Trying to come up with a payment for expensive insurance coverage can stress out your checking account and put the squeeze on your family’s finances. Doing a price comparison is a smart way to lower your bills every month.
Big companies like Allstate, Progressive and GEICO persitently shower you with advertising and consumers find it hard to see past the corporate glitz and do the work needed to find the best deal.
Consumers should take time to quote other rates at least once a year because insurance coverage prices are rarely the same from one policy term to another. Just because you found the best price on Continental GT coverage a year ago the chances are good that you can find a lower rate quote today. Forget anything you know (or think you know) about insurance coverage because I’m going to teach you how to use the internet to find lower rates on insurance coverage.
If you are paying for car insurance now, you will be able to cut costs considerably using these methods. Finding affordable coverage is not rocket science. Although vehicle owners must know the way insurance companies sell online and take advantage of how the system works.
Shopping for lower car insurance rates can be a daunting task if you don’t utilize the most efficient way. You could spend the better part of a day talking about coverages with agents in your area, or you can stay home and use the web to accomplish the same thing much quicker.
Most of the larger companies belong to a marketplace that enables customers to enter their coverage request one time, and at least one company can provide price quotes for coverage. This system prevents you from having to do quotation requests for each company you want a rate for. To fill out one form to compare multiple rates now click here to open in new window.
The one disadvantage to getting quotes like this is you don’t know exactly which providers to receive prices from. So if you prefer to choose specific insurance companies to receive pricing from, we have assembled a list of the cheapest car insurance companies in your area. Click to view list.
However you get your quotes, do your best to enter apples-to-apples coverage information for each quote you get. If you enter different coverage information you will not be able to make a fair comparison for your Bentley Continental GT. Having just a slight variation in coverages can make a big difference in price. Keep in mind that quoting more helps increase your odds of locating the best offered rates.
When buying auto insurance it’s important to understand the different types of things that help determine the rates you pay for auto insurance. If you understand what controls the rates you pay, this empowers consumers to make smart changes that can help you get lower auto insurance prices.
Companies that sell car insurance don’t always publicize every discount they offer in an easy-to-find place, so the next list breaks down a few of the more well known and the harder-to-find credits available to lower your premiums when you buy insurance online. If you check and find you aren’t receiving every discount possible, you are not getting the best rate possible.
Consumers should know that most credits do not apply to the entire policy premium. Most only apply to specific coverage prices like physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, you won’t be that lucky.
A list of companies and the discounts they provide can be read below.
If you want the cheapest insurance quotes, ask each company or agent which discounts you qualify for. Discounts might not be offered in every state. To find companies with discount rates, follow this link.
When buying adequate coverage for your vehicles, there isn’t really a one size fits all plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions might help in determining if you might need professional guidance.
If you’re not sure about those questions, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.
Knowing the specifics of car insurance helps when choosing the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Below you’ll find the usual coverages available from car insurance companies.
Auto liability insurance
This protects you from damage or injury you incur to people or other property in an accident. This coverage protects you against claims from other people. It does not cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/25 that means you have a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage protects against things like legal defense fees, pain and suffering, loss of income, medical services and funeral expenses. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.
Collision insurance
Collision coverage covers damage to your Continental GT caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision can pay for things like colliding with another moving vehicle, colliding with a tree, hitting a parking meter, hitting a mailbox and sideswiping another vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.
Medical costs insurance
Med pay and PIP coverage reimburse you for short-term medical expenses such as hospital visits, chiropractic care and surgery. They can be used to fill the gap from your health insurance policy or if you are not covered by health insurance. They cover you and your occupants as well as if you are hit as a while walking down the street. PIP coverage is not universally available and may carry a deductible
UM/UIM Coverage
Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and damage to your Bentley Continental GT.
Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.
Comprehensive or Other Than Collision
This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as a tree branch falling on your vehicle, fire damage and hail damage. The highest amount your car insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Some insurance providers do not offer the ability to get a quote online small, regional companies provide coverage only through local independent agents. More affordable auto insurance can be bought online in addition to local insurance agencies, and you should be comparing both so you have a total pricing picture.
When you buy insurance online, it’s not a good idea to reduce coverage to reduce premium. There have been many situations where an accident victim reduced collision coverage to discover at claim time that it was a big mistake. The aim is to purchase a proper amount of coverage at the best possible price, not the least amount of coverage.