Feel like you’re a prisoner to overpriced auto insurance? Believe me, there are many people just like you.
Having so many options, it is very difficult to choose the lowest price car insurance company.
Locating more affordable auto insurance coverage is quite easy. Essentially anyone who shops for auto insurance will be able to find better rates. But car owners do need to know how big insurance companies market on the web and use this information to your advantage.
Finding Auto Insurance
The are a couple different ways to get quotes and find the best price. By far the easiest way to compare insurance prices is to use the internet to compare rates. This can be accomplished in a couple of different ways.
- The easiest and least time consuming way to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This form prevents you from having to do a different quote for every auto insurance company. One form submission will get you price quotes direct from many companies.
- A slightly less efficient method to obtain and compare quotes online is going to the website for each individual company and fill out their own quote form. For example, we’ll assume you want to compare Progressive, Safeco and Allstate. To get each rate you have to take the time to go to each site and enter your policy data, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.
- The hardest method to get comparison rates is to spend time driving to different agent offices. The internet has reduced the need for local agents unless you have a need for the professional advice only provided by licensed agents. You can, however, get the lowest quotes online and get advice from an agent in your area and we’ll touch on that later.
It doesn’t matter which method you choose, just double check that you are using apples-to-apples quote information for each comparison quote. If the quotes have different deductibles then you won’t be able to make an equal comparison. Quoting even small variations in coverages may cause a big price difference. Just keep in mind that comparing more company’s prices gives you a better chance of getting a better price.
Pay less by taking advantage of these seven discounts
The price of auto insurance can be rather high, but there are discounts available that many people don’t even know exist. A few discounts will automatically apply when you complete an application, but some must be asked for before you will receive the discount.
- Service Members Pay Less – Having a family member in the military could mean lower rates.
- Payment Method – By paying your policy upfront instead of making monthly payments you can actually save on your bill.
- Accident Free – Claim-free drivers can save substantially as compared to frequent claim filers.
- Good Student Discount – This discount can be rewarded with saving of up to 25%. The discount lasts up to age 25.
- Federal Employees – Active or retired federal employment could cut as much as 10% off on Corniche II coverage depending on your company.
- Drivers Ed for Students – Require your teen driver to successfully complete driver’s ed class in high school.
- Defensive Driver – Taking part in a course teaching defensive driving skills could possibly earn you a 5% discount depending on where you live.
Keep in mind that most discounts do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as medical payments or collision. So even though it sounds like you can get free auto insurance, it just doesn’t work that way. Any amount of discount will help reduce your overall premium however.
To choose providers who offer auto insurance discounts, click here.
Comparing rates from local agents
Some people would rather buy from a local agent. The best thing about getting online price quotes is the fact that you can find lower rates but also keep your business local. And providing support for local agencies is definitely important in small towns and cities.
For easy comparison, once you complete this short form, your insurance coverage information gets sent to insurance agents who will battle to get your business. There is no need to leave your house as quotes are delivered straight to your inbox. Get lower rates and an insurance agent to talk to.
Different types of auto insurance agents
When researching local agents, you must know there are a couple types of insurance agents from which to choose. Agents are classified as either captive or independent (non-captive).
Independent Agencies or Brokers
Independent insurance agents are not required to write business for one company but instead can place your coverage with many different companies depending on which coverage is best. To move your coverage to a new company, the agent simply finds a different carrier without you having to go to a different agency. When comparing rates, we recommend you contact several independent insurance agents for the best price selection.
Agency Captives
Captive agents work for only one company such as Allstate, AAA, Liberty Mutual and State Farm. They generally cannot provide prices from multiple companies so it’s a take it or leave it situation. Captive agents are very knowledgeable on their company’s products and that can be a competitive advantage.
For a complete listing of insurance agents, click here.
Selecting an insurance agency shouldn’t rely on just a low price. Ask your prospective agent these questions:
- What are the financial ratings for the companies they represent?
- Can they provide you with a list of referrals?
- How are they compensated?
- Do the coverages you’re quoting properly cover your vehicle?
- Which insurance companies are they affiliated with?
- Do they review policy coverages at every renewal?
Once you have received answers to your satisfaction to any questions you have in addition to an acceptable price estimate, you may have just found an insurance agency that will provide auto insurance coverage. But remember, consumers can terminate your policy whenever you wish so don’t feel you are locked into any specific agency for the full term.
It’s not one size fits all
When it comes to buying proper insurance coverage for your personal vehicles, there isn’t really a perfect coverage plan. Every insured’s situation is different so this has to be addressed. For example, these questions could help you determine if your situation would benefit from professional advice.
- How many claims can I have before being cancelled?
- Should I rate my Rolls Royce Corniche II as pleasure use or commute?
- What companies insure drivers after a DUI or DWI?
- What happens if I owe more than my Rolls Royce Corniche II is worth?
- Is my teen driver covered when they drive my company car?
- Do I benefit by insuring my home with the same company?
If you can’t answer these questions but a few of them apply, you may need to chat with an insurance agent. If you don’t have a local agent, take a second and complete this form or go to this page to view a list of companies.
Coverages available on your policy
Learning about specific coverages of auto insurance helps when choosing the best coverages at the best deductibles and correct limits. Auto insurance terms can be ambiguous and nobody wants to actually read their policy. Below you’ll find the usual coverages found on most auto insurance policies.
Medical payments coverage and PIP
Coverage for medical payments and/or PIP provide coverage for immediate expenses such as pain medications, X-ray expenses and surgery. They are utilized in addition to your health insurance policy or if you are not covered by health insurance. It covers both the driver and occupants and also covers getting struck while a pedestrian. PIP is not universally available but it provides additional coverages not offered by medical payments coverage
Liability coverages
This protects you from damage or injury you incur to people or other property by causing an accident. Split limit liability has three limits of coverage: 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 50/100/50 that means you have a $50,000 limit per person for injuries, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.
Liability coverage protects against claims like repair costs for stationary objects, emergency aid and pain and suffering. How much liability should you purchase? That is a personal decision, but it’s cheap coverage so purchase higher limits if possible.
Comprehensive coverage
This pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as a broken windshield, hitting a deer, hitting a bird and hail damage. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if the vehicle is not worth much consider dropping full coverage.
Collision coverage protection
This covers damage to your Corniche II resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things like damaging your car on a curb, colliding with a tree, crashing into a building, crashing into a ditch and scraping a guard rail. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.
Uninsured/Underinsured Motorist coverage
Your UM/UIM coverage protects you and your vehicle from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as damage to your Rolls Royce Corniche II.
Due to the fact that many drivers have only the minimum liability required by law, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Most of the time your uninsured/underinsured motorist coverages are set the same as your liablity limits.
Better coverage you can count on
When trying to cut insurance costs, it’s a bad idea to reduce coverage to reduce premium. Too many times, someone dropped collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy enough coverage at the best price while still protecting your assets.
We’ve covered many ideas to save on Rolls Royce Corniche II insurance. The key concept to understand is the more price quotes you have, the better your chances of lowering your rates. Consumers could even find that the best prices are with a smaller regional carrier. Regional companies may have significantly lower rates on certain market segments as compared to the big name companies such as State Farm, GEICO and Nationwide.
Cheaper Rolls Royce Corniche II insurance can be found both online and also from your neighborhood agents, so you should be comparing quotes from both so you have a total pricing picture. Some companies may not provide the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.
