Nobody cherishes buying car insurance, in particular when they are paying too much. With so many companies and agents to choose from, it can be challenging to pick the most cost effective provider.
Verify you’re getting all your discounts
Car insurance is not cheap, but there could be available discounts to help bring down the price. Some trigger automatically when you get a quote, but some may not be applied and must be manually applied before they will apply. If you’re not getting every credit you qualify for, you’re paying more than you need to.
- Claim Free – Good drivers with no accidents pay less when compared to drivers who are more careless.
- Anti-theft Discount – Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
- Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.
- Good Students Pay Less – Performing well in school can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
- Accident Forgiveness – A handful of insurance companies permit an accident before hitting you with a surcharge if you are claim-free prior to the accident.
- Save with a New Car – Buying coverage on a new vehicle can be considerably cheaper because new vehicles have to meet stringent safety requirements.
- Sign Online – Certain companies give back up to $50 for buying your policy online.
- Pay Now and Pay Less – If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
- Employee of Federal Government – Simply working for the federal government can save as much as 8% on F355 coverage depending on your company.
- Student Driver Training – Require your teen driver to complete a driver education course in high school.
Consumers should know that many deductions do not apply the the whole policy. Some only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like you could get a free car insurance policy, car insurance companies aren’t that generous. But any discount will bring down your premiums.
Ferrari F355 insurance rates are influenced by…
It’s important that you understand the factors that help determine car insurance rates. When you know what positively or negatively impacts premium levels helps enable you to make changes that may reward you with much lower annual insurance costs.
- Rates may be lower depending on your job – Jobs such as real estate brokers, architects and financial analysts have higher average rates attributed to job stress and lots of time spent at work. Conversely, jobs such as pilots, engineers and retirees get better rates on F355 coverage.
- Lower rates with optional equipment – Purchasing a vehicle with an alarm system can get you a discount on your car insurance. Anti-theft features such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all aid in stopping your vehicle from being stolen.
- A lapse in coverage is a bad thing – Letting your insurance expire will be a sure-fire way to increase your car insurance rates. And not only will insurance be more expensive, but not being able to provide proof of insurance can result in a steep fine or even jail time.Then you may be required to submit proof of financial responsibility or a SR-22 with your state motor vehicle department.
- Lower rates come with age – Young drivers tend to be careless and easily distracted behind the wheel so car insurance rates are higher. Adding a teen driver to your policy can be quite pricey. Older drivers are more cautious drivers, file fewer claims and receive fewer citations.
- Do you qualify for a multi-policy discount? – Most insurance companies provide better rates to insureds who buy several policies from them such as combining an auto and homeowners policy. Discounts can amount to 10 percent or more. Even with this discount, you may still want to comparison shop to verify if the discount is saving money.
- An active claims history can cost you – Auto insurance companies provide discounts to drivers who do not file claims often. If you file claims often, you can definitely plan on either a policy non-renewal or much higher rates. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
- Choose a safe vehicle and save – Cars with high safety ratings get lower rates. The safest vehicles reduce injuries and better occupant protection translates into savings for insurance companies and lower rates for you. If your Ferrari F355 has ratings of a minimum four stars on Safercar.gov it may be receiving lower rates.
When should I talk to an agent?
When buying adequate coverage for your vehicles, there is no best way to insure your cars. Every situation is different and a cookie cutter policy won’t apply. These are some specific questions could help you determine if you would benefit from professional advice.
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- When should I not file a claim?
- Are rental cars covered under my policy?
- Does my Ferrari F355 qualify for pleasure use?
- Should I put collision coverage on all my vehicles?
- What is the difference between comprehensive and collision coverage?
- Is a new car covered when I drive it off the dealer lot?
If you can’t answer these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and can provide invaluable advice.
Do drivers who switch really save $446 a year?
Drivers get pounded daily by advertisements for the lowest price auto insurance by Progressive, GEICO, Allstate and State Farm. All the ads make an identical promise that you’ll save big if you move to their company.
But how can every company say the same thing?
All the different companies are able to cherry pick for the type of customer they prefer to insure. For instance, a desirable insured could possibly be between 25 and 40, insures multiple vehicles, and has excellent credit. A driver who meets those qualifications will get the preferred rates and most likely will cut their rates substantially.
Drivers who don’t meet this ideal profile will have to pay more money and this can result in business not being written. Company advertisements say “customers who switch” but not “drivers who get quotes” save that kind of money. That’s the way companies can truthfully make the claims of big savings.
Because of the profiling, it’s extremely important to get quotes from several different companies. It is impossible to predict the company that will have the lowest rates.
And the best car insurance company is…
Low-cost Ferrari F355 insurance can be bought online and with local insurance agents, so compare prices from both to have the best chance of lowering rates. A few companies do not offer online quoting and these small, regional companies work with independent agents.
We just showed you a lot of ways to get a better price on Ferrari F355 insurance. The key thing to remember is the more companies you get rates for, the higher the chance of saving money. You may be surprised to find that the lowest rates come from a small mutual company. These companies often have lower prices on specific markets than their larger competitors like State Farm and Allstate.
