Trying to find low-cost insurance for an Aston Martin DB7 can be an all-consuming task, but you can follow our auto insurance buying tips to save time. There is a right way and a wrong way to shop for auto insurance and you need to know the best way to compare rates for your Aston Martin and get the best price possible.
You should make it a habit to get comparison quotes yearly since insurance rates go up and down regularly. Just because you found the best price on DB7 coverage on your last policy there may be better deals available now. Starting now, block out anything you think you know about auto insurance because I’m going to teach you the fastest way to lower your annual insurance bill.
If you have a current auto insurance policy or are just looking to switch companies, you can follow these tips to reduce the price you pay while maintaining coverages. Shopping for the cheapest auto insurance is not that difficult. Consumers just need to understand the proper methods to compare company rates on the web.
Factors that might impact rates for an Aston Martin DB7
Consumers need to have an understanding of some of the elements that help determine auto insurance rates. Understanding what impacts premium levels helps enable you to make changes that will entitle you to big savings.
- Always keep insurance in force – Allowing your coverage to lapse is a sure-fire way to bump up your auto insurance costs. Not only will rates go up, failure to provide proof of insurance might get you a revoked license or a big fine.
- Your occupation can affect rates – Careers like real estate brokers, social workers and accountants tend to have higher rates than average because of job stress and lengthy work days. On the flip side, occupations such as pilots, athletes and the unemployed receive lower rates on DB7 coverage.
- Teen drivers pay high rates – Young drivers tend to be careless and easily distracted when behind the wheel so auto insurance rates are higher. Older insureds are more cautious drivers, tend to file fewer claims and receive fewer citations.
- Credit scores impact auto insurance rates – Credit history is a big factor in your rate calculation. If your credit score is not that good, you could potentially save money when insuring your Aston Martin DB7 by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.
- One company can mean more discounts – Some companies will award you with lower prices to policyholders who buy several policies from them. It’s known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even though this discount sounds good, you may still want to compare rates to verify if the discount is saving money.
- Bump up deductibles to save – Coverage for physical damage, also known as collision and other-than-collision, protects your Aston Martin from damage. Examples of covered claims are running into the backend of another car, damage from fire, and burglary. Deductibles for physical damage are the amount of money you are required to spend if you file a covered claim. The more expense you’re willing to pay, the lower your rates will be on DB7 coverage.
- Tickets mean higher rates – A bad driving record has a big impact on rates. Even one speeding ticket may increase your cost twenty percent or more. Drivers with clean records get better rates than their less careful counterparts. If you have dangerous violations such as hit and run, DWI or reckless driving convictions may find they need to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.
Save big with these discounts
Auto insurance companies do not list every available discount very clearly, so we researched both the well known and the more hidden auto insurance savings. If you’re not getting every credit you qualify for, you are throwing money away.
- Claim Free – Good drivers with no accidents can save substantially compared to frequent claim filers.
- Anti-lock Brake System – Anti-lock brake equipped vehicles are safer to drive and earn discounts up to 10%.
- Anti-theft System – Anti-theft and alarm systems help deter theft and will save you 10% or more.
- 55 and Retired – If you qualify as a senior citizen, you may receive a small decrease in premiums on DB7 coverage.
- Memberships – Belonging to a civic or occupational organization may earn a discount when shopping for auto insurance on DB7 coverage.
- New Car Discount – Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
- Auto/Life Discount – Some companies give a break if you buy life insurance.
- Discounts for Safe Drivers – Drivers who don’t get into accidents can get discounts for up to 45% lower rates on DB7 coverage than less cautious drivers.
- Safety Course Discount – Taking part in a driver safety course could cut 5% off your bill if your company offers it.
- E-sign – A few companies will give a small break simply for signing over the internet.
As a disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Most cut the cost of specific coverages such as medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, you’re out of luck.
To choose insurance companies offering auto insurance discounts, click here.
Comparing rates from local agents
Certain consumers would rather buy from a local agent and that is a personal choice. Agents can answer important questions and give you someone to call. One of the great benefits of comparing rates online is you may find the best rates and still have an agent to talk to.
By using this short form, your coverage information is submitted to local insurance agents who will compete for your insurance coverage. There is no reason to drive around because quoted prices will be sent immediately to your email address. It doesn’t get any easier!
Choosing an insurance company requires more thought than just a cheap price. Agents should be asked these questions:
- If your car is in the repair shop, do you have coverage for a rental car?
- How often do they review policy coverages?
- Can glass repairs be made at your home?
- Can they provide you with a list of referrals?
- If you have an accident, will your rates go up?
- Does the agency have a good rating with the Better Business Bureau?
- Do they specialize in personal lines coverage?
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
Is a captive or independent insurance agent right for you?
When looking for an insurance agent, there are a couple of types of insurance agents that you can select. Insurance agencies can either be independent (non-captive) or captive. Either one can write coverage properly, but it’s worth learning how they differ because it can impact your agent selection.
Agency Captives
This type of agents work for only one company and some examples include State Farm or Allstate. They are unable to compare other company’s rates so always compare other rates. They are trained well on their products and sales techniques which helps them sell insurance even at higher premiums. Some consumers prefer to purchase coverage from captives mostly because of high brand loyalty and solid financial strength.
Independent Insurance Agents
These agents are not required to write business for one company so they can insure your vehicles with multiple insurance companies and potentially find a lower price. To move your coverage to a new company, the agent simply finds a different carrier and you don’t have to find a new agent. When comparison shopping, it’s a good idea to include several independent insurance agents for the best price selection. Most have the option of insuring with different regional companies which can save you money.
For a complete listing of agents, click here.
Once you have positive responses to all your questions and a low price estimate, most likely you have located an insurance agency that can properly service your auto insurance policy.
Switch companies and save? Really?
Drivers get pounded daily by advertisements for cheaper car insurance by Progressive, Allstate and GEICO. All the companies make an identical promise that you’ll save big if you change to their company.
How can each company say the same thing? This is how they do it.
Insurance companies are able to cherry pick for the type of customer that is profitable for them. An example of a driver they prefer could possibly be between the ages of 30 and 50, insures multiple vehicles, and drives newer vehicles. A customer getting a price quote who fits that profile receives the best rates and therefore will save quite a bit of money when switching.
Potential insureds who don’t meet the “perfect” profile will be quoted a higher premium which usually ends up with business not being written. Company advertisements say “customers that switch” not “everybody who quotes” save that kind of money. That’s why companies can truthfully advertise the way they do. This emphasizes why drivers must compare as many rates as you can. You cannot predict the company that will give you the biggest savings.
It’s not one size fits all
When it comes to choosing adequate coverage for your vehicles, there really is no cookie cutter policy. Every situation is different.
These are some specific questions can aid in determining if you will benefit from professional help.
- Are my tools covered if they get stolen from my vehicle?
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Can I afford to buy a different vehicle if my Aston Martin DB7 is totaled?
- Where can I get insurance after a DUI in my state?
- Does my Aston Martin DB7 qualify for pleasure use?
- Do I have coverage when pulling a U-Haul trailer?
- What should my uninsured motorist coverage limits be in my state?
If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. To find lower rates from a local agent, complete this form. It is quick, free and you can get the answers you need.
In Summary
In this article, we presented a lot of ways to save on Aston Martin DB7 insurance. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even find the lowest rates come from a small mutual company.
As you prepare to switch companies, never buy poor coverage just to save money. In many instances, an insured dropped physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to get the best coverage possible at an affordable rate while still protecting your assets.
Cheaper Aston Martin DB7 insurance can be found from both online companies in addition to many insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies do not provide online quoting and most of the time these small, regional companies sell through independent agents.
