Have you had enough of trying to scrape together enough money to pay your car insurance bill each month? You are no different than many other drivers. Many insurance companies compete for your hard-earned dollar, so it can be very hard to choose a company and get the definite lowest cost out there.
Insuring your fleet can be pricey, but there may be some discounts that can dramatically reduce your bill. Many discounts should be triggered when you complete an application, but a few must be manually applied in order for you to get them. If you do not double check each discount you qualify for, you may be paying too high a price.
A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. Some only reduce the cost of specific coverages such as medical payments or collision. Even though it may seem like you could get a free insurance policy, it just doesn’t work that way.
Companies and some of the premium reductions they offer are included below.
When quoting, ask every insurance company how you can save money. Discounts may not apply in your state. If you would like to choose from a list of insurance companies that offer the discounts shown above, click here.
There are a variety of methods you can shop for auto insurance and some are less time-consuming than others. You could waste a few hours talking about coverages with agents in your area, or you can utilize the web to achieve your goal.
Many popular insurance companies enroll in a system where prospective buyers enter their coverage request one time, and every company can give them a price based on that information. This saves time by eliminating quote requests to every company.
To compare pricing click here (opens in new window).
The one downside to doing it this way is that you can’t choose which carriers to receive prices from. So if you prefer to choose from a list of companies to compare, we put together a list of auto insurance companies in your area. Click here for list of insurance companies.
It doesn’t matter which method you choose, just ensure you are comparing the exact same information on every price quote you get. If you are comparing different limits and deductibles on each one you will not be able to truly determine the lowest rate.
When it comes to choosing coverage for your personal vehicles, there is no perfect coverage plan. Your needs are not the same as everyone else’s so your insurance needs to address that. For example, these questions might point out if you may require specific advice.
If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of insurance companies in your area. It only takes a few minutes and may give you better protection.
Consumers can’t escape the ads that promise big savings for switching by companies like State Farm and Allstate. They all seem to make the promise that drivers can save some big amount after switching to them.
How is it plausible that every one can make almost identical claims? You have to listen carefully.
Insurance companies have a certain “appetite” for the type of insured that is profitable for them. One example of a desirable insured could be over age 30, has a clear driving record, and insures a new vehicle. A driver that matches those criteria will qualify for the lowest premium rates and will probably pay quite a bit less when switching companies.
People who do not match these criteria will have to pay a more expensive rate which results in the prospect going elsewhere. The ads say “customers that switch” not “everyone who quotes” will save that much if they switch. This is how companies can truthfully make those claims. Because of the profiling, drivers should compare price quotes frequently. It’s not possible to predict which company will have the best rates at this point in time.
Learning about specific coverages of insurance helps when choosing the right coverages and the correct deductibles and limits. Insurance terms can be ambiguous and nobody wants to actually read their policy. Shown next are the normal coverages offered by insurance companies.
This provides protection from other motorists when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.
This pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things like rock chips in glass, fire damage, damage from flooding, vandalism and damage from getting keyed. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
This protects you from damage that occurs to other people or property that is your fault. It protects you against claims from other people. 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 policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, $300,000 for the entire accident, and $100,000 of coverage for damaged propery.
Liability coverage protects against things like funeral expenses, legal defense fees and repair bills for other people’s vehicles. How much liability should you purchase? That is a personal decision, but consider buying as large an amount as possible.
Collision insurance pays for damage to your Galant caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision can pay for things like damaging your car on a curb, backing into a parked car and crashing into a ditch. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to bump up the deductible to bring the cost down.
Medical payments and Personal Injury Protection insurance pay for bills such as doctor visits, pain medications and surgery. They are often utilized in addition to your health insurance policy or if you do not have health coverage. They cover you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage
As you shop your coverage around, it’s a bad idea to sacrifice coverage to reduce premiums. There are too many instances where an insured dropped comprehensive coverage or liability limits to discover at claim time they didn’t have enough coverage. The aim is to purchase plenty of coverage at a price you can afford and still be able to protect your assets.
We just covered many tips how you can reduce 2000 Mitsubishi Galant insurance prices online. The key thing to remember is the more providers you compare, the better your chances of lowering your rates. You may even discover the biggest savings come from some of the smallest insurance companies. Regional companies often have lower rates on specific markets than their larger competitors like State Farm or Progressive.
More detailed car insurance information is available in these articles: