Lower Your 2016 Chrysler 200 Insurance Rates

Searching for the cheapest insurance coverage rates for your Chrysler 200? Are you sick and tired of scraping the payment together each month for insurance coverage? You are in the same boat as many other vehicle owners. Vehicle owners have many insurance companies to buy insurance from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to find the best rates.

The purpose of this post is to familiarize you with how car insurance quotes work and some money-saving tips. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using these tips. Drivers just need to understand how to compare price quotes online.

Cheap car insurance quotes with discounts

Insuring your fleet can be pricey, but you may be missing some discounts to cut the cost considerably. Some discounts will apply at the time of purchase, but less common discounts must be manually applied before you will receive the discount.

  • Good Grades Discount – Being a good student can be rewarded with saving of up to 25%. The discount lasts up to age 25.
  • Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a discount if you purchase auto and life insurance together.
  • Defensive Driver Discount – Successfully completing a course that instructs on driving safety may get you a small discount depending on where you live.
  • Switch and Save Discount – Some insurance companies give discounts for switching companies before your current expiration date. You could save around 10% when you buy insurance coverage online.
  • Service Members Pay Less – Being deployed in the military could qualify you for better prices.
  • Discounts for Multiple Vehicles – Buying a policy with multiple cars or trucks with the same company could earn a price break for each car.

Don’t be shocked that some credits don’t apply to the overall cost of the policy. A few only apply to individual premiums such as medical payments or collision. So even though you would think you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

Some of the insurance companies who might offer many of the previously listed discounts include:

When comparing rates, check with every prospective company which discounts you may be entitled to. Discounts might not apply in your area. If you would like to choose from a list of car insurance companies offering car insurance discounts, follow this link.

The method we recommend to compare insurance rates in your area utilizes the fact most of the larger companies participate in online systems to give free rates quotes. The one thing you need to do is spend a couple of minutes providing details including if your license is active, if it has an anti-theft system, if a SR-22 is needed, and how old drivers are. Those rating factors is sent automatically to many different companies and you should receive rate quotes almost instantly.

Get lower-cost insurance prices by understanding these factors

Lots of factors are considered when pricing auto insurance. Most are fairly basic like your driving record, although some other factors are not quite as obvious such as your marital status or how financially stable you are.A large part of saving on auto insurance is knowing the different types of things that help determine the price you pay for auto insurance. If you understand what influences your rates, this empowers consumers to make smart changes that can earn you lower rates.

  • How much liability insurance – The liability coverage on your policy will afford coverage in the event that you are found to be at fault for damages caused by your negligence. It provides for a legal defense starting from day one. This coverage is relatively inexpensive when compared to the cost of physical damage coverage, so do not cut corners here.
  • Prices increase with policy add-ons – There are a ton of optional add-on coverages that may not really be needed if you aren’t careful. Coverage for things like vanishing deductibles, better glass coverage, and additional equipment coverage may not be needed and are just wasting money. These coverages may sound good when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
  • Insure car and home with the same company – Most major companies allow discounts to buyers that purchase more than one policy in the form of a multi-policy discount. The discount can add up to ten percent or more. If you currently are using one company, drivers will still want to compare rates to verify if the discount is saving money.
  • Premiums are affected by your credit rating – Having a good credit score can be a huge factor in determining what you pay for auto insurance. Insureds with excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower credit ratings. If your credit history is lower than you’d like, you could be paying less to insure your 2016 Chrysler 200 by spending a little time repairing your credit.

Tailor your insurance coverage to you

When it comes to choosing adequate coverage for your personal vehicles, there is no single plan that fits everyone. Everyone’s situation is unique and a cookie cutter policy won’t apply. For example, these questions might point out if your situation might need professional guidance.

  • How can I get high-risk coverage after a DUI?
  • Are all vehicle passengers covered by medical payments coverage?
  • Does car insurance cover theft of personal property?
  • Do I need PIP (personal injury protection) coverage in my state?
  • Is motorclub coverage worth it?
  • Is there coverage for injuries to my pets?

If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area. It is quick, free and can help protect your family.

Insurance coverage companies are expert advertisers

Consumers can’t escape the ads that claim the best prices from the likes of Geico, State Farm and Progressive. They all make the point that you can save after switching your insurance coverage policy to them.

How is it possible that every company can charge less that you’re paying now? Just pay attention to how they say it.

All the different companies offer their best rates for the type of insured that will not have excessive claims. For example, a profitable risk profile could be over the age of 40, has other policies, and the vehicle is rated for pleasure use. Any driver who fits those characteristics will get the preferred premium rates and is almost guaranteed to save money with a new company.

Insureds who don’t measure up to these criteria will be quoted higher rates which usually ends up with the prospect going elsewhere. If you listen closely, the ads state “drivers that switch” but not “all drivers who get quotes” save money. That is how insurance companies can confidently make those statements.

This really emphasizes why you really should compare rate quotes every year. It is just not possible to predict which company will give you lower prices than your current company.

Detailed coverages of your car insurance policy

Having a good grasp of car insurance aids in choosing which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages found on most car insurance policies.

Comprehensive coverages

This coverage pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as fire damage, falling objects, hail damage, hitting a bird and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured and underinsured coverage

This provides protection from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and also any damage incurred to your Chrysler 200.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Usually these coverages are identical to your policy’s liability coverage.

Liability car insurance

This coverage provides protection from damage that occurs to other people or property that is your fault. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for things such as repair bills for other people’s vehicles, repair costs for stationary objects and loss of income. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford.

Collision coverage protection

Collision coverage will pay to fix damage to your 200 caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against claims such as hitting a parking meter, colliding with a tree, backing into a parked car, scraping a guard rail and hitting a mailbox. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Coverage for medical payments

Medical payments and Personal Injury Protection insurance provide coverage for bills for things like funeral costs, chiropractic care, prosthetic devices, doctor visits and X-ray expenses. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. They cover not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is only offered in select states and may carry a deductible

Make an honest buck

Affordable 2016 Chrysler 200 insurance is possible both online as well as from independent agents, and you need to price shop both to have the best rate selection. Some insurance companies don’t offer rates over the internet and most of the time these small, regional companies work with independent insurance agents.

When trying to cut insurance costs, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where someone dropped collision coverage only to regret at claim time that the small savings ended up costing them much more. The aim is to get the best coverage possible for the lowest price but still have enough coverage for asset protection.

Additional insurance information can be read at these links: