Did you fall for a flashy sales pitch and buy an expensive auto insurance policy? It’s a common feeling and many consumers are feeling buyer’s remorse and feel like there’s no way out. Having so many choices, it is hard for the average consumer to find the lowest cost insurance company.
Eight discounts to earn lower Wilber auto insurance rates
Auto insurance can be pricey, but you may find discounts that you may not even be aware of. Many of these discounts will be applied automatically when you quote, but some need to be manually applied before being credited. If you are not receiving all the discounts you deserve, you’re paying more than you need to.
- Sign Online – Some insurance companies may give you up to $50 digitally online.
- Bundle and Save – If you can bundle your home and auto insurance with one company they may give you a discount of at least 10 to 15 percent or more.
- Pay Early and Save – If you pay your entire premium ahead of time rather than paying in monthly installments you may have a lower total premium amount.
- Good Student Discount – Performing well in school can get you a discount of up to 25%. Many companies even apply the discount to college students well after school through age 25.
- Distant Student – College-age children living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
- Drive Safe and Save – Drivers who avoid accidents can save up to 40% or more on their than their less cautious counterparts.
- Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can receive discounts as much as 30%.
- First Accident Forgiveness – This isn’t a discount exactly, but companies like Progressive, State Farm and GEICO permit an accident without the usual rate increase if you have no claims for a particular time prior to the accident.
Consumers should know that most discounts do not apply the the whole policy. Some only reduce individual premiums such as medical payments or collision. So despite the fact that it appears it’s possible to get free car insurance, you aren’t that lucky.
To choose auto insurance companies that offer many of these discounts in Nebraska, click this link.
Auto insurance coverage breakdown
Understanding the coverages of auto insurance aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be ambiguous and coverage can change by endorsement. Below you’ll find typical coverages available from auto insurance companies.
Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for bills for things like surgery, doctor visits, pain medications, hospital visits and rehabilitation expenses. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage
Comprehensive coverages – Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims such as fire damage, hail damage and rock chips in glass. 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.
Collision coverage – This coverage pays for damage to your vehicle resulting from a collision with an object or car. You have to pay a deductible then the remaining damage will be paid by your insurance company.
Collision insurance covers things such as sideswiping another vehicle, colliding with another moving vehicle, crashing into a building and hitting a parking meter. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to bring the cost down.
Uninsured and underinsured coverage – This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries as well as damage to your vehicle.
Because many people only purchase the least amount of liability that is required (25/50/25 in Nebraska), their limits can quickly be used up. So UM/UIM coverage is a good idea. Normally these limits do not exceed the liability coverage limits.
Liability coverages – Liability insurance protects you from damage or injury you incur to other’s property or people in an accident. It protects YOU against claims from other people, and doesn’t cover your injuries or vehicle damage.
Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have values of 25/50/25 that translate to 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. Another option is one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.
Liability can pay for things such as emergency aid, repair costs for stationary objects and court costs. How much liability coverage do you need? That is your choice, but you should buy as large an amount as possible. Nebraska requires minimum liability limits of 25,000/50,000/25,000 but you should consider buying higher limits.
Learn more today
Much more information about auto insurance in Nebraska can be found on the found here. Consumers can view agent and company licensing information, learn about insurance regulations, file complaints about an insurance agent or broker, and view a list of available companies.
Auto insurance savings summarized
When searching for , never buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced collision coverage only to regret that the savings was not a smart move. The ultimate goal is to buy enough coverage for the lowest price, but do not skimp to save money.
We just presented a lot of ways to get a better price on auto insurance. The most important thing to understand is the more you , the better likelihood of getting . Consumers could even find that the best rates are with a lesser-known regional company. These companies may have significantly lower car insurance rates on certain market segments compared to the large companies like Allstate and Progressive.
Discount auto insurance can be found both online as well as from independent agents in Wilber, so you need to with both in order to have the best chance of saving money. Some auto insurance companies do not offer the ability to get quotes online and many times these regional insurance providers sell through independent insurance agents.