Tired of paying out the nose each month for car insurance? You are no different than many other drivers.
Popular companies such as Allstate, Liberty Mutual and State Farm constantly blast consumers with catchy ads and consumers find it hard to see through the deception and effectively compare rates to find the best deal.
If you currently have a car insurance policy, you should be able to cut costs considerably using this information. Finding the best rates is easy if you know what you’re doing. Nevertheless, car owners do need to know how insurance companies compete online and use this information to your advantage.
Consumers need to have an understanding of the different types of things that help determine the rates you pay for car insurance. Knowing what determines base rates empowers consumers to make smart changes that can help you get lower car insurance prices.
Auto insurance companies don’t always publicize every available discount very clearly, so we researched both well-publicized as well as the least known ways to save on auto insurance.
It’s important to understand that many deductions do not apply to your bottom line cost. Most cut the cost of specific coverages such as comprehensive or collision. So even though it sounds like all those discounts means the company will pay you, companies don’t profit that way.
Companies who might offer these money-saving discounts are:
It’s a good idea to ask every prospective company which discounts they offer. Savings might not be offered everywhere.
Auto insurance companies such as State Farm, Allstate and GEICO continually stream ads in print and on television. They all seem to make the same claim that you can save after switching to them. How does each company make the same claim? This is how they do it.
All the different companies have a preferred profile for the driver that earns them a profit. For instance, a desirable insured might be profiled as between the ages of 30 and 50, insures multiple vehicles, and chooses high deductibles. A propective insured who fits that profile will get very good rates and as a result will probably save quite a bit of money when switching.
Consumers who don’t meet these standards will be charged a higher premium and ends up with the customer not buying. Company advertisements say “customers that switch” not “people who quote” save that much money. That is how insurance companies can confidently advertise the savings. That is why you need to get as many quotes as possible. It is impossible to predict which auto insurance company will give you the biggest savings on Kia Sportage insurance.
When it comes to choosing coverage for your vehicles, there is no “best” method to buy coverage. Every situation is different so this has to be addressed. These are some specific questions can aid in determining whether your personal situation would benefit from professional advice.
If you can’t answer these questions then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier
Learning about specific coverages of your car insurance policy helps when choosing appropriate coverage for your vehicles. Car insurance terms can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages offered by car insurance companies.
Comprehensive insurance – This coverage covers damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive coverage pays for things such as hail damage, hitting a deer, damage from getting keyed and rock chips in glass. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.
Liability insurance – This coverage will cover injuries or damage you cause to other’s property or people in an accident. This insurance protects YOU from legal claims by others. It does not 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 values of 100/300/100 which stand for $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability coverage protects against claims such as attorney fees, structural damage and medical services. How much coverage you buy is a decision to put some thought into, but consider buying as much as you can afford.
Med pay and Personal Injury Protection (PIP) – Med pay and PIP coverage kick in for expenses for prosthetic devices, ambulance fees, hospital visits, pain medications and rehabilitation expenses. They can be utilized in addition to your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not an option in every state and may carry a deductible
Collision coverages – This pays for damage to your Sportage resulting from a collision with another car or object. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as backing into a parked car, crashing into a ditch, hitting a mailbox, damaging your car on a curb and colliding with another moving vehicle. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.
Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage gives you 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 Kia Sportage.
Since a lot of 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.
We’ve covered a lot of ways to lower your 2001 Kia Sportage insurance rates. The most important thing to understand is the more providers you compare, the better your comparison will be. Consumers could even find that the lowest priced insurance comes from a smaller regional carrier. Some small companies may cover specific market segments cheaper as compared to the big name companies such as GEICO and State Farm.
As you restructure your insurance plan, you should never buy less coverage just to save a little money. In many cases, someone sacrificed full coverage only to regret at claim time that they should have had better coverage. The aim is to get the best coverage possible at the best price while not skimping on critical coverages.
Additional detailed information can be read in these articles: