Saving money on insurance coverage is always difficult for drivers who are new to online comparison shopping. With so many agents and companies, it can easily be a lot of work to locate the lowest coverage rates.
Some companies don’t list every policy discount in a way that’s easy to find, so here is a list some of the best known and the more hidden discounts you could be receiving when you buy car insurance online. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.
You should keep in mind that most discounts do not apply to the entire policy premium. Most cut individual premiums such as comprehensive or collision. Even though it appears you would end up receiving a 100% discount, that’s just not realistic.
Popular insurance companies and the discounts they provide can be read below.
If you need lower rates, check with every company what discounts are available to you. Savings may not apply everywhere. For a list of providers that offer the discounts shown above, follow this link.
Popular car insurance providers such as Progressive, Allstate and Geico consistently run ads on TV and radio. They all seem to tend to make the same promise of big savings if you move your coverage to them. But how can every company make the same claim? You have to listen carefully.
Companies give the cheapest rates for the type of driver that will add to their bottom line. An example of a desirable risk might be between 30 and 50, insures multiple vehicles, and has excellent credit. Anyone who matches those parameters will probably get cheap prices and will cut their rates substantially.
Potential customers who may not quite match this stringent profile will be charged a higher rate which usually ends up with business going elsewhere. If you listen to the ad wording, they say “drivers who switch” but not “all drivers who get quotes” will save that much if they switch. That’s the way insurance companies can confidently make it sound like they have such great prices.
Because of this risk profiling, it is so important to get car insurance quotes as often as possible. Because without a comparison, you cannot know the company that will give you the biggest savings.
When it comes to buying proper insurance coverage, there isn’t really a single plan that fits everyone. Your needs are not the same as everyone else’s.
For instance, these questions may help you determine if you could use an agent’s help.
If you can’t answer these questions, you might consider talking to an agent. If you want to speak to an agent in your area, take a second and complete this form.
Understanding the coverages of auto insurance aids in choosing appropriate coverage and the correct deductibles and limits. Auto insurance terms can be confusing and reading a policy is terribly boring.
Collision coverage – Collision insurance will pay to fix damage to your Regal TourX resulting from colliding with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage protects against things like rolling your car, hitting a mailbox, colliding with another moving vehicle, scraping a guard rail and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to choose a higher deductible to bring the cost down.
Liability car insurance – Liability insurance provides protection from damage or injury you incur to other’s property or people. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a limit of $50,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit which provides one coverage limit with no separate limits for injury or property damage.
Liability can pay for claims like loss of income, emergency aid and pain and suffering. How much coverage you buy is up to you, but buy as high a limit as you can afford.
Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses like prosthetic devices, chiropractic care, surgery, pain medications and funeral costs. They are utilized in addition to your health insurance program or if there is no health insurance coverage. It covers you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state and gives slightly broader coverage than med pay
Uninsured or underinsured coverage – Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include injuries to you and your family and also any damage incurred to your 2018 Buick Regal TourX.
Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.
Comprehensive protection – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like damage from flooding, fire damage and falling objects. The most your auto insurance company will pay is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
We just showed you a lot of techniques to reduce 2018 Buick Regal TourX insurance premium rates online. The key thing to remember is the more you quote car insurance, the better your chances of lowering your prices. Consumers may even find the biggest savings come from the smaller companies.
Lower-priced car insurance can be sourced both online and with local insurance agents, so you need to quote car insurance with both to get a complete price analysis. Some insurance providers don’t offer online quoting and many times these small, regional companies sell through independent agencies.
Insureds switch companies for a variety of reasons including poor customer service, delays in responding to claim requests, extreme rates for teen drivers or lack of trust in their agent. It doesn’t matter why you want to switch finding a new company is actually quite simple.