If shopping for auto insurance online is new to you, you may be confused due to the large number of online companies competing for business.
It is always a good idea to check auto insurance prices occasionally because prices change regularly. If you had the best price on Continental GT Speed Convertible insurance last year there may be better deals available now. Starting right now, ignore everything you know about auto insurance because we’re going to show you the things you must know in order to properly buy coverages and cut your premium.
Finding affordable coverage is not that difficult. Just about every driver who carries insurance will more than likely be able to reduce their rates. Nevertheless, drivers must comprehend the way insurance companies price insurance differently because it can help you find the best coverage.
Auto insurance companies don’t always list all their discounts very well, so we break down both the well known and also the lesser-known ways to save on auto insurance.
Keep in mind that most of the big mark downs will not be given to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it may seem like you could get a free auto insurance policy, it doesn’t quite work that way.
For a list of providers with discount auto insurance rates, click here to view.
When it comes to choosing proper insurance coverage, there really is not a “perfect” insurance plan. Every insured’s situation is different.
Here are some questions about coverages that might point out if your situation might need professional guidance.
If you’re not sure about those questions but you know they apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form.
Insurance coverage companies such as State Farm and Allstate constantly bombard you with television and radio advertisements. They all seem to make the same claim that you can save if you switch your policy. But how can every company claim to save you money? It’s all in the numbers.
Different companies have a certain “appetite” for the driver that makes them money. A good example of a driver they prefer could possibly be a mature driver, is a homeowner, and drives less than 10,000 miles a year. Any new insured who matches those parameters receives the best rates and most likely will save when switching.
Consumers who do not match the “perfect” profile will have to pay higher premiums which leads to the driver buying from a lower-cost company. The ads state “customers that switch” not “everybody who quotes” save that much. That is how insurance companies can advertise the way they do. Because of the profiling, you should quote coverage with many companies. It’s just too difficult to predict which insurance companies will give you the biggest savings on Bentley Continental GT Speed Convertible insurance.
Having a good grasp of a insurance policy can be of help when determining appropriate coverage for your vehicles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording.
Liability coverage – This coverage will cover damage or injury you incur to people or other property. It protects YOU against other people’s claims. Liability doesn’t cover damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 25/50/25 which means 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 can pay for claims like bail bonds, attorney fees, structural damage, loss of income and court costs. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.
Medical payments coverage and PIP – Coverage for medical payments and/or PIP kick in for immediate expenses like rehabilitation expenses, hospital visits, prosthetic devices, chiropractic care and dental work. They are used to fill the gap from your health insurance program or if you are not covered by health insurance. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. PIP coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Collision – Collision insurance covers damage to your Continental GT Speed Convertible resulting from a collision with an object or car. A deductible applies then your collision coverage will kick in.
Collision coverage protects against things such as hitting a parking meter, driving through your garage door, sideswiping another vehicle and crashing into a ditch. This coverage can be expensive, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible to save money on collision insurance.
Comprehensive coverage – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like a tree branch falling on your vehicle, hitting a bird, fire damage and a broken windshield. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Uninsured/Underinsured Motorist coverage – This gives you protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries to you and your family and damage to your 2014 Bentley Continental GT Speed Convertible.
Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.
The cheapest 2014 Bentley Continental GT Speed Convertible insurance can be bought both online as well as from independent agents, and you need to price shop both to have the best rate selection. There are still a few companies who don’t offer online quoting and many times these regional insurance providers only sell through independent insurance agents.
As you prepare to switch companies, it’s not a good idea to reduce needed coverages to save money. In too many instances, an insured dropped uninsured motorist or liability limits and discovered at claim time that the small savings ended up costing them much more. Your goal should be to buy the best coverage you can find at the best price while still protecting your assets.
You just read some good ideas how to shop for insurance online. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. Consumers could even find that the most savings is with the least-expected company.
Additional information is available at these links: