Finding Cheaper Auto Insurance Online With These Car Insurance Providers
With the hundred’s of insurers out there, you can spend hours searching for the most cost effective auto insurance. Fortunately I can save you some time with a list of the best value auto insurance providers in the market place. Start with these reputable providers to compare quotes and pick the option that is best for you.
|Esurance - This insurance portal (recently acquired by All State) is now pretty well known thanks to it’s extensive advertising campaign on providing discounted car insurance quotes. They act like a broker between you and the other insurance companies and given their discount guarantee they are definitely worth visiting in this ultra competitive auto insurance market. Their one draw back is that they are not as strong as the other providers when it comes to multi-policy discounts. Getting or searching for insurance is ideal for those on a tight budget and happy to purchase/search online (i.e. no insurance agent!)|
|GEICO - This insurance company, owned by Warren Buffet’s Berkshire Hathaway, is well known thanks to it’s incessant advertising and actually does have one of the easiest to use websites, with clear guidance on key terms and coverage options. I really liked their online feature that automatically obtained my vehicle and driver information from motor vehicle departments and other groups. This allowed me to get a faster and more accurate quote, without having to type in all my car information. It took me around 5 minutes to get a premium estimate (broken down by each insurance item) that I could easily customize to see what impacts changing one or more factors would have on the premium|
|*New Offer* USAA Auto Insurance - USAA membership is open to U.S. military service members, veterans who have honorably served, and their eligible family members. When you join, you get free financial resources, special savings and award-winning service. By switching to USAA Auto Insurance, you can save an average of $409 per year. If you are ex-military or an eligible family member this is definitely a company you need to get a quote from. I also like their flexible payment option feature which comes at no additional charge|
|AARP (for drivers over 50) - If you are a senior citizen then it is hard to beat insurance programs provided by AARP. The rates are up to 15% lower than average for eligible drivers with good driving records. If you (or your spouse) are over 50, I would definitely get a quote from AARP to see if you can benefit from a seniors discount. They also have a great in-person customer service line if you have questions and feel more comfortable talking to a real person to get a quote|
Good-to-Know Auto Insurance Terms
Most of these are pretty standard across providers and worth understanding when shopping around.
Bodily Injury Liability pays damages for people injured or killed in an accident for which you are legally responsible. It also covers your legal defense if you are sued as a result of an accident. Each selection shows two coverage limits (e.g. $100,000/$300,000 as I chose) – the first dollar amount represents the coverage limit for any one person; the second dollar amount represents the total coverage limit for one incident or accident. Individual states have different minimum requirements for liability insurance and for lease cars.
Property Damage Liability pays for damage to other people’s property resulting from an accident caused by your auto for which you are legally responsible. It also covers your legal defense if you are sued as a result of an accident. If the property damages are high, your assets — including your home, savings and future wages — may be at risk if you are under or not insured. If you lease a car, your lease contract will typically require you to maintain minimum Property Damage Liability Coverage of $50,000.
Medical Payments coverage pays the reasonable and necessary medical, dental, hospital and funeral expenses for the insured, covered passengers and family members, who are injured in a covered auto accident, regardless of who was at fault. Coverage is also provided to the insured and resident relatives, while they are riding in someone else’s car at the time of the accident or if they are struck as a pedestrian. If you have personal health insurance (which most professional workers have) that covers most of your medical expenses, you may want to choose a lower level of coverage.
Uninsured Motorist Bodily Injury typically pays for you and your passengers’ bodily injury damages caused by an uninsured driver. The amount of coverage that you may purchase will vary depending upon the state where the policy is issued. There are a number of common exclusions to this coverage that will be detailed in your policy. Given the number of uninsured drivers, this is an important coverage, even in states with no-fault insurance.
Comprehensive coverage pays for losses to your auto not caused by collision, such as theft (like a stolen car stereo), flood, vandalism, earthquakes, explosion, fire, or other covered causes. If you have an older car, where the cash value is low, you may decide not to purchase this coverage. With comprehensive coverage, you choose a deductible – the amount that you will pay out of your own pocket – before your insurance pays your claim. For example: your car’s stereo is stolen and replacement costs are $500. If you have a $100 deductible, your insurance will cover $400 — the replacement cost minus your $100 deductible. To keep your premiums low, select as high a deductible as you feel comfortable paying out of pocket.
The other side to comprehensive coverage is Collision Damage coverage, which pays for damage to an insured vehicle when it hits or is hit by another car or object, or if the car overturns. You can also choose a deductible for this coverage.
Emergency Road Service (ERS) is offered by the bigger insurance companies and is a cost effective alternative to other road services such as AAA. It covers problems not typically covered by car insurance, such as towing, lockout service, and mechanical labor if you have a dead battery or get a flat tire. ERS helps to take the hassle out of unpredictable events such as a flat tire or a dead battery, and the piece of mind is worth the $10 dollars a month I would pay for this coverage
Want to know more about auto insurance and how you can save money? Then consider reading these helpful articles:
- Getting A Safe Driving Discount To Lower Your Auto Insurance Costs
- Which Company is Cheaper for Auto Insurance Compared to All State and Others
- How to Find and Lower the Cost of Your Auto Insurance
- Paying Too Much For Your Auto Insurance? Get a Better Rate For Free and Save on Your Renewal