Wish you could get out of an overpriced auto insurance policy? It’s a common feeling and many drivers feel the same as you. Vehicle owners have so many insurance companies to buy insurance from, and although it’s a good thing to have multiple companies, too many choices makes it more difficult to compare rates and cut insurance costs.
Finding affordable coverage is quite easy. If you have car insurance now, you will most likely be able to cut costs considerably using these methods. Consumers only need an understanding of the most efficient way to compare prices online.
The most recommended method to get rate comparisons takes advantage of the fact car insurance companies actually pay money for the chance to give you rate quotes. To begin a comparison, all you need to do is give the companies some data like which vehicles you own, your credit rating estimate, whether you are single or married, and how many miles driven. That rating information is instantly provided to many of the top insurers and they return rate quotes quickly.
To start a quote now, click here then complete the form.
Auto insurance companies offer money-saving discounts
Companies that sell car insurance do not advertise the complete list of policy discounts very well, so we break down some of the best known and the harder-to-find ways to save on auto insurance.
- Distant Student – Youth drivers who are enrolled in higher education away from home and don’t have a car can be insured at a reduced rate.
- Organization Discounts – Being a member of a qualifying organization could trigger savings on auto insurance.
- Low Mileage Discounts – Fewer annual miles on your Jaguar could be rewarded with substantially lower premium rates.
- Save with a New Car – Putting insurance on a new car may earn a small discount because new vehicles keep occupants safer.
- Seat Belts Save – Drivers who require all vehicle occupants to buckle their seat belts may be able to save a few bucks off the personal injury premium cost.
- Theft Deterent Discount – Anti-theft and alarm system equipped vehicles prevent vehicle theft and earn discounts up to 10% off your .
- Multi-policy Discount – When you combine your auto and home insurance with one insurance company you will save up to 20% and get you .
- Multiple Cars – Purchasing coverage when you have primary and secondary vehicles on the same auto insurance policy can get a discount for every vehicle.
Keep in mind that many deductions do not apply the the whole policy. Most cut the cost of specific coverages such as comp or med pay. So even though they make it sound like all the discounts add up to a free policy, it just doesn’t work that way.
To see a list of insurance companies that offer many of these discounts, click here to view.
Auto insurance is unique, just like you
When buying proper insurance coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions can aid in determining if your situation might need professional guidance.
- Does my policy cover me when driving someone else’s vehicle?
- Why am I be forced to buy a membership to get insurance from some companies?
- Am I covered when driving a rental car?
- Do I need rental car coverage?
- Is my business laptop covered if it gets stolen from my vehicle?
- What if I total my Jaguar XK8 and owe more than it’s worth?
- Will I lose any money if I cancel my policy before it expires?
- Should I buy additional glass protection?
- Is pleasure use cheaper than using my Jaguar XK8 to commute?
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.
Auto insurance coverage specifics
Learning about specific coverages of your auto insurance policy helps when choosing the best coverages and proper limits and deductibles. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Shown next are typical coverages offered by auto insurance companies.
Medical payments coverage and PIP
Medical payments and Personal Injury Protection insurance kick in for bills like chiropractic care, dental work and rehabilitation expenses. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Collision protection
Collision insurance covers damage to your XK8 resulting from colliding with an object or car. A deductible applies then your collision coverage will kick in.
Collision insurance covers things like crashing into a ditch, sideswiping another vehicle, crashing into a building, backing into a parked car and damaging your car on a curb. Paying for collision coverage can be pricey, so consider dropping it from older vehicles. Another option is to increase the deductible in order to get cheaper collision rates.
Uninsured/Underinsured Motorist coverage
This coverage protects you and your vehicle when the “other guys” either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your Jaguar XK8.
Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.
Comprehensive coverage
This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like rock chips in glass, a tree branch falling on your vehicle and hitting a bird. The maximum payout you’ll receive from a claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Liability
This coverage protects you from damage or injury you incur to other people or property that is your fault. This insurance protects YOU from claims by other people. It does not cover damage to your own property or vehicle.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 100/300/100 which means a limit of $100,000 per injured person, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.
Liability insurance covers claims like pain and suffering, loss of income and funeral expenses. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase higher limits if possible.
