If shopping for car insurance online is new to you, you can be overwhelmed by the sheer number of companies competing for business in Enid.
It’s smart to compare prices occasionally because rates are usually higher with each renewal. Even if you think you had the lowest price a few years ago you may be paying too much now. So forget all the misinformation about car insurance because it’s time to teach you the things you must know in order to find better rates and still maintain coverage.
Companies offering auto insurance do not list all available discounts very well, so we break down both well-publicized and the harder-to-find ways to save on car insurance. If you don’t get every credit available, you’re paying more than you need to.
It’s important to note that most discount credits are not given to the overall cost of the policy. Most only reduce the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like having all the discounts means you get insurance for free, you won’t be that lucky.
For a list of insurers who offer car insurance discounts in Enid, click this link.
Finding cheaper car insurance prices can be relatively painless. You just have to invest a few minutes getting comparison quotes online from several insurance companies. This is very easy and can be done in a couple of different ways.
For a list of links to companies insuring cars in Enid, click here.
It’s up to you how you get prices quotes, just ensure you are comparing the exact same quote information for each price quote. If you compare mixed coverages it’s not possible to decipher which rate is best in Enid.
Learning about specific coverages of your car insurance policy aids in choosing the right coverages and the correct deductibles and limits. Car insurance terms can be ambiguous and even agents have difficulty translating policy wording.
Uninsured Motorist or Underinsured Motorist insurance
Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your vehicle.
Since a lot of drivers have only the minimum liability required by law (which is 25/50/25), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea.
Insurance for medical payments
Medical payments and Personal Injury Protection insurance kick in for short-term medical expenses for things like rehabilitation expenses, funeral costs, X-ray expenses, ambulance fees and pain medications. They are often utilized in addition to your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover both the driver and occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states and gives slightly broader coverage than med pay
Comprehensive coverage (or Other than Collision)
This pays to fix your vehicle from damage from a wide range of events other than collision. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers things such as a tree branch falling on your vehicle, damage from a tornado or hurricane, damage from flooding, hitting a deer and hitting a bird. The highest amount your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Collision insurance pays for damage to your vehicle resulting from colliding with another car or object. A deductible applies and then insurance will cover the remainder.
Collision can pay for things such as crashing into a building, sustaining damage from a pot hole, driving through your garage door and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to increase the deductible to bring the cost down.
Liability insurance will cover injuries or damage you cause to people or other property by causing an accident. It protects YOU from claims by other people, and does not provide coverage for 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. You commonly see limits of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.
Liability coverage protects against claims such as bail bonds, funeral expenses and medical expenses. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible. Oklahoma requires drivers to carry at least 25,000/50,000/25,000 but you should think about purchasing more coverage.
When you buy insurance online, do not sacrifice coverage to reduce premiums. Too many times, someone sacrificed comprehensive coverage or liability limits only to discover later that the savings was not a smart move. The aim is to get the best coverage possible at an affordable rate, not the least amount of coverage.
Low-cost car insurance can be sourced from both online companies and with local Enid insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some car insurance companies do not offer online price quotes and most of the time these small insurance companies sell through independent agents.
Consumers leave their current company for any number of reasons including high rates after DUI convictions, policy cancellation, policy non-renewal or even lack of trust in their agent. No matter why you want to switch, finding the right car insurance provider is actually quite simple.