Pretty sure you bought high-priced car insurance? Trust us when we tell you many drivers have buyer’s remorse.
Big-name insurance companies like State Farm and GEICO constantly bombard you with advertising and it is challenging if not impossible to ignore the flashy ads and take the time to shop coverage around.
Consumers need to get comparison quotes before your policy renews because car insurance rates go up and down regularly. Just because you found the lowest rate for Regal coverage six months ago there may be better deals available now. You can find a lot of misleading information regarding car insurance online but you can learn some excellent ideas to slash your car insurance rates.
If you are paying for car insurance now, you should be able to cut costs considerably using this information. Finding the best rates is not rocket science. But consumers must understand how the larger insurance companies determine prices because it can help you find the best coverage.
When shopping for affordable insurance coverage quotes, there are a couple of ways to compare rate quotes from many different insurance companies. The fastest way to find competitive 1991 Buick Regal insurance rates is to use the internet to compare rates. This is very easy and can be done using a couple different methods.
For a list of links to insurance companies in your area, click here.
You can use whichever method you prefer to find lower rates, just try to use identical quote information on every quote. If you use different values for each quote then you won’t be able to determine the lowest rate for your Buick Regal. Just a small difference in coverages can mean a large discrepancy in price. And when comparing insurance coverage rates, know that obtaining a wide range of quotes gives you a better chance of getting the best rates. Some insurance companies are not set up to provide rate quotes online, so it’s important to also get price quotes from them, too.
State Farm, GEICO and Progressive consistently run television, radio, and online ads. They all seem to advertise the message about savings after switching your coverage to them. It sounds good, but how can they all charge lower premium rates? This is the trick they use.
All the different companies look for specific characteristics for the type of driver that will be a good risk. For instance, a profitable risk profile may be over the age of 50, has no driving citations, and chooses high deductibles. Anyone who fits those characteristics will get very good car insurance rates and will probably save a lot if they switch.
Potential insureds who do not meet this stringent profile will get a higher premium which results in the driver buying from a lower-cost company. The ad wording is “drivers who switch” not “everybody who quotes” save that much money. This is how companies can make claims like that. Each company has different criteria, so you really need to get price quotes at each policy renewal. It’s just not possible to know the company that will be your best fit.
Many different elements are used when you quote your car insurance policy. Some of the criteria are obvious such as traffic violations, but other factors are not as apparent like your vehicle usage or your financial responsibility.
The following are some of the most common factors companies use to determine prices.
Auto insurance companies don’t always advertise all their discounts very well, so the list below gives a summary of some of the more common in addition to some of the lesser obvious car insurance savings.
Drivers should understand that many deductions do not apply to the overall cost of the policy. Most only reduce specific coverage prices like comprehensive or collision. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way.
Auto insurance companies that may offer policyholders some of the above discounts include:
If you are trying to find cheaper insurance coverage quotes, ask each company or agent which discounts you may be entitled to. Savings may not apply in every state. If you would like to choose from a list of insurers with discount car insurance rates, click here to view.
When it comes to buying coverage, there is no best way to insure your cars. Your needs are not the same as everyone else’s so your insurance should reflect that Here are some questions about coverages that can aid in determining whether or not you might need professional guidance.
If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Knowing the specifics of your insurance policy can be of help when determining the right coverages for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverage types offered by insurance companies.
Coverage for liability
This provides protection from damage that occurs to people or other property in an accident. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability coverage protects against things like attorney fees, medical services, bail bonds and repair bills for other people’s vehicles. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible.
Collision coverage protection
Collision insurance will pay to fix damage to your Regal resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers things such as crashing into a ditch, crashing into a building, scraping a guard rail and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.
UM/UIM (Uninsured/Underinsured Motorist) coverage
Uninsured or Underinsured Motorist coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your 1991 Buick Regal.
Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.
Comprehensive auto coverage
Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as damage from getting keyed, theft, fire damage and rock chips in glass. The highest amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.
Medical payments and PIP coverage
Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses like nursing services, surgery, pain medications and EMT expenses. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover you and your occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
As you restructure your insurance plan, it’s a bad idea to buy lower coverage limits just to save a few bucks. In too many instances, someone sacrificed full coverage to discover at claim time they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage for the lowest price, but don’t skip important coverages to save money.
Cheaper car insurance can be found from both online companies and from local insurance agents, so you need to shop insurance coverage with both to have the best selection. A few companies may not provide rate quotes online and these regional insurance providers only sell through independent agents.
In this article, we covered a lot of information how to get a better price on 1991 Buick Regal insurance. The key concept to understand is the more times you quote, the better likelihood of getting cheaper insurance coverage. You may be surprised to find that the lowest priced car insurance comes from some of the smallest insurance companies. They can often provide lower auto insurance rates in certain areas compared to the large companies like Allstate and Progressive.
Additional car insurance information is located on the following sites: