Searching for lower priced El Paso Scion iQ insurance quotes over the internet might seem overwhelming for vehicle owners not familiar with buying their auto insurance over the internet. With such a large number of agents and companies competing online, how can you be able to compare the different rates to find the best available rates?
A recent auto insurance study discovered that most consumers have stayed with the same insurance company for well over three years, and approximately 40% of consumers have never even shopped around for lower-cost coverage. The average driver in Texas can save hundreds of dollars each year just by getting comparison quotes, but they just don’t understand the rate savings if they switch to a new company.
Buying the cheapest auto insurance in El Paso is quite easy. If you have a policy now, you will surely be able to cut your premiums using this strategy. But Texas vehicle owners must know the methods companies use to sell online and use it to your advantage.
Cheap El Paso insurance quotes with discounts
Not many people think insurance is cheap, but discounts can save money and there are some available that could drop your premiums quite a bit. Some discounts will apply at the time of quoting, but some may not be applied and must be specially asked for before you will receive the discount.
- Discount for Low Mileage – Maintaining low annual mileage may allow you to get better rates on cars that stay parked.
- Discounts for Safe Drivers – Safe drivers can pay as much as 50% less compared to rates paid by drivers with frequent claims.
- Good Grades Discount – Being a good student can be rewarded with saving of up to 25%. You can use this discount normally until age 25.
- Passive Restraint Discount – Vehicles equipped with air bags or motorized seat belts can get savings of 25 to 30%.
- Discounts for Multiple Vehicles – Buying insurance for multiple cars or trucks on one policy may reduce the rate for each vehicle.
- Federal Employees – Active or retired federal employment could cut as much as 10% off depending on your company.
- Student in College – Older children who are enrolled in higher education away from home and don’t have a car could qualify for this discount.
One last thing about discounts, most credits do not apply to all coverage premiums. A few only apply to specific coverage prices like medical payments or collision. Just because it seems like all those discounts means the company will pay you, you won’t be that lucky.
To choose insurers with the best discounts in El Paso, click here.
Auto insurance coverages 101
Having a good grasp of a auto insurance policy can help you determine the best coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.
Collision coverage protection
This coverage covers damage to your iQ resulting from colliding with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision can pay for claims like hitting a mailbox, crashing into a building, colliding with another moving vehicle and backing into a parked car. Collision coverage makes up a good portion of your premium, so you might think about dropping it from lower value vehicles. It’s also possible to bump up the deductible on your iQ to bring the cost down.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage pay for bills such as doctor visits, rehabilitation expenses and dental work. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to all vehicle occupants and will also cover getting struck while a pedestrian. PIP coverage is not an option in every state and may carry a deductible
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and damage to your Scion iQ.
Since a lot of drivers have only the minimum liability required by law (30/60/25 in Texas), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive can pay for things such as hail damage, hitting a deer, fire damage, falling objects and a broken windshield. The maximum amount your auto insurance company will pay is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Auto liability insurance
This provides protection from injuries or damage you cause to other’s property or people. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see policy limits of 30/60/25 that means you have $30,000 in coverage for each person’s injuries, $60,000 for the entire accident, and property damage coverage for $25,000.
Liability coverage pays for things such as court costs, medical expenses and attorney fees. The amount of liability coverage you purchase is a personal decision, but buy as high a limit as you can afford. Texas state minimum liability requirements are 30/60/25 but you should think about purchasing more coverage.
The illustration below demonstrates why buying low liability limits may not provide you with enough coverage.
Texas car insurance companies ranked
Selecting the best auto insurance provider can be difficult considering how many choices you have in El Paso. The ranking data below can help you choose which coverage providers you want to consider when comparing rates.
Top 10 El Paso Car Insurance Companies Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Smart consumers save more
Insureds change insurance companies for any number of reasons including delays in paying claims, lack of trust in their agent, questionable increases in premium or denial of a claim. Regardless of your reason, finding the right insurance provider can be easier than you think.
You just read quite a bit of information on how to shop for Scion iQ insurance online. The key concept to understand is the more quotes you get, the better likelihood of getting low cost El Paso car insurance quotes. Consumers could even find that the lowest car insurance rates are with a lesser-known regional company.
When shopping online for insurance, don’t be tempted to buy less coverage just to save a little money. There have been many cases where consumers will sacrifice liability limits or collision coverage only to regret they didn’t have enough coverage. Your aim should be to buy a smart amount of coverage at the best cost and still be able to protect your assets.
How to find more affordable Scion iQ insurance in El Paso
If you want to find the absolute lowest rates, then the best way to get low-cost Scion iQ insurance is to start doing an annual price comparison from different companies who provide car insurance in El Paso. Prices can be compared by completing these steps.
Step 1: Try to understand how auto insurance works and the things you can change to prevent expensive coverage. Many rating factors that drive up the price like speeding tickets, careless driving and bad credit can be remedied by making minor changes in your lifestyle.
Step 2: Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like Progressive or Allstate, while agents who are independent can provide prices for a wide range of insurance providers.
Step 3: Compare the price quotes to your current policy and determine if there is any savings. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Provide notification to your current company of your intent to cancel the current policy and submit payment and a completed application to the new insurer. Once the paperwork is finalized, put the certificate verifying coverage in an easily accessible location.
One thing to remember is to try to compare identical coverage information on each quote request and and to get rates from as many companies as possible. This enables an apples-to-apples comparison and the best price selection.
For more information, feel free to visit these articles:
- Think You’re a Safe Driver? (State Farm)
- Rental Car Insurance Tips (Insurance Information Institute)
- Protecting Teens from Drunk Driving (Insurance Information Institute)
- Event Data Recorders FAQ (iihs.org)
- How to shop for a safer car (Insurance Institute for Highway Safety)