No one looks forward to paying for insurance coverage, especially knowing they are paying too much. Many insurers compete for your insurance dollar, and it can be difficult to compare rates and get the definite lowest price
Shopping for lower auto insurance rates can take hours if you aren’t aware of the best way to get rate quotes. You can spend your afternoon driving to agents in your area, or you could save time and use the internet to achieve your goal.
All the larger companies participate in an industry program that allows shoppers to submit one quote, and each company can provide price quotes. This system prevents you from having to do form submissions for every auto insurance company. To participate in this free quote system, click to open in new window.
The one disadvantage to getting quotes like this is you don’t know exactly which providers to receive prices from. So if you want to choose individual companies to request quotes from, we have assembled a list of auto insurance companies in your area. Click here to view list.
However you get your quotes, be sure to compare apples-to-apples coverage information for every quote you compare. If you have different liability limits it will be next to impossible to make a fair comparison for your Maserati Quattroporte.
Insuring your vehicles can cost a lot, but discounts can save money and there are some available to cut the cost considerably. Some trigger automatically when you get a quote, but some must be specifically requested prior to receiving the credit. If you don’t get every credit you qualify for, you are throwing money away.
It’s important to note that some of the credits will not apply to your bottom line cost. Most only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, insurance companies aren’t that generous. But any discount will reduce your premiums.
For a list of insurers with the best insurance discounts, click this link.
When choosing the right insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s needs are different so your insurance should reflect that For example, these questions may help highlight whether you will benefit from professional help.
If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance companies in your area. It’s fast, free and can help protect your family.
Understanding the coverages of your policy aids in choosing the right coverages for your vehicles. Insurance terms can be ambiguous and coverage can change by endorsement. Listed below are the normal coverages available from insurance companies.
This coverage will pay to fix damage to your Quattroporte from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims such as crashing into a ditch, hitting a parking meter, damaging your car on a curb, sideswiping another vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible in order to get cheaper collision rates.
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as damage to your 2015 Maserati Quattroporte.
Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage is a good idea. Usually your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Liability coverage protects you from damage or injury you incur to a person or their property. This coverage protects you against claims from other people, and does not provide coverage for 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. Your policy might show policy limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.
Liability can pay for claims like repair costs for stationary objects, structural damage, court costs, legal defense fees and loss of income. How much liability should you purchase? That is up to you, but you should buy higher limits if possible.
Medical payments and Personal Injury Protection insurance provide coverage for short-term medical expenses such as nursing services, rehabilitation expenses, surgery, pain medications and hospital visits. They can be used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. It covers you and your occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible
This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers things like a broken windshield, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.