10 Ways to Save Money on Auto Insurance in Frankford

Having to pay for overpriced auto insurance can overdraw your bank account and force you to make sacrifices. Comparison shopping is free, only takes a few minutes, and is a good way to tighten up your finances.

With consumers having so many auto insurance companies to choose from, it’s nearly impossible to choose the most affordable provider.

It’s a good habit to shop coverage around at least once a year because insurance rates are adjusted regularly by insurance companies. Just because you found the best deal a couple years back a different company probably has better rates today. Don’t believe everything you read about auto insurance on the web, but by reading this article, you’re going to learn the best ways to find affordable auto insurance.

Finding affordable coverage in Frankford is easy if you know what you’re doing. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this strategy. Although Delaware car owners must learn how companies price online insurance because it can help you find the best coverage.

Lots of discounts mean lots of savings

Car insurance companies don’t list every discount very clearly, so here is a list some of the more common as well as the least known auto insurance savings.

• Good Students Pay Less – A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you until age 25.
• Early Signing – Some companies give discounts for switching to them prior to your current policy expiration. This can save 10% or more.
• Payment Method – If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
• Use Seat Belts – Drivers who require all occupants to buckle their seat belts could cut 10% or more off your medical payments premium.
• Anti-lock Brakes – Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
• Defensive Driver – Taking part in a driver safety course could possibly earn you a 5% discount if you qualify.
• Life Insurance Discount – Select insurance companies reward you with better rates if you take out life insurance from them.
• Senior Citizens – Older drivers may receive better auto insurance rates.
• Federal Government Employee – Employees or retirees of the government can save as much as 8% depending on your company.
• Discounts for Safe Drivers – Drivers who avoid accidents can get discounts for up to 45% lower rates than drivers with accidents.

As a disclaimer on discounts, most credits do not apply to the entire policy premium. Most only reduce the cost of specific coverages such as medical payments or collision. So when it seems like you would end up receiving a 100% discount, it doesn’t quite work that way.

Vehicle Insurance Comparison

When shopping for auto insurance there are multiple ways to compare rate quotes from auto insurance companies in your area. The fastest way to find competitive insurance rates involves getting comparison quotes online. This can be done using a couple different methods.

One of the simplest ways to find the lowest comparison rates would be an industry-wide quote request form click to view form in new window. This type of form saves time by eliminating separate quotation requests to each individual auto insurance company. Just one form compares rates .

Another way to obtain and compare quotes online requires visiting each company’s website and request a quote. For example, let’s assume you want comparison quotes from Liberty Mutual, Allstate and GMAC. You would have to go to every website to enter your coverage information, which is why the first method is quicker.

For a list of links to insurance companies in Frankford, click here.<img class="alignright" style="padding-top:15px" src="https://www.findnewcarinsurance.com/wp-content/uploads/ci175-61.jpg" alt="Frankford car insurance prices” />

Whichever way you use, make darn sure you compare exactly the same coverage limits for every company. If each company quotes differing limits it’s not possible to make a fair comparison in Frankford. Having just a slight variation in coverage limits can make a big difference in price. And when price shopping your coverage, comparing more company’s prices provides better odds of finding lower pricing.

Auto insurance 101

Learning about specific coverages of your auto insurance policy can help you determine which coverages you need and the correct deductibles and limits. Policy terminology can be impossible to understand and nobody wants to actually read their policy. Shown next are the usual coverages found on the average auto insurance policy.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for things like pain medications, X-ray expenses, funeral costs, doctor visits and nursing services. The coverages can be used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available but can be used in place of medical payments coverage

Collision – Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as scraping a guard rail, crashing into a building, crashing into a ditch, damaging your car on a curb and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are older. You can also choose a higher deductible to get cheaper collision coverage.

UM/UIM Coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle when the “other guys” are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and damage to your vehicle.

Because many people have only the minimum liability required by law (which is 15/30/10), 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.

Liability auto insurance – This coverage provides protection from injuries or damage you cause to other’s property or people. This coverage protects you against claims from other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 50/100/50 that means you have a limit of $50,000 per injured person, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims such as medical services, repair costs for stationary objects, bail bonds and pain and suffering. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible. Delaware requires minimum liability limits of 15,000/30,000/10,000 but you should consider buying better liability coverage.

Comprehensive or Other Than Collision – This pays to fix your vehicle from damage from a wide range of events other than collision. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, damage from flooding and hail damage. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

A tidy conclusion

As you prepare to switch companies, it’s very important that you do not skimp on critical coverages to save a buck or two. In many instances, someone sacrificed physical damage coverage to discover at claim time that their decision to reduce coverage ended up costing them more. The proper strategy is to find the BEST coverage at the best price, not the least amount of coverage.

You just read many tips how you can compare auto insurance prices online. It’s most important to understand that the more quotes you get, the higher your chance of finding lower rates. You may even discover the most savings is with some of the lesser-known companies. These smaller insurers often have lower prices on specific markets compared to the large companies like GEICO and State Farm.