Unbelievable but true, most car insurance buyers in Florida have bought car insurance from the same company for at least four years, and 38% of drivers have never shopped around. American consumers could save up to 46.5% each year by just shopping around, but they assume it’s a waste of time to compare other rate quotes.
If your goal is the lowest price, then the best way to save on Chevy Venture insurance in Orlando is to start doing an annual price comparison from different companies in Florida.
- Get an understanding of how car insurance works and the modifications you can make to prevent rate increases. Many rating factors that result in higher prices like accidents, traffic violations, and a bad credit score can be eliminated by making minor changes to your lifestyle.
- Quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can give quotes from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes from multiple sources.
- Compare the new quotes to the premium of your current policy to see if you can save by switching companies. If you find a lower rate quote and make a switch, make sure coverage does not lapse between policies.
- Give notification to your current company of your decision to cancel your current coverage. Submit a down payment along with a completed application to the newly selected company. As soon as you have the new policy, keep your new certificate of insurance in a readily accessible location in your vehicle.
One thing to point out is to make sure you’re comparing identical coverage information on each quote and and to get rates from every insurance company. This enables a fair rate comparison and a complete price analysis.
If you have a current car insurance policy or are just looking to switch companies, take advantage of these tips to find the best rates without reducing coverage. Finding the cheapest car insurance coverage in Orlando is really quite simple as long as you have a good starting point. Comparison shoppers just need to learn the most time-saving way to find the lowest price from many different companies.
The fastest way that we advise to compare insurance rates in your area is to realize almost all companies actually pay money for the chance to quote your coverage. All you need to do is provide a small amount of information like the year, make and model of vehicles, if a SR-22 is needed, how old drivers are, and whether you are married. Your insurance information is sent automatically to multiple car insurance providers and they respond with quotes within a short period of time.
To compare affordable Chevy Venture insurance rates now, click here and enter your coverage details.
The providers in the list below provide free rate quotes in Orlando, FL. If you want cheaper auto insurance in Florida, it’s a good idea that you visit several of them to get the most affordable price.
Protect more than your Chevy Venture
Even though Orlando Venture insurance rates can get expensive, buying car insurance may be required for several reasons.
- Most states have minimum mandated liability insurance limits which means the state requires specific limits of liability insurance coverage in order to license the vehicle. In Florida these limits are 10/20/10 which means you must have $10,000 of bodily injury coverage per person, $20,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you took out a loan on your Venture, more than likely the lender will force you to have full coverage to guarantee their interest in the vehicle. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Chevy at an extremely high rate and require you to reimburse them for the much more expensive policy.
- Insurance safeguards both your Chevy Venture and your assets. It will also pay for medical expenses for both you and anyone you injure as the result of an accident. Liability coverage, the one required by state law, will also pay for a defense attorney in the event you are sued. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of having insurance definitely exceed the cost, specifically if you ever have a liability claim. According to a recent study, the average American driver is overpaying more than $810 a year so shop around at least once a year to be sure current rates are still competitive.
Insurance coverage basics
Having a good grasp of your insurance policy can help you determine which coverages you need for your vehicles. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. Shown next are the normal coverages found on the average insurance policy.
Collision coverage will pay to fix damage to your Venture caused by 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 can pay for things like colliding with another moving vehicle, sideswiping another vehicle and sustaining damage from a pot hole. This coverage can be expensive, so consider removing coverage from vehicles that are older. Drivers also have the option to bump up the deductible on your Venture to bring the cost down.
Med pay and Personal Injury Protection (PIP)
Coverage for medical payments and/or PIP kick in for expenses like prosthetic devices, nursing services and hospital visits. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Auto liability insurance
This can cover damage that occurs to people or other property that is your fault. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 10/20/10 that translate to a limit of $10,000 per injured person, a total of $20,000 of bodily injury coverage per accident, and property damage coverage for $10,000. Some companies may use a combined single limit or CSL which combines the three limits into one amount rather than limiting it on a per person basis.
Liability insurance covers things such as bail bonds, medical expenses and repair bills for other people’s vehicles. How much coverage you buy is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford. Florida state minimum liability requirements are 10/20/10 but drivers should carry more coverage.
The next chart shows why buying low liability limits may not be enough.
This coverage covers damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as a broken windshield, damage from a tornado or hurricane and hitting a deer. The maximum payout you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s not worth carrying full coverage.
Uninsured/Underinsured Motorist (UM/UIM)
This coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family and also any damage incurred to your Chevy Venture.
Since many Florida drivers have only the minimum liability required by law (which is 10/20/10), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is a good idea. Most of the time these limits are identical to your policy’s liability coverage.