The truth is: all auto insurance companies have different auto policies, different discount packages and (naturally) different rates. In order to find cheap car insurance rates, you really need to devote energy into researching what these are. If you have compared two or more auto policies beforehand, you may have noticed that other insurance companies have better and yet cheaper offers than others. You really need to look into these variations in order to avail yourself of cheap car insurance that has an insuring agreement that will answer all your needs; especially in regards to auto coverage, collision coverage, split limits and bodily injury coverage. You can seek out a standard auto policy, or avail of an auto insurance policy from multiple online companies.
There really is no (shall we say) pain free way of finding cheap car insurance. However, there are now online tools to make the process less taxing and worrisome. There are now many Internet based auto insurance companies that offer special discounts and packages, as well as free insurance quotes to boot.
On your part, you need to compare these quotes and offers to find the most suitable one. If you are well-versed with the terminology of these auto policies; or if you can find people from auto insurance companies who are willing to explain to you insurance lingo, then you are off to a great start. On the other hand, if you are not as fortunate as to have these, you can simply log on to any website and research everything there is to know about provisions and restrictions in a standard auto policy.
To make matters easier to deal with, you should first determine how much auto coverage you are actually willing to pay for. If you are on a very tight budget, you may want to go cherry-picking what coverage you can subscribe to. One way of saving money is to avail of the multiple car discounts – that is, if you have multiple cars. You can enroll all of them under one policy. Often, in order to find cheap car insurance, you don’t really go looking for the lowest rates. Rather, you look into auto policies that can service most, if not all of your needs under only one insuring agreement. When you do find a couple of attractive packages, you should learn to read provisions and restrictions in the fine print.
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You should know that some auto insurance companies offer extensive liability coverage but very little auto coverage that will serve you in the long run. For your own protection, you may want to add more to your auto insurance policy; although this means that you must succumb to higher insurance rates.
For example: if you figured in an accident where you (unfortunately enough) crashed into another car and injured its occupants, your liability coverage may only pay for the occupants’ medical and car repair bills. Yours, however, are uncovered. This is the very reason why you need to take a second look at your auto policy’s insuring agreement, especially with regards to pay-offs in your liability coverage.
Some companies offer better deals on split limits; others, on combined limit policies. So what’s the difference, you ask? Well, split limits pay-offs come from your property liability coverage (to pay for car repairs); and bodily injury coverage (to pay for medical bills). This will serve you well if one has more expenditure than the other, like the car repairs are more expensive then the medical bills, for example. Your insurance company will shoulder most of the bills for car repairs and you save a fair amount on your other coverage.
On the other hand, the pay-off for combined single limit policies comes from both of these aforementioned policies, regardless of whether the liability coverage payoff is more than the bodily injury coverage. The combined payment is always at 50%-50%.
Also, you will need to rake over the insuring agreement for every auto insurance policy that auto insurance companies offer for your perusal. At first glance, they may all look the same, but there are great differences if you read the minute details. As part of your checklist, you should see if you would need (and the company provides): collision coverage; comprehensive coverage; bodily injury coverage; liability coverage; loss of use coverage; roadside assistance coverage; total loss coverage; and uninsured/underinsured coverage.
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