Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me when I say there are many people just like you. Multiple insurers compete for your insurance dollar, and it can be difficult to compare rates to discover the definitive lowest rate possible.
You should take the time to do rate comparisons once or twice a year because insurance rates trend upward over time. Even if you got the best rates on Canyon coverage on your last policy the chances are good that you can find a lower rate today. You can find a lot of misleading information regarding car insurance on the internet, so I’m going to show you some guaranteed methods to stop overpaying for insurance.
If you are insured now or need a new policy, you can use these tips to cut your premiums and possibly find even better coverage. Finding affordable coverage is quite easy. Consumers just need to know the tricks to compare rates online.
Vehicle Insurance Comparison
All major car insurance companies allow you to get insurance quotes directly from their websites. Getting online quotes is quite easy as you just type in your required coverages as requested by the quote form. Once you submit the form, the company’s rating system collects your driving record and credit report and returns a price determined by many factors. Being able to quote online makes comparing rates easy, but the process of having to visit multiple sites and type in the same information is monotonous and tiresome. But it’s very important to do this in order to find the lowest car insurance rates.
A less time-consuming method to locate the lowest prices utilizes a single form that gets price quotes from several different companies. It saves time, requires much less work on your part, and makes rate comparisons a lot less work. Immediately after you send the form, it is rated and you are able to buy any or none of the quotes that you receive.
If you find a better price you simply finish the application and buy the new coverage. The whole process takes just a few minutes to complete and you will know how your current rates stack up.
In order to use this form to compare rates, click here and submit the form. If you currently have coverage, we recommend you input the coverage information identical to your current policy. Using the same limits helps guarantee you will be getting comparison quotes using the exact same coverages.
Parts of your car insurance policy
Having a good grasp of your policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Listed below are typical coverage types found on the average car insurance policy.
Uninsured/Underinsured Motorist coverage
This protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your GMC Canyon.
Due to the fact that many drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family. Frequently the UM/UIM limits are set the same as your liablity limits.
Auto liability
Liability insurance will cover damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU against other people’s claims. It does not cover damage sustained by your vehicle in an accident.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 25/50/25 that means you have $25,000 bodily injury coverage, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000. Another option is one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability can pay for things such as attorney fees, bail bonds and repair bills for other people’s vehicles. How much coverage you buy is up to you, but it’s cheap coverage so purchase as much as you can afford.
Comprehensive coverage
Comprehensive insurance pays for damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as vandalism, hail damage and theft. The maximum amount a car insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Collision protection
Collision insurance will pay to fix damage to your Canyon from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.
Collision coverage protects against things like backing into a parked car, crashing into a building, hitting a mailbox, damaging your car on a curb and colliding with a tree. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.
Medical payments coverage and PIP
Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses such as hospital visits, ambulance fees, nursing services, prosthetic devices and EMT expenses. The coverages 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 and also covers being hit by a car walking across the street. PIP coverage is not universally available but can be used in place of medical payments coverage
