Do you think you bought an expensive auto insurance policy? Don’t sweat it because there are lots of people in the same boat.
You have so many insurers to choose from, and although it’s nice to have a choice, more choices can make it harder to locate the cheapest rates.
You should make it a habit to check auto insurance prices at least once a year since prices trend upward over time. Just because you had the lowest quotes on 9-3 coverage a couple years back you can probably find a lower rate today. There are a lot of ways to save on auto insurance online but you can learn some great ideas on how to put money back in your pocket.
Locating the lowest cost protection can be fairly easy. Essentially every vehicle owner who buys insurance coverage most likely will be able to find better rates. But drivers can benefit from knowing the way insurance companies price insurance differently and use this information to your advantage.
Many things are considered when you quote your car insurance policy. A few of the factors are predictable such as your driving history, but other factors are not as apparent like where you live or your vehicle rating.
The following are some of the most rate-impacting factors utilized by car insurance companies to help set prices.
Insurance can be prohibitively expensive, but discounts can save money and there are some available that could help you make your next renewal payment. Some discounts will apply when you complete an application, but a few need to be inquired about before being credited.
While discounts sound great, it’s important to understand that most discounts do not apply to all coverage premiums. Most only reduce individual premiums such as medical payments or collision. So even though you would think all those discounts means the company will pay you, you aren’t that lucky.
To see a list of insurers who offer cheap car insurance quotes, follow this link.
Popular insurance providers such as 21st Century, Allstate and State Farm constantly bombard you with ads on television and other media. They all advertise the message that people will save if you get a free insurance quote and switch your policy. Is it even possible that every company can have lower policy pricing? Just pay attention to how they say it.
Different companies have specific characteristics for the type of customer that will most likely be profitable. An example of a desirable risk may be a married male, has few claims, and drives a vehicle with a low ISO rating. A propective insured that hits that “sweet spot” will qualify for the lowest premium rates as well as cut their rates substantially.
Consumers who do not meet those standards may be forced to pay a higher rate and this can result in business not being written. The wording the ads use say “drivers that switch” not “everybody who quotes” can save as much as they claim. That’s the way companies can truthfully make those statements.
This really emphasizes why you should compare rate quotes every year. Because you never know which insurance company will have the best car insurance rates.
When it comes to buying the best auto insurance coverage for your personal vehicles, there is no one size fits all plan. Every insured’s situation is different so your insurance should reflect that For example, these questions may help you determine if your insurance needs might need an agent’s assistance.
If you can’t answer these questions, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or click here for a list of auto insurance companies in your area.
Knowing the specifics of your policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement. Shown next are typical coverage types available from insurance companies.
This provides protection from damage that occurs to people or other property in an accident. This insurance protects YOU against other people’s claims, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see policy limits of 100/300/100 which means $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as legal defense fees, bail bonds, funeral expenses, pain and suffering and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but you should buy as much as you can afford.
Med pay and PIP coverage kick in for expenses for things like ambulance fees, X-ray expenses and dental work. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. They cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. PIP is only offered in select states and gives slightly broader coverage than med pay
Comprehensive insurance coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like hitting a deer, fire damage and a tree branch falling on your vehicle. The maximum amount you’ll receive from a claim is the market value of your vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
This covers damage to your 9-3 resulting from colliding 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 can pay for things like sustaining damage from a pot hole, crashing into a ditch, damaging your car on a curb, scraping a guard rail and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. You can also raise the deductible to get cheaper collision coverage.
Your UM/UIM coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your 2007 Saab 9-3.
Since many drivers only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these limits are similar to your liability insurance amounts.
Lower-priced auto insurance can be bought online and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance companies don’t offer rate quotes online and these regional carriers work with local independent agents.
As you go through the steps to switch your coverage, never skimp on coverage in order to save money. There are too many instances where someone dropped physical damage coverage and learned later that it was a big mistake. Your objective should be to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.
Throughout this article, we presented some good ideas how you can save on 2007 Saab 9-3 insurance. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even find the lowest prices come from some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive or GEICO.