10 Steps to Buying Insurance for your Crossover Car

10 Steps to Buying Insurance for your Crossover Car

You’re about to buy a new crossover car. You’ve spent hours researching the best options for your budget, and you know exactly what you want. The only problem? Insurance rates are sky-high! If you don’t get insurance, the DMV won’t let you drive off the lot with your brand new car; but if you do get it, it could cost thousands of dollars per year! What should you do? Here are 10 steps that will help make buying insurance for your crossover car easier than ever before.

1. Get the right vehicle.

You probably already know this one, but it bears repeating! If you want low insurance rates, you should equip your crossover with all of the safety features that are available in whatever category of car you’re shopping for. The most important types of safety features are airbags and anti-lock brakes. These will help ensure that your vehicle is equipped to handle the most common types of accidents.

2. Get all available discounts.

Auto insurance companies offer dozens of discounts that you may qualify for, but only if the relevant information is filled out on your application. If you don’t know what they are or how to get them, call an agent and ask them about each one.

3. Do you research on the web before buying insurance!

There are literally thousands of different insurers to choose from, and all of them will offer different rates for the same coverage. Make sure that you obtain quotes from at least three different companies before choosing one. Be sure to ask friends and family members for suggestions about where they get their insurance, and don’t forget to check online consumer reviews and forums for recommendations.

4. Set up a free auto insurance account with us!

Insurance companies often sell their products in bundles or packages that cannot be broken apart when you purchase them. Some people mistakenly believe that if they bundle everything together they will save money; the reality is that you often pay more when everything is bundled because the insurer knows that you have no alternatives. You can avoid this by purchasing your insurance online, where companies are forced to compete with each other on price in order to get your business!

5. Make sure policy limits are high enough.

Regardless of what type of car you have, one type of coverage that you must have is uninsured/underinsured motorist bodily injury (UMBI). UMBI and medical payments insurance (MedPay) can pay for your and your passengers’ injuries if the driver who struck you doesn’t have enough insurance. Some states, such as California, require UMBI coverage with limits of $15,000/$30,000.

6. Buy the right amount of insurance.

The minimum amounts of insurance that you can buy are usually not enough, but buying too much is also a bad idea because it will result in high overage charges if you drive very little every year. This is another area where shopping online for coverage can save you money; most carriers will allow you to specify a minimum number of miles that you expect to drive in a year.

7. Get the right deductible.

The deductible is the amount of money that you pay when your car gets into an accident before insurance coverage takes over and begins paying out claims. The higher your deductible, the lower your premium will be; however, you should try to purchase a high enough deductible that you can handle it financially if your vehicle gets into an accident.

8. Shop online!

A large number of insurance companies offer savings for buying their products online rather than over the phone or through an agent; some offer discounts as high as 10%! This is another reason why keeping business local is a losing proposition for most consumers.

9. Don’t forget about your free ride!

Many states offer discounted or free car insurance to people who drive very little each year, usually as a means of encouraging use of public transit and reducing greenhouse gas emissions from cars. If you live in a state with one of those programs, don’t let a low quote from a car insurance company cloud your judgement; check to see what, if any, free ride program you can qualify for.

10. Read the fine print!

The best deal in the world won’t benefit you much if it’s full of loopholes or exclusions that will make it difficult to collect benefits. Always ask your insurer about anything that is unclear in your contract, and don’t settle for a policy that contains anything you don’t understand.

Is there really a difference between third-party liability insurance and first-party coverage?

Yes, there is a huge difference. Third-party liability insurance covers you for any damage that your vehicle causes to another party’s property or person, while first-party coverage will pay for your car repairs or medical bills if you are in an accident caused by another person.

Is there really a difference between third-party liability insurance and first-party coverage?

Yes, there is a huge difference. Third-party liability insurance covers you for any damage that your vehicle causes to another party’s property or person, while first-party coverage will pay for your car repairs or medical bills if you are in an accident caused by another person.

What does no-fault insurance mean?

No-fault insurance means that your policy will not pay for injuries or vehicle damage sustained during an accident unless another party was responsible. Generally speaking, it’s a benefit to drivers; because there is no need to identify a guilty party, it reduces the possibility of an insurance-related lawsuit.

What’s the difference between comprehensive and collision insurance? And which one do I need?

Collision coverage is for damage that occurs during a collision, while comprehensive covers damages from causes other than collisions (such as storm damage, natural disasters, vandalism, etc.). Generally speaking, you only need collision coverage if you are still paying off your car, but the choice is yours.

I work for myself, so why should I buy personal auto insurance?

Personal coverage is important even if you are self-employed because there may be some types of damage that only first-party bodily injury will pay for; think about how much it would cost to hire a lawyer after your neighbor accidentally backed into you with his car.

All Things Considered

We hope this blog post was helpful to you. It’s worth the time and effort to do your research, but it will be well worth it when you’re finally able to buy that car of yours! Share your thoughts in the comments below on what other things may have helped you make an informed decision about buying insurance for a crossover vehicle.

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