Tired of paying out the nose to buy car insurance? Your situation is no different than many other consumers.
Many auto insurance companies compete to insure your vehicles, and because of this it can be hard to compare auto insurance companies to discover the definitive lowest rate possible.
Consumers need to compare prices before your policy renews because insurance rates fluctuate regularly. Just because you found the best price on SLK300 insurance a few years ago there is a good chance you can find better rates now. Forget all the misinformation about car insurance because I’m going to let you in on the secrets to the only way to save money, get proper deductibles and limits, all at the lowest rate.
If you currently have a car insurance policy, you will be able to save some money using these methods. Finding the best rates is not rocket science. Although car owners should learn how the larger insurance companies price insurance differently and use this information to your advantage.
Finding Car Insurance
There are several ways to shop for car insurance, and some are more efficient than others. You can spend your afternoon talking about coverages with insurance agencies in your area, or you could use the web to get rate comparisons in just a few minutes.
Many companies are enrolled in a marketplace where prospective buyers submit their information once, and each participating company returns a rated price based on that data. This prevents consumers from doing form submissions to each individual car insurance company.
To access this free quoting program, click here (opens in new window).
The only drawback to getting quotes like this is that consumers can’t choose which carriers to receive prices from. If you wish to select specific providers to compare rates, we have a listing of car insurance companies in your area. Click to view list.
However you get your quotes, ensure you are comparing identical coverage limits with every price quote. If the quotes have different limits and deductibles on each one it’s not possible to truly determine the lowest rate. Having just a slight variation in coverages may cause a big price difference. And when comparison shopping, comparing more company’s prices provides better odds of finding lower pricing.
Discounts are great for lower rates
The cost of insuring your cars can be expensive, but you can get discounts that you may not even be aware of. Certain discounts will be applied at quote time, but less common discounts must be requested specifically before they will apply.
- Paperwork-free – A handful of insurance companies give back up to $50 for buying your policy over the internet.
- Theft Prevention System – Cars that have factory anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
- Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
- Discount for Swiching Early – Select companies give a discount for signing up prior to your current policy expiration. The savings is around 10%.
- Bundle and Save – If you have multiple policies with the same insurance company you could get a discount of 10% to 20% off each policy.
Keep in mind that some of the credits will not apply to all coverage premiums. Most only apply to individual premiums such as physical damage coverage or medical payments. So when the math indicates it’s possible to get free car insurance, you’re out of luck. But any discount will reduce the amount you have to pay.
You may need specialized coverage
When choosing the best car insurance coverage for your personal vehicles, there really is not a cookie cutter policy. Each situation is unique and a cookie cutter policy won’t apply. For example, these questions may help you determine whether you could use an agent’s help.
- At what point should I drop full coverage?
- What happens if I owe more than my Mercedes-Benz SLK300 is worth?
- I don’t drive much so do I pay less?
- When would I need rental car insurance?
- Does my insurance cover a custom paint job?
- What if I don’t agree with a claim settlement offer?
- When would I need additional glass coverage?
- Do I benefit by insuring my home with the same company?
- Is rental equipment covered for theft or damage?
- Are there companies who specialize in insuring high-risk drivers?
If you can’t answer these questions but one or more may apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, take a second and complete this form or you can also visit this page to select a carrier
