No one in their right mind enjoys paying for auto insurance, especially knowing the price is too high.
Having so many insurance providers from which to choose, it can be challenging to find the lowest price company.
Consumers should take time to price shop coverage on a regular basis since insurance rates are usually higher with each renewal. Just because you found the best price on TJ insurance a few years ago you will most likely find a better rate today. Ignore everything you know about auto insurance because we’re going to demonstrate the proper way to properly buy coverages while reducing your premium.
How to Compare Auto Insurance Costs
To find the best auto insurance prices, there are several ways of comparing rates from different insurance companies. The best way to find the lowest Jeep TJ rates is to perform an online rate comparison. This can be done in a couple of different ways.
- The best way consumers can analyze rates would be an industry-wide quote request form like this one (opens in new window). This form keeps you from doing separate forms to each individual auto insurance company. Completing one form will return price quotes .
- A less efficient way to get quotes online requires a trip to each individual company website to complete their respective quote request forms. For instance, let’s say you want comparison quotes from Nationwide, GEICO and Travelers. To get each rate you have to go to every website and enter your policy data, which is why the first method is more popular.
For a list of links to companies insuring cars in your area, click here.
However you get your quotes, be sure to compare exactly the same coverage limits with each company. If you use unequal deductibles or liability limits then you won’t be able to find the best deal for your Jeep TJ. Quoting even small variations in coverages may result in large price differences. Just keep in mind that getting more free quotes helps you find the best price.
Discounts are great for lower rates
Car insurance companies don’t always advertise every available discount very well, so we break down some of the best known as well as the least known ways to save on auto insurance.
- Discount for New Cars – Putting insurance coverage on a new car can be considerably cheaper compared to insuring an older model.
- Pay Now and Pay Less – If paying your policy premium upfront instead of making monthly payments you could save 5% or more.
- Organization Discounts – Participating in a professional or civic organization could trigger savings when shopping for auto insurance on TJ insurance.
- Passive Restraint Discount – Vehicles with factory air bags or automatic seat belts may earn rate discounts of more than 20%.
- Student in College – Any of your kids living away from home attending college and do not have a car may be able to be covered for less.
- Federal Employees – Employees or retirees of the government can save as much as 8% on TJ insurance with a few auto insurance companies.
Consumers should know that some credits don’t apply to the entire policy premium. Some only reduce the price of certain insurance coverages like comp or med pay. So even though it sounds like you can get free auto insurance, companies wouldn’t make money that way.
To see a list of insurance companies with the best auto insurance discounts, click here.
Specifics of your auto insurance policy
Knowing the specifics of a auto insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be ambiguous and reading a policy is terribly boring. These are typical coverages offered by auto insurance companies.
Medical payments and PIP coverage – Medical payments and Personal Injury Protection insurance pay for bills such as rehabilitation expenses, chiropractic care, surgery, X-ray expenses and funeral costs. They are utilized in addition to your health insurance plan or if you are not covered by health insurance. It covers you and your occupants and will also cover any family member struck as a pedestrian. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
Comprehensive auto coverage – Comprehensive insurance will pay to fix damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like vandalism, hitting a deer, hail damage, rock chips in glass and a broken windshield. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Your UM/UIM coverage protects you and your vehicle’s occupants from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your Jeep TJ.
Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is a good idea.
Liability – Liability coverage provides protection from damage or injury you incur to other’s property or people in an accident. It protects you from legal claims by others, and doesn’t cover your injuries or vehicle damage.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that translate to $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and a limit of $100,000 paid for damaged property.
Liability coverage protects against claims like funeral expenses, court costs, medical services, legal defense fees and pain and suffering. The amount of liability coverage you purchase is your choice, but buy as high a limit as you can afford.
Collision – This coverage covers damage to your TJ resulting from a collision with an object or car. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims like sustaining damage from a pot hole, hitting a parking meter, scraping a guard rail and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible in order to get cheaper collision rates.
A little work can save a LOT of money
We covered many ways to shop for Jeep TJ insurance online. The key thing to remember is the more quotes you get, the better likelihood of reducing your rate. You may even discover the best prices are with some of the smallest insurance companies. Smaller companies may have significantly lower rates on certain market segments as compared to the big name companies such as Progressive and GEICO.
Cost effective Jeep TJ insurance is possible from both online companies and also from your neighborhood agents, and you need to price shop both to get a complete price analysis. A few companies may not provide online price quotes and these regional insurance providers work with independent agents.
