Are you tired of not being able to afford to pay your car insurance bill each month? You’re in the same situation as millions of other consumers. Since consumers have many companies and agents to choose from, it can be diffult for consumers to choose the most affordable car insurance company.
It’s a good idea to price shop coverage every six months due to the fact that insurance rates change regularly. Just because you found the best deal a few years ago you will most likely find a better rate today. So just block out anything you think you know about car insurance because we’re going to show you the best way to find better rates and still maintain coverage.
Greenwood Car Insurance Comparisons
Finding lower Greenwood car insurance rates is not rocket science. You just have to take time comparing price quotes provided by online insurance companies. This is very easy and can be done in just a few minutes using one of these methods.
- The single most time-saving way consumers can analyze rates is to use a rate comparison form (click to open form in new window). This type of form saves time by eliminating a different quote for each company you want a rate for. Just one form gets rate comparisons .
- A slightly less efficient method to get comparison quotes consists of visiting each individual company website to complete a price quote. For instance, we’ll pretend you want rates from USAA, Allstate and Liberty Mutual. To get rate quotes you would need to visit each site to input your insurance information, which is why the first method is more popular. For a list of links to insurance companies in Greenwood, click here.
Whichever way you use, compare the exact same coverages and limits for every quote you compare. If you are comparing higher or lower deductibles then you won’t be able to decipher which rate is best in Greenwood.
Don’t overlook these 5 discounts
Car insurance can cost a lot, but there could be available discounts to reduce the price significantly. Some trigger automatically when you complete an application, but a few must be inquired about before being credited. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.
- Pay Upfront and Save – If paying your policy premium upfront rather than paying monthly you can actually save on your bill.
- Senior Discount – If you’re over the age of 55, you may be able to get better car insurance rates.
- Low Mileage – Fewer annual miles can earn lower rates on the low mileage vehicles.
- Passive Restraints – Vehicles equipped with air bags or automatic seat belts can get savings of up to 25% or more.
- Driver’s Ed – Have your child complete a driver education course if it’s offered in school.
Consumers should know that some credits don’t apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, car insurance companies aren’t that generous. Any amount of discount will cut your premiums.
Is my situation unique?
When choosing coverage, there really is no perfect coverage plan. Everyone’s situation is unique and your policy should reflect that. For instance, these questions might help in determining if your insurance needs would benefit from an agent’s advice.
- Am I covered if I drive in a foreign country?
- Will I be non-renewed for getting a DUI or other conviction?
- Does my vehicle need full coverage?
- What companies insure drivers after a DUI or DWI?
- Do I need special endorsements for business use of my vehicle?
- Should I buy more coverage than the required Indiana minimum liability coverage?
- Is there coverage for injuries to my pets?
- Do I get a pro-rated refund if I cancel my policy early?
If you’re not sure about those questions, you might consider talking to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.
Additional car insurance information can be found on the website for the Indiana Department of Insurance. Click here for link. Indiana consumers can find out which companies have the most complaints, read enforcement actions against agents and companies, and view agent and company licensing information.
More related Greenwood car insurance information:
- Guide to Finding the Best Insurance Agent in Greenwood
- Best 5 Tricks to Save on Car Insurance in Greenwood
- Top 5 Ways to Save on Car Insurance in Greenwood South Carolina
How can State Farm and Allstate save drivers who switch?
Indiana consumers get pounded daily by advertisements for the lowest price auto insurance by State Farm and Allstate. They all seem to have a common claim of big savings if you switch to their company.
How can each company make almost identical claims?
Insurance companies have a preferred profile for the driver that makes them money. For example, a preferred risk could possibly be over the age of 40, a clean driving record, and has great credit. A driver that hits that “sweet spot” will get very good rates and as a result will probably save when they switch companies.
Consumers who don’t measure up to these standards will be charged a higher premium which usually ends up with business not being written. The ads say “people who switch” not “everyone that quotes” save money. That is how companies can advertise the way they do.
That is why you should compare many company’s rates. It’s impossible to know which company will fit your personal profile best.
Coverages available on your car insurance policy
Learning about specific coverages of your policy can be of help when determining the best coverages and proper limits and deductibles. Policy terminology can be difficult to understand and coverage can change by endorsement. These are the usual coverages found on the average car insurance policy.
Auto liability
This protects you from damages or injuries you inflict on a person or their property in an accident. It protects you from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 100/300/100 which stand for a limit of $100,000 per injured person, $300,000 for the entire accident, and a total limit of $100,000 for damage to vehicles and property. Alternatively, you may have one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.
Liability coverage protects against things such as repair bills for other people’s vehicles, attorney fees, funeral expenses and loss of income. The amount of liability coverage you purchase is a personal decision, but buy as large an amount as possible. Indiana state law requires minimum liability limits of 25,000/50,000/10,000 but it’s recommended drivers buy more liability than the minimum.
Collision coverage protection
Collision insurance covers damage to your vehicle 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 such as colliding with a tree, crashing into a building, driving through your garage door and sustaining damage from a pot hole. 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 raise the deductible in order to get cheaper collision rates.
Medical payments and PIP coverage
Medical payments and Personal Injury Protection insurance reimburse you for bills for ambulance fees, dental work, nursing services, prosthetic devices and hospital visits. They can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states and may carry a deductible
UM/UIM (Uninsured/Underinsured Motorist) coverage
Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.
Since many Indiana drivers only purchase the least amount of liability that is required (25/50/10), their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Most of the time these coverages are identical to your policy’s liability coverage.
Comprehensive auto coverage
This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as falling objects, damage from a tornado or hurricane, hitting a bird and hitting a deer. The maximum amount you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.
Do the work, save more money
Affordable car insurance can be purchased from both online companies and with local Greenwood insurance agents, and you should compare price quotes from both to have the best selection. Some companies do not offer the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.
As you go through the steps to switch your coverage, do not reduce coverage to reduce premium. There have been many situations where an accident victim reduced collision coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy a smart amount of coverage at a price you can afford while still protecting your assets.