Nobody likes paying for insurance, especially knowing their premiums are through the roof.
Insurance companies such as State Farm, Farmers Insurance, GEICO and Allstate continually bombard you with catchy ads and it can be hard to ignore the propoganda and find the best price available.
If you are paying for car insurance now, you will most likely be able to save some money using this information. Finding the best rates is not that difficult. But drivers can benefit from knowing the methods companies use to sell online and take advantage of how the system works.
The cost of insuring your cars can be expensive, but you can get discounts that many people don’t even know exist. Certain discounts will be triggered automatically at the time of purchase, but a few must be requested specifically before they will apply.
Consumers should know that some credits don’t apply to the entire cost. Most only cut specific coverage prices like collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, it just doesn’t work that way. Any qualifying discounts will reduce the cost of coverage.
For a list of providers offering insurance discounts, click this link.
Consumers need to have an understanding of the different types of things that help determine the price you pay for insurance. Understanding what controls the rates you pay enables informed choices that can help you get better insurance rates.
When it comes to choosing the right insurance coverage for your personal vehicles, there really is no perfect coverage plan. Your needs are not the same as everyone else’s so this has to be addressed. For example, these questions may help highlight whether or not you might need an agent’s assistance.
If you can’t answer these questions but a few of them apply then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
Auto insurance companies such as State Farm and Allstate regularly use ads on TV and radio. They all seem to make an identical promise that you’ll save big if you move to their company. How does each company say the same thing?
Different companies are able to cherry pick for the driver that is profitable for them. A good example of a profitable customer might be profiled as over the age of 50, is a homeowner, and drives less than 10,000 miles a year. A propective insured who matches those parameters is entitled to the best price and is almost guaranteed to pay quite a bit less when switching companies.
Potential insureds who do not match the “perfect” profile will be charged higher rates and ends up with the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “people who quote” save that much. That’s why companies can advertise the way they do.
That is why you should get as many comparisons as possible. It’s just too difficult to predict which insurance companies will provide you with the cheapest Hyundai Elantra insurance rates.
Knowing the specifics of your insurance policy can be of help when determining the right coverages for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. Below you’ll find typical coverages found on the average insurance policy.
Insurance for medical payments – Coverage for medical payments and/or PIP kick in for bills such as ambulance fees, hospital visits and prosthetic devices. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Liability auto insurance – This protects you from damage that occurs to other people or property by causing an accident. It protects YOU against claims from other people. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 25/50/25 which stand for $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers things like bail bonds, repair costs for stationary objects, funeral expenses, medical expenses and court costs. How much liability coverage do you need? That is up to you, but you should buy as much as you can afford.
Collision coverage – This pays for damage to your Elantra caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage pays for things such as backing into a parked car, crashing into a building and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. Another option is to raise the deductible to bring the cost down.
Comprehensive coverage (or Other than Collision) – This pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for claims like damage from getting keyed, rock chips in glass, damage from a tornado or hurricane, fire damage and a broken windshield. The highest amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance – Your UM/UIM coverage provides protection from other motorists when they either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your 1999 Hyundai Elantra.
Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea. Most of the time these limits do not exceed the liability coverage limits.
Affordable 1999 Hyundai Elantra insurance can be purchased online and with local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers do not offer online quoting and most of the time these regional insurance providers sell through independent agents.
We just showed you a lot of tips how to save on insurance. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding lower rates. You may be surprised to find that the lowest rates come from the smaller companies. These companies may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.
While you’re price shopping online, it’s not a good idea to buy less coverage just to save a little money. In many instances, drivers have reduced physical damage coverage only to regret that the few dollars in savings costed them thousands. The ultimate goal is to find the BEST coverage at the best price.
Much more information about insurance coverage can be found on the following sites: