If you’re shopping for lower-cost insurance, are you confused by the crazy number of auto insurance providers that you can choose from? Lot’s of other drivers are too. People have such a large number of options that it can easily turn into a difficult situation to find the lowest price.
It’s important to compare premium rates on a regular basis because prices fluctuate regularly. Even if you got the lowest price for Civic insurance six months ago the chances are good that you can find a lower rate today. Forget all the misinformation about auto insurance because we’re going to show you the quickest way to remove unneeded coverages and save money.
If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using this strategy. Locating affordable car insurance coverage is not that difficult. But consumers do need to understand how companies sell insurance online and apply this information to your search.
Companies that sell car insurance don’t always publicize every possible discount in a way that’s easy to find, so below is a list some of the best known and the more hidden discounts you could be receiving when you buy insurance coverage online.
As a sidenote, most discounts do not apply to the entire policy premium. The majority will only reduce individual premiums such as liability, collision or medical payments. So when it seems like you can get free auto insurance, car insurance companies aren’t that generous. But all discounts will help reduce the amount you pay for coverage.
A partial list of companies that may offer quotes with most of these discounts may include but are not limited to:
It’s a good idea to ask every prospective company the best way to save money. Savings may not be available in your area.
Many factors are considered when premium rates are determined. A few of the factors are predictable such as traffic violations, but some are more transparent like your vehicle usage or your commute time.
The itemized list below are a partial list of the pieces companies use to determine premiums.
When it comes to buying coverage for your personal vehicles, there is no best way to insure your cars. Everyone’s needs are different.
For example, these questions may help you determine if your insurance needs will benefit from professional help.
If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to an agent. To find an agent in your area, complete this form.
Popular insurance providers such as Progressive, GEICO, Allstate and State Farm constantly bombard you with ads in print and on television. They all advertise the message about savings after switching your coverage. How can each company charge you less for car insurance?
Most companies have specific guidelines for a prospective insured that will be a good risk. For instance, a profitable risk profile should be a married male, has no claims, and drives less than 7,500 miles a year. Anybody who meets those qualifications will get the preferred rates and as a result will probably cut their rates substantially.
Drivers who do not match these stringent criteria will probably have to pay a more expensive rate which translates to the prospect going elsewhere. If you listen to the ad wording, they say “drivers who switch” not “everyone that quotes” can get the lowest rates when switching. This is how companies can truthfully make the claims of big savings.
This really drives home the point why you need to get insurance coverage quotes as often as possible. It’s just not possible to know which insurance company will have the lowest rates for your situation.
Understanding the coverages of insurance helps when choosing the right coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy.
This coverage will pay to fix damage from a wide range of events other than collision. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims such as damage from a tornado or hurricane, falling objects and fire damage. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like nursing services, pain medications, doctor visits, rehabilitation expenses and chiropractic care. They are often utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to getting struck while a pedestrian. Personal Injury Protection is not an option in every state and may carry a deductible
This protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Frequently these coverages do not exceed the liability coverage limits.
Liability insurance can cover damage or injury you incur to a person or their property in an accident. It protects YOU from legal claims by others. Liability doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.
Liability insurance covers claims such as court costs, medical services, emergency aid, attorney fees and funeral expenses. The amount of liability coverage you purchase is up to you, but consider buying as much as you can afford.
Collision coverage covers damage to your Civic caused by collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like driving through your garage door, colliding with a tree and scraping a guard rail. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.
As you go through the steps to switch your coverage, do not buy poor coverage just to save money. In too many instances, an insured dropped full coverage only to discover later that it was a big mistake. The ultimate goal is to buy a smart amount of coverage at the best possible price, but do not skimp to save money.
Cheaper insurance coverage is definitely available online and from local agencies, so you need to shop insurance coverage with both to have the best selection. Some insurance providers don’t offer the ability to get quotes online and usually these regional insurance providers prefer to sell through independent agencies.
We just presented many ideas to reduce 2017 Honda Civic insurance rates online. The key thing to remember is the more rate comparisons you have, the better likelihood of getting low cost insurance coverage. You may even find the lowest rates come from some of the smallest insurance companies.
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