Have you had enough of not being able to scrape enough together to pay car insurance each month? Your situation is no different than the majority of other people. Big companies like State Farm and GEICO all promote huge savings with fancy advertisements and consumers find it hard to avoid their marketing magic and take the time to shop coverage around.
You should take the time to compare premium rates once or twice a year since insurance prices go up and down regularly. Even if you think you had the best deal for RSX insurance six months ago you can probably find a lower rate today. There is a lot of bad advice regarding car insurance on the web, but by reading this article, you’re going to learn some good information on how to reduce your car insurance bill.
The quickest method we recommend to compare rate quotes is to know the trick all the major auto insurance companies participate in a system to quote your coverage. The only thing you need to do is provide the companies a bit of rating information like your credit rating estimate, coverage limits, how your vehicles are used, and any included safety features. Your information gets sent immediately to insurance companies and they return rate quotes very quickly.
To compare rates now, click here and enter your coverage details.
Not too many consumers would say auto insurance is affordable, but companies offer discounts to cut the cost considerably. Some of these disounts will be visible when you complete an application, but some need to be inquired about before they will apply.
A little note about advertised discounts, many deductions do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think all the discounts add up to a free policy, that’s just not realistic.
The best auto insurance companies and their offered discounts are shown below.
If you need lower rates, check with each insurance company which discounts you may be entitled to. All car insurance discounts may not apply in your area. To find auto insurance companies that offer discounts, click here to view.
Multiple criteria are used in the calculation when quoting car insurance. Most are fairly basic like an MVR report, although others are not as apparent like your vehicle usage or your commute time.
When it comes to buying the best car insurance coverage, there is no perfect coverage plan. Every situation is different so your insurance needs to address that. Here are some questions about coverages that could help you determine if your situation would benefit from an agent’s advice.
If you don’t know the answers to these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.
Drivers can’t get away from ads that claim the best rates from the likes of Progressive, Allstate and GEICO. All the companies tend to make the same promise of big savings just by moving your policy.
How does every company offer drivers better rates? This is the way they can do it.
All the different companies require specific criteria for the type of driver that will most likely be profitable. One example of a profitable risk profile might have to be between the ages of 40 and 55, has a low-risk occupation, and insures a new vehicle. Anybody that hits that “sweet spot” may get the lowest prices and most likely will save if they switch.
Potential customers who do not meet the “perfect” profile will be quoted higher premium rates which leads to business not being written. The ad wording is “people who switch” not “all people who quote” save that kind of money. That’s why insurance companies can confidently claim big savings. This emphasizes why you really need to do a price quote comparison at every renewal. It’s just too difficult to predict which insurance companies will give you lower rates than your current company.
Understanding the coverages of insurance can be of help when determining the right coverages for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. These are typical coverage types available from insurance companies.
Coverage for liability – This coverage provides protection from damage that occurs 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.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.
Liability insurance covers things such as loss of income, repair costs for stationary objects, repair bills for other people’s vehicles and bail bonds. How much coverage you buy is up to you, but buy as much as you can afford.
Medical expense insurance – Coverage for medical payments and/or PIP pay for bills for ambulance fees, EMT expenses, doctor visits, surgery and hospital visits. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants in addition to being hit by a car walking across the street. PIP is not available in all states and gives slightly broader coverage than med pay
Collision – Collision coverage will pay to fix damage to your RSX caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things like colliding with another moving vehicle, backing into a parked car and driving through your garage door. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. It’s also possible to increase the deductible to bring the cost down.
Comprehensive (Other than Collision) – This coverage pays to fix your vehicle from 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 coverage protects against claims like fire damage, hitting a bird, rock chips in glass and damage from a tornado or hurricane. The most you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. This coverage pays for medical payments for you and your occupants as well as damage to your Acura RSX.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.
Cheaper car insurance can be purchased online as well as from independent agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies may not provide the ability to get quotes online and most of the time these regional insurance providers prefer to sell through independent agencies.
As you go through the steps to switch your coverage, it’s very important that you do not skimp on coverage in order to save money. There are too many instances where someone sacrificed full coverage to discover at claim time that the small savings ended up costing them much more. The ultimate goal is to buy the best coverage you can find at the best cost, not the least amount of coverage.
More detailed car insurance information is located in these articles: