Are you regretting buying an overpriced car insurance policy? Don’t feel bad because many drivers feel the same as you.
Many insurance companies vie for your insurance dollar, and it can be difficult to compare rates and get the best coverage at the lowest rate possible.
Smart consumers take time to do price comparisons quite often because insurance prices change quite often. Despite the fact that you may have had the best rate on Explorer coverage on your last policy the chances are good that you can find a lower premium rate today. You’ll find a ton of advice on car insurance out there, but you can learn some proven techniques to quit paying high car insurance rates.
If you currently have car insurance, you will be able to reduce your rates substantially using these tips. Finding the best rates is not that difficult. But consumers benefit from understanding how insurance companies price insurance differently because it can help you find the best coverage.
Multiple criteria are used when quoting car insurance. Some are pretty understandable such as traffic violations, although others are less obvious such as your credit history or your financial responsibility.When buying auto insurance it’s important to understand some of the factors that help calculate the level of your policy premiums. When you know what positively or negatively controls the rates you pay, this allows you to make good choices that may reward you with cheaper rates.
The itemized list below are a few of the “ingredients” that factor into your premiums.
There are a variety of methods to compare auto insurance prices but there is one way that is less labor-intensive and much quicker. You can waste a few hours (or days) driving to local insurance agents in your area, or you can stay home and use online quotes to get rates in a matter of minutes.
Many companies belong to an insurance system that allows shoppers to send in one quote, and every company returns a rated price based on that information. This system prevents you from having to do repetitive form submissions to every company.
To access this free quoting program, click to open in new window.
The only drawback to using this type of form is buyers cannot specifically choose which companies you want pricing from. If you wish to select individual companies to compare prices, we have assembled a list of auto insurance companies in your area. Click here for list of insurance companies.
How you compare quotes is your choice, just make sure you use apples-to-apples coverage limits for each quote you get. If you are comparing different liability limits it will be impossible to make an equal comparison. Slightly different coverages can result in a big premium difference. And when price shopping your coverage, having more price comparisons will improve the odds of getting a lower rate than you’re paying now.
Insuring your fleet can be pricey, but there could be significant discounts to help offset the cost. Certain discounts will be applied at the time of purchase, but less common discounts must be specifically requested before being credited.
As is typical with insurance, some of the credits will not apply to the entire cost. The majority will only reduce specific coverage prices like comp or med pay. Even though it appears you could get a free auto insurance policy, insurance companies wouldn’t stay in business.
Companies that may offer policyholders these money-saving discounts include:
If you need lower rates, check with each company how you can save money. Some of the discounts discussed earlier might not be offered on policies in your area. If you would like to view companies who offer discounts, click here.
When buying adequate coverage, there is no one size fits all plan. Everyone’s situation is unique and your policy should reflect that. For instance, these questions can aid in determining if your insurance needs could use an agent’s help.
If you don’t know the answers to these questions, you may need to chat with an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of insurance coverage companies in your area.
Understanding the coverages of your car insurance policy aids in choosing which coverages you need at the best deductibles and correct limits. Car insurance terms can be impossible to understand and nobody wants to actually read their policy. These are typical coverages available from car insurance companies.
Liability auto insurance
Liability coverage can cover damage that occurs to a person or their property. This insurance protects YOU from claims by other people. 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. You might see values of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Occasionally you may see a combined single limit or CSL which limits claims to one amount rather than limiting it on a per person basis.
Liability coverage protects against things like medical expenses, structural damage and emergency aid. The amount of liability coverage you purchase is your choice, but buy higher limits if possible.
Collision coverage protection
This coverage covers damage to your Explorer resulting from a collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things like backing into a parked car, crashing into a building, hitting a mailbox, scraping a guard rail and crashing into a ditch. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to choose a higher deductible to save money on collision insurance.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for chiropractic care, pain medications, ambulance fees and X-ray expenses. 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 getting struck while a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
Comprehensive auto coverage
Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against things like rock chips in glass, damage from a tornado or hurricane, damage from getting keyed, hail damage and theft. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This protects you and your vehicle when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and damage to your 2017 Ford Explorer.
Since many 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. Most of the time these coverages do not exceed the liability coverage limits.
When trying to cut insurance costs, do not skimp on critical coverages to save a buck or two. There have been many situations where an insured cut liability coverage limits and discovered at claim time that they should have had better coverage. Your goal should be to purchase a proper amount of coverage at the lowest possible cost, not the least amount of coverage.
We just covered many tips how you can shop for 2017 Ford Explorer insurance online. The key concept to understand is the more rate quotes you have, the better chance you’ll have of finding the cheapest car insurance. You may even discover the best auto insurance rates are with the least-expected company. Regional companies may cover specific market segments cheaper than the large multi-state companies such as Allstate and Progressive.
Cheap 2017 Ford Explorer insurance can be bought both online and from local insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some companies don’t offer online price quotes and these smaller companies sell through independent insurance agencies.
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