Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me, there are many people just like you. Multiple car insurance companies compete for your hard-earned dollar, so it can be very hard to choose a insurance company to find the absolute best rates possible.
Don’t overlook these five auto insurance discounts
Companies do not list all their discounts in an easy-to-find place, so we took the time to find some of the more common as well as the least known credits available to you.
- Active Service Discounts – Being on active duty in the military could mean lower premium rates.
- Claim Free – Drivers with accident-free driving histories can save substantially as compared to policyholders that have many claims.
- Life Insurance – Select auto insurance companies reward you with lower rates if you buy a life insurance policy as well.
- Air Bags and Passive Restraints – Factory air bags or motorized seat belts may earn rate discounts of 20% or more.
- Drivers Ed for Students – Teen drivers should take driver’s ed class in school or through a local driver safety program.
Keep in mind that most discount credits are not given to the entire policy premium. Some only apply to the price of certain insurance coverages like medical payments or collision. So even though they make it sound like you can get free auto insurance, you won’t be that lucky.
To find insurers that can offer you the previously mentioned discounts in North Dakota, click this link.
Specifics of your auto insurance policy
Having a good grasp of your policy aids in choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the normal coverages available from auto insurance companies.
Uninsured and underinsured coverage
This coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants and also any damage incurred to your vehicle.
Because many people only purchase the least amount of liability that is required (which is 25/50/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.<img class="alignright" style="padding-top:15px;" src="https://www.carinsurancediy.com/wp-content/uploads/ci175-81.jpg" alt="Walhalla North Dakota insurance quotes“/>
Auto collision coverage
Collision coverage pays for damage to your vehicle caused by collision with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision can pay for things such as rolling your car, hitting a mailbox, driving through your garage door, sideswiping another vehicle and crashing into a building. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are 8 years or older. It’s also possible to raise the deductible to save money on collision insurance.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses for funeral costs, doctor visits, pain medications, hospital visits and rehabilitation expenses. They are often utilized in addition to your health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not available in all states and may carry a deductible
Comprehensive coverages
This coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible then your comprehensive coverage will pay.
Comprehensive coverage protects against claims such as theft, fire damage and falling objects. The highest amount your auto insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.
Liability
This provides protection from damages or injuries you inflict on a person or their property. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.
Liability coverage pays for claims like court costs, medical expenses and legal defense fees. How much liability coverage do you need? That is up to you, but consider buying as much as you can afford. North Dakota requires minimum liability limits of 25,000/50,000/25,000 but you should think about purchasing higher limits.
Learn more today
More detailed North Dakota auto insurance information can be found at the North Dakota Insurance Department website. Consumers can learn about insurance regulations, file complaints about an insurance agent or broker, view agent and company licensing information, and find a variety of consumer forms.
Don’t give up on cheaper premiums
Discount auto insurance is available both online and with local Walhalla insurance agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who may not provide the ability to get a quote online and most of the time these smaller companies sell through local independent agencies.
When trying to cut insurance costs, do not buy poor coverage just to save money. In many instances, someone dropped uninsured motorist or liability limits to discover at claim time that they should have had better coverage. The proper strategy is to get the best coverage possible at the best cost but still have enough coverage for asset protection.