Here’s How We Save a Ton of Money on Car Insurance
The single most critical factor in getting
a cheaper car insurance rate is shopping around for as many
quotes as you can. Why? Because different insurance companies
charge different rates for the same coverage. In addition,
insurance companies' competitiveness differs tremendously by
customer location.
You need to compare rates. Only by
obtaining several quotes, that are specific to your situation
and location, you will be really able to discover the cheapest
rate that is available to you. Now, usually shopping around for
quotes can be a tedious and time consuming task, but we will
make it here much easier for you. Right now there is probably a
company that offers a better rate than what you are currently
paying. But how can you find it?
Here is our little trick. To discover the cheapest car insurance rate that is available to us, we use this free service: (toll-free) at (855) 981-7528. They perform the tedious task of shopping around, and present you with the cheapest auto insurance provider for your location. We call this service every year before our car insurance expires. It allows us to discover whether there is a cheaper car insurance rate than ours, and has saved us lots of money over the years.
Alternavely, use this other free service to get several quotes from the providers in your local area that offer the best rates. Simply enter in your zip code and compare rates to find the cheapest one.
Here’s the free service we use to discover the cheapest car insurance rate that is available to us: (toll-free) at (855) 981-7528.
Cheapest Car Insurance for College Students NJ
How much insurance should you buy? Any
insurance agent worthy of their salt will tell you that you
should purchase as much as you
can afford. Even though
this is a great guideline, it is about as useful as a stock
broker's tip to buy low and sell high. It
might be sound
logic but it will not get you any closer to an educated
choice. There are a few filters that need consideration so
as to make that educated decision. To begin with, what's the
state required minimum coverage where you live? Secondly,
what does
the minimum cover? And fourthly, what are you
protecting?
What do the minimums cover?
Now
that you understand what your state requires, what are you
actually covered for once you purchase the minimum?
Coverage Definitions
Bodily Injury Liability
Covers other people's bodily injuries or death for which you
are responsible. Additionally, it provides for a legal
defense if
another party in the accident files a lawsuit
against you personally. Claims for bodily injury may be for
such things as medical
bills, loss of income or pain and
distress. In the event of a severe accident, you want enough
insurance to cover a judgment
against you in a lawsuit,
without jeopardizing your personal assets. Bodily injury
liability covers injury to people, not your
vehicle.
Therefore, it is a good idea to get the exact same level of
coverage for all your cars. Bodily Injury Liability does NOT
cover you or other people in your policy. Coverage is
limited to the terms and conditions contained in the policy.
Comprehensive Physical Damage Coverage
Covers your
vehicle, and sometimes other vehicles you might be driving
for losses resulting from incidents aside from collision.
For instance, comprehensive insurance covers damage to your
own car if it is stolen; or damaged by flood, fire, or
animals. Pays
to fix your vehicle less the deductible you
select. To keep your premiums low, select as high a
deductible as you feel comfortable
paying out of pocket.
Coverage is restricted to the terms and conditions contained
in the policy.
Collision Coverage
Covers damage to
your car as soon as your car hits, or is hit by, another
vehicle, or other object. Pays to fix your vehicle less
the deductible you choose. For older cars, consider dropping
this coverage, since coverage is normally limited to the
cash value
of your car. Coverage is restricted to the
terms and conditions contained in the policy.
Medical
Payments
Covers medical expenses to you and your
passengers hurt in an accident. Does NOT matter who is at
fault. Coverage is restricted to
the terms and conditions
contained in the policy.
Uninsured Motorist Coverage
Covers bodily injuries to you and your passengers if the
other person has no insurance or not enough insurance in a
crash that is
not your fault. In some nations, there is
also uninsured motorist coverage for damage to your motor
vehicle. Given the high number
of uninsured drivers, this
is very important coverage to have, even in states with
no-fault insurance. Coverage is limited to the
terms and
conditions contained in the policy
Personal Injury
Protection Coverage
Covers within the specified limits,
the medical, hospital and funeral expenses of the insured,
others in his vehicles and
pedestrians struck by him. The
basic coverage for the insured's own injuries on a
first-party foundation, without regard to fault.
It is
only available in certain nations.
Property Damage
Liability
Covers you if your car damages someone else's
property. Usually it's their car, but it could be a fence, a
house or any other
property damaged in an crash. It also
provides you with legal defense if another party files a
lawsuit against you. It is a great
idea to get enough of
this insurance to cover the amount of damage your car might
do to another vehicle or object. Coverage is
restricted
to the terms and conditions contained in the policy.
Rental Vehicle Reimbursement
Covers renting a car if your
vehicle isn't drivable or while your car is being repaired
due to a covered injury.
What else is available and
can you afford it?
Can you come across a coverage and
think,"I need that but it is not required by state law" when
you were reviewing the coverage
definitions? It is likely
that you did. Can your budget afford the additional expense
of these protections? Or maybe more to the
point; can you
afford NOT to have these additional protections? And during
the quoting process, it's simple to add or remove
coverage to see how additional coverage will affect your
budget.
What assets will need to be protected
from being plucked away in the event that you cause injury
or harm?
A) Your car itself. If this is a significant
asset, or at least the bank you owe money to thinks so, then
you'll need
comprehensive and collision.
B) Your net
worth. Do you have an enormous net worth to protect. If so,
either get it out of your name and into a trust or buy all
the insurance you can. If you have little or nothing to
protect, then you can get by with less and still be
financially
accountable.
However, after you
ascertain how much protection to get, always ask how much
more it's for the next level higher. Very often, you
can
get significantly more coverage for very little cost.
Car insurance isn't flashy. There's no"wow" factor and
the opposite gender isn't going to be pleased with the size
of your
coverage. For what its worth, CarInsurance.com
finds financial stability incredibly appealing.
Cheapest Car Insurance for College Students NJ
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