Feel like you’re a prisoner to an underperforming, overpriced auto insurance policy? Believe me when I say many consumers feel financially strained by their auto insurance policy.
Many car insurance companies vie to insure your vehicles, and because of this it can be hard to compare insurers and get the best coverage at the lowest cost out there.
Consumers should take time to check auto insurance prices occasionally since rates go up and down regularly. Even if you think you had the best rates for Cooper Clubman insurance on your last policy you can probably find a lower rate today. Ignore everything you know about auto insurance because I’m going to let you in on the secrets to the easiest way to reduce your cost while improving coverage.
If you are paying for car insurance now, you should be able to lower your premiums substantially using this strategy. Finding the best rates is easy if you know what you’re doing. Although drivers must learn the way companies price insurance differently and take advantage of how the system works.
Companies do not list all their discounts in a way that’s easy to find, so the following is a list of both well-publicized and the harder-to-find discounts you could be receiving.
It’s important to understand that most discount credits are not given to the entire policy premium. The majority will only reduce the price of certain insurance coverages like physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, insurance companies aren’t that generous.
Companies that possibly offer these money-saving discounts include:
Check with all companies you are considering how you can save money. All car insurance discounts may not apply in every state.
The method we recommend to compare car insurance rates is to know all the major auto insurance companies pay for the opportunity to quote your coverage. All consumers are required to do is spend a couple of minutes providing details like how much you drive, how much education you have, whether the vehicles are used for commuting, and types of safety features. Your rating data is automatically sent to many different companies and you get price estimates immediately.
When it comes to choosing the best auto insurance coverage for your vehicles, there really is no “best” method to buy coverage. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions could help you determine if your situation would benefit from an agent’s advice.
If you can’t answer these questions but you know they apply to you then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies.
Understanding the coverages of a insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Insurance terms can be confusing and even agents have difficulty translating policy wording. Listed below are the normal coverages found on the average insurance policy.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as dental work, pain medications and chiropractic care. They are often used in conjunction with a health insurance policy or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay
Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things such as damage from getting keyed, damage from flooding and a broken windshield. The maximum payout 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 not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance – This provides protection from other motorists when they are uninsured or don’t have enough coverage. It can pay for injuries sustained by your vehicle’s occupants and damage to your MINI Cooper Clubman.
Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked.
Coverage for liability – This coverage will cover damage or injury you incur to a person or their property. It protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three 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 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.
Liability insurance covers claims like structural damage, loss of income and pain and suffering. The amount of liability coverage you purchase is a personal decision, but you should buy higher limits if possible.
Collision coverage – Collision insurance covers damage to your Cooper Clubman caused by collision with an object or car. A deductible applies and then insurance will cover the remainder.
Collision can pay for things such as hitting a mailbox, colliding with another moving vehicle and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are older. It’s also possible to increase the deductible to get cheaper collision coverage.
As you shop your coverage around, it’s a bad idea to skimp on critical coverages to save a buck or two. In too many instances, an insured dropped uninsured motorist or liability limits only to find out they didn’t purchase enough coverage. Your goal should be to find the BEST coverage for the lowest price.
In this article, we covered many ideas to save on 2014 MINI Cooper Clubman insurance. It’s most important to understand that the more quotes you get, the higher the chance of saving money. You may even find the lowest premiums are with some of the smallest insurance companies. Regional companies can often insure niche markets at a lower cost than their larger competitors like State Farm or Progressive.