way too high.
With consumers having so many insurance companies to choose from, it’s difficult to pick a more affordable insurer.
Pricing cheaper coverage can be fairly easy. In a nutshell, everyone who is required by state law to have insurance coverage will be able to lower their premiums. But consumers can benefit by having an understanding of the methods companies use to price online insurance and use this information to your advantage.
Insurance is neither fun to buy or cheap, but you can get discounts that could drop your premiums quite a bit. Certain discounts will be triggered automatically when you purchase, but occassionally some discounts must be inquired about prior to getting the savings.
A little note about advertised discounts, many deductions do not apply to the entire cost. The majority will only reduce individual premiums such as collision or personal injury protection. So even though you would think adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
A list of companies and their possible discounts are shown below.
If you need lower rates, check with each insurance company what discounts are available to you. Some discounts listed above may not apply to policyholders in your state. To find insurance companies that offer the discounts shown above, click here.
Lots of things are part of the equation when pricing auto insurance. Some factors are common sense like your driving record, but others are less obvious such as whether you are married and annual miles driven.Consumers need to have an understanding of some of the things that help determine the level of your policy premiums. If you have a feel for what determines premiums, this helps enable you to make changes that may result in lower premium levels.
When buying coverage for your personal vehicles, there is no single plan that fits everyone. Every situation is different so your insurance should reflect that For example, these questions can aid in determining if your situation will benefit from professional help.
If it’s difficult to answer those questions then you might want to talk to an agent. If you don’t have a local agent, complete this form or click here for a list of car insurance companies in your area.
Understanding the coverages of insurance can help you determine appropriate coverage and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are the usual coverages offered by insurance companies.
Comprehensive auto coverage – Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like hail damage, rock chips in glass, hitting a deer, vandalism and a broken windshield. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – This provides protection from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family and damage to your 2016 Chevy Spark.
Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Normally these limits are similar to your liability insurance amounts.
Liability coverage – Liability insurance will cover damage that occurs to people or other property that is your fault. This coverage protects you against other people’s claims. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage protects against claims such as bail bonds, legal defense fees and funeral expenses. How much liability coverage do you need? That is a decision to put some thought into, but you should buy higher limits if possible.
Collision coverage – This coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision coverage pays for claims such as sustaining damage from a pot hole, crashing into a building and rolling your car. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to choose a higher deductible to bring the cost down.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses such as nursing services, X-ray expenses, rehabilitation expenses, ambulance fees and EMT expenses. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. It covers all vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state and may carry a deductible
You just read a lot of techniques to lower your 2016 Chevy Spark insurance prices. The most important thing to understand is the more you quote car insurance, the more likely it is that you will get a better rate. Consumers may even find the most savings is with a small local company. They may cover specific market segments cheaper as compared to the big name companies such as State Farm or Progressive.
A few companies do not offer the ability to get quotes online and most of the time these small insurance companies prefer to sell through independent agencies. Budget-conscious 2016 Chevy Spark insurance is possible from both online companies as well as from independent agents, and you need to price shop both to have the best selection.
More information is located on the following sites: