If you want to find the absolute lowest rates, then the best way to find cheaper quotes for Ford Fiesta insurance in Anchorage is to compare prices at least once a year from different companies who provide auto insurance in Alaska. This can be done by following these guidelines.
- Gain an understanding of how insurance companies determine prices and the measures you can take to keep rates in check. Many things that result in higher prices such as traffic violations and a lousy credit rating 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 provide rates from one company like Progressive and State Farm, while independent agents can quote rates for many different companies.
- Compare the new rates to your existing coverage to see if switching to a new carrier will save money. If you find a lower rate quote and buy the policy, make sure there is no lapse between the expiration of your current policy and the new one.
- Provide written notification to your current company of your decision to cancel your current car insurance policy. Submit the signed application along with the required initial payment to your new agent or company. As soon as you can, put the certificate verifying proof of insurance in an easily accessible location.
One thing to remember is to use the same deductibles and limits on every price quote and and to get quotes from all possible companies. This enables the most accurate price comparison and the best price selection.
It’s an obvious conclusion that insurance companies don’t want you to look for a cheaper policy. Insureds who compare price quotes are likely to switch companies because of the good chance of finding a lower-cost company. A recent car insurance study discovered that consumers who compared rates regularly saved approximately $850 each year compared to policyholders who never shopped for cheaper rates.
If finding the lowest price for Ford Fiesta insurance in Anchorage is your target objective, then having some knowledge of how to get rate quotes and compare coverage rates can make the process more efficient.
Getting a cheaper price on insurance can be relatively painless. All you need to do is spend a few minutes comparing rate quotes to see which company has inexpensive Anchorage auto insurance quotes.
Getting free rate quotes online is quite simple, and it makes it a waste of time to spend your day driving to insurance agents’ offices. Buying insurance online has made agencies unnecessary unless you have a complicated situation and need the advice and guidance of a local Anchorage agent. Although you can price shop your coverage online but buy the policy through an agent.
The auto insurance companies shown below are ready to provide price quotes in Alaska. If you want the best cheap auto insurance in AK, we suggest you visit several of them to get the cheapest price.
Why you need quality insurance for your Ford vehicle
Despite the potentially high cost of Ford Fiesta insurance, insurance is a good idea for several reasons.
- Most states have mandatory insurance requirements which means the state requires specific limits of liability coverage in order to be legal. In Alaska these limits are 50/100/25 which means you must have $50,000 of bodily injury coverage per person, $100,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Ford Fiesta has a lienholder, it’s most likely the lender will have a requirement that you have full coverage to guarantee payment of the loan. If you do not keep the policy in force, the bank or lender will purchase a policy for your Ford at a significantly higher premium and make you pay for the much more expensive policy.
- Insurance safeguards not only your car but also your assets. Insurance will pay for all forms of medical expenses for yourself as well as anyone injured by you. Liability insurance also pays for attorney fees and expenses if you are sued as the result of an accident. If mother nature or an accident damages your car, comprehensive (other-than-collision) and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance are definitely more than the cost, especially when you need to use it. An average driver in America is wasting up to $865 each year so you should quote and compare rates once a year at a minimum to make sure the price is not too high.
Coverages available on your auto insurance policy
Learning about specific coverages of your policy can help you determine the best coverages and the correct deductibles and limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. These are typical coverages found on the average auto insurance policy.
Comprehensive auto insurance – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive can pay for things like vandalism, fire damage, rock chips in glass, a broken windshield and hitting a bird. The maximum amount a auto insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Coverage for uninsured or underinsured drivers – This coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as your vehicle’s damage.
Since many Alaska drivers have only the minimum liability required by law (50/100/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.
Collision coverage – Collision coverage will pay to fix damage to your Fiesta resulting from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder.
Collision coverage protects against claims like colliding with a tree, colliding with another moving vehicle, rolling your car, damaging your car on a curb and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from vehicles that are older. Drivers also have the option to bump up the deductible on your Fiesta to bring the cost down.
Liability car insurance – This coverage will cover damage that occurs to a person or their property by causing an accident. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see values of 50/100/25 that means you have a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $25,000 of coverage for damaged property.
Liability coverage protects against things such as medical expenses, structural damage, funeral expenses and emergency aid. How much coverage you buy is your choice, but it’s cheap coverage so purchase higher limits if possible. Alaska requires drivers to carry at least 50/100/25 but you should think about purchasing more coverage.
The illustration below demonstrates why minimum state limits may not be high enough to adequately cover claims.
Coverage for medical expenses – Medical payments and Personal Injury Protection insurance kick in for bills for things like dental work, chiropractic care, X-ray expenses, prosthetic devices and funeral costs. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to all vehicle occupants and also covers getting struck while a pedestrian. PIP is not universally available but can be used in place of medical payments coverage
How to find a good Alaska car insurance company
Choosing a high-quality insurance company can be difficult considering how many choices there are in Alaska. The company rank data displayed below could help you decide which companies you want to consider purchasing from.
Top 10 Anchorage Car Insurance Companies by A.M. Best Rank
- USAA – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Allstate – A+
- Progressive – A+
- The Hartford – A+
- The General – A-
- AAA Insurance – A
- Liberty Mutual – A