Have you fallen victim to an underperforming, overpriced auto insurance policy? Believe me when I say many consumers feel financially strained by their auto insurance policy. Many auto insurance companies vie for your business, and because of this it can be hard to compare insurance companies and get the definite best rate
If you are insured now or are shopping for new coverage, you can use these tips to get lower rates while maintaining coverages. Finding the best rates is quite easy. Consumers just need to learn the best way to find the lowest price on the web.
Companies don’t necessarily list every available discount in a way that’s easy to find, so the following is a list of both well-publicized and the more hidden discounts you could be receiving. If you aren’t receiving every discount available, you are throwing money away.
Keep in mind that some credits don’t apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like comprehensive or collision. So when it seems like all those discounts means the company will pay you, you’re out of luck.
Car insurance companies that may offer these money-saving discounts include:
It’s a good idea to ask every prospective company which discounts they offer. Savings might not apply in your area.
It’s important that you understand the rating factors that go into determining the rates you pay for car insurance. When you know what positively or negatively influences your rates enables informed choices that may reward you with much lower annual insurance costs.
Listed below are a partial list of the pieces car insurance companies consider when setting rates.
When it comes to choosing the right insurance coverage for your personal vehicles, there really is no single plan that fits everyone. Your needs are not the same as everyone else’s and your policy should reflect that. For example, these questions might point out if you would benefit from an agent’s advice.
If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier It’s fast, doesn’t cost anything and can provide invaluable advice.
Having a good grasp of your policy aids in choosing which coverages you need at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types found on most auto insurance policies.
Protection from uninsured/underinsured drivers – This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants and damage to your Hyundai Accent.
Due to the fact that many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for bills such as rehabilitation expenses, prosthetic devices and EMT expenses. They are used to fill the gap from your health insurance plan or if you lack health insurance entirely. It covers all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive (Other than Collision) – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive insurance covers things such as hail damage, fire damage and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability insurance – Liability insurance will cover damages or injuries you inflict on people or other property that is your fault. It protects YOU against claims from other people. It does not cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 100/300/100 that translate to $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000.
Liability insurance covers things such as pain and suffering, medical expenses, attorney fees, repair bills for other people’s vehicles and bail bonds. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.
Collision coverages – This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like backing into a parked car, sustaining damage from a pot hole, sideswiping another vehicle and rolling your car. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Another option is to choose a higher deductible to get cheaper collision coverage.
Lower-priced 2000 Hyundai Accent insurance is possible from both online companies and with local insurance agents, and you need to price shop both to have the best rate selection. There are still a few companies who do not offer online quoting and usually these small insurance companies provide coverage only through local independent agents.
As you shop your coverage around, make sure you don’t buy poor coverage just to save money. In many cases, drivers have reduced uninsured motorist or liability limits only to regret that the few dollars in savings costed them thousands. The ultimate goal is to purchase plenty of coverage at an affordable rate.
Additional detailed information can be found in the articles below: