Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Believe me when I say many consumers are feeling buyer’s remorse and feel like there’s no way out. Numerous insurance companies battle for your hard-earned dollar, so it can be very hard to choose a provider to find the absolute lowest rate
It’s a good idea to do rate comparisons before your policy renews due to the fact that insurance rates change frequently. Despite the fact that you may have had the best rates on Traverse coverage a few years ago the chances are good that you can find a lower rate today. Ignore everything you know about car insurance because you’re about to find out the things you must know in order to lower your rates without sacrificing coverage.
If you have insurance now or need new coverage, you can use these techniques to find better prices and possibly find even better coverage. Buying car insurance is easy if you know what you’re doing. Drivers just need to learn the tricks to find the lowest price over the internet.
How to Lower Your Car Insurance Cost
All major car insurance companies such as 21st Century, Allstate and State Farm allow you to get coverage price quotes online. Getting quotes doesn’t take much effort as you simply enter your coverage information into a form. Upon sending the form, their rating system requests information on your driving record and credit history and gives you a price quote. This helps simplify price comparisons, but having to visit a lot of sites and fill out multiple forms can be a bit repetitive. Unfortunately, it is important to have as many quotes as possible if you want to find the lowest possible prices on car insurance.
The quickest way to compare car insurance pricing requires only one form that obtains quotes from several companies at one time. This type of form saves time, eliminates repetitive work, and makes online price comparison much more efficient. Once the form is submitted, your coverage is rated with multiple companies and you can pick any or none of the price quotes you receive. If a lower price is quoted, you can simply submit the application and buy the new coverage. The entire process takes 15 minutes at the most and you will find out if you’re overpaying now.
To quickly use this form to compare rates, click here and input your coverage information. If you have a policy now, it’s recommended you enter as shown on your current policy. Using the same limits helps guarantee you will get rate quotes for the exact same coverage.
Verify you’re getting all your discounts
Companies that sell car insurance don’t list every discount in a way that’s easy to find, so the following is a list of both the well known and the harder-to-find discounts you could be receiving. If you aren’t receiving every discount possible, you’re just leaving money on the table.
- Paperwork-free – Certain companies give back up to $50 just for signing your application online.
- Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are safer to drive and therefore earn up to a 10% discount.
- Good Student – Getting good grades can be rewarded with saving of up to 25%. This discount can apply up until you turn 25.
- No Accidents – Drivers with accident-free driving histories pay less compared to frequent claim filers.
- Discount for Swiching Early – Some companies give discounts for signing up before your current expiration date. The savings is around 10%.
- Senior Discount – If you’re over the age of 55, you may receive reduced rates on Traverse coverage.
It’s important to understand that most discounts do not apply to the overall cost of the policy. Most only cut the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you can get free auto insurance, companies don’t profit that way.
