Did you fall for a flashy sales pitch and buy an expensive auto insurance policy? Say no more because many drivers have buyer’s remorse.
Companies like Geico, Farmers Insurance and State Farm all promote huge savings with fancy advertisements and consumers find it hard to ignore the promise of big savings and take the time to shop coverage around.
It’s a good habit to price shop coverage before your policy renews because rates tend to go up over time. Just because you found the lowest rate for Tacoma coverage a year ago you may be paying too much now. Block out anything you think you know about auto insurance because we’re going to show you the quickest way to reduce your cost while increasing coverage.
The majority of larger companies allow you to get coverage prices online. Comparing prices online doesn’t take much effort as you simply enter into a form. After you submit the form their quoting system requests your driving record and credit report and returns a price. Online quotes makes comparing rates easy, but the work required to visit multiple sites and type in your information can be a bit tiresome and repetitive. But it’s very important to have as many quotes as possible if you want to find the lowest possible prices on insurance coverage.
Compare rates the easy way
A less time-consuming method to locate the lowest prices uses just one form to return rates from multiple companies. It saves time, helps eliminate reptitive entry, and makes online quotes much more enjoyable. After your information is entered, it is quoted and you can select any or none of the returned quotes. If you find a better price you can click and sign and buy the new coverage. The entire process takes just a few minutes to complete and you will know how your current rates stack up.
In order to compare rates using this form now, click here and begin entering your coverage information. If you have your current policy handy, we recommend you copy coverages and limits as close as possible to your current policy. This ensures you will have comparison quotes for similar coverage.
When buying the right insurance coverage, there really is not a one size fits all plan. Everyone’s needs are different so your insurance needs to address that. For instance, these questions could help you determine if your insurance needs might need professional guidance.
If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, take a second and complete this form or you can also visit this page to select a carrier
Knowing the specifics of your insurance policy helps when choosing the right coverages and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types found on most insurance policies.
Collision coverage – This pays to fix your vehicle from damage resulting from colliding with an object or car. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for things like hitting a mailbox, sideswiping another vehicle and hitting a parking meter. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to increase the deductible to bring the cost down.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as vandalism, damage from getting keyed, fire damage, theft and hail damage. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Uninsured Motorist or Underinsured Motorist insurance – This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries to you and your family as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is a good idea.
Liability coverages – Liability insurance protects you from damage that occurs to people or other property. Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability can pay for things like bail bonds, funeral expenses and court costs. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible.
Insurance for medical payments – Med pay and PIP coverage provide coverage for immediate expenses for things like chiropractic care, doctor visits and funeral costs. They are used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Coverage applies to both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but can be used in place of medical payments coverage