Have you fallen victim to an overpriced auto insurance policy? Believe me, you’re not alone. With consumers having so many choices, it can be impossible to find the best car insurance company.
You need to price shop coverage quite often due to the fact that insurance rates go up and down regularly. Just because you found the lowest price on Silver Spur insurance a year ago there is a good chance you can find better rates now. Starting now, ignore everything you know about auto insurance because I’m going to teach you how to use the internet to save on auto insurance.
Finding the best rates is not that difficult. If you have car insurance now, you stand a good chance to be able to save some money using these tips. Consumers only need an understanding of the proper way to compare prices online.
Save money by taking advantage of these discounts
Companies offering auto insurance don’t always list every discount in an easy-to-find place, so we researched some of the best known as well as the least known discounts you could be receiving. If they aren’t giving you every credit you deserve, you’re just leaving money on the table.
- Homeowners Discount – Simply owning a home can save you money due to the fact that maintaining a home is proof that your finances are in order.
- Multi-car Discount – Having more than one vehicle on the same auto insurance policy qualifies for this discount.
- Drivers Education – Require your teen driver to take driver’s ed class in high school.
- Auto/Life Discount – Companies who offer life insurance give a discount if you purchase auto and life insurance together.
- Claim Free – Drivers with accident-free driving histories can earn big discounts when compared with frequent claim filers.
- Club Memberships – Being a member of a professional or civic organization may earn a discount when buying auto insurance on Silver Spur insurance.
Consumers should know that most discount credits are not given to the overall cost of the policy. Most only reduce individual premiums such as comp or med pay. So when it seems like you can get free auto insurance, companies don’t profit that way.
To choose companies offering auto insurance discounts, click here.
Low Cost Auto Insurance
All major auto insurance companies quote prices for coverage on their websites. This process is quite simple as you just enter your coverage preferences into a form. Once entered, their system orders credit information and your driving record and returns pricing information. Online price quotes simplifies rate comparisons, but having to visit multiple sites and type in the same information can be a bit tiresome and repetitive. But it’s absolutely necessary to get many rate quotes if you are searching for the best price on auto insurance.
A less time-consuming method to find lower prices utilizes a single form to return rates from a lot of companies. The form is fast, requires much less work on your part, and makes online shopping a little more enjoyable. Immediately after you send the form, it is rated and you are able to buy any or none of the price quotes you receive. If the quotes result in lower rates, you simply finish the application and purchase the new policy. It just takes a couple of minutes and can result in significant savings.
In order to find out how much you’re overpaying now, simply click here to open in new window and submit the form. If you currently have coverage, we recommend you copy the insurance coverages as shown on your current policy. Using the same limits helps guarantee you are getting a rate comparison for similar insurance coverage.
Your Rolls Royce Silver Spur insurance rate is a complex equation
Consumers need to have an understanding of the factors that come into play when calculating auto insurance rates. Having a good understanding of what influences your rates enables informed choices that can help you get much lower annual insurance costs.
The list below includes some of the factors auto insurance companies consider when setting your rates.
- Don’t sacrifice liability coverage – Liability insurance provides coverage in the event that you are found to be at fault for personal injury or accident damage. Liability provides you with a defense in court up to the limits shown on your policy. Liability is cheap compared to physical damage coverage, so do not skimp.
- Adjust deductibles and save – Physical damage coverage, also known as collision and other-than-collision, protects your Rolls Royce from damage. Some instances where coverage would apply could be running into the backend of another car, damage caused by hail, and rolling your vehicle. The deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The higher the amount you are required to pay out-of-pocket, the lower your rates will be on Silver Spur insurance.
- Being married is a good thing – Being married actually saves money on your policy. Marriage is viewed as being more mature and responsible and statistics show drivers who are married are more cautious.
- No coverage gaps is important – Having an insurance coverage lapse will be a guaranteed way to trigger a rate increase. And not only will insurance be more expensive, but being ticketed for driving with no insurance may earn you a revoked license or a big fine.
- Safe vehicles cost less to insure – Cars with high safety ratings can get you lower premiums. The safest vehicles have better occupant injury protection and better occupant protection means lower claim amounts and thus lower rates. If your Rolls Royce Silver Spur scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you may qualify for a discount.
- Are you male or female? – Statistics demonstrate women are more cautious behind the wheel. That doesn’t necessarily mean that women are BETTER drivers than men. Both sexes tend to get into accidents in similar numbers, but the male of the species cause more damage. Men also tend to have more aggressive citations such as reckless driving. Youthful male drivers tend to get in the most accidents and are penalized with high auto insurance rates.
Auto insurance ads bend the truth
Drivers can’t ignore all the ads for the lowest price auto insurance from companies such as Allstate, GEICO and Progressive. They all seem to make an identical promise that you’ll save big after switching your policy.
How does each company say the same thing? This is how they do it.
All companies have a certain “appetite” for the right customer that is profitable for them. For instance, a desirable insured could be over the age of 40, has no tickets, and chooses high deductibles. A customer who matches those parameters will get the preferred rates and is almost guaranteed to save a lot of money.
Drivers who are not a match for the requirements will be charged higher rates and this can result in business not being written. The ad wording is “customers that switch” but not “drivers who get quotes” save that much. That’s the way insurance companies can make the claims of big savings. That is why it’s extremely important to get as many quotes as possible. It’s not possible to predict which insurance companies will give you the biggest savings.
In conclusion
We’ve covered quite a bit of information on how to get a better price on Rolls Royce Silver Spur insurance. The key concept to understand is the more companies you get rates for, the higher the chance of saving money. Consumers could even find that the most savings is with the least-expected company. Regional companies may have significantly lower rates on certain market segments as compared to the big name companies such as Progressive or GEICO.
As you prepare to switch companies, it’s not a good idea to reduce coverage to reduce premium. Too many times, an insured cut liability coverage limits to discover at claim time that the small savings ended up costing them much more. The proper strategy is to buy a smart amount of coverage at an affordable rate while not skimping on critical coverages.
