Tired of trying to scrape together enough money to buy car insurance? You are in the same boat as the majority of other car owners. Multiple car insurance companies compete to insure your vehicles, and it can be difficult to compare rates to find the lowest rate
It’s important to do rate comparisons before your policy renews because insurance rates are adjusted regularly by insurance companies. Despite the fact that you may have had the lowest price on L200 insurance two years ago you will most likely find a better rate today. Starting now, block out anything you think you know about auto insurance because you’re going to get a crash course in the fastest way to save money, get proper coverage and the best rates.
If you are insured now or are shopping for new coverage, you can use this information to find better prices and possibly find even better coverage. Finding the best rates is easy if you know what you’re doing. Vehicle owners only need an understanding of the tricks to compare rates online.
Low Cost Auto Insurance
Finding cheaper Saturn L200 auto insurance prices is not rocket science. Just invest a little time comparing rates online from several insurance companies. It is quite easy and can be accomplished using a couple different methods.
The single most time-saving way consumers can make multiple comparisons is to use a rate comparison form click here to open form in new window. This easy form eliminates the need for repetitive form submissions to each individual auto insurance company. One form submission will get you rate comparisons from auto insurance companies with the best prices.
A harder way to compare rate quotes is to take the time to go to the website for every company you want to comare and fill out their own quote form. For examples sake, we’ll assume you want to compare Farmers, Liberty Mutual and State Farm. You would have to go to every website to enter your coverage information, which is why most consumers use the first method. For a handy list of car insurance company links in your area, click here.
The hardest way to get comparison rates is to waste gas driving to insurance agents’ offices. The ability to buy insurance online eliminates the need for an insurance agent unless you prefer the personal advice of a local agent. Drivers can find lower rates online and get advice from an agent in your area and we’ll cover that in a bit.
Whichever method you choose, compare the exact same coverage limits for each comparison quote. If each company quotes differing limits it will be next to impossible to truly determine the lowest rate.
Ads can be misleading
Consumers constantly see and hear ads for cheaper car insurance by companies like Allstate, GEICO and Progressive. All the ads have a common claim of big savings if you change to them.
How can each company claim to save you money? This is how they do it.
Insurance companies have a preferred profile for the type of customer that is profitable for them. A good example of a desirable insured might be profiled as over the age of 40, has no prior claims, and drives less than 10,000 miles a year. Any driver that hits that “sweet spot” gets the lowest rates and therefore will save a lot of money.
Potential insureds who don’t meet the requirements will have to pay more money and ends up with business not being written. The ad wording is “people who switch” not “everyone that quotes” save that kind of money. That’s why insurance companies can confidently make the claims of big savings.
Because of the profiling, you should compare many company’s rates. It is impossible to predict the company that will fit your personal profile best.
Saturn L200 rates are complex
Consumers need to have an understanding of the different types of things that come into play when calculating auto insurance rates. Having a good understanding of what determines base rates helps enable you to make changes that may reward you with big savings.
- Safer cars are cheaper to insure – Safer cars tend to have better insurance rates. Safe vehicles have better occupant injury protection and fewer injuries translates into fewer and smaller insurance claims and thus lower rates. If the Saturn L200 earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
- More performance means more cost – The performance of the car you are buying insurance for makes a huge difference in determining your rates. Since the Saturn L200 is classified as a sedan, insurance will be about the same compared to average rates. Economy passenger vehicles generally receive the lowest base rates, but the cost you end up paying is determined by many additional factors.
- Do you know you’re credit rating? – A driver’s credit score is a huge factor in determining your rates. Therefore, if your credit history is lower than you’d like, you could pay less to insure your Saturn L200 by improving your credit score. Consumers who have high credit ratings tend to be less risk to insure than drivers who have poor credit.
- What are your deductibles? – Deductibles for physical damage define the amount you are required to spend if you file a covered claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Examples of covered claims are running into the backend of another car, damage caused by hail, and rolling your vehicle. The more money you’re willing to pay, the bigger discount you will receive on L200 insurance.
Save money by taking advantage of these discounts
Insurance can be prohibitively expensive, but there could be available discounts that many people don’t even know exist. Certain discounts will be applied when you get a quote, but some may not be applied and must be asked about before you will receive the discount. If you’re not getting every credit possible, you are paying more than you should be.
- Fewer Miles Equal More Savings – Keeping the miles down on your Saturn could qualify for a substantially lower rate.
- Clubs and Organizations – Being a member of certain professional organizations could qualify you for a break when buying auto insurance on L200 insurance.
- Employee of Federal Government – Being employed by or retired from a federal job could cut as much as 10% off on L200 insurance with select insurance companies.
- Distant Student – Youth drivers who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
- Senior Citizens – If you’re over the age of 55, you may receive reduced rates on L200 insurance.
- Save with a New Car – Buying coverage on a new vehicle can save up to 30% due to better safety requirements for new cars.
- Theft Prevention System – Anti-theft and alarm systems are stolen less frequently and will save you 10% or more.
- Passive Restraints – Vehicles with factory air bags or motorized seat belts may earn rate discounts of 20% or more.
- Pay Now and Pay Less – If you pay your bill all at once rather than paying monthly you could save up to 5%.
- Homeowners Discount – Owning a house can help you save on auto insurance because of the fact that having a home demonstrates responsibility.
A little note about advertised discounts, most credits do not apply to the overall cost of the policy. Most only reduce the price of certain insurance coverages like comp or med pay. Just because it seems like having all the discounts means you get insurance for free, auto insurance companies aren’t that generous. Any amount of discount will help reduce your overall premium however.
For a list of companies offering auto insurance discounts, click this link.
Which insurance is the “right” coverage?
When choosing proper insurance coverage for your vehicles, there really is not a best way to insure your cars. Everyone’s needs are different and a cookie cutter policy won’t apply. These are some specific questions can help discover whether your personal situation would benefit from professional advice.
- Is my teen driver covered when they drive my company car?
- Why does it cost so much to insure a teen driver?
- Am I covered when driving in Canada or Mexico?
- What are no-fault laws?
- Do all my vehicles need collision coverage?
- Are all vehicle passengers covered by medical payments coverage?
If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, free and may give you better protection.
But I want to work with a local agent
Certain consumers prefer to talk to a local agent. Good agents can help determine the best coverages and help you file claims. The biggest benefit of price shopping on the web is the fact that you can find better rates but still work with a licensed agent. And supporting local businesses is important especially in smaller communities.
Once you complete this form (opens in new window), your coverage information is instantly submitted to local insurance agents who will return price quotes for your insurance coverage. You never need to visit any agencies since price quotes are sent straight to your inbox. How cool is that?!
If you wish to view a list of agents in your state to contact, click here.
Picking an insurance company should depend on more than just a cheap price. Agents should be asked these questions:
- Do clients work directly with the agent or are most inquiries handled by a CSR?
- Are glass claims handled on-site or do you have to take your vehicle to a repair shop?
- Who is covered by the car insurance policy?
- Does the agency support the community they serve?
- Do they assist clients in filing claims?
- Does the agent have professional designations like CIC, CPCU or AIC?
After getting reasonable responses to your questions in addition to an acceptable price estimate, it’s possible that you found a company that will properly insure your vehicles.
Quote more, save more
We just covered many tips how you can lower your Saturn L200 insurance rates. The most important thing to understand is the more you quote, the better your comparison will be. Consumers may even find the most savings is with a company that doesn’t do a lot of advertising. These companies may have significantly lower rates on certain market segments than their larger competitors like State Farm, GEICO and Nationwide.
As you prepare to switch companies, don’t be tempted to skimp on critical coverages to save a buck or two. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits only to regret at claim time that it was a big error on their part. Your focus should be to find the BEST coverage at an affordable rate.
Lower-priced Saturn L200 insurance is possible both online in addition to many insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. Some companies do not provide online price quotes and many times these small, regional companies only sell through independent insurance agents.
