Have you fallen victim to an underperforming, overpriced auto insurance policy? Believe me when I say you’re not alone.
Multiple auto insurance companies compete for your business, so it can be very hard to choose a company and uncover the absolute best rates possible.
There are several ways to compare quotes and find the best price. The best method to find the lowest rates consists of obtaining rate quotes online. This can be done in a couple of different ways.
To view a list of companies in Stamford, click here.
However you get your quotes, compare apples-to-apples information for each price quote. If each company quotes mixed coverages you can’t possibly find the best deal in Stamford. Quoting even small variations in coverage limits can mean a large discrepancy in price. And when comparison shopping, comparing a large number of companies provides better odds of finding the best rates.
Auto insurance companies don’t always advertise all available discounts very well, so the following is a list of both well-publicized as well as the least known savings tricks you should be using.
Consumers should know that most of the big mark downs will not be given the the whole policy. Most only apply to specific coverage prices like physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, companies don’t profit that way.
For a list of providers who offer auto insurance discounts in Stamford, click here to view.
When choosing coverage for your vehicles, there really is no “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions can help discover whether your personal situation could use an agent’s help.
If you don’t know the answers to these questions but one or more may apply to you then you might want to talk to a licensed agent. To find an agent in your area, simply complete this short form or you can also visit this page to select a carrier
Having a good grasp of a auto insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording. These are typical coverage types offered by auto insurance companies.
Uninsured or Underinsured Motorist coverage protects you and your vehicle when other motorists do not carry enough liability coverage. Covered losses include medical payments for you and your occupants as well as damage to your vehicle.
Since a lot of drivers have only the minimum liability required by law (which is 20/40/10), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.
Coverage for medical payments and/or PIP kick in for expenses such as nursing services, rehabilitation expenses, X-ray expenses, prosthetic devices and ambulance fees. They are used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
This coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against things such as colliding with a tree, colliding with another moving vehicle, sustaining damage from a pot hole, crashing into a ditch and backing into a parked car. This coverage can be expensive, so consider dropping it from older vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.
Liability coverage provides protection from damage or injury you incur to a person or their property. Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 25/50/25 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.
Liability coverage protects against claims like medical services, structural damage, repair bills for other people’s vehicles, legal defense fees and loss of income. How much liability should you purchase? That is a decision to put some thought into, but you should buy as large an amount as possible. Connecticut state minimum liability requirements are 20,000/40,000/10,000 but drivers should carry more liability than the minimum.
Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims such as a broken windshield, theft, hail damage and rock chips in glass. The most your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Low-cost auto insurance can be sourced online as well as from independent agents in Stamford, so compare prices from both to have the best chance of lowering rates. A few companies don’t offer online price quotes and most of the time these small insurance companies sell through independent agents.
You just learned many ways to lower your auto insurance rates. It’s most important to understand that the more you quote, the better your chances of lowering your rates. Consumers could even find that the lowest rates come from a lesser-known regional company. Regional companies may cover specific market segments cheaper than their larger competitors like Progressive or GEICO.
When you buy insurance online, do not reduce needed coverages to save money. In too many instances, an insured cut physical damage coverage only to regret they didn’t purchase enough coverage. The aim is to get the best coverage possible at an affordable rate, not the least amount of coverage.
Additional detailed information can be read at the Connecticut Insurance Department website. Consumers can get help finding coverage, report car insurance fraud, read consumer alerts, and view a list of available companies.