Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out.
Many insurers vie to insure your vehicles, so it’s not easy to compare every insurer to discover the definitive best price available.
An important part of buying insurance is that you know the rating factors that come into play when calculating auto insurance rates. Having a good understanding of what determines base rates enables informed choices that could result in much lower annual insurance costs.
The list below includes some of the items auto insurance companies consider when setting premiums.
All major insurance coverage companies like State Farm, Allstate and GEICO quote pricing on their websites. The process is pretty painless as you just enter your personal and coverage information as requested by the quote form. Once entered, the system orders your driving record and credit report and generates pricing information based on these and other factors. Online quotes simplifies rate comparisons, but the time required to go to many different websites and fill out multiple forms is repetitive and time-consuming. But it is imperative to perform this step in order to find the lowest possible prices on insurance coverage.
A less time-consuming method to lower your rates uses one form to obtain quotes from more than one company. This type of form saves time, eliminates form submissions, and makes rate comparisons much easier. After your information is entered, your coverage is rated with multiple companies and you can pick any of the quote results. If you find a better price it’s easy to complete the application and purchase the new policy. It can be completed in a matter of minutes and may save quite a bit of money.
If you want to find out how much you can save on insurance coverage, click here and complete the simple form. If you currently have coverage, we recommend you replicate deductibles and limits identical to your current policy. This makes sure you’re receiving a fair comparison for exact coverage.
Auto insurance companies do not advertise every available discount very well, so we break down some of the best known and the harder-to-find ways to save on insurance.
It’s important to note that some credits don’t apply to all coverage premiums. Most only cut the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like all those discounts means the company will pay you, it just doesn’t work that way.
For a list of insurers with discount insurance rates, follow this link.
When it comes to choosing the best auto insurance coverage for your vehicles, there is no “best” method to buy coverage. Each situation is unique and your policy should reflect that. These are some specific questions might help in determining if you could use an agent’s help.
If you don’t know the answers to these questions, then you may want to think about talking to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of auto insurance companies in your area.
Knowing the specifics of your policy can be of help when determining the right coverages and the correct deductibles and limits. Insurance terms can be impossible to understand and coverage can change by endorsement. Shown next are typical coverages found on the average insurance policy.
UM/UIM Coverage
This gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your Volkswagen Tiguan.
Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is important protection for you and your family.
Liability insurance
This coverage will cover damage or injury you incur to people or other property. This coverage protects you against claims from other people. Liability 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 might see values of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and $25,000 of coverage for damaged propery.
Liability coverage protects against claims like funeral expenses, pain and suffering and structural damage. How much liability should you purchase? That is your choice, but buy as large an amount as possible.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for pain medications, nursing services, EMT expenses and X-ray expenses. They can be utilized in addition to your health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available and may carry a deductible
Collision insurance
Collision insurance will pay to fix damage to your Tiguan caused by collision with another vehicle or an object, but not an animal. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against claims such as scraping a guard rail, sideswiping another vehicle, hitting a mailbox and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to increase the deductible to get cheaper collision coverage.
Comprehensive or Other Than Collision
This coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage pays for things such as falling objects, damage from getting keyed and a tree branch falling on your vehicle. The highest amount a insurance company will pay at claim time 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.
Throughout this article, we presented some good ideas how you can shop for 2013 Volkswagen Tiguan insurance online. The key thing to remember is the more rate quotes you have, the better likelihood of reducing your rate. You may even discover the best price on car insurance is with the least-expected company. Regional companies may cover specific market segments cheaper compared to the large companies like Allstate, GEICO and Progressive.
As you go through the steps to switch your coverage, it’s not a good idea to buy lower coverage limits just to save a few bucks. In many cases, someone sacrificed full coverage to discover at claim time that the savings was not a smart move. Your focus should be to purchase plenty of coverage at the best price.
Additional detailed information can be found in the articles below: