Are you regretting buying overpriced Saab 9-3 insurance in Baltimore? Don’t sweat it because there are many Baltimore drivers thinking the same thing.
Sadly, the majority of drivers have been with the same company for at least the last four years, and nearly the majority have never compared quotes from other companies. Baltimore consumers can cut their rates by nearly $750 a year, but they just assume it’s a time-consuming process to compare rates online.
How to find cheaper rates for Saab 9-3 insurance in Baltimore
Truthfully, the best way to find low-cost prices for car insurance rates is to compare quotes once a year from insurance carriers who sell auto insurance in Baltimore.
- Take a few minutes and learn about car insurance and the factors you can control to keep rates down. Many things that cause high rates such as distracted driving and poor credit can be eliminated by being financially responsible and driving safely.
- Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only quote rates from a single company like Progressive and State Farm, while independent agencies can quote rates for a wide range of insurance providers.
- Compare the new rate quotes to the price on your current policy and see if there is a cheaper rate in Baltimore. If you find a better price and buy the policy, verify that coverage does not lapse between policies.
The critical component of shopping around is to try to use the same deductibles and limits on every price quote and and to get price quotes from as many companies as possible. Doing this guarantees a fair price comparison and the best price quote selection.
Insurance companies such as GEICO, Progressive and Allstate continually hit you with fancy advertisements and it is difficult to ignore the flying pigs and cute green geckos and find the best price available.
If you have a policy now or just want to save money, you will benefit by learning to find better prices without sacrificing coverage. Choosing the most cost-effective auto insurance policy in Baltimore is not rocket science. Smart shoppers just have to understand the fastest way to compare rates over the internet.
Getting cheap car insurance pricing is a great way to save money. The only thing you need to do is take time comparing rates online with multiple companies.
It’s so easy to compare price quotes online that it takes the place of having to drive around to each insurance agency near you. Quoting and buying Saab 9-3 insurance online reduces the need to sit down with an agent unless you have a complicated situation and need the professional abilities that you can only get from talking to an agent. It is possible to price shop online but buy the policy through an agent.
The following companies offer comparison quotes in Maryland. To locate the cheapest auto insurance in MD, we suggest you click on several of them to get the most competitive price.
Rate information and statistics
The table displayed next showcases a range of coverage prices for Saab 9-3 models. Understanding how insurance prices are formulated is important to be able to make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 9-3 2.0T 4-Dr Sedan | $340 | $766 | $390 | $24 | $116 | $1,636 | $136 |
| 9-3 2.0T Station Wagon | $340 | $766 | $390 | $24 | $116 | $1,636 | $136 |
| 9-3 2.0T XWD 4-Dr Sedan | $340 | $766 | $390 | $24 | $116 | $1,636 | $136 |
| 9-3 Aero 4-Dr Sedan | $378 | $882 | $390 | $24 | $116 | $1,790 | $149 |
| 9-3 2.0T 2-Dr Convertible | $378 | $882 | $458 | $28 | $138 | $1,884 | $157 |
| 9-3 2.0T XWD Station Wagon | $378 | $882 | $390 | $24 | $116 | $1,790 | $149 |
| 9-3 Aero Station Wagon | $378 | $882 | $390 | $24 | $116 | $1,790 | $149 |
| 9-3 Aero XWD 4-Dr Sedan | $378 | $882 | $390 | $24 | $116 | $1,790 | $149 |
| 9-3 Aero 2-Dr Convertible | $416 | $998 | $458 | $28 | $138 | $2,038 | $170 |
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rates do not factor in your specific Baltimore location which can impact coverage prices substantially.
The example below shows how choosing a deductible and can change Saab 9-3 insurance premiums for different categories of driver ages. The data is based on a married male driver, full coverage, and no discounts are factored in.
Full coverage versus liability-only in Baltimore
The example below visualizes the comparison of Saab 9-3 insurance prices with full physical damage coverage and with liability coverage only. Data assumes a clean driving record, no claims, $100 deductibles, single status, and no discounts are factored in.
Should you be buying full coverage?
There is no clear-cut formula to stop buying physical damage coverage, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then it could be time to drop full coverage.
For example, let’s assume your Saab 9-3 replacement value is $9,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,000 after paying your deductible. If it’s costing in excess of $800 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.
There are some conditions where eliminating full coverage is not advised. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not drop full coverage.
Car insurance is not optional
Despite the potentially high cost of Saab 9-3 insurance, maintaining insurance serves a purpose in several ways.
- Most states have mandatory liability insurance requirements which means you are required to carry a specific level of liability coverage in order to drive the car legally. In Maryland these limits are 30/60/15 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
- If you bought your 9-3 with a loan, it’s most likely the lender will force you to have insurance to ensure they get paid if you total the vehicle. If you do not pay your insurance premiums, the bank will be required to insure your Saab at a significantly higher premium and force you to reimburse them for the much more expensive policy.
- Insurance safeguards not only your car but also your financial assets. It will also pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, will also pay to defend you if you are sued as the result of an accident. If mother nature or an accident damages your car, your car insurance policy will pay to repair the damage.
The benefits of having car insurance outweigh the cost, especially if you ever need it. But the average American driver is overpaying over $830 a year so compare rate quotes every year to ensure rates are inline.
Auto insurance coverage considerations
Knowing the specifics of a auto insurance policy can be of help when determining the best coverages at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy. Below you’ll find the usual coverages found on the average auto insurance policy.
Coverage for collisions
This pays for damage to your 9-3 resulting from a collision with another vehicle or an object, but not an animal. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as scraping a guard rail, crashing into a ditch, crashing into a building and backing into a parked car. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. You can also increase the deductible on your 9-3 to bring the cost down.
Comprehensive or Other Than Collision
This pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for things like fire damage, theft and hail damage. The highest amount a auto insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.
Auto liability insurance
This coverage can cover damage or injury you incur to people or other property that is your fault. It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show limits of 30/60/15 that translate to a $30,000 limit per person for injuries, $60,000 for the entire accident, and a limit of $15,000 paid for damaged property. Some companies may use a combined single limit or CSL which provides one coverage limit and claims can be made without the split limit restrictions.
Liability can pay for things like repair costs for stationary objects, medical services, legal defense fees, structural damage and court costs. The amount of liability coverage you purchase is up to you, but buy higher limits if possible. Maryland state minimum liability requirements are 30/60/15 but you should consider buying more liability than the minimum.
The illustration below demonstrates why low liability limits may not be adequate.
UM/UIM Coverage
Your UM/UIM coverage gives you protection from other motorists when they do not carry enough liability coverage. It can pay for hospital bills for your injuries and damage to your Saab 9-3.
Due to the fact that many Maryland drivers only carry the minimum required liability limits (30/60/15), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these limits are similar to your liability insurance amounts.
Medical costs insurance
Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses like pain medications, funeral costs, dental work, rehabilitation expenses and chiropractic care. They are often utilized in addition to your health insurance plan or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants and also covers getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible