Wish you could get a refund on an underperforming, overpriced car insurance policy? Don’t sweat it because many consumers are in the same pinch. You have multiple auto insurance companies to pick from, and although it’s nice to be able to choose, it makes it harder to adequately compare rates.
Smart consumers take time to do rate comparisons quite often because prices are variable and change quite frequently. Even if you got the lowest price for GLI coverage last year a different company probably has better rate quotes today. Block out anything you think you know about car insurance because I’m going to teach you one of the quickest ways to find lower rates on car insurance.
Finding affordable coverage is quite easy. If you have car insurance now, you should be able to save some money using these techniques. Drivers only need to know the tricks to compare company rates online.
Buying auto insurance is not cheap, but there could be significant discounts that could help you make your next renewal payment. Some discounts apply automatically when you get a quote, but once in a while a discount must be inquired about prior to getting the savings.
Don’t be surprised that many deductions do not apply the the whole policy. Most only apply to the price of certain insurance coverages like medical payments or collision. So when the math indicates all those discounts means the company will pay you, that’s just not realistic. But any discount will definitely reduce the cost of your policy.
Popular auto insurance companies and a summarized list of policyholder discounts are outlined below.
When getting free insurance coverage quotes, it’s a good idea to each company or agent which discounts they offer. Some discounts listed above may not be available in your area. For a list of auto insurance companies with the best discounts, click here to view.
The best way to compare car insurance company rates takes advantage of the fact most of the bigger providers pay for the opportunity to quote your coverage. To get started, all you need to do is take a few minutes to give details like your education level, how you use your vehicles, if you lease or own, and whether you are married. That rating data is instantly sent to many of the top insurers and you should receive rate quotes immediately.
When it comes to buying the best car insurance coverage, there really is no cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. For instance, these questions may help you determine if your insurance needs will benefit from professional help.
If you’re not sure about those questions, you may need to chat with an agent. To find an agent in your area, complete this form or click here for a list of car insurance companies in your area. It is quick, free and may give you better protection.
Knowing the specifics of a insurance policy aids in choosing which coverages you need for your vehicles. Insurance terms can be ambiguous and even agents have difficulty translating policy wording. Below you’ll find the normal coverages found on the average insurance policy.
Collision coverage protection
This coverage will pay to fix damage to your GLI caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for claims like colliding with another moving vehicle, sideswiping another vehicle, colliding with a tree, hitting a mailbox and backing into a parked car. Paying for collision coverage can be pricey, so you might think about dropping it from vehicles that are older. Another option is to choose a higher deductible to bring the cost down.
Comprehensive insurance
Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as fire damage, hitting a deer, damage from a tornado or hurricane and hitting a bird. The maximum payout your insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability
This coverage will cover damages or injuries you inflict on other’s property or people that is your fault. It protects YOU from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which means $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.
Liability coverage pays for claims like medical expenses, bail bonds and structural damage. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford.
Med pay and Personal Injury Protection (PIP)
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses such as doctor visits, prosthetic devices, ambulance fees and hospital visits. They can be used to cover expenses not covered by your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and will also cover if you are hit as a while walking down the street. Personal Injury Protection is only offered in select states and may carry a deductible
Uninsured/Underinsured Motorist (UM/UIM)
This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for injuries to you and your family as well as damage to your Volkswagen GLI.
Since many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.
Lower-priced car insurance is possible on the web and from local agencies, so you need to quote insurance coverage with both in order to have the best price selection to choose from. Some companies may not offer rate quotes online and many times these small, regional companies only sell through local independent agencies.
As you quote insurance coverage, do not buy poor coverage just to save money. There are many occasions where an accident victim reduced full coverage only to regret that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage for the lowest cost and still be able to protect your assets.
More information is available at the links below