If you’re new to shopping for auto insurance quotes online, it’s easy to be bewildered thanks to the huge assortment local agents and online companies all claiming to save you money.
Some companies do not list the entire discount list in a way that’s easy to find, so the following is a list of a few of the more common and the harder-to-find discounts that you can inquire about if you buy auto insurance online. If you do not check that you are getting every discount available, it’s possible you qualify for a lower rate.
One last thing about discounts, most discounts do not apply the the whole policy. A few only apply to the price of certain insurance coverages like comprehensive or collision. Despite the fact that it seems like adding up those discounts means a free policy, you’re out of luck.
A partial list of companies that may have these money-saving discounts include:
Before purchasing a policy, check with all companies you are considering to apply every possible discount. A few discounts may not apply to policyholders in your area.
Lots of factors are part of the calculation when quoting car insurance. Some factors are common sense such as traffic violations, but other criteria are less obvious such as your credit history or how safe your car is.Smart consumers have a good feel for some of the things that come into play when calculating your insurance rates. When you know what positively or negatively controls the rates you pay, this empowers consumers to make smart changes that will entitle you to lower rates.
Listed below are some of the most common factors used by your company to calculate premiums.
When choosing proper insurance coverage for your personal vehicles, there is no perfect coverage plan. Your needs are not the same as everyone else’s.
For example, these questions may help you determine if your situation will benefit from professional help.
If it’s difficult to answer those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form.
Companies like Progressive, Allstate and GEICO regularly use ads on television and other media. They all seem to seem to make the promise of big savings if you just switch your car insurance coverage to their company. That’s great but how can every company charge you less for auto insurance?
All companies look for specific characteristics for the type of customer that will generate a profit. One example of a profitable insured could possibly be a married male, has no claims, and drives a vehicle with a low ISO rating. Any new insured that meets those criteria gets the lowest prices and most likely will save money with a new company.
Potential insureds who fall short of the ideal profile will have to pay higher prices and business going elsewhere. If you listen to the ad wording, they say “people that switch” not “all people who quote” save that much money. That’s why companies can truthfully state the savings. Different companies use different criteria so you really need to compare as many free auto insurance quotes as you can. Because you cannot predict which car insurance company will fit your personal profile best.
Understanding the coverages of your auto insurance policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring.
Liability coverages – Liability insurance provides protection from damage that occurs to people or other property by causing an accident. This coverage protects you from legal claims by others, and doesn’t cover 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 might see limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against claims such as medical services, court costs, pain and suffering and loss of income. How much liability coverage do you need? That is up to you, but you should buy as high a limit as you can afford.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as damage from flooding, a broken windshield, theft, hitting a deer and damage from getting keyed. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Uninsured Motorist or Underinsured Motorist insurance – This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family and damage to your Chevy Silverado 2500HD.
Since many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is a good idea.
Insurance for medical payments – Med pay and PIP coverage kick in for expenses for things like doctor visits, funeral costs and nursing services. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. PIP is not an option in every state but can be used in place of medical payments coverage
Collision coverages – Collision coverage pays for damage to your Silverado 2500HD caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision insurance covers things such as damaging your car on a curb, colliding with another moving vehicle and driving through your garage door. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to choose a higher deductible to save money on collision insurance.
Lower-priced car insurance is available both online and from local insurance agents, and you should compare price quotes from both to have the best selection. Some car insurance companies do not offer the ability to get a quote online and these regional insurance providers prefer to sell through independent insurance agents.
In this article, we covered many tips how you can save on 2015 Chevy Silverado 2500HD insurance. The key thing to remember is the more you quote auto insurance, the better likelihood of getting inexpensive auto insurance. Drivers may discover the biggest savings come from a small local company.
Consumers switch companies for any number of reasons including an unsatisfactory settlement offer, high rates after DUI convictions, extreme rates for teen drivers and high prices. No matter why you want to switch, finding a new car insurance company is less work than it seems.