Expensive car insurance can overdraw your personal savings and force you to prioritize other expenses. Doing a price comparison is a great way to cut your insurance bill. Big-name insurance companies like State Farm, GEICO and Farmers Insurance increase brand awareness with advertising and consumers find it hard to see past the geckos and flying pigs and find the best price available.
Car insurance is not cheap, but you may find discounts that you may not even be aware of. A few discounts will automatically apply at quote time, but less common discounts must be specifically requested before they will apply. If they aren’t giving you every credit available, you are throwing money away.
It’s important to understand that some credits don’t apply to the entire policy premium. Most cut individual premiums such as liability, collision or medical payments. So when it seems like all those discounts means the company will pay you, companies wouldn’t make money that way. But all discounts will reduce the amount you have to pay.
To see a list of insurance companies offering car insurance discounts in Bartlett, click this link.
Cutting your Bartlett car insurance rates is surprisingly easy. You just have to invest a few minutes to compare rate quotes online with multiple companies. This can be accomplished in several different ways.
It’s your choice how you get your quotes, but double check that you are using apples-to-apples coverage information with every price quote. If you use mixed coverages it’s impossible to find the best deal in Bartlett.
Having a good grasp of your car insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy. Shown next are typical coverage types offered by car insurance companies.
Collision can pay for things like sideswiping another vehicle, backing into a parked car, rolling your car and crashing into a ditch. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to increase the deductible to get cheaper collision coverage.
Comprehensive insurance covers claims like rock chips in glass, theft, damage from getting keyed, hail damage and falling objects. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.
Medical expense coverage
Med pay and PIP coverage provide coverage for expenses such as hospital visits, surgery, EMT expenses and pain medications. They can be utilized in addition to your health insurance policy or if you lack health insurance entirely. It covers all vehicle occupants and also covers if you are hit as a while walking down the street. PIP is not an option in every state and may carry a deductible
Liability auto insurance
This will cover injuries or damage you cause to other’s property or people by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Another option is one number which is a combined single limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability coverage protects against claims such as medical services, repair bills for other people’s vehicles, bail bonds and repair costs for stationary objects. How much coverage you buy is a personal decision, but buy as high a limit as you can afford. Tennessee state law requires minimum liability limits of 25,000/50,000/15,000 but it’s recommended drivers buy better liability coverage.
Uninsured or underinsured coverage
Uninsured or Underinsured Motorist coverage provides protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits (which is 25/50/15), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually these limits are identical to your policy’s liability coverage.
Cost effective car insurance can be bought both online and also from your neighborhood Bartlett agents, so you should compare both in order to have the best price selection to choose from. A few companies may not provide online quoting and these small insurance companies work with independent agents.
We’ve covered a lot of ways to shop for car insurance online. The most important thing to understand is the more price quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the best prices are with the least-expected company. These smaller insurers may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate or State Farm.
More information is available on the website for the Tennessee Department of Commerce and Insurance. Click here for link. Consumers can learn about specific coverages, learn about insurance regulations, discover disciplinary actions, and view agent and company licensing information.