If shopping for auto insurance quotes online is new to you, chances are good that you are baffled by the large number of insurers all claiming to save you money.
You should make it a habit to compare premium rates as often as possible because prices tend to go up over time. If you had the best price on Neon insurance at your last renewal the chances are good that you can find a lower rate quote today. Forget anything you know (or think you know) about insurance because we’re going to show you one of the best ways to save money, get proper coverage and the best rates.
If you currently have a car insurance policy, you will be able to lower your premiums substantially using these tips. The purpose of this post is to introduce you to the best way to quote coverages. Although car owners do need to understand the methods companies use to market on the web and apply this information to your search.
Smart consumers have a good feel for the different types of things that aid in calculating car insurance rates. If you know what determines base rates, this allows you to make educated decisions that may result in big savings. Many things are part of the calculation when pricing auto insurance. Some are obvious such as your driving history, but others are less obvious like where you live or how financially stable you are.
Shown below are some of the major factors used by companies to determine your rate level.
There are a variety of methods you can shop for car insurance but there is one way that is less time-consuming than others. You can spend your afternoon driving to insurance agencies in your area, or you could use online quotes to get pricing more quickly.
Most car insurance companies are enrolled in a marketplace that enables customers to enter their coverage request one time, and every company then returns a price quote for coverage. This eliminates the need for quotation requests to each individual car insurance company.
To compare rates using this form now click here to open in new window.
The one disadvantage to pricing coverage this way is you cannot specify which companies you want pricing from. So if you prefer to choose specific insurance companies to request quotes from, we have assembled a list of the cheapest car insurance companies in your area. Click here to view list.
It’s up to you how you get prices quotes, just be certain you are entering nearly identical coverage limits and deductibles on every quote. If you compare unequal deductibles or liability limits it will be next to impossible to make a fair rate comparison. Just slight variations in coverage limits can result in a big premium difference. Just keep in mind that comparing more rates from different companies increases your odds of finding more affordable rates.
Insurance can be prohibitively expensive, but you might find some hidden discounts that you may not know about. Some discounts will apply at the time you complete a quote, but some must be specifically requested before being credited. If you do not check that you are getting every discount available, you may be paying too high a price.
You should keep in mind that most of the big mark downs will not be given to the entire policy premium. Most only reduce specific coverage prices like comp or med pay. If you do the math and it seems like it’s possible to get free car insurance, it doesn’t quite work that way. Any qualifying discounts should help reduce your policy cost.
To see a list of providers who offer cheap insurance coverage quotes, follow this link.
When it comes to choosing the right insurance coverage, there really is not a cookie cutter policy. Every insured’s situation is different.
For instance, these questions may help highlight if you would benefit from professional advice.
If it’s difficult to answer those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, simply complete this short form.
Understanding the coverages of a insurance policy can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy.
Medical expense insurance – Med pay and PIP coverage reimburse you for short-term medical expenses for EMT expenses, surgery, nursing services, prosthetic devices and X-ray expenses. They are often used to fill the gap from your health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
Comprehensive (Other than Collision) – Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage pays for claims like a broken windshield, damage from getting keyed, rock chips in glass, falling objects and damage from a tornado or hurricane. The most you’ll receive from a claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Auto liability – This will cover damage that occurs to a person or their property in an accident. This coverage protects you from claims by other people, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and a limit of $100,000 paid for damaged property.
Liability coverage protects against claims like bail bonds, medical expenses and emergency aid. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as large an amount as possible.
Collision coverage – This coverage will pay to fix damage to your Neon caused by collision with a stationary object or other vehicle. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things such as crashing into a building, hitting a mailbox, damaging your car on a curb and crashing into a ditch. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.
Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your 2003 Dodge Neon.
Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important.
Some insurance providers don’t offer rates over the internet and usually these regional carriers provide coverage only through independent agencies. Affordable 2003 Dodge Neon insurance is available from both online companies and with local insurance agents, and you should compare rates from both to have the best selection.
When you buy auto insurance online, you should never reduce coverage to reduce premium. There are many occasions where an insured dropped liability coverage limits only to regret at claim time that it was a big error on their part. Your goal should be to buy the best coverage you can find at an affordable rate, but do not skimp to save money.
Insureds who switch companies do it for a number of reasons such as being labeled a high risk driver, not issuing a premium refund, questionable increases in premium or delays in paying claims. Regardless of your reason for switching companies, switching companies can be less work than you think.
Additional insurance coverage information is available on the following sites: