If saving the most money is your goal, then the best way to find more affordable car insurance rates is to start doing a yearly price comparison from insurance carriers in Arlington.
Step 1: It will benefit you to learn about how insurance works and the factors you can control to keep rates down. Many factors that result in higher rates like traffic violations, accidents, and a substandard credit history can be rectified by paying attention to minor details. Continue reading for additional tips to find cheap rates and find available discounts that you may qualify for.
Step 2: Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can give quotes from one company like GEICO or Allstate, while agents who are independent can quote rates for many different companies.
Step 3: Compare the price quotes to your current policy premium and see if you can save money. If you find better rates and decide to switch, ensure there is no coverage lapse between policies.
Step 4: Provide notification to your current agent or company to cancel the current policy and submit the signed application along with the required initial payment for the new coverage. Be sure to keep your new certificate verifying proof of insurance in your glove compartment.
One bit of advice is to try to use identical coverages on each quote request and and to analyze as many companies as feasibly possible. This provides a level playing field and a complete price analysis.
It’s an obvious conclusion that insurance companies don’t want their customers to go rate shopping. Consumers who shop for lower rates will most likely buy a different policy because there is a good chance of getting low-cost coverage. A recent survey revealed that consumers who compared rates once a year saved on average $3,400 over four years compared to other drivers who never shopped around for better prices.
If finding the best price on car insurance in Arlington is your ultimate target, then having some knowledge of how to find and compare cheaper coverage can save time and make the process easier.
The purpose of this post is to tell you how insurance works and how you can save the most money. If you have a current car insurance policy, you will be able to reduce the price you pay using these tips. Shoppers just need to understand the quickest method to compare different rates online from multiple companies.
Dodge Journey coverage analysis
The information displayed next covers a range of insurance coverage prices for Dodge Journey models. Learning more about how insurance policy premiums are determined can be of help when making smart choices when selecting a coverage provider.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Journey SE 2WD||$282||$476||$400||$24||$120||$1,302||$109|
|Journey SXT 2WD||$282||$580||$400||$24||$120||$1,406||$117|
|Journey R/T 2WD||$318||$580||$400||$24||$120||$1,442||$120|
|Journey SXT Crew 2WD||$318||$580||$400||$24||$120||$1,442||$120|
|Journey SXT AWD||$318||$580||$400||$24||$120||$1,442||$120|
|Journey R/T AWD||$318||$684||$400||$24||$120||$1,546||$129|
|Journey SXT Crew AWD||$318||$684||$400||$24||$120||$1,546||$129|
|Get Your Own Custom Quote Go|
Premium data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Texas minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Information does not factor in Arlington location which can decrease or increase coverage prices significantly.
Tickets and at-fault accidents raise rates
The information below shows how violations and fender-benders can increase Dodge Journey insurance premiums for each different age group. The premium estimates are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are factored in.
Males versus Females
The chart below shows the comparison of Dodge Journey insurance rates for male and female drivers. The data is based on no claims or driving violations, comp and collision included, $500 deductibles, single marital status, and no discounts are applied to the premium.
Difference between full coverage and liability only rates
The diagram below visualizes the comparison of Dodge Journey car insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Texas. Data assumes no claims or driving violations, $1,000 deductibles, single status, and no discounts are applied to the premium.
Should you buy full coverage or liability only?
There is no clear-cut rule for dropping comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s say your Dodge Journey book value is $7,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $6,000 after paying the physical damage deductible. If premiums are more than $600 a year for comprehensive and collision coverage, then you might consider buying liability only.
There are some conditions where dropping full coverage is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not remove full coverage.
Coverages available on your car insurance policy
Having a good grasp of your car insurance policy can help you determine the right coverages for your vehicles. Car insurance terms can be ambiguous and reading a policy is terribly boring. Listed below are the usual coverages offered by car insurance companies.
Comprehensive (Other than Collision) – This will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.
Comprehensive insurance covers claims such as damage from flooding, fire damage, theft, a tree branch falling on your vehicle and damage from getting keyed. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.
Collision – This coverage pays for damage to your Journey from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.
Collision insurance covers claims like crashing into a ditch, damaging your car on a curb, sideswiping another vehicle and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Drivers also have the option to increase the deductible on your Journey to bring the cost down.
Protection from uninsured/underinsured drivers – Your UM/UIM coverage provides protection from other motorists when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and damage to your Dodge Journey.
Because many people carry very low liability coverage limits (30/60/25 in Texas), their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked. Usually these limits are identical to your policy’s liability coverage.
Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage reimburse you for immediate expenses for chiropractic care, rehabilitation expenses, hospital visits, funeral costs and nursing services. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. Medical payments and PIP cover 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 coverage is not universally available and may carry a deductible
Coverage for liability – This coverage protects you from damages or injuries you inflict on other’s property or people by causing an accident. It protects YOU against claims from other people, and does not provide coverage for damage sustained by your vehicle in an accident.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 30/60/25 which stand for a $30,000 limit per person for injuries, a per accident bodily injury limit of $60,000, and $25,000 of coverage for damaged property. Another option is a combined limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability coverage pays for things such as bail bonds, court costs, structural damage and medical services. How much liability coverage do you need? That is your choice, but you should buy as much as you can afford. Texas state minimum liability requirements are 30/60/25 but you should think about purchasing better liability coverage.
The next chart shows why buying minimum limits may not be high enough to adequately cover claims.
Affordable car insurance rates are out there
Discount Dodge Journey insurance in Arlington is possible both online as well as from insurance agents, so you need to quote Arlington auto insurance with both to have the best rate selection. Some insurance providers may not offer price quotes online and usually these small, regional companies only sell coverage through independent insurance agencies.
You just learned a lot of techniques to find lower-cost Dodge Journey insurance in Arlington. The most important thing to understand is the more rate quotes you have, the better likelihood of getting low cost Arlington auto insurance quotes. Consumers could even find that the lowest prices come from a small local company. Smaller companies often have lower rates on specific markets as compared to the big name companies such as Allstate, GEICO and Progressive.
Much more information about car insurance in Texas can be read at these links:
- Understanding your Policy (NAIC.org)
- Who Has Cheap Auto Insurance for a Toyota Tacoma in Arlington? (FAQ)
- How Much is Arlington Auto Insurance for Good Drivers? (FAQ)
- Who Has the Cheapest Arlington Car Insurance for High Mileage Drivers? (FAQ)
- What Auto Insurance is Cheapest After a Speeding Ticket in Arlington? (FAQ)
- Auto Insurance 101 (About.com)
- Distracted Driving Extends Beyond Texting (State Farm)
- Understanding Rental Car Insurance (Insurance Information Institute)