Nobody looks forward to buying car insurance, especially when the cost is too high. Because there are so many options, it’s difficult to choose the lowest price insurer.
It’s a great practice to check car insurance prices before your policy renews since rates are adjusted regularly by insurance companies. Even if you think you had the lowest price for 62S coverage a couple years back you can probably find a lower rate today. You can find a lot of misleading information regarding car insurance online, so we’re going to give you a lot of great tips on how to quit paying high car insurance rates.
Compare the Market for Car Insurance
All major car insurance companies quote coverage price quotes on the web. This process is pretty painless as you simply type in your coverage information as detailed in the form. When complete, their rating system collects information on your driving record and credit history and generates pricing information. This makes it a lot easier to compare rates but having to visit several different sites and type in the same information is not the best way to spend an afternoon. But it’s very important to have as many quotes as possible in order to find the lowest price.
The preferred way to lower your rates requires only one form that gets price quotes from several different companies. This type of form saves time, requires less work, and makes online shopping a little more enjoyable. Once the form is submitted, it is rated with multiple companies and you can pick any of the pricing results.
If you find a better price you can simply submit the application and buy the new coverage. The whole process takes less than 15 minutes and you will find out if you’re overpaying now.
To use this form to compare rates, simply click here to open in new window and enter your vehicle and coverage information. If you have your current policy handy, we recommend you duplicate coverages and limits as close as possible to your current policy. Using the same limits helps guarantee you will get rate quotes for similar insurance coverage.
Car insurance myths debunked
Drivers constantly see and hear ads that promise big savings by Progressive, GEICO, Allstate and State Farm. They all make an identical promise that you’ll save big after switching to their company.
How does each company say the same thing?
All companies have a certain “appetite” for the driver they prefer to insure. For example, a preferred risk could be between 25 and 40, has no driving citations, and drives newer vehicles. A customer getting a price quote who matches those parameters will get the preferred rates and is almost guaranteed to save quite a bit of money when switching.
Consumers who do not match these standards will be charged higher prices which leads to the driver buying from a lower-cost company. The ads state “drivers who switch” but not “drivers who get quotes” save money. That is how companies can claim big savings.
That is why you need to quote coverage with many companies. It’s not possible to predict which company will provide you with the cheapest rates.
Take advantage of discounts
Insurance can cost an arm and a leg, but there could be available discounts that many people don’t even know exist. Larger premium reductions will be automatically applied when you complete an application, but some may not be applied and must be requested specifically before you get the savings. If you’re not getting every credit you qualify for, you are throwing money away.
- Save with a New Car – Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
- Low Mileage Discounts – Fewer annual miles on your Maybach can qualify you for lower rates on the low mileage vehicles.
- Life Insurance – Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
- Pay Now and Pay Less – If you pay your bill all at once rather than paying monthly you could save up to 5%.
- Anti-lock Brake Discount – Vehicles with anti-lock braking systems are safer to drive and earn discounts up to 10%.
- Defensive Driver – Taking part in a course teaching defensive driving skills could cut 5% off your bill depending on where you live.
A little note about advertised discounts, many deductions do not apply to the entire cost. A few only apply to the price of certain insurance coverages like medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, you’re out of luck. Any amount of discount will cut the cost of coverage.
For a list of insurers with discount car insurance rates, click here to view.
Compare online but buy from a local agent
Certain consumers would rather visit with an insurance agent and that is OK! Licensed agents can help determine the best coverages and help submit paperwork. The biggest benefit of price shopping on the web is you may find lower rates and still have an agent to talk to. And providing support for local insurance agencies is especially important in smaller communities.
To find an agent, once you fill out this quick form, your insurance coverage information is immediately sent to insurance agents who will give you bids to get your business. There is no reason to visit any agencies since price quotes are sent to the email address you provide. How cool is that?!
If you want to contact a specific insurance agent in your state, visit this page.
Choosing a company needs to be determined by more than just the price. These questions are important to ask:
- What is the agency’s Better Business Bureau rating?
- If they are an independent agency, which companies do they recommend?
- Do the coverages you’re quoting properly cover your vehicle?
- Is vehicle mileage a factor when determining depreciation for repairs?
- If you are a high risk driver, do they have special markets for your coverage?
Once you have received positive feedback to all your questions and a good coverage price, chances are good that you have found an insurer that is a good match to adequately provide car insurance.
Quote more, save more
When you buy insurance online, do not buy lower coverage limits just to save a few bucks. Too many times, someone sacrificed liability limits or collision coverage only to regret they didn’t have enough coverage. Your aim should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.
In this article, we covered a lot of tips how to lower your Maybach 62S insurance rates. The key concept to understand is the more price quotes you have, the better your comparison will be. Consumers could even find that the best price on car insurance is with the least-expected company. Regional companies may only write in your state and offer lower rates than their larger competitors like State Farm or Progressive.
