When shopping for more affordable insurance, do you get confused by the dozens of insurance coverage sources in your area? Many other drivers are as well. You have such a vast assortment of sources available that it can really be a real hassle to lower your rates.
It’s important to compare rates as often as possible because insurance coverage prices fluctuate regularly. Even if you got the best quotes for Carrera GT coverage on your last policy you may be paying too much now. You’ll find a ton of advice on insurance coverage online, but you can learn some great ways to stop overpaying for insurance.
Finding affordable coverage is easy if you know what you’re doing. Basically, anyone who buys insurance coverage will more than likely be able to cut their insurance bill. But car owners must learn how the larger insurance companies compete online because it can help you find the best coverage.
The best way we recommend to compare insurance rates in your area utilizes the fact most of the larger companies actually pay money for the chance to give rate comparisons. The only thing you need to do is spend a couple of minutes providing details like your job, your general credit rating, if a SR-22 is needed, and how you use your vehicles. Those rating factors is automatically sent to many of the top insurers and you will get price comparisons very quickly.
Auto insurance companies don’t necessarily list every possible discount in a way that’s easy to find, so the list below gives a summary of both well-publicized as well as some of the hidden savings tricks you should be using when you buy auto insurance online.
Drivers should understand that most of the big mark downs will not be given to the overall cost of the policy. Most cut the cost of specific coverages such as comprehensive or collision. So despite the fact that it appears you could get a free insurance coverage policy, it’s just not the way it works. Any qualifying discounts will bring down your premiums.
Larger insurance coverage companies and some of their more popular discounts are shown below.
When comparing rates, check with each company or agent to apply every possible discount. Some discounts may not apply to policyholders in your area. To choose companies that can offer you the previously mentioned discounts, follow this link.
When it comes to buying the right insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Your needs are not the same as everyone else’s.
These are some specific questions can aid in determining if your situation might need professional guidance.
If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form.
Knowing the specifics of insurance can help you determine appropriate coverage and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording.
Uninsured/Underinsured Motorist coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries to you and your family as well as damage to your 2004 Porsche Carrera GT.
Since a lot of drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses such as surgery, nursing services, hospital visits and pain medications. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay
Liability auto insurance – Liability insurance provides protection from damage that occurs to other people or property in an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have policy limits of 100/300/100 which means a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a total limit of $100,000 for damage to vehicles and property.
Liability coverage protects against things like court costs, repair costs for stationary objects, pain and suffering and emergency aid. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase as much as you can afford.
Collision – Collision insurance covers damage to your Carrera GT caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things like crashing into a ditch, sideswiping another vehicle, sustaining damage from a pot hole, rolling your car and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.
Comprehensive coverage – Comprehensive insurance pays for damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.
Comprehensive can pay for things such as a tree branch falling on your vehicle, fire damage, vandalism, a broken windshield and rock chips in glass. The highest amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.