Consumers who are new to comparison shopping online will find purchasing cut-rate Orem car insurance quite challenging.
It’s important to price shop coverage once or twice a year since rates are adjusted regularly by insurance companies. Even if you think you had the lowest rates six months ago you can probably find a better price now. So just ignore everything you know about car insurance because I’m going to teach you the fastest way to save money, get proper coverage and the best rates.
If you have a policy now or are looking for a new policy, you can follow these tips to find the best rates while maintaining coverages. The purpose of this article is to let you in on how car insurance quotes work. Utah vehicle owners just need to learn the most effective way to shop their coverage around online.
Finding cheaper car insurance prices doesn’t have to be difficult. The only thing you need to do is spend a few minutes on the computer to compare rate quotes from different insurance companies. This can be accomplished in several different ways.
For a handy list of car insurance company links in Orem, click here.
It’s up to you how you get prices quotes, just ensure you are comparing apples-to-apples coverage limits and deductibles with each company. If you compare unequal deductibles or liability limits then you won’t be able to find the best deal in Orem.
Companies offering auto insurance don’t always list every available discount very well, so here is a list some of the best known as well as the least known savings tricks you should be using. If you don’t get every credit available, you are throwing money away.
Drivers should understand that some of the credits will not apply to all coverage premiums. Some only apply to specific coverage prices like comp or med pay. Just because it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way.
Consumers in Utah can’t get away from ads for cheaper car insurance by Progressive, GEICO, Allstate and State Farm. All the ads have a common claim about savings after switching to their company.
How do they all claim to save you money? This is how they do it.
Different companies can use profiling for the type of customer that is profitable for them. An example of a profitable customer might be over the age of 40, has no prior claims, and drives less than 7,500 miles a year. A customer getting a price quote who meets those qualifications will get the preferred rates and is almost guaranteed to save a lot of money.
Consumers who don’t meet these standards will have to pay more money and this can result in the driver buying from a lower-cost company. Company advertisements say “customers that switch” not “everyone that quotes” save that much. That is how companies can truthfully advertise the way they do. Because of the profiling, you absolutely need to compare many company’s rates. It’s just too difficult to predict which insurance companies will give you the biggest savings.
Understanding the coverages of car insurance aids in choosing which coverages you need for your vehicles. The terms used in a policy can be ambiguous and coverage can change by endorsement.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance covers damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims like hail damage, rock chips in glass, theft and falling objects. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Liability insurance – This will cover injuries or damage you cause to other people or property. This coverage protects you from claims by other people. Liability doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 25/50/25 which stand for a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers claims such as medical services, loss of income, funeral expenses, medical expenses and pain and suffering. 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. Utah state law requires minimum liability limits of 25,000/65,000/15,000 but it’s recommended drivers buy higher limits.
Insurance for medical payments – Coverage for medical payments and/or PIP pay for short-term medical expenses such as ambulance fees, chiropractic care and rehabilitation expenses. They can be used in conjunction with a health insurance policy or if you are not covered by health insurance. It covers all vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not available in all states and may carry a deductible
Uninsured Motorist or Underinsured Motorist insurance – This gives you protection from other motorists when they are uninsured or don’t have enough coverage. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your vehicle.
Due to the fact that many Utah drivers only purchase the least amount of liability that is required (25/65/15 in Utah), their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.
Collision coverages – This pays for damage to your vehicle from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision insurance covers claims like backing into a parked car, hitting a parking meter and scraping a guard rail. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.
Insureds change insurance companies for a variety of reasons including being labeled a high risk driver, poor customer service, high prices and even high rates after DUI convictions. It doesn’t matter what your reason, finding a new company can be easier than you think.
We just showed you some good ideas how you can compare car insurance prices online. The key concept to understand is the more rate comparisons you have, the better likelihood of reducing your rate. Consumers could even find that the lowest rates come from the least-expected company.
When shopping online for car insurance, it’s not a good idea to skimp on coverage in order to save money. There are many occasions where someone sacrificed full coverage only to regret that their decision to reduce coverage ended up costing them more. Your focus should be to buy enough coverage at the best price.
More tips and info about car insurance is available at the Utah Insurance Department website. Utah consumers can find out industry alerts, download brochures, find a variety of consumer forms, and file complaints about a company.