I can’t think of anyone who looks forward to paying for insurance coverage, especially when the cost is way too high. Many auto insurance companies compete to insure your vehicles, and it can be difficult to compare rates to find the absolute cheapest price
Smart consumers have a good feel for the different types of things that help determine your car insurance rates. Understanding what controls the rates you pay allows you to make educated decisions that may reward you with lower car insurance prices.
The following are some of the factors companies use to determine rates.
Companies that sell car insurance don’t always publicize every discount very clearly, so we break down some of the more common and also the lesser-known insurance savings. If you’re not getting every credit you qualify for, you are paying more than you should be.
As a disclaimer on discounts, most discount credits are not given to the entire cost. Most only cut specific coverage prices like comp or med pay. Even though it may seem like all the discounts add up to a free policy, you won’t be that lucky.
To see a list of insurers offering insurance discounts, click here.
When it comes to choosing proper insurance coverage, there really is no one size fits all plan. Everyone’s needs are different and your policy should reflect that. Here are some questions about coverages that can aid in determining whether your personal situation would benefit from professional advice.
If you don’t know the answers to these questions but one or more may apply to you, you may need to chat with 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. It is quick, free and you can get the answers you need.
Understanding the coverages of insurance can help you determine appropriate coverage for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages offered by insurance companies.
Collision coverages – Collision coverage pays for damage to your Express resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision coverage pays for things like sustaining damage from a pot hole, rolling your car, colliding with another moving vehicle and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Another option is to choose a higher deductible to bring the cost down.
Coverage for medical expenses – Coverage for medical payments and/or PIP provide coverage for bills for things like EMT expenses, hospital visits and prosthetic devices. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all vehicle occupants as well as getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage
Coverage for uninsured or underinsured drivers – This provides protection from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your Chevy Express.
Because many people carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.
Liability coverages – This coverage provides protection from damage that occurs to people or other property that is your fault. It protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
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 50/100/50 that means you have a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.
Liability coverage protects against things like pain and suffering, emergency aid, loss of income, bail bonds and structural damage. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.
Comprehensive insurance – This coverage covers damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as rock chips in glass, falling objects, hitting a bird and theft. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Cheap 2005 Chevy Express insurance is attainable from both online companies and also from your neighborhood agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance providers may not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.
As you restructure your insurance plan, don’t be tempted to reduce coverage to reduce premium. There have been many cases where someone dropped liability coverage limits only to regret at claim time that the few dollars in savings costed them thousands. Your goal should be to buy enough coverage for the lowest price.
Much more information about car insurance is located at these links: