Cheap Insurance for a Suzuki Kizashi in Anchorage

A recent NerdWallet.com study revealed that most car insurance customers have bought car insurance from the same company for four years or more, and 38% of customers have never even shopped around for cheap coverage. With the average premium in Alaska being $1,158, drivers can save hundreds of dollars each year, but they don’t believe the large savings they would see if they replace their high priced policy.

Really, the only way to find more affordable Suzuki Kizashi insurance is to compare quotes annually from companies who provide car insurance in Anchorage.

• Step 1: Try to learn about how your policy works and the modifications you can make to keep rates low. Many risk factors that drive up the price like traffic citations, accidents, and a poor credit rating can be controlled by making minor driving habit or lifestyle changes.
• Step 2: Request rate estimates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give rate quotes from one company like Progressive and State Farm, while independent agents can provide prices from multiple insurance companies.
• Step 3: Compare the new rate quotes to your current policy premium to see if switching to a new carrier will save money. If you find a lower rate and switch companies, make sure coverage does not lapse between policies.

A good tip to remember is to make sure you enter similar deductibles and liability limits on each quote and and to get rate quotes from as many carriers as you can. This provides a fair rate comparison and a complete price analysis.

Our goal in writing this article familiarize you with how insurance works and some money-saving tips. If you have car insurance now, you should be able to cut your premiums using the concepts you’re about to learn. Although Alaska vehicle owners need to have an understanding of the way insurance companies charge you for coverage.

There are several ways to get quotes from lots of Alaska car insurance companies. The simplest method to compare insurance prices is simply to get online rate quotes. When comparison shopping, comparing more rates from different companies helps locate a lower rate.

The following companies offer free quotes in Anchorage, AK. To get cheap car insurance in Anchorage, AK, we recommend you visit several of them in order to get a fair rate comparison.

Auto insurance statistics for a Suzuki Kizashi

The information shown below highlights detailed analysis of insurance prices for Suzuki Kizashi models. Learning a little about how insurance policy rates are calculated can help guide drivers when making informed decisions when shopping around for a new policy.

Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Alaska minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, claim-free, and multi-policy. Premium costs do not factor in specific location which can revise coverage prices greatly.

Deductible comparison

One common question asked by Anchorage drivers is which comprehensive and collision deductibles to buy. The figures shown below lay out the cost difference when you select higher and lower physical damage coverage deductibles. The first table uses a $100 deductible for physical damage and the second rate table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Alaska minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Premium amounts do not factor in specific garaging location which can decrease or increase premium rates considerably.

Based on these figures, using a $100 deductible will cost you roughly $30 more each month or $360 every year than selecting the higher $1,000 deductible. Due to the fact that you would have to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you usually have at least 30 months between claims, you would most likely save money going with the higher deductible.

Responsible drivers pay cheaper Anchorage auto insurance rates

The illustration below highlights how speeding tickets and at-fault claims can impact Suzuki Kizashi premium costs for different age groups. The price estimates are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied to the premium.

Rate difference between full and liability-only coverage

The chart below shows the difference between Suzuki Kizashi insurance prices with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no violations or accidents, $500 deductibles, drivers are not married, and no discounts are taken into consideration.

Guidelines for dropping full coverage

There is no clear-cut rule of when to eliminate comp and collision coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.

For example, let’s say your Suzuki Kizashi replacement value is $9,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $8,000 after the policy deductible has been paid. If premiums are more than $800 a year for full coverage, then it might be time to buy liability only.

There are some scenarios where dropping full coverage is not recommended. If you haven’t paid off your loan, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.

Why you need vehicle insurance in Alaska

Despite the high cost of buying insurance for a Suzuki Kizashi in Anchorage, buying car insurance may be mandatory for several reasons.

First, almost all states have minimum liability requirements which means it is punishable by state law to not carry specific limits of liability coverage in order to get the vehicle licensed. 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.

Second, if you have a loan on your Suzuki Kizashi, it’s guaranteed your bank will require that you have physical damage coverage to ensure they get paid if you total the vehicle. If coverage lapses or is canceled, the lender may insure your Suzuki at a more expensive rate and require you to fork over for the expensive policy.

Third, car insurance preserves both your assets and your Suzuki. Insurance will also pay for medical bills incurred in an accident. One of the most valuable coverages, liability insurance, will also pay for a defense attorney in the event you are sued. If damage is caused by hail or an accident, collision and comprehensive coverages will pay all costs to repair after the deductible has been paid.

The benefits of carrying enough insurance are without a doubt worth the cost, especially for larger claims. According to a survey of 1,000 drivers, the average driver is wasting up to $800 each year so compare quotes from several companies once a year at a minimum to ensure rates are inline.

Car insurance coverage considerations

Having a good grasp of a car insurance policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the normal coverages available from car insurance companies.

Liability

This will cover damage or injury you incur to people or other property. This insurance 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, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/25 that means you have $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which provides one coverage limit rather than limiting it on a per person basis.

Liability coverage pays for claims such as legal defense fees, pain and suffering and attorney fees. The amount of liability coverage you purchase is up to you, but buy as high a limit as you can afford. Alaska requires minimum liability limits of 50/100/25 but you should think about purchasing better liability coverage.

The illustration below demonstrates why minimum state limits may not be enough.

Medical payments and PIP coverage

Medical payments and Personal Injury Protection insurance reimburse you for bills for things like X-ray expenses, prosthetic devices and rehabilitation expenses. The coverages can be used in conjunction with a health insurance program or if you are not covered by health insurance. Coverage applies to all vehicle occupants as well as any family member struck as a pedestrian. PIP coverage is not available in all states but can be used in place of medical payments coverage

Comprehensive auto coverage

This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like fire damage, rock chips in glass, damage from flooding, damage from getting keyed and theft. The maximum payout you can receive from a comprehensive claim 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.

Collision coverage protection

Collision coverage pays for damage to your Kizashi caused by collision with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision insurance covers things such as crashing into a building, driving through your garage door and sideswiping another vehicle. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. It’s also possible to increase the deductible on your Kizashi to save money on collision insurance.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants and damage to your Suzuki Kizashi.

Since a lot of drivers have only the minimum liability required by law (50/100/25), their limits can quickly be used up. This is the reason having UM/UIM coverage is important protection for you and your family. Frequently these coverages do not exceed the liability coverage limits.