Feel like you’re a prisoner to an underperforming, overpriced auto insurance policy? Trust us when we tell you there are lots of people in the same boat.
Insurance companies such as GEICO, 21st Century and Progressive all claim big savings with advertising and it can be hard to see through the deception and take the time to shop coverage around.
If you currently have car insurance, you will most likely be able to save some money using this strategy. Buying car insurance is not that difficult. Although vehicle owners can benefit from knowing how big insurance companies determine prices and take advantage of how the system works.
Companies don’t always advertise every available discount very well, so here is a list some of the best known and also the lesser-known ways to save on car insurance.
It’s important to understand that most discounts do not apply to your bottom line cost. Most only apply to individual premiums such as physical damage coverage or medical payments. Even though it may seem like it’s possible to get free car insurance, you won’t be that lucky.
Insurance companies that may have these discounts may include but are not limited to:
It’s a good idea to ask every prospective company how you can save money. All car insurance discounts may not be available in your state.
The quickest method we recommend to compare policy rates is to understand most of the bigger providers participate in online systems to give you rate quotes. The only thing you need to do is give them rating details like driver details, if the vehicle is leased, your general credit rating, and whether you drive to work or school. Your insurance information is automatically sent to insurance carriers in your area and you receive quotes within a short period of time.
To get price quotes for your 1991 Oldsmobile Cutlass Calais, click here and see if a lower rate is available.
An important part of buying insurance is that you know the different types of things that go into determining insurance coverage rates. Having a good understanding of what controls the rates you pay enables informed choices that will entitle you to big savings.
Listed below are some of the factors insurance coverage companies consider when setting prices.
When buying the right insurance coverage, there really is no best way to insure your cars. Your needs are not the same as everyone else’s so this has to be addressed. For instance, these questions might help in determining whether you may require specific advice.
If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.
Auto insurance companies such as State Farm and Allstate constantly bombard you with ads in print and on television. They all seem to have a common claim that you can save if you switch your policy. How does each company say the same thing? It’s all in the numbers.
All the different companies can use profiling for the type of customer that makes them money. An example of a driver they prefer could possibly be between the ages of 30 and 50, insures multiple vehicles, and has excellent credit. A propective insured who matches those parameters will get the preferred rates and as a result will probably save when switching.
Drivers who do not match the requirements will be quoted more money and ends up with business not being written. The ads say “drivers who switch” but not “drivers who get quotes” save that much. That’s the way companies can make those claims. This emphasizes why drivers should get quotes from several different companies. Because you never know which insurance companies will provide you with the cheapest Oldsmobile Cutlass Calais insurance rates.
Knowing the specifics of a auto insurance policy aids in choosing the right coverages for your vehicles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring. Shown next are typical coverages found on the average auto insurance policy.
Comprehensive (Other than Collision)
This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like vandalism, hitting a bird, damage from a tornado or hurricane, falling objects and theft. The highest amount your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Medical expense insurance
Med pay and PIP coverage reimburse you for short-term medical expenses for things like chiropractic care, hospital visits, funeral costs and EMT expenses. They are used in conjunction with a health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover you and your occupants in addition to if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage
Liability car insurance
This will cover damages or injuries you inflict on other’s property or people that is your fault. This insurance protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.
Liability coverage protects against things such as court costs, medical expenses and funeral expenses. How much coverage you buy is up to you, but you should buy higher limits if possible.
Collision protection
Collision insurance covers damage to your Cutlass Calais resulting from colliding with an object or car. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against claims like crashing into a ditch, colliding with another moving vehicle and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. Drivers also have the option to increase the deductible to bring the cost down.
Protection from uninsured/underinsured drivers
Your UM/UIM coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for injuries to you and your family as well as your vehicle’s damage.
Because many people have only the minimum liability required by law, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
Cheap 1991 Oldsmobile Cutlass Calais insurance can be bought from both online companies in addition to many insurance agents, and you need to comparison shop both to have the best rate selection. There are still a few companies who do not provide online price quotes and most of the time these small insurance companies sell through independent agents.
As you prepare to switch companies, do not skimp on critical coverages to save a buck or two. Too many times, an insured cut physical damage coverage and learned later that the small savings ended up costing them much more. Your aim should be to purchase a proper amount of coverage for the lowest price while not skimping on critical coverages.
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