Did you make the mistake of buying high-priced insurance coverage? Don’t sweat it because many drivers feel the same as you.
There is such a variety of auto insurance companies to insure vehicles with, and though it is a good thing to have a choice, it can be more difficult to find the best rates for your vehicles.
The price of auto insurance can be rather high, but you might be missing out on some discounts that you may not even be aware of. Certain discounts will be triggered automatically when you purchase, but a few must be asked for before you will receive the discount.
Discounts reduce rates, but you should keep in mind that some credits don’t apply to the entire cost. Some only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, it doesn’t quite work that way. Any qualifying discounts should help lower the cost of your policy.
If you would like to view insurance companies who offer discounts, follow this link.
Many different elements are part of the calculation when premium rates are determined. A few of the factors are predictable like a motor vehicle report, although some other factors are not quite as obvious such as your credit history or how safe your car is.
When it comes to choosing coverage for your vehicles, there really is no best way to insure your cars. Each situation is unique and your policy should reflect that. These are some specific questions can help discover if your insurance needs might need professional guidance.
If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to an insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.
Knowing the specifics of your auto insurance policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be difficult to understand and reading a policy is terribly boring. These are typical coverages found on the average auto insurance policy.
This protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as damage to your 1990 Pontiac Trans Sport.
Since a lot of drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Normally these coverages are similar to your liability insurance amounts.
This pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for things like theft, damage from a tornado or hurricane and hitting a deer. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.
Liability insurance will cover damages or injuries you inflict on people or other property. It protects you against other people’s claims, and does not provide coverage for your own vehicle damage or injuries.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see a combined limit that pays claims from the same limit without having the split limit caps.
Liability coverage pays for things like loss of income, pain and suffering, repair bills for other people’s vehicles, bail bonds and medical services. How much liability should you purchase? That is a decision to put some thought into, but you should buy higher limits if possible.
Med pay and PIP coverage pay for immediate expenses such as EMT expenses, funeral costs, chiropractic care, doctor visits and dental work. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers all vehicle occupants and will also cover being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
This coverage will pay to fix damage to your Trans Sport resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for things like hitting a parking meter, sideswiping another vehicle and colliding with a tree. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. You can also raise the deductible to bring the cost down.
As you shop your coverage around, don’t be tempted to sacrifice coverage to reduce premiums. There have been many cases where someone sacrificed comprehensive coverage or liability limits only to find out that the savings was not a smart move. Your goal should be to get the best coverage possible at the lowest possible cost but still have enough coverage for asset protection.
We just covered a lot of ways to lower your 1990 Pontiac Trans Sport insurance rates. The key concept to understand is the more quotes you get, the better your chances of lowering your car insurance rates. You may be surprised to find that the lowest rates are with a smaller regional carrier. Some small companies may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate or State Farm.
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