Have you fallen victim to an overpriced auto insurance policy? Trust us when we tell you many consumers feel financially strained by their auto insurance policy.
Companies like GEICO, Progressive and Allstate continually bombard you with catchy ads and consumers find it hard to ignore the propoganda and take the time to shop coverage around.
Smart consumers take time to check auto insurance prices quite often because prices tend to go up over time. Even if you got the best deal on Montana coverage last year you may be paying too much now. There is a lot of bad advice regarding auto insurance on the internet, so by reading this article, you’re going to learn a lot of great tips on how to reduce your auto insurance bill.
There are several ways to compare quotes and find the best price. The recommended way to find the cheapest 2001 Pontiac Montana insurance rates is to use the internet to compare rates. This can be done in several different ways.
It’s your choice how you get your quotes, but ensure you are comparing apples-to-apples coverage limits for each comparison quote. If the quotes have different deductibles you can’t possibly truly determine the lowest rate. Slightly different coverages could mean much higher rates. And when price shopping your coverage, comparing a large number of companies will increase your chances of finding the best offered rates.
Companies like Progressive, GEICO, Allstate and State Farm regularly use ads on television and other media. All the ads make the same claim that you’ll save big if you move your coverage to them. But how can every company claim to save you money?
All the different companies have a preferred profile for the right customer that makes them money. A good example of a preferred risk could possibly be between 30 and 50, is a homeowner, and has great credit. A propective insured who meets those qualifications gets the lowest rates and most likely will pay quite a bit less when switching companies.
Consumers who are not a match for these standards must pay higher rates and this can result in business not being written. The ads say “customers that switch” not “everybody who quotes” save that much money. That is how companies can state the savings.
This illustrates why you need to get as many comparisons as possible. It’s not possible to predict which car insurance company will give you the biggest savings on Pontiac Montana insurance.
Insuring your vehicles can cost a lot, buy you may qualify for discounts that you may not know about. Some discounts apply automatically at quote time, but lesser-known reductions have to be requested specifically before being credited.
Drivers should understand that some of the credits will not apply to the entire policy premium. Most only apply to the cost of specific coverages such as medical payments or collision. So when the math indicates adding up those discounts means a free policy, companies wouldn’t make money that way. Any qualifying discounts will cut your premiums.
To see a list of insurers who offer insurance coverage discounts, click here to view.
When it comes to buying adequate coverage for your vehicles, there isn’t really a cookie cutter policy. Your needs are not the same as everyone else’s so your insurance needs to address that. These are some specific questions can help discover if your insurance needs would benefit from professional advice.
If you can’t answer these questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area.
Knowing the specifics of your policy aids in choosing appropriate coverage and the correct deductibles and limits. The terms used in a policy can be ambiguous and nobody wants to actually read their policy. Below you’ll find typical coverages found on the average insurance policy.
Comprehensive (Other than Collision)
This pays for damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as a tree branch falling on your vehicle, hitting a bird, rock chips in glass, theft and vandalism. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Auto liability
This coverage provides protection from injuries or damage you cause to other people or property that is your fault. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show values of 100/300/100 that translate to a limit of $100,000 per injured person, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Another option is a combined single limit or CSL which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage pays for claims such as emergency aid, repair costs for stationary objects and pain and suffering. How much coverage you buy is a personal decision, but you should buy as large an amount as possible.
Protection from uninsured/underinsured drivers
Uninsured or Underinsured Motorist coverage gives you protection from other drivers when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your Pontiac Montana.
Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.
Medical expense insurance
Medical payments and Personal Injury Protection insurance pay for immediate expenses such as doctor visits, surgery, rehabilitation expenses and pain medications. They can be used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not universally available and may carry a deductible
Collision coverage protection
Collision coverage will pay to fix damage to your Montana caused by collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision coverage protects against things like backing into a parked car, scraping a guard rail, sustaining damage from a pot hole, crashing into a building and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.
As you go through the steps to switch your coverage, never reduce needed coverages to save money. Too many times, an insured dropped uninsured motorist or liability limits only to find out that the savings was not a smart move. Your aim should be to buy enough coverage for the lowest price while not skimping on critical coverages.
Budget-conscious 2001 Pontiac Montana insurance can be found both online and with local insurance agents, so compare prices from both in order to have the best chance of saving money. A few companies do not offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.
Much more information about auto insurance is located at these links: