Wish you could get out of high-priced insurance? You’re in good company because there are many drivers thinking the same thing.
Big companies like Allstate, Liberty Mutual and State Farm all claim big savings, bombarding you with TV and radio ads and it can be hard to separate fact from fiction and take the time to shop coverage around.
It’s smart to price shop coverage before your next renewal because prices are adjusted regularly by insurance companies. If you had the lowest rates on GLE-Class Coupe coverage last year there is a good chance you can find better rate quotes now. Forget all the misinformation about insurance because I’m going to teach you one of the best ways to reduce your cost while increasing coverage.
Effectively comparing auto insurance prices can be a lot of work if you don’t utilize the fastest way to get free quotes. You could waste a few hours talking to insurance agencies in your area, or you could use the web to get the quickest rates.
Most of the larger companies participate in an industry program where prospective buyers only type in their quote data once, and every company can provide price quotes determined by their information. This system prevents you from having to do repetitive form submissions for each company.
To find out how much you can save on auto insurance click here (opens in new window).
The one downside to using this type of form is you don’t know exactly which insurance companies to get quotes from. If you prefer to choose individual companies to compare rates, we put together a list of auto insurance companies in your area. Click here for list of insurance companies.
It’s up to you how you get prices quotes, just ensure you’re using identical coverages and limits for each comparison quote. If your comparisons have different coverage information it’s impossible to get a fair rate comparison. Even a minor difference in limits could mean much higher rates. Just remember that more quotes gives you a better chance of getting a lower rate.
Car insurance is expensive, but there are discounts available that many people don’t even know exist. A few discounts will automatically apply at the time of purchase, but once in a while a discount must be requested specifically before being credited.
While discounts sound great, it’s important to understand that most discount credits are not given to all coverage premiums. Some only reduce specific coverage prices like comprehensive or collision. So when the math indicates you would end up receiving a 100% discount, company stockholders wouldn’t be very happy. But any discount will bring down your overall premium however.
For a list of car insurance companies that offer many of these discounts, click here.
It’s important that you understand a few of the rating criteria that aid in calculating your policy premiums. When consumers understand what determines premiums, this allows you to make educated decisions that will entitle you to big savings.
The itemized list below are some of the factors used by companies to determine your rates.
When buying adequate coverage for your personal vehicles, there is no one size fits all plan. Everyone’s needs are different and your policy should reflect that. For example, these questions might point out whether you will benefit from professional help.
If you don’t know the answers to these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.
Respected companies like Geico, State Farm and Progressive seem to constantly run television and radio advertisements. All the ads seem to make the promise that drivers can save some big amount after switching to their company. Is it even possible that every company can have lower policy pricing? It’s all in how they say it.
Different companies quote their best rates for the type of driver that will add to their bottom line. A good example of a desirable insured should be between the ages of 30 and 45, carries high limits, and has excellent credit. A propective insured that hits that “sweet spot” will most likely get cheap car insurance rates as well as save a lot if they switch.
Insureds who are not a match for these stringent criteria may be required to pay higher premium rates with the end result being the customer buying from a different company. If you listen to the ad wording, they say “drivers that switch” not “everyone who quotes” will save that much if they switch. That’s why companies can make those claims.
Because of the profiling, you should compare rate quotes every year. Because without a comparison, you cannot know which company will have the best car insurance rates.
Understanding the coverages of a car insurance policy helps when choosing the right coverages and proper limits and deductibles. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are the normal coverages available from car insurance companies.
Liability coverages
Liability coverage will cover injuries or damage you cause to a person or their property that is your fault. This coverage protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. As an example, you may have liability limits of 25/50/25 which means $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage pays for claims like emergency aid, bail bonds, repair bills for other people’s vehicles and medical services. The amount of liability coverage you purchase is a personal decision, but you should buy as much as you can afford.
Collision protection
Collision coverage pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against claims like hitting a parking meter, scraping a guard rail, crashing into a building and colliding with a tree. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to bring the cost down.
UM/UIM Coverage
This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your 2016 Mercedes-Benz GLE-Class Coupe.
Since a lot of drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea. Normally the UM/UIM limits are similar to your liability insurance amounts.
Comprehensive or Other Than Collision
This covers 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 coverage protects against claims like a broken windshield, damage from flooding and vandalism. The maximum payout your car insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as ambulance fees, dental work, chiropractic care and doctor visits. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants as well as being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Cheaper auto insurance can be sourced online as well as from insurance agents, and you should compare rates from both in order to have the best price selection to choose from. Some insurance companies may not have internet price quotes and usually these small, regional companies only sell coverage through local independent agencies.
We’ve covered many ideas to get a better price on 2016 Mercedes-Benz GLE-Class Coupe insurance. The key thing to remember is the more price quotes you have, the better your comparison will be. You may even find the lowest prices come from a small local company. They may cover specific market segments cheaper as compared to the big name companies such as Allstate and Progressive.
As you go through the steps to switch your coverage, never skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice uninsured motorist or liability limits and found out when filing a claim that it was a big mistake. Your focus should be to buy enough coverage at an affordable rate while still protecting your assets.
To learn more, feel free to visit the articles below: