Are you irritated from wondering where the money will come from to pay high car insurance rates every month? You are no different than most other people. People have many insurance companies to insure vehicles with, and although it’s nice to have a selection, it makes it harder to locate the cheapest rates.
There are several ways to compare insurance coverage quotes, and some are easier and takes less work. You could spend the better part of a day discussing policy coverages with insurance agencies in your area, or you can utilize the web to get prices fast.
Most of the best insurance companies take part in a program that allows shoppers to submit one quote, and each participating company returns a rated price for coverage. This eliminates the need for quote requests for each company you want a rate for.
To participate in this free quote system, click to open in new window.
The one disadvantage to doing it this way is buyers cannot specifically choose which carriers to get pricing from. If you prefer to choose specific insurance companies to compare, we have a listing of low cost insurance coverage companies in your area. View list of insurance companies.
You can use whichever method you prefer to find lower rates, just compare the exact same coverage data with every price quote. If you enter unequal deductibles or liability limits it will be very difficult to make a fair rate comparison.
Some insurance providers don’t always list every possible discount very well, so the following list contains both the well known as well as the least known credits available to you.
A quick disclaimer, most discount credits are not given to the entire policy premium. The majority will only reduce specific coverage prices like medical payments or collision. Despite the appearance that you could get a free insurance policy, it doesn’t quite work that way.
A few popular companies and a partial list of their discounts are shown below.
When quoting, ask every prospective company to give you their best rates. Some of the earlier mentioned discounts may not apply to policies in every state. To view providers that offer discounts, click this link.
When choosing adequate coverage for your vehicles, there really is not a “best” method to buy coverage. Each situation is unique so your insurance needs to address that. These are some specific questions might point out whether you would benefit from professional advice.
If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.
Multiple criteria are used when premium rates are determined. A few of the factors are predictable like a motor vehicle report, but some are not as apparent such as whether you are married or your financial responsibility.A large part of saving on insurance is knowing the rating factors that play a part in calculating the level of your policy premiums. When you know what positively or negatively determines premiums, this allows you to make good choices that may result in lower rates.
Consumers get pounded daily by advertisements that claim the cheapest car insurance rates from companies such as Progressive, Allstate and GEICO. They all say the same thing about savings just by moving your auto insurance policy to them.
How is it plausible that every one can make the same claim? This is the way they can do it.
Many companies give the best rates for the right customer that will not have excessive claims. An example of a profitable risk profile may be over the age of 45, has never had a policy lapse, and the vehicle is rated for pleasure use. Anybody that hits that “sweet spot” receives the best prices and will most likely pay quite a bit less when switching companies.
Potential insureds who do not fit these standards will get a higher premium which leads to business not being written. The wording the ads use say “customers that switch” not “everyone who quotes” can get the lowest rates when switching. This is how insurance companies can lure you into getting a quote.
Because of these techniques, drivers should compare many company’s rates. It’s just too difficult to predict the company that will provide you with the cheapest prices.
Learning about specific coverages of a car insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Shown next are typical coverage types found on most car insurance policies.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage pay for bills for pain medications, prosthetic devices and surgery. They can be used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants as well as getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible
Auto liability insurance
This coverage will cover damages or injuries you inflict on other’s property or people in an accident. This coverage protects you against claims from other people. Liability 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. Your policy might show liability limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Some companies may use a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage pays for claims like pain and suffering, bail bonds and repair costs for stationary objects. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase as much as you can afford.
Comprehensive coverage
This will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things such as falling objects, hail damage and damage from flooding. The most your car insurance company will pay 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.
Collision insurance
Collision coverage pays to fix your vehicle from damage caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers claims such as colliding with a tree, backing into a parked car, colliding with another moving vehicle and damaging your car on a curb. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to bring the cost down.
Uninsured/Underinsured Motorist coverage
This protects you and your vehicle from other motorists when they are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your 2013 Subaru Legacy.
Because many people have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is very important. Frequently the UM/UIM limits do not exceed the liability coverage limits.
We covered some good ideas how you can save on 2013 Subaru Legacy insurance. It’s most important to understand that the more rate comparisons you have, the better your chances of lowering your car insurance rates. You may even discover the biggest savings come from a smaller regional carrier. These companies may only write in your state and offer lower car insurance rates than the large multi-state companies such as Allstate and Progressive.
As you prepare to switch companies, it’s very important that you do not reduce needed coverages to save money. In too many instances, someone sacrificed collision coverage only to regret that a couple dollars of savings turned into a financial nightmare. The aim is to get the best coverage possible at the best cost.