Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Trust us when we tell you there are a lot of people in Kokomo just like you who feel imprisoned by their auto insurance policy. Online insurance companies like State Farm, Progressive and Geico continually hit you with TV and radio ads and it can be hard to sift through the bull and take the time to shop coverage around.
If you have a policy now or need new coverage, you can use this information to shop for the lowest rates while maintaining coverages. Buying car insurance in Kokomo is quite easy. Indiana vehicle owners only need to know the tricks to compare prices on the web.
Cut your auto insurance rates with these nine discounts
Car insurance can cost a lot, but you can get discounts to cut the cost considerably. Most are applied when you purchase, but some may not be applied and must be requested specifically before being credited. If you’re not getting every credit available, you’re paying more than you need to.
- Save with a New Car – Insuring a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
- Safe Drivers – Insureds without accidents may receive a discount up to 45% less than drivers with accidents.
- Clubs and Organizations – Participating in a professional or civic organization could qualify you for a break on auto insurance.
- Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off depending on your company.
- One Accident Forgiven – Certain companies allow you one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
- Fewer Miles Equal More Savings – Fewer annual miles could qualify for lower rates on the low mileage vehicles.
- Passive Restraints and Air Bags – Vehicles equipped with air bags or motorized seat belts may earn rate discounts of 20% or more.
- No Claims – Claim-free drivers can earn big discounts compared to accident-prone drivers.
- Homeowners Pay Less – Simply owning a home can help you save on auto insurance because of the fact that having a home is proof that your finances are in order.
Drivers should understand that some credits don’t apply to the entire cost. A few only apply to the cost of specific coverages such as liability and collision coverage. Just because you may think having all the discounts means you get insurance for free, it doesn’t quite work that way. Any amount of discount will help reduce your overall premium however.
To choose companies who offer auto insurance discounts in Indiana, follow this link.
How to Get Kokomo Auto Insurance Comparison Quotes
Comparing auto insurance rates can be exhausting if you aren’t aware of the fastest way to get free quotes. You could waste time discussing policy coverages with local insurance agents in Kokomo, or you can stay home and use the internet to achieve your goal.
Most car insurance companies are enrolled in a marketplace that allows shoppers to submit one quote, and every company can give them a price based on that information. This eliminates the need for quotation requests for each company you want a rate for.
To find out how much you’re overpaying now click to open in new window.
The only drawback to comparing rates this way is you are unable to specify the companies you want to price. If you wish to select specific providers for rate comparison, we have a listing of the cheapest auto insurance companies in Indiana. View list of Indiana insurance companies.
It’s your choice how you get your quotes, but make darn sure you compare the exact same information with every price quote. If you enter different liability limits you can’t possibly make an equal comparison in Kokomo.
When might I need the advice of an agent?
When choosing coverage for your vehicles, there really is no perfect coverage plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. These are some specific questions may help you determine if your situation will benefit from professional help.
- How many claims can I have before being cancelled?
- When do I need to add a new car to my policy?
- Are my tools covered if they get stolen from my vehicle?
- Is rental equipment covered for theft or damage?
- How do I file an SR-22 for a DUI in Indiana?
- Why is insurance for a teen driver so high in Kokomo?
- Does my policy cover me when driving someone else’s vehicle?
- What is the difference between comprehensive and collision coverage?
If you don’t know the answers to these questions, you might consider talking to an insurance agent. To find 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 may give you better protection.
Educate yourself about auto insurance coverages
Having a good grasp of auto insurance can help you determine the best coverages at the best deductibles and correct limits. Policy terminology can be impossible to understand and reading a policy is terribly boring. These are typical coverage types found on the average auto insurance policy.
Liability coverages
Liability coverage provides protection from damage or injury you incur to other’s property or people by causing an accident. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have policy limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Some companies may use a combined single limit or CSL that pays claims from the same limit without having the split limit caps.
Liability can pay for claims like pain and suffering, court costs and repair costs for stationary objects. How much liability coverage do you need? That is up to you, but it’s cheap coverage so purchase higher limits if possible. Indiana state law requires minimum liability limits of 25,000/50,000/10,000 but it’s recommended drivers buy better liability coverage.
Collision protection
Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for things such as crashing into a building, crashing into a ditch, sideswiping another vehicle and damaging your car on a curb. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.
Coverage for medical expenses
Med pay and PIP coverage pay for short-term medical expenses for dental work, doctor visits, hospital visits and nursing services. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Coverage for uninsured or underinsured drivers
Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. It can pay for hospital bills for your injuries and also any damage incurred to your vehicle.
Because many people only purchase the least amount of liability that is required (which is 25/50/10), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.
Comprehensive auto insurance
This will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for claims such as damage from flooding, a broken windshield and theft. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
In conclusion
Budget-conscious auto insurance can be found online and with local Kokomo insurance agents, so compare prices from both so you have a total pricing picture. Some companies do not offer online quoting and many times these smaller companies only sell through independent insurance agents.
As you shop your coverage around, do not sacrifice coverage to reduce premiums. In too many instances, consumers will sacrifice full coverage only to regret that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible at a price you can afford while still protecting your assets.
In this article, we covered many tips how you can reduce auto insurance prices online. The most important thing to understand is the more times you quote, the better your comparison will be. You may even find the best price on auto insurance is with some of the smallest insurance companies. Some small companies can often provide lower rates in certain areas than their larger competitors like State Farm, Geico and Nationwide.