Having to pay for overpriced auto insurance can drain your savings account and force you to prioritize other expenses. Comparison shopping is a great way to lower your monthly bill.
Drivers have multiple car insurance companies to pick from, and although it’s a good thing to have a selection, too many choices makes it more difficult to find a good deal.
It is always a good idea to price shop coverage on a regular basis due to the fact that insurance rates tend to go up over time. Just because you found the lowest rates for Raider insurance a few years ago you may be paying too much now. You’ll find quite a bit of inaccurate information about auto insurance on the internet, so with this article, you’re going to get some tested techniques to quit paying high auto insurance rates.
Save money by taking advantage of these discounts
Insuring your fleet can be pricey, but companies offer discounts to help bring down the price. Some trigger automatically when you get a quote, but less common discounts must be asked about before they will apply.
- New Vehicle Savings – Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
- Use Seat Belts – Drivers who require all occupants to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.
- Low Mileage Discounts – Driving fewer miles can qualify you for better rates on cars that stay parked.
- Lower Rates for Military – Having a family member in the military could be rewarded with lower premiums.
- Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are safer to drive and qualify for as much as a 10% discount.
A little note about advertised discounts, most credits do not apply to the entire cost. Most only cut specific coverage prices like liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, companies don’t profit that way. Any qualifying discounts will help reduce your premiums.
But I don’t know anything about car insurance
When it comes to buying the right insurance coverage, there really is no one size fits all plan. Every situation is different so your insurance should reflect that For instance, these questions could help you determine whether or not you would benefit from professional advice.
- What are the financial responsibility laws in my state?
- Am I covered when renting a car or should I buy coverage from the car rental agency?
- What companies insure drivers after a DUI or DWI?
- Does my policy cover my teen driver if they drive my company car?
- Do I need medical payments coverage since I have good health insurance?
- I have good health insurance, so how much medical payments coverage do I need?
- Where can I get insurance after a DUI in my state?
- Is a new car covered when I drive it off the dealer lot?
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form or you can go here for a list of companies in your area.
Buying auto insurance from a local agent
Some consumers prefer to visit with an insurance agent and that is OK! The biggest benefit of price shopping on the web is that you can obtain the lowest rates and still have an agent to talk to. And supporting local agencies is definitely important in smaller rural communities.
To find an agent, once you fill out this quick form, the quote information is submitted to insurance agents who will battle for your business. You never need to leave your computer as quotes are delivered to the email address you provide. How cool is that?! You can find the lowest rates AND an agent nearby.
Independent or Captive: It’s your choice
If you’re trying to find an insurance agent, you need to know there are two types of insurance agents that you can select. Insurance agencies are classified as either independent (non-captive) or captive.
Independent Agencies or Brokers
These agents do not work for one specific company so they have the ability to put coverage with lots of companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, the agent simply finds a different carrier and you won’t have to switch agencies.
When comparing rates, it’s recommended you contact at a minimum one independent agency to get the best comparison.
Captive Insurance Agents
This type of agents work for only one company like Allstate, Farmers Insurance or State Farm. Captives cannot give you multiple price quotes so they have to upsell other benefits. Captive agents are well schooled on their products and sales techniques which helps them sell insurance even at higher premiums.
To view a full list of agents, click here.
Choosing an auto insurance agent requires more thought than just a low price. Here are some questions to ask:
- What insurance companies do they work with?
- Will their companies depreciate repairs to your car based on the mileage?
- Do the companies they represent have a solid financial rating?
- Do they review policy coverages at every renewal?
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Do they make recommendations based only on price?
Upon getting good answers to your questions and an acceptable price quote, you have narrowed it down to an insurance agent that will properly insure your vehicles.
Can switching companies really save?
Progressive, Allstate and GEICO continually stream ads on TV and radio. All the companies say the same thing that you can save after switching your coverage to them. But how can every company say the same thing?
Different companies have a preferred profile for the type of customer that is profitable for them. For example, a preferred risk might be over the age of 50, has no prior claims, and has a short commute. Any driver who matches those parameters is entitled to the best price and is almost guaranteed to save when switching.
Potential customers who are not a match for the “perfect” profile will be quoted a more expensive rate which leads to the driver buying from a lower-cost company. The ad wording is “drivers who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can state the savings.
This emphasizes why it’s extremely important to compare as many rates as you can. It’s impossible to know the company that will provide you with the cheapest rates.
Final considerations
We’ve covered many ideas to reduce Mitsubishi Raider insurance prices online. The most important thing to understand is the more you quote, the higher the chance of saving money. Consumers could even find that the lowest priced auto insurance comes from a smaller regional carrier. They often have lower prices on specific markets than their larger competitors like Allstate, GEICO and Progressive.
Cheaper Mitsubishi Raider insurance can be sourced on the web as well as from independent agents, and you need to comparison shop both to have the best selection. A few companies don’t offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.
