I can’t think of a single person who looks forward to buying insurance, especially knowing the cost is way too high.
Insurance companies such as Progressive, GEICO and Farmers Insurance all promote huge savings with TV and radio ads and consumers find it hard to ignore the flying pigs and cute green geckos and take the time to shop coverage around.
Companies offering auto insurance don’t necessarily list every discount in a way that’s easy to find, so we break down some of the best known and the harder-to-find ways to save on auto insurance.
A little note about advertised discounts, most discount credits are not given to your bottom line cost. Most only reduce the cost of specific coverages such as comp or med pay. Just because it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.
To see a list of insurers with the best auto insurance discounts, follow this link.
When choosing the right insurance coverage for your vehicles, there isn’t really a best way to insure your cars. Each situation is unique so your insurance should reflect that These are some specific questions might help in determining whether you would benefit from professional advice.
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.
Allstate and Progressive continually stream television and radio advertisements. All the companies have a common claim about savings after switching to their company. How can each company say the same thing?
Insurance companies have a certain “appetite” for the type of customer that makes them money. For instance, a profitable customer might be profiled as over the age of 40, has no prior claims, and has a high credit rating. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and most likely will cut their rates substantially.
Potential customers who do not match the “perfect” profile must pay more money and this can result in the driver buying from a lower-cost company. The ads say “customers that switch” but not “drivers who get quotes” save that kind of money. This is how insurance companies can advertise the way they do. This illustrates why it’s extremely important to get as many comparisons as possible. It’s impossible to know the company that will give you the biggest savings on Audi S6 insurance.
Knowing the specifics of your car insurance policy can be of help when determining appropriate coverage and the correct deductibles and limits. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Shown next are typical coverages available from car insurance companies.
Liability coverage – Liability insurance will cover damage that occurs to a person or their property. It protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability insurance covers things like structural damage, legal defense fees, medical expenses and bail bonds. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.
Collision coverages – Collision coverage pays for damage to your S6 from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as colliding with a tree, hitting a mailbox and backing into a parked car. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. It’s also possible to raise the deductible to save money on collision insurance.
Comprehensive (Other than Collision) – This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then your comprehensive coverage will pay.
Comprehensive coverage protects against things such as damage from flooding, rock chips in glass and a tree branch falling on your vehicle. The maximum amount a car insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Medical expense insurance – Med pay and PIP coverage reimburse you for short-term medical expenses for doctor visits, chiropractic care and EMT expenses. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants as well as 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
Protection from uninsured/underinsured drivers – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your 2002 Audi S6.
Since many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important.
As you shop your coverage around, it’s very important that you do not reduce needed coverages to save money. In many instances, an insured cut comprehensive coverage or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your goal should be to find the BEST coverage at the best price.
In this article, we presented many ideas to lower your 2002 Audi S6 insurance rates. It’s most important to understand that the more times you quote, the better your chances of lowering your rates. Consumers may even find the best price on insurance is with some of the smallest insurance companies. Some small companies may often insure only within specific states and give getter rates than the large multi-state companies such as GEICO and State Farm.