Finding the lowest price for insurance coverage may seem to be difficult if you’ve never compared quoting online. But don’t let that discourage you because comparing prices is actually very simple.
You should take the time to do rate comparisons once or twice a year because rates fluctuate regularly. Despite the fact that you may have had the lowest rates for Regal insurance a couple years back there may be better deals available now. Ignore everything you know about insurance coverage because we’re going to demonstrate one of the best ways to properly buy coverages while reducing your premium.
Auto insurance companies don’t always publicize all available discounts very well, so we took the time to find both well-publicized and the harder-to-find discounts you could be receiving.
A little note about advertised discounts, most discount credits are not given to the overall cost of the policy. Most only cut the price of certain insurance coverages like medical payments or collision. So even though they make it sound like adding up those discounts means a free policy, you’re out of luck.
For a list of insurance companies offering auto insurance discounts, click here.
When it comes to choosing coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Everyone’s situation is unique.
For example, these questions might point out whether your personal situation would benefit from professional advice.
If it’s difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form.
Auto insurance providers like GEICO, State Farm and Progressive regularly use television and radio advertisements. They all make an identical promise of big savings if you move your policy. How does each company make the same claim?
Different companies have a preferred profile for the driver that earns them a profit. For instance, a driver they prefer might be profiled as between 30 and 50, has no tickets, and has a high credit rating. Any new insured who matches those parameters receives the best rates and is almost guaranteed to save when they switch companies.
Consumers who don’t measure up to the “perfect” profile will be quoted more money and this can result in the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “people who quote” save that much money. That is how companies can advertise the way they do. This emphasizes why it’s extremely important to compare many company’s rates. It’s not possible to predict which auto insurance company will provide you with the cheapest Buick Regal insurance rates.
Having a good grasp of car insurance can be of help when determining which coverages you need and proper limits and deductibles. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording.
Comprehensive insurance
Comprehensive insurance covers damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against things like vandalism, hitting a deer and a broken windshield. The highest amount your car insurance company will pay is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Collision insurance
Collision insurance covers damage to your Regal caused by collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like rolling your car, driving through your garage door and colliding with another moving vehicle. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Another option is to bump up the deductible to save money on collision insurance.
Uninsured/Underinsured Motorist (UM/UIM)
Your UM/UIM coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.
Since many 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.
Liability coverage
Liability insurance will cover damages or injuries you inflict on a person or their property. It protects YOU from legal claims by others, and doesn’t cover your injuries or vehicle damage.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.
Liability insurance covers things such as medical services, pain and suffering and structural damage. How much liability coverage do you need? That is your choice, but consider buying as high a limit as you can afford.
Med pay and Personal Injury Protection (PIP)
Med pay and PIP coverage reimburse you for bills for things like X-ray expenses, ambulance fees and doctor visits. The coverages can be utilized in addition to your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but can be used in place of medical payments coverage
When shopping online for auto insurance, it’s a bad idea to buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced uninsured motorist or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible at the best price.
Cheaper 2004 Buick Regal insurance is available on the web as well as from independent agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies don’t offer you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.
In this article, we covered many ideas to shop for insurance online. The key thing to remember is the more rate comparisons you have, the higher your chance of finding lower rates. Consumers could even find that the best prices are with a lesser-known regional company.