If you’ve never shopped for car insurance online, it’s easy to get overwhelmed due to the large number of online companies competing for business in Cumberland.
Smart consumers take time to do rate comparisons once or twice a year because prices are variable and change quite frequently. Just because you found the lowest rates two years ago other companies may now be cheaper. You’ll find quite a bit of inaccurate information about car insurance online, so with this article, you’re going to get a bunch of ideas how to quit paying high car insurance rates.
Most companies provide coverage prices on their websites. Obtaining pricing is pretty easy as you just type in your personal and coverage information as detailed in the form. After the form is submitted, their system orders your driving and credit reports and quotes a price determined by many factors.
Online price quotes makes comparing rates easy, but the time it takes to visit several different sites and complete many quote forms can be a bit tiresome and repetitive. But it’s very important to compare as many rates as possible in order to find a lower rate.
A more efficient way to find lower prices utilizes a single form that gets prices from more than one company. It’s a real time-saver, eliminates form submissions, and makes online price comparison much simpler. Immediately after you send the form, your coverage is rated and you can select your choice of the quotes that you receive. If one or more price quotes are lower than your current rates, you can click and sign and buy the new coverage. The entire process takes just a few minutes to complete and you will know how your current rates stack up.
To quickly fill out one form to compare multiple rates now, click here to open in a new tab and submit the form. If you have coverage now, it’s recommended you enter coverages and limits identical to your current policy. This makes sure you are getting rate comparison quotes for similar coverage.
Companies don’t list all available discounts in an easy-to-find place, so we took the time to find both the well known and the more hidden discounts you could be receiving. If they aren’t giving you every credit available, you are paying more than you should be.
As a disclaimer on discounts, some credits don’t apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like you would end up receiving a 100% discount, car insurance companies aren’t that generous.
To see a list of insurance companies who offer car insurance discounts in Maryland, click here.<img class="alignright" style="padding-top:15px" src="https://www.findnewcarinsurance.com/wp-content/uploads/ci175-73.jpg" alt="Maryland car insurance quote” />
Learning about specific coverages of a car insurance policy can be of help when determining which coverages you need for your vehicles. Policy terminology can be ambiguous and reading a policy is terribly boring.
Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers things such as damage from getting keyed, damage from a tornado or hurricane, hail damage, vandalism and a tree branch falling on your vehicle. The maximum 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.
Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. This coverage pays for injuries to you and your family as well as damage to your vehicle.
Because many people only carry the minimum required liability limits (which is 30/60/15), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Auto liability – This coverage can cover damage that occurs to people or other property. It protects you from legal claims by others. It does not cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery.
Liability insurance covers things like funeral expenses, medical expenses and court costs. The amount of liability coverage you purchase is a decision to put some thought into, but buy as much as you can afford. Maryland state minimum liability requirements are 30,000/60,000/15,000 but drivers should carry more coverage.
Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP pay for immediate expenses like dental work, funeral costs and rehabilitation expenses. They are used to cover expenses not covered by your health insurance program or if you do not have health coverage. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage
Collision coverages – This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims such as crashing into a building, sustaining damage from a pot hole, hitting a mailbox, driving through your garage door and rolling your car. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. It’s also possible to raise the deductible to save money on collision insurance.
More tips and info about car insurance is available at the Maryland Insurance Administration website. Maryland drivers can file complaints about an insurance agent or broker, find a variety of consumer forms, and read industry bulletins.
The articles below may also help you learn more about car insurance in Cumberland