Best 6 Tips to Save on Car Insurance in Espanola
Saving money on Espanola car insurance is nearly impossible for people who are new to shopping for insurance online. People have so many companies to choose from that it can easily become a real challenge to find lower rates in Espanola.
If you have insurance now or need a new policy, you can use these techniques to find better prices while maximizing coverage. Buying the cheapest car insurance in Espanola is not that difficult. New Mexico drivers only need to know the proper methods to compare price quotes online.
Finding Car Insurance Deals in Espanola, New Mexico
Getting better car insurance pricing doesn’t have to be difficult. The only thing you need to do is take a couple of minutes to get quotes provided by online insurance companies. It is quite easy and can be accomplished in several different ways.
- The most efficient way consumers can make multiple comparisons would be an industry-wide quote request form click to view form in new window. This method saves time by eliminating multiple quote forms for each company. In just a few minutes this one form will return quotes from several companies. It’s definitely the quickest method.
- A different way to compare rate quotes consists of visiting each individual company website and fill out their own quote form. For example, let’s say you want to compare rates from Auto-Owners, GEICO and Farmers. You would have to take the time to go to each site and enter your information, which is why the first method is quicker.
For a handy list of car insurance company links in Espanola, click here.
It’s up to you which method you use, but double check that you are using exactly the same coverages and limits on every quote you get. If you have mixed coverages it will be very difficult to make a fair comparison in Espanola.
Discounts are basically free money
Companies don’t necessarily list every discount very well, so here is a list some of the best known as well as the least known discounts you could be receiving. If you don’t get every credit you deserve, you are throwing money away.
- Homeowners Pay Less – Owning a home in Espanola can help you save on car insurance because maintaining a house shows financial diligence.
- Payment Discounts – If you pay your entire premium ahead of time instead of making monthly payments you may reduce your total bill.
- Anti-lock Brake System – Cars that have steering control and anti-lock brakes prevent accidents and therefore earn up to a 10% discount.
- Anti-theft System – Cars that have factory anti-theft systems help deter theft and earn discounts up to 10%.
- New Car Discount – Putting insurance coverage on a new car can be considerably cheaper compared to insuring an older model.
- Defensive Driver – Taking a course teaching defensive driving skills could possibly earn you a 5% discount if you qualify.
Keep in mind that most credits do not apply the the whole policy. Some only apply to specific coverage prices like medical payments or collision. So when the math indicates adding up those discounts means a free policy, you’re out of luck.
For a list of companies who offer car insurance discounts in Espanola, click this link.
Parts of your car insurance policy
Learning about specific coverages of your car insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage reimburse you for short-term medical expenses like nursing services, dental work, funeral costs and rehabilitation expenses. They can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. They cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible
Coverage for collisions
Collision insurance covers damage to your vehicle resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for things such as colliding with a tree, crashing into a building and hitting a parking meter. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible to save money on collision insurance.
UM/UIM Coverage
Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists 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.
Due to the fact that many New Mexico drivers only carry the minimum required liability limits (which is 25/50/10), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Comprehensive or Other Than Collision
This pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as rock chips in glass, hitting a deer, damage from a tornado or hurricane, a tree branch falling on your vehicle and hitting a bird. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle is not worth much consider removing comprehensive coverage.
Auto liability insurance
This coverage provides protection from injuries or damage you cause to other’s property or people in an accident. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show values of 50/100/50 which means a $50,000 limit per person for injuries, a limit of $100,000 in injury protection per accident, and $50,000 of coverage for damaged propery.
Liability insurance covers claims such as attorney fees, repair bills for other people’s vehicles, bail bonds, repair costs for stationary objects and funeral expenses. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible. New Mexico requires drivers to carry at least 25,000/50,000/10,000 but you should think about purchasing better liability coverage.
Additional detailed information is located at the New Mexico Insurance Division website. New Mexico consumers can view a list of available companies, view agent and company licensing information, and file complaints about a company.