Are you regretting the purchase of an overpriced insurance policy? Believe me, you are not the only one feeling buyer's remorse.
A recent survey discovered that nearly 70% of consumers renewed their policy with the same company for over three years, and almost half have never even compared quotes to find cheaper rates. Indiana insurance shoppers could save themselves $700 a year, but they underestimate the amount of money they would save if they switch to a new company.
With vehicle owners having so many different company options, it's difficult to pick the cheapest insurer.
When quoting car insurance, remember that getting more free quotes provides better odds of finding lower pricing.
The companies shown below have been selected to offer free quotes in Indianapolis, IN. If several companies are displayed, it's highly recommended you click on several of them to find the lowest auto insurance rates.
Save a ton on Chevy Captiva Sport insurance in Indianapolis with these five car insurance discounts
Some insurers don't always publicize all available discounts very clearly, so we took the time to find a few of the more common as well as some of the hidden discounts that may be available. If you do not check that you are getting every discount you qualify for, you could be paying more than you need to.
- Pay Now and Pay Less - If paying your policy premium upfront rather than spreading payments over time you may have a lower total premium amount.
- E-sign - A few larger online companies provide a small discount for buying a policy and signing up on the web.
- ABS Brakes - Vehicles equipped with ABS or steering control can stop better under adverse conditions and qualify for as much as a 10% discount.
- Club Memberships - Affiliation with a civic or occupational organization in Indianapolis could qualify you for a break on your policy.
- Defensive Driver Discount - Successfully completing a course in defensive driver can save you 5% or more if you qualify.
Discounts reduce rates, but you should keep in mind that many deductions do not apply to the entire policy premium. Some only reduce the price of certain insurance coverages like comp or med pay. So when it seems like it's possible to get free car insurance, you won't be that lucky.
Popular car insurance companies and their offered discounts are outlined below.
- 21st Century may have discounts that include theft prevention, early bird, 55 and older, anti-lock brakes, student driver, and automatic seat belts.
- Progressive may offer discounts for multi-vehicle, online signing, continuous coverage, good student, and multi-policy.
- State Farm has discounts for Drive Safe & Save, student away at school, good driver, multiple autos, Steer Clear safe driver discount, and passive restraint.
- Nationwide offers discounts for Farm Bureau membership, good student, easy pay, family plan, and anti-theft.
- Esurance discounts include paid-in-full, online shopper, online quote, anti-theft, DriveSense, Switch & Save, and Pac-12 alumni.
- The Hartford includes discounts for good student, air bag, anti-theft, defensive driver, and driver training.
When getting a coverage quote, ask each company or agent which discounts can lower your rates. Some discounts may not be available in your area. If you would like to see a list of providers that offer multiple discounts in Indiana, click this link.
It may be expensive, but it's not optional
Despite the potentially high cost of Chevy Captiva Sport insurance, insurance may not be optional for several reasons.
First, just about all states have mandatory liability insurance requirements which means you are required to buy specific minimum amounts of liability insurance coverage in order to be legal. In Indiana these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
Second, if your Chevy Captiva Sport has a lienholder, almost every bank will make it mandatory that you have physical damage coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the lender may have to buy a policy to insure your Chevy at a more expensive rate and require you to pay for the expensive policy.
Third, car insurance protects both your vehicle and your assets. It also can pay for many types of medical costs for you, any passengers, and anyone injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if anyone sues you for causing an accident. If mother nature or an accident damages your car, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of carrying adequate insurance greatly outweigh the cost, particularly for liability claims. An average driver in America overpays as much as $700 annually so we recommend shopping around at every policy renewal to save money.
Car insurance agents can give valuable advice
Some consumers would prefer to sit down with an agent and doing so can bring peace of mind An additional benefit of comparing auto insurance online is that drivers can save money and get better rates and still have a local agent. And buying from local insurance agencies is important especially in Indianapolis.
To find an agent, once you fill out this simple form, your information is immediately sent to local insurance agents in Indianapolis that provide free Indianapolis car insurance quotes for your coverage. You never need to contact any agents due to the fact that quote results will go to the email address you provide. Get lower rates and a licensed agent to work with. If you need to get a comparison quote from a specific auto insurance provider, feel free to visit that company's website to submit a rate quote request.
Compare rates from both independent and exclusive car insurance agents
If you prefer to buy auto insurance from a local insurance agency, it helps to know the two different types of agents and how they function. Insurance agencies in Indianapolis can be categorized as either independent or exclusive.
Independent Agents (or Brokers)
Agents in the independent channel are appointed with more than one company so they can write business with an assortment of companies and find you cheaper rates. If your agent finds better pricing, they can switch companies in-house and you don't have to switch agencies. When searching for an agent, you absolutely need to get insurance quotes from a few independent agents for the best price selection.
Below is a list of independent insurance agents in Indianapolis who can help you get comparison quotes.
Affordable Insurance Agency
10 S Mickley Ave - Indianapolis, IN 46241 - (317) 484-9195 - View Map
Exclusive Insurance Agencies
Agents of this type can only provide pricing for a single company like Allstate and State Farm. Exclusive agencies are unable to provide prices from multiple companies so they really need to provide good service. Exclusive agents receive a lot of sales training on the products they sell which helps overcome the inability to quote other rates.
Shown below are Indianapolis exclusive agents that are able to give price quotes.
Picking the best insurance agency should depend on more than just the premium amount. Agents should be asked these questions:
- Is there a Errors and Omissions policy in force?
- Does the quote include credit and driving reports?
- Who is covered by the car insurance policy?
- Does the company use OEM repair parts?
- Do they make recommendations based only on price?
- By raising physical damage deductibles, how much would you save?
- What companies can they write with?
- Can they provide you with a list of referrals?
If you get reasonable responses to any questions you have as well as an affordable premium quote, it's possible that you found a car insurance agent that is reliable enough to service your policy.
Auto insurance 101
Learning about specific coverages of your auto insurance policy helps when choosing appropriate coverage and proper limits and deductibles. Auto insurance terms can be impossible to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages available from auto insurance companies.
Comprehensive auto coverage
Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like damage from a tornado or hurricane, falling objects, theft, damage from flooding and a tree branch falling on your vehicle. The maximum payout you'll receive from a claim is the cash value of the vehicle, so if it's not worth much more than your deductible consider dropping full coverage.
Collision coverage protection
This coverage covers damage to your Captiva Sport resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers claims like hitting a parking meter, driving through your garage door, colliding with a tree and hitting a mailbox. This coverage can be expensive, so consider dropping it from vehicles that are older. You can also increase the deductible on your Captiva Sport in order to get cheaper collision rates.
Medical payments and PIP coverage
Med pay and PIP coverage kick in for short-term medical expenses such as nursing services, funeral costs, prosthetic devices, dental work and X-ray expenses. They can be utilized in addition to your health insurance plan or if you are not covered by health insurance. They cover all vehicle occupants and also covers being hit by a car walking across the street. Personal Injury Protection is not available in all states but can be used in place of medical payments coverage
Liability insurance can cover injuries or damage you cause to people or other property by causing an accident. This insurance protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.
It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 25/50/10 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property. Another option is one number which is a combined single limit which limits claims to one amount and claims can be made without the split limit restrictions.
Liability insurance covers things like repair costs for stationary objects, funeral expenses and attorney fees. How much coverage you buy is a decision to put some thought into, but consider buying as large an amount as possible. Indiana requires drivers to carry at least 25/50/10 but it's recommended drivers buy better liability coverage.
UM/UIM (Uninsured/Underinsured Motorist) coverage
This gives you protection when the "other guys" are uninsured or don't have enough coverage. It can pay for injuries sustained by your vehicle's occupants as well as damage to your Chevy Captiva Sport.
Due to the fact that many Indiana drivers only purchase the least amount of liability that is required (25/50/10 in Indiana), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.