I can’t think of anyone who is fond of buying insurance coverage, especially when they are aware that they could find better prices if they shop around.
Companies like GEICO, 21st Century and Progressive increase brand awareness with catchy ads and it can be hard to not get sucked in by the cute commercials and find the best price available.
The quickest method we recommend to compare car insurance rates utilizes the fact auto insurance companies allow for online access to compare rate quotes. All you need to do is give the companies some data including if it has an alarm system, if your license is active, whether you drive to work or school, and whether or not you need a SR-22. Your rating data gets transmitted to all major companies and they return rate quotes within a short period of time.
Some providers do not list every possible discount very clearly, so the list below gives a summary of some of the best known and also the lesser-known ways to save on car insurance. If you aren’t receiving every discount available, you could be getting lower rates.
As is typical with insurance, most discounts do not apply the the whole policy. Most only apply to specific coverage prices like medical payments or collision. Even though the math looks like all the discounts add up to a free policy, that’s just not realistic. But all discounts will cut your overall premium however.
Auto insurance companies who may offer these money-saving discounts possibly include:
If you need the cheapest auto insurance quotes, ask each company which discounts you may be entitled to. Depending on the company, some discounts might not apply in your state. To locate insurers with discount car insurance rates, click here.
When it comes to buying adequate coverage for your vehicles, there really is not a “best” method to buy coverage. Every situation is different so your insurance should reflect that These are some specific questions can aid in determining whether you might need professional guidance.
If you can’t answer these questions but a few of them apply, you may need to chat with an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.
Consumers need to have an understanding of some of the things that come into play when calculating the level of your policy premiums. When you know what positively or negatively determines base rates, this enables informed choices that can help you get better auto insurance rates.
Well-known auto insurance companies like Progressive, GEICO, Allstate and State Farm endlessly run television, radio, and online ads. All the companies convey the message that people will save if you get a free auto insurance quote and switch your policy. Is it even possible that every company can cost less than your current company? Just pay attention to how they say it.
Insurance providers give the best rates for a prospective insured that earns them a profit. One example of a profitable risk profile might be described as over the age of 45, has had continuous coverage, and drives a lower-performance vehicle. Any new insured that matches those criteria will most likely get cheap premium rates and as a result will probably save if they switch.
People who do not match those standards will probably be forced to pay higher prices which translates to the driver buying from a lower-cost company. The ads state “people that switch” not “everybody who quotes” save that much when switching. This is how companies can truthfully make those claims. Because each company has a different risk profile, you really should get as many free auto insurance quotes as possible. Because you never know which company will have the lowest rates.
Learning about specific coverages of your policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and coverage can change by endorsement. Below you’ll find typical coverages found on most car insurance policies.
Uninsured Motorist or Underinsured Motorist insurance – This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and damage to your Chevy Silverado 3500HD.
Since many drivers have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Collision coverage – This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for things like driving through your garage door, hitting a parking meter, colliding with a tree and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to raise the deductible in order to get cheaper collision rates.
Insurance for medical payments – Coverage for medical payments and/or PIP pay for short-term medical expenses like nursing services, chiropractic care, ambulance fees, dental work and EMT expenses. They can be utilized in addition to your health insurance policy or if you are not covered by health insurance. They cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
Comprehensive coverage (or Other than Collision) – This coverage will pay to fix damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage pays for claims like hail damage, hitting a deer, theft, damage from getting keyed and hitting a bird. The most you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Liability insurance – This coverage protects you from damage or injury you incur to people or other property in an accident. It protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.
Liability coverage pays for things such as court costs, emergency aid and structural damage. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford.
As you shop your coverage around, don’t be tempted to reduce coverage to reduce premium. There have been many cases where an insured dropped physical damage coverage only to discover later that it was a big error on their part. Your objective should be to buy a smart amount of coverage for the lowest cost but still have enough coverage for asset protection.
Some insurance companies do not offer price quotes online smaller providers only sell through independent agents. Lower-priced insurance coverage can be sourced on the web in addition to local insurance agencies, and you need to price shop both in order to have the best price selection to choose from.
We just covered some good ideas how to lower your 2014 Chevy Silverado 3500HD insurance premium rates. The most important thing to understand is the more providers you compare, the better your chances of lowering your prices. You may even find the lowest premium rates are with a smaller regional carrier. Regional companies often have lower prices on specific markets compared to the large companies like Allstate and Progressive.