I doubt anyone rejoices having to buy car insurance, particularly when their premiums are through the roof. Companies like Allstate, Liberty Mutual and State Farm continually bombard you with advertising and it is challenging if not impossible to see through the deception and do the work needed to find the best deal.
It’s important to check car insurance prices every six months because prices are adjusted regularly by insurance companies. Just because you found the lowest rate on Charger insurance on your last policy you will most likely find a better premium rate today. Ignore everything you know about car insurance because I’m going to teach you one of the quickest ways to lower your annual insurance bill.
If you have a policy now or are just looking to switch companies, you can use these techniques to find better prices while maintaining coverages. Choosing the best insurance company for you is easy if you know what you’re doing. Vehicle owners just need to understand how to get comparison rates online.
Multiple criteria are considered when you get your auto insurance bill. A few of the factors are predictable like a motor vehicle report, but other criteria are more obscure such as your credit history or your commute time.
The best way we recommend to compare car insurance company rates is to know auto insurance companies participate in online systems to give you rate quotes. To get started, all you need to do is provide a little information including if your license is active, your general credit rating, if you’re married, and driver details. Your insurance information is automatically sent to many of the top insurers and you should receive rate quotes immediately.
Drivers can’t avoid all the ads for cheaper car insurance by companies like State Farm, Geico and Progressive. All the companies have a common claim that drivers can save some big amount if you move your policy.
How can each company make almost identical claims?
Most companies quote the lowest rates for the type of insured that will be a good risk. For example, a driver they prefer might be over age 30, owns their home, and chooses high deductibles. Anyone that meets those criteria receive the lowest rate quotes and most likely will save when switching.
Potential customers who don’t meet those criteria will see a higher rate which leads to the customer not purchasing. If you pay close attention to the ads, they say “drivers that switch” not “everybody who quotes” save that much money. This is how insurance companies can confidently advertise the way they do. Because each company has a different risk profile, it is so important to get as many free auto insurance quotes as possible. You cannot predict which insurance companies will provide the lowest premium rates.
Insurance is expensive, but there could be available discounts that could help you make your next renewal payment. A few discounts will automatically apply when you quote, but once in a while a discount must be inquired about in order for you to get them.
A little disclaimer on discounts, most discount credits are not given the the whole policy. Most cut individual premiums such as liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, insurance companies aren’t that generous.
For a list of insurers with significant discounts, follow this link.
When it comes to choosing coverage for your personal vehicles, there really is not a cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions can aid in determining whether or not you could use an agent’s help.
If it’s difficult to answer those questions, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area. It’s fast, free and can help protect your family.
Understanding the coverages of your insurance policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Listed below are typical coverage types offered by insurance companies.
Auto liability – This will cover damage or injury you incur to other’s property or people. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property.
Liability coverage pays for claims like funeral expenses, loss of income and pain and suffering. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible.
Collision coverage – Collision coverage will pay to fix damage to your Charger resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against things like hitting a mailbox, colliding with a tree, driving through your garage door and hitting a parking meter. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.
Coverage for medical expenses – Coverage for medical payments and/or PIP kick in for short-term medical expenses such as EMT expenses, prosthetic devices and X-ray expenses. The coverages can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay
Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your Dodge Charger.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Comprehensive insurance – This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers claims such as falling objects, fire damage, vandalism, hitting a bird and rock chips in glass. 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 dropping full coverage.
We just showed you quite a bit of information on how to lower your 2016 Dodge Charger insurance premium rates. The most important thing to understand is the more price quotes you have, the higher your chance of finding cheaper auto insurance. You may even discover the best price on insurance coverage is with the smaller companies. These smaller insurers may have significantly lower prices on certain market segments as compared to the big name companies such as Allstate or State Farm.
While you’re price shopping online, never buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced liability limits or collision coverage and learned later that it was a big error on their part. The ultimate goal is to buy the best coverage you can find at the best cost while not skimping on critical coverages.
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