Top 10 Ways to Save on Auto Insurance in Danville, VA
Finding affordable Danville auto insurance is always nearly impossible for consumers not familiar with comparing rates online. You have so many options that it can quickly become a ton of work to find the best price in Danville.
Compare Quotes for Danville Auto Insurance
Most companies like 21st Century, Allstate and State Farm provide price estimates directly from their websites. Getting quotes is pretty easy as you just type in your coverage preferences into a form. After you submit the form their system obtains reports for credit and driving violations and returns a price determined by many factors.
This streamlines rate comparisons, but the work required to visit many different websites and type in the same information can be a bit tiresome and repetitive. But it’s very important to do this in order to get the lowest possible prices on auto insurance.
A less time-consuming method to lower your auto insurance bill makes use of a single form that obtains quotes from several companies at one time. It’s a real time-saver, eliminates form submissions, and makes online price comparison much more enjoyable. Immediately after submitting the form, it gets priced and you can select any or none of the pricing results.
If you find a better price you can click and sign and purchase the new policy. This process can be completed in a matter of minutes and can result in significant savings.
If you want to compare rates now, click here and submit the form. If you currently have coverage, we recommend you copy the coverage information as shown on your current policy. This makes sure you’re receiving an apples-to-apples comparison based on similar coverages.
You probably qualify for some discounts
Car insurance can cost a lot, buy you may qualify for discounts to help bring down the price. Certain discounts will be applied when you get a quote, but some must be inquired about in order for you to get them. If they aren’t giving you every credit you deserve, you’re paying more than you need to.
- Life Insurance – Companies who offer life insurance give lower rates if you buy auto and life insurance together.
- Multiple Cars – Insuring all your vehicles with the same company could earn a price break for each car.
- New Vehicle Savings – Adding a new car to your policy can be considerably cheaper since new cars are generally safer.
- 55 and Retired – If you’re over the age of 55, you may qualify for reduced rates.
- Own a Home – Being a homeowner may trigger a auto insurance policy discount because of the fact that having a home shows financial diligence.
- Seat Belts Save – Using a seat belt and requiring all passengers to use their safety belts can save 10% or more off your PIP or medical payments premium.
- College Student – Kids in college who live away from home without a vehicle on campus can be insured at a reduced rate.
- Defensive Driver – Taking a driver safety course can save you 5% or more if you qualify.
- Discount for Swiching Early – Some companies give discounts for switching policies before your current policy expires. The savings is around 10%.
- Paperwork-free – A handful of insurance companies may give you up to $50 for buying a policy and signing up on their website.
It’s important to note that most discount credits are not given to the overall cost of the policy. Most only apply to the cost of specific coverages such as comp or med pay. So despite the fact that it appears you would end up receiving a 100% discount, it just doesn’t work that way. But any discount will help reduce your premiums.
For a list of insurance companies who offer auto insurance discounts in Virginia, click here to view.
Ads can be misleading
Consumers can’t get away from ads that promise big savings from the likes of 21st Century, Allstate and State Farm. They all make an identical promise that you’ll save big if you move your coverage to them.
How do they all make the same claim?
Insurance companies can use profiling for the driver that makes them money. A good example of a preferred risk might be between the ages of 30 and 50, has no tickets, and has great credit. A driver who meets those qualifications will get very good rates and as a result will probably save when they switch companies.<img class="alignright" style="padding-top:15px;" src="https://www.findnewcarinsurance.com/wp-content/uploads/ci175-97.jpg" alt="Danville Virginia car insurance prices”/>
Potential customers who don’t measure up to these standards will be quoted higher premiums which leads to business not being written. The ads state “drivers who switch” not “everyone that quotes” save that much money. This is how insurance companies can advertise the savings.
This emphasizes why it is so important to get quotes from several different companies. You cannot predict which auto insurance company will provide you with the cheapest rates.
Information about specific coverages
Having a good grasp of a auto insurance policy helps when choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.
Uninsured/Underinsured Motorist coverage
Uninsured or Underinsured Motorist coverage provides protection from other drivers 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.
Because many people carry very low liability coverage limits (which is 25/50/20), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these limits are similar to your liability insurance amounts.
Auto collision coverage
Collision insurance will pay to fix damage to your vehicle resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims such as hitting a parking meter, colliding with a tree and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.
Comprehensive coverage
Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things such as damage from getting keyed, fire damage, theft, hail damage and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Medical payments coverage and PIP
Med pay and PIP coverage provide coverage for bills for hospital visits, rehabilitation expenses and surgery. They can be used in conjunction with a health insurance program or if you do not have health coverage. Coverage applies to you and your occupants and also covers if you are hit as a while walking down the street. PIP is only offered in select states and may carry a deductible
Liability auto insurance
Liability insurance provides protection from damage that occurs to other’s property or people. It protects YOU against other people’s claims. 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 limits of 50/100/50 that translate to $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.
Liability can pay for things like emergency aid, funeral expenses, loss of income, medical services and court costs. How much liability coverage do you need? That is a decision to put some thought into, but buy as much as you can afford. Virginia state minimum liability requirements are 25,000/50,000/20,000 but drivers should carry better liability coverage.
More comparisons equals lower rates
Low-cost auto insurance can be bought both online and also from your neighborhood Danville agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers may not provide you the ability to get quotes online and these small insurance companies work with independent agents.
When shopping online for auto insurance, make sure you don’t reduce needed coverages to save money. Too many times, consumers will sacrifice physical damage coverage only to regret at claim time they didn’t purchase enough coverage. Your focus should be to purchase a proper amount of coverage for the lowest price.
We just presented a lot of tips how to compare auto insurance prices online. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. You may even discover the best price on auto insurance is with an unexpected company.
For more Virginia auto insurance information
More information is available on the Virginia Bureau of Insurance website through this link. Consumers can read industry bulletins, find disaster information, and read state legal mandates and laws.
Other informative sites include these car insurance answers and this page where you can research Danville insurance agents.