Having to pay for overpriced insurance can empty your bank account and make it impossible to make ends meet. Comparing price quotes is free and is an excellent way to cut your insurance bill. Because there are so many online and local companies to choose from, it can be challenging to pick the lowest price insurance company.
The price of auto insurance can be rather high, but there could be available discounts to help offset the cost. A few discounts will automatically apply when you complete an application, but a few must be asked about before being credited. If you aren’t receiving every discount possible, you are throwing money away.
Keep in mind that some of the credits will not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like comp or med pay. So even though it sounds like you would end up receiving a 100% discount, companies wouldn’t make money that way. But any discount will bring down the amount you have to pay.
To see a list of insurers with the best car insurance discounts, follow this link.
When choosing adequate coverage for your personal vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For example, these questions might help in determining whether or not you might need professional guidance.
If it’s difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It only takes a few minutes and may give you better protection.
Understanding the coverages of your policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. Listed below are the normal coverages available from insurance companies.
Comprehensive or Other Than Collision
This covers damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.
Comprehensive insurance covers things such as theft, damage from a tornado or hurricane, fire damage, vandalism and damage from getting keyed. The highest amount you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Collision coverage protection
This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.
Collision can pay for claims like driving through your garage door, sideswiping another vehicle, crashing into a ditch, colliding with another moving vehicle and damaging your car on a curb. Paying for collision coverage can be pricey, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.
Auto liability insurance
This can cover damages or injuries you inflict on people or other property by causing an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You commonly see liability limits of 50/100/50 which stand for $50,000 bodily injury coverage, a per accident bodily injury limit of $100,000, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see a combined limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability coverage protects against things such as medical services, bail bonds and court costs. How much liability should you purchase? That is a decision to put some thought into, but consider buying as much as you can afford.
Medical costs insurance
Coverage for medical payments and/or PIP kick in for immediate expenses for chiropractic care, surgery, nursing services and rehabilitation expenses. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not universally available and gives slightly broader coverage than med pay
UM/UIM Coverage
This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2013 Nissan Quest.
Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally these limits are similar to your liability insurance amounts.
Discount 2013 Nissan Quest insurance can be purchased from both online companies and with local insurance agents, and you need to price shop both to have the best selection. A few companies do not offer online price quotes and many times these smaller companies only sell through independent insurance agents.
We covered many tips how you can compare insurance prices online. It’s most important to understand that the more times you quote, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with a company that doesn’t do a lot of advertising. Some small companies may have significantly lower rates on certain market segments than their larger competitors like Progressive or GEICO.
As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. In many cases, someone dropped full coverage and found out when filing a claim that it was a big error on their part. Your strategy should be to buy enough coverage at an affordable rate.
More tips and info about insurance coverage can be found in the articles below: