Choosing a crossover for your next car purchase can be a great decision. They are typically safer and use less gas than other types of vehicles, but they also have some unique insurance considerations. If you’re going to buy a new or used crossover, here are 10 tips to help you get the best deal on an auto insurance policy.
1. Shop Around and Compare Rates
When you’re ready to get an auto insurance policy for your crossover, don’t just get a quote from one or two companies. Instead, compare rates from three or more reputable insurers before choosing the best deal. Insurance rates typically depend on factors such as your age, where you live and which model of car you have. Make sure your insurance company offers coverage for all of these.
2. Ask About Discounts
Many cars come with discounts already built into the price, but it never hurts to ask for additional ones. If you’re financing or leasing your car, many companies offer safe-driver and low-mileage discounts that can help lower your monthly premiums. Some carriers also offer discounts if you have a security system, anti-theft device or other safety features.
3. Consider the Upfront Price of Your Insurance
Many people simply get a quote from a company and decide to purchase a policy after comparing rates. However, it’s important to look at the total price of your new policy before making your decision. Some companies charge higher premiums for younger drivers or people who live in certain states, but these can be avoided by choosing one that has more affordable rates.
4. Buy Insurance for Your Crossover and Your Other Vehicles
Before you even buy your new crossover, make sure you have adequate insurance for it on its own. To do this, buy the minimum amount of coverage you need to avoid a lapse in your policy. Once you have an insurance company and car, it’s time to consider multiple-vehicle policies that allow you to insure more than one vehicle with just one provider. Not only will these help simplify your life by consolidating everything into one bill, but they can also help you save money if your insurer offers multi-car discounts.
5. Decide Whether to Buy Liability Only or Full Coverage
When buying car insurance, there are two main categories of coverage: liability and full coverage. You should at least have enough liability insurance to protect other drivers in case of an accident, but you’ll need additional protection to get your car replaced or repaired. Remember, if you’re financing or leasing, you might not be able to drive a car that has comprehensive and collision coverage but no insurance.
6. Factor in Your Mileage
Some people choose to drive their cars until it starts having costly issues, such as engine trouble or brake problems, before they replace it with a new model. If you’ve driven your car for more than 15,000 miles in the past year, consider getting an annual mileage policy that provides protection in case you get into an accident. It’s usually cheaper than getting collision and comprehensive coverage for most cars, but it can also pay to lease or buy used instead of brand-new.
7. Get a Deductible That Matches Your Budget
Auto insurance companies offer three types of deductibles: per-incident, per-vehicle and annual. In most cases, it’s best to choose a deductible that equals the total value of your car. If you have an expensive crossover or want to get liability-only insurance, look for an insurer that offers higher deductibles to lower your premiums.
8. Make Sure Your Car Is Properly Insured
Even if you have comprehensive and collision coverage on your car’s insurance policy, some states require drivers to purchase uninsured or underinsured motorist coverage as well. This is also known as UM/UIM, and it protects drivers in the event that they are hit by a driver who doesn’t have enough insurance. It can be optional in some states, but if your insurer offers UM/UIM coverage for free or at an affordable rate, you should take advantage of it.
9. Look Into Sharing Policies
If you’re hitting the road with friends or family members, you might want to look into a shared policy instead of buying individual coverage. If your name is not on the title of a car, most insurance companies will offer lower rates for people who have similar lifestyles and driving habits. However, it’s important to remember that these policies usually split everything 50/50, so each driver must be equally responsible.
10. Keep Your No-Claims Discount in Mind
If you’re looking to save money on your car insurance policy, make sure you don’t pay for extra coverage or more deductible than you need. Some insurers offer discounts if customers agree to keep their no-claims discount of at least seven years intact after they buy a new car. This means they can save money by buying liability-only insurance and asking for a higher deductible if and when they need to file a claim.
Is it legal to drive without insurance?
In most cases, you must have auto insurance to legally drive a car. If you don’t have it and are caught without coverage, your fines could be very expensive. However, there are times when people can avoid paying for car insurance. For example, if you live in a state where drivers aren’t required to have insurance, you don’t need it. Also, if you are borrowing a friend’s car for a short time, you might not be obligated to pay for insurance.
Why do I have to pay for insurance for a car that someone else owns?
In most cases, you’re required to have insurance if you drive or borrow a friend’s/relative’s vehicle. This is because the law requires drivers to carry proof of financial responsibility in case they get into an accident. If you’re a secondary driver on someone else’s policy, your insurer might ask for a copy of the primary contract holder’s insurance card to make sure he or she has enough coverage to protect others on the road.
What does uninsured/underinsured motorist mean?
Uninsured or underinsured motorist insurance protects drivers from those with little or no coverage. Although this type of insurance is required in some states, it’s always a good idea to get it if your state doesn’t require it. For example, if you’re hit by a drunk driver who only has the minimum required insurance and you don’t have UM/UIM on your policy, you could end up paying for his medical expenses out of your own pocket.
What are common causes of accidents?
There are many possible causes of auto accidents, which is why the law requires all drivers to take a certain amount of coverage. The most common causes include speeding, distracted driving and dozing off behind the wheel. These factors can lead to fatal accidents if they aren’t properly avoided.
As A Result
We’ve covered a lot of ground in this post and hopefully you’ve found it helpful. If not, we invite you to comment below and share your thoughts on insurance for crossover cars. What questions do you have? How can we improve our content? Let us know!