Did a good deal turn out to be an overpriced insurance coverage policy? Believe me, there are many drivers thinking the same thing.
Since drivers have many insurance providers from which to choose, it is hard for the average consumer to locate the lowest cost insurance coverage provider.
The cost of insuring your cars can be expensive, but there could be available discounts that could help you make your next renewal payment. Certain credits will be shown at the time you complete a quote, but less common discounts must be inquired about before you get the savings.
One thing to note about discounts is that most discount credits are not given to the entire policy premium. Some only apply to specific coverage prices like liability and collision coverage. Just because it seems like all the discounts add up to a free policy, insurance companies aren’t that generous.
If you would like to choose from a list of providers who offer cheap insurance quotes, click here.
Shopping for lower car insurance rates can be challenging if you don’t utilize the easiest way. You could waste time discussing policy coverages with agents in your area, or you can stay home and use online quoting to accomplish the same thing much quicker.
The majority of car insurance companies belong to a marketplace that allows shoppers to only type in their quote data once, and each company then gives them pricing based on that information. This saves time by eliminating form submissions for every car insurance company.
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The only downside to using this type of form is buyers cannot specifically choose which insurance companies to receive prices from. If you wish to select from a list of companies for rate comparison, we have a page of the cheapest car insurance companies in your area. Click here for list of insurance companies.
It doesn’t matter which method you choose, just ensure you’re using exactly the same coverage data on every price quote you get. If you compare different data you will not be able to make a fair rate comparison. Quoting even small variations in limits could mean much higher rates. And when price shopping your coverage, getting more free quotes increases the change that you will find better pricing. Not every company allows you to get rate quotes online, so you should also compare price estimates from the smaller companies as well.
Many factors are part of the calculation when you quote your car insurance policy. A few of the factors are predictable such as your driving history, although others are not as apparent such as your marital status and annual miles driven.
When buying coverage, there isn’t really a perfect coverage plan. Everyone’s situation is unique so this has to be addressed. For instance, these questions may help highlight if your insurance needs will benefit from professional help.
If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies.
Auto insurance companies such as State Farm and Allstate consistently run television and radio advertisements. They all make the point that drivers will save a bundle after switching to their company. How does each company save you money? It’s all in the numbers.
Insurance companies have specific characteristics for the type of customer that will not have excessive claims. One example of a profitable insured should be over the age of 45, has a clean driving record, and chooses high deductibles. A propective insured who fits those characteristics will get low car insurance rates and have a good chance to save money with a new company.
Potential customers who do not fit these standards must pay higher premium rates and this can result in the prospect going elsewhere. If you pay close attention to the ads, they say “drivers that switch” not “everybody who quotes” can get the lowest rates when switching. This is how companies can truthfully make those claims.
This emphasizes why you really should get as many free insurance quotes as possible. It’s not possible to predict which company will have the best car insurance rates for your profile.
Knowing the specifics of a auto insurance policy aids in choosing which coverages you need and proper limits and deductibles. Auto insurance terms can be difficult to understand and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average auto insurance policy.
Comprehensive (Other than Collision) – This pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like hitting a deer, fire damage, hail damage and damage from getting keyed. The maximum payout you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.
Liability coverage – Liability coverage protects you from damage or injury you incur to a person or their property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit without having the split limit caps.
Liability insurance covers things like bail bonds, pain and suffering, court costs and structural damage. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as much as you can afford.
Collision coverages – This coverage pays to fix your vehicle from damage caused by collision with an object or car. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things like sideswiping another vehicle, scraping a guard rail, crashing into a building, backing into a parked car and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from older vehicles. You can also increase the deductible to bring the cost down.
Medical expense insurance – Med pay and PIP coverage kick in for bills for prosthetic devices, ambulance fees, pain medications and hospital visits. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as damage to your Chevy C/K 1500 Series.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Frequently these limits do not exceed the liability coverage limits.
Throughout this article, we presented many ideas to lower your 1999 Chevy C/K 1500 Series insurance prices. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. You may be surprised to find that the most savings is with the smaller companies. These companies may have significantly lower rates on certain market segments than the large multi-state companies such as State Farm, GEICO and Nationwide.
Budget-friendly insurance coverage can be found on the web as well as from insurance agents, so get free insurance quotes from both of them to have the best chance of lowering rates. Some companies don’t offer the ability to get a quote online and these smaller companies only sell through independent agencies.
When trying to cut insurance costs, it’s not a good idea to reduce coverage to reduce premium. Too many times, an accident victim reduced liability limits or collision coverage only to find out that it was a big mistake. Your aim should be to buy enough coverage at the best cost while still protecting your assets.
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