10 Discounts Shepherdsville Drivers Neglect when Comparing Car Insurance on the Internet

Are you confused by the wide range of car insurance companies in Shepherdsville? You have a lot of company. Consumers have so many options available that it can be a real hassle to find the lowest price.

If you have a policy now or need new coverage, you can follow these tips to find better prices and possibly find even better coverage. The purpose of this article is to tell you how car insurance quotes work and some tricks to saving. Kentucky vehicle owners only need an understanding of the proper methods to get comparison quotes online.

How much can you save with these ten discounts?

Companies that sell car insurance don’t always list every available discount very clearly, so we break down both the well known as well as the least known savings tricks you should be using. If you’re not getting every credit possible, you’re paying more than you need to.

• Accident Forgiveness – Some insurance companies allow you one accident before your rates go up if your claims history is clear for a certain period of time.
• Multi-car Discount – Buying insurance for more than one vehicle on one policy could earn a price break for each car.
• New Car Discount – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.
• No Accidents – Drivers with accident-free driving histories pay less when compared with bad drivers.
• Safe Driver Discount – Safe drivers can get discounts for up to 45% lower rates than their less cautious counterparts.
• Drivers Ed for Students – Cut your cost by having your teen driver successfully complete driver’s ed class if offered at their school.
• Federal Employees – Being employed by or retired from a federal job can save as much as 8% depending on your company.
• Good Student Discount – This discount can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
• Drive Less and Save – Low mileage vehicles can qualify you for lower rates on the low mileage vehicles.
• Passive Restraint Discount – Cars that have air bags or automatic seat belts can get savings of up to 25% or more.

It’s important to understand that many deductions do not apply to the entire cost. Some only apply to the cost of specific coverages such as medical payments or collision. Even though it may seem like having all the discounts means you get insurance for free, you won’t be that lucky.

Even more information is located at the Kentucky Department of Insurance website. Kentucky consumers can report car insurance fraud, learn about specific coverages, and discover disciplinary actions.

Specifics of your car insurance policy

Having a good grasp of your car insurance policy can be of help when determining the right coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and reading a policy is terribly boring.

Uninsured/Underinsured Motorist (UM/UIM)

This protects you and your vehicle’s occupants from other motorists when they either have no liability insurance or not enough. This coverage pays for medical payments for you and your occupants and also any damage incurred to your vehicle.

Due to the fact that many Kentucky drivers only carry the minimum required liability limits (25/50/10 in Kentucky), it only takes a small accident to exceed their coverage. So UM/UIM coverage is important protection for you and your family.

Auto liability

This can cover damage that occurs to other’s property or people by causing an accident. It protects you from legal claims by others. It does not cover damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to $25,000 bodily injury coverage, a per accident bodily injury limit of $50,000, and a total limit of $25,000 for damage to vehicles and property.

Liability can pay for things like legal defense fees, repair bills for other people’s vehicles, medical expenses and repair costs for stationary objects. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford. Kentucky state minimum liability requirements are 25,000/50,000/10,000 but drivers should carry better liability coverage.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things like crashing into a building, colliding with another moving vehicle, backing into a parked car and crashing into a ditch. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. You can also choose a higher deductible in order to get cheaper collision rates.

Med pay and Personal Injury Protection (PIP)

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for prosthetic devices, surgery, rehabilitation expenses and funeral costs. They are used to fill the gap from your health insurance plan or if you are not covered by health insurance. Coverage applies to not only the driver but also the vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

Comprehensive insurance 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 claims such as vandalism, rock chips in glass, damage from a tornado or hurricane and hitting a bird. The most you’ll receive from a claim is the market value of your vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.

One last thing about your coverage

Consumers who switch companies do it for many reasons like delays in responding to claim requests, high prices, denial of a claim and even an unsatisfactory settlement offer. No matter why you want to switch, switching car insurance companies can be easy and end up saving you some money.

Low-cost car insurance is definitely available on the web and also from your neighborhood Shepherdsville agents, and you should be comparing both to have the best rate selection. A few companies may not provide the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

We’ve covered quite a bit of information on how to get a better price on car insurance. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. You may be surprised to find that the biggest savings come from a small local company.