Did you come to the realization that you have an expensive auto insurance policy? Don’t feel bad because many consumers are in the same pinch. Numerous auto insurance companies battle for your hard-earned dollar, so it can be very hard to choose a provider to discover the definitive lowest cost out there.
If you have insurance now or are shopping for new coverage, you can learn to cut your premiums and possibly find even better coverage. Finding the best rates is easy if you know what you’re doing. Drivers just need to know the best way to compare rates online.
Getting a cheaper price on insurance isn’t really that difficult. Drivers just need to take time getting comparison quotes from some recommended companies. This can easily be done in a couple of different ways.
- One of the simplest ways to get the best comparison quotes is to use a rate comparison form (click to open form in new window). This style of form prevents you from having to do repetitive form submissions for every company. Just one form gets rate comparisons from multiple low-cost companies.
- A different way to get quotes online is spending the time to visit the website of each company and fill out their own quote form. For instance, we’ll assume you want to see prices from GEICO, Esurance and State Farm. To do that, you would have to visit each site and enter your information, which can get rather old.
For a handy list of car insurance company links in your area, click here.
- The least efficient and most time consuming method to find and compare rates is driving around to insurance agencies in your area. Doing it all online eliminates the need for an insurance agent unless you have a complicated situation and need the professional abilities of a local agent. Some companies do allow you to comparison shop your insurance online and get advice from an agent in your area.
The method you choose is up to you, but ensure you are comparing apples-to-apples coverage limits and deductibles for each comparison quote. If the quotes have unequal deductibles or liability limits you can’t possibly determine which rate is truly the best.
Is there deception in advertising?
Consumers can’t get away from ads for the lowest price auto insurance by State Farm, Allstate and GEICO. All the companies tend to make the same promise that people will save if you get a free and switch your policy.
But how can every company cost less than your current company? This is how they do it.
All the different companies quote their cheapest rates for the type of customer that makes them money. For example, a profitable insured might be between the ages of 30 and 45, is a homeowner, and drives newer vehicles. A customer getting a price quote who fits those characteristics will get the preferred car insurance rates and will probably save a lot of money.
Potential customers who don’t measure up to the requirements will probably have to pay higher premium rates with the end result being business going elsewhere. If you listen to the ad wording, they say “customers that switch” not “everyone that quotes” save money. That’s the way companies can make claims like that. Because of the profiling, you really should get price quotes at each policy renewal. It is impossible to guess which company will provide the lowest car insurance rates.
Informed Drivers Save Every Year
Part of the auto insurance buying process is learning some of the elements that help calculate the rates you pay for auto insurance. If you know what determines premiums, this helps enable you to make changes that can help you get lower auto insurance prices.
- Stay claim-free and lower rates – If you are the type of insured that files lots of claims you can pretty much guarantee higher premiums or even policy non-renewal. Insurance companies give cheaper rates to drivers who are not frequent claim filers. Your car insurance is meant to be used in the event of major claims that would cause financial hardship.
- Low stress job equals lower auto insurance rates – Occupations like doctorsairline pilots and miners tend to pay higher premiums than the average policyholder due to intense work-related stress and incredibly demanding work hours. On the flip side, careers like farmers, students and retirees receive lower rates for FCX Clarity insurance.
- Drive a safer car and pay less – Vehicles that have high safety ratings get lower rates. Vehicles built for safety result in less severe injuries and lower rates of occupant injuries means lower claim amounts passed on to you as lower rates.
- How do annual miles impact prices? – The higher the miles on your Honda in a year the higher your rates will be. Many insurance companies charge to insure your cars based on how the vehicle is used. Autos that have low annual miles receive better premium rates compared to those used for work or business. Double check that your auto insurance policy is rated on how each vehicle is driven, because improper ratings can cost you money. Having the wrong rating on your FCX Clarity may be costing you higher rates.
- Consider raising coverage deductibles – Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your vehicle. A few examples of covered claims could be colliding with a building, hail damage, and windstorm damage. The deductibles are the amount of money you are willing to pay out-of-pocket before your auto insurance pays a claim. The larger the amount the insured has to pay upfront, the better rate you will receive for FCX Clarity insurance.
- Poor credit history equals high rates – Credit score is likely to be a major factor in calculating your auto insurance rates. Therefore, if your credit rating could use some work, you may save money insuring your Honda FCX Clarity by improving your credit score. Drivers with excellent credit scores tend to be more responsible than drivers who have bad credit.
- Discounts for multiple policies – Most major companies will award a discount to people that buy multiple policies in the form of a multi-policy discount. Even if you’re getting this discount it’s in your best interest to get quotes from other companies to help guarantee you have the best rates.
Auto insurance policy discounts
Some insurance providers don’t necessarily list all possible discounts very well, so the list below contains a few of the more common and also the lesser-known discounts you could be receiving when you . If they aren’t giving you every credit available, you’re just leaving money on the table.
- Theft Deterent – Cars with anti-theft systems help deter theft and that can save you a little bit as well.
- Defensive Driver Discount – Participating in a safe driver course could save 5% or more depending on where you live.
- Air Bags and Passive Restraints – Vehicles with factory air bags or motorized seat belts can get savings of 20 to 30 percent.
- Accident Free – Good drivers with no accidents can save substantially compared to accident-prone drivers.
- Auto/Home Discount – When you have multiple policies and place coverage with the same company you may earn over 10 percent off each policy depending on the company.
- Discount for New Cars – Buying auto insurance coverage on a new vehicle can get you a discount compared to insuring an older model.
- Pay Early and Save – If you pay your bill all at once rather than paying in monthly installments you can avoid the installment charge.
- Discounts for Seat Belt Usage – Using a seat belt and requiring all passengers to buckle up before driving can save a little on the premium charged for medical payments and/or PIP.
- Club Memberships – Participating in a civic or occupational organization could trigger savings on your next auto insurance statement.
Policy discounts save money, but most discount credits are not given the the whole policy. Some only apply to individual premiums such as comp or med pay. If you do the math and it seems like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount should definitely cut your policy premium.
A partial list of companies that may offer policyholders some of the above discounts may include but are not limited to:
When getting , it’s a good idea to each company which discounts you qualify for. Some discounts listed above might not be available to policyholders in your area.
Local car insurance agents and auto insurance
A small number of people still prefer to sit down with an agent and that is a personal choice. Professional insurance agents are very good at helping people manage risk and help file insurance claims. The biggest benefit of comparing rate quotes online is that you can find lower rates and still have an agent to talk to.
To help locate an agent, after submitting this form (opens in new window), your insurance data gets sent to participating agents that can provide and help you find cheaper coverage. It makes it easy because there is no need to leave your house due to the fact that quote results will go immediately to you. If you need to get a rate quote from a particular provider, feel free to navigate to their website and fill out the quote form the provide.
Finding the right company needs to be determined by more than just a cheap price. Before buying a policy, get answers to these questions.
- How often do they review coverages?
- Do the coverages you’re quoting properly cover your vehicle?
- Does the agent have a valid license to sell insurance in your state?
- How many years have they been established?
- Is vehicle damage repaired with OEM or aftermarket parts?
- In the event of vehicle damage, can you pick the collision repair facility?
- Which insurance companies are they affiliated with?
- Are there any extra charges for paying monthly?
Multiple types of car insurance agents
If you want to use a reliable insurance agent, you need to know there are two different types of agents that you can choose from. Auto insurance policy providers may be either captive or independent (non-captive). Both types of agents can handle auto insurance, but it is important to understand the difference in how they write coverage because it can influence buying decisions.
Captive Insurance Agencies
Captive agencies are contracted to one company and some examples include Allstate, AAA, Farmers Insurance, and State Farm. They are unable to compare other company’s rates so if the price isn’t competitive there isn’t much they can do. These agents are well trained in insurance sales and that enables them to sell even at higher rates.
Independent Auto Insurance Agents
These type of agents are not employed by any specific company and that is an advantage because they can write policies amongst many companies and potentially find a lower price. If your agent finds better pricing, the agent simply finds a different carrier and you don’t have to do anything.
When comparing rates, it’s a good idea to get rate quotes from independent agents to get the most accurate price comparison.
To choose from insurance agents near you, click through to find an insurance agency.
After you get answers to your satisfaction as well as a affordable price, it’s a good possibility that you have found an auto insurance agent that can properly insure your vehicles.
Buy online or local, you save
Discount Honda FCX Clarity insurance can be purchased on the web as well as from insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies may not have the ability to get quotes online and many times these regional insurance providers provide coverage only through independent insurance agencies.
When getting , do not skimp on coverage in order to save money. Too many times, an insured cut physical damage coverage and discovered at claim time that the few dollars in savings costed them thousands. Your goal is to buy the best coverage you can find for the lowest price, but do not sacrifice coverage to save money.
In this article, we presented a lot of information how to get a better price on Honda FCX Clarity insurance. The key concept to understand is the more quotes you get, the higher the chance of saving money. You may even find the biggest savings come from some of the lesser-known companies. They may cover specific market segments cheaper than the large multi-state companies such as Progressive or GEICO.
