I can’t think of a single person who enjoys paying for car insurance, in particular when the cost is way too high.
Many insurance companies compete for your hard-earned dollar, and it can be difficult to compare rates to find the absolute lowest cost out there.
Consumers should take time to get comparison quotes before your policy renews because prices are adjusted regularly by insurance companies. If you had the best deal for Electra coverage two years ago there is a good chance you can find better rates now. Block out anything you think you know about car insurance because I’m going to let you in on the secrets to the things you must know in order to save money, get proper deductibles and limits, all at the lowest rate.
Companies offer discounts so take them!
Auto insurance companies don’t always advertise every discount in an easy-to-find place, so we researched some of the best known and the harder-to-find ways to save on car insurance.
- Payment Discounts – If you pay your bill all at once instead of paying each month you may reduce your total bill.
- More Vehicles More Savings – Buying insurance for multiple cars or trucks on one policy qualifies for this discount.
- Homeowners Savings – Owning a house may earn you a small savings because maintaining a house requires personal responsibility.
- Accident Forgiveness – A handful of insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
- Save with a New Car – Putting insurance coverage on a new car is cheaper since new cars are generally safer.
- Low Mileage – Keeping the miles down on your Buick could qualify for better rates on cars that stay parked.
Consumers should know that most discount credits are not given the the whole policy. Some only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, it just doesn’t work that way.
To see a list of companies offering car insurance discounts, follow this link.
Why your Buick Electra might be costing you more
An important part of buying insurance is that you know the factors that play a part in calculating your car insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that may reward you with better car insurance rates.
- Your location is important – Residing in small towns and rural areas is a positive aspect when buying car insurance. Drivers who live in large cities have to deal with more traffic problems and a longer drive to work. Lower population means reduced accidents and a lower car theft rate.
- Extra add-on coverages are wasting money – There are quite a few extra bells and whistles that you can buy on your car insurance policy. Insurance for vanishing deductibles, towing coverage and membership fees may be wasting your money. These coverages may sound good when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
- Lower miles equals lower premium – The higher the mileage driven in a year’s time the higher your rates will be. Most companies charge to insure your cars based on their usage. Cars and trucks that are left in the garage receive lower rates as compared to vehicles used primarily for driving to work. Improper usage on your Electra can cost quite a bit. Verify your car insurance declarations sheet is rated on the correct usage for each vehicle, because improper ratings can cost you money.
- Don’t sacrifice liability coverage – Liability insurance is the protection when a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides legal defense up to the limits shown on your policy. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.
- Multiple policies with one company can save – Some car insurance companies give discounts to customers who have multiple policies with them. It’s known as a multi-policy discount. Discounts can amount to ten or even up to twenty percent in some cases. Even with this discount, you may still want to compare rates to make sure you are getting the best deal.
- Safer cars are cheaper to insure – Vehicles with high crash test scores get lower rates. Safer cars result in less severe injuries and better occupant protection means less money paid by your insurance company and lower rates for you. If your Buick is rated at least four stars on Safercar.gov you are probably receiving a discount.
- Increase deductibles and save – Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, protects your Buick from damage. A few examples of covered claims are a windshield shattered by a rock, collision with an animal, and rolling your vehicle. Deductibles for physical damage are the amount of money you are required to spend before your car insurance pays a claim. The more expense you have to pay, the less your company will charge you for insurance for Electra coverage.
Shop smart and save
As you shop your coverage around, never reduce needed coverages to save money. In many cases, an insured cut collision coverage only to regret at claim time that the few dollars in savings costed them thousands. Your goal should be to buy a smart amount of coverage at the best price, not the least amount of coverage.
We just showed you a lot of information how to save on Buick Electra insurance. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. Drivers may discover the best price on car insurance is with a lesser-known regional company. Regional companies often have lower prices on specific markets than their larger competitors like Progressive and GEICO.
Discount Buick Electra insurance can be purchased both online as well as from independent agents, and you should be comparing both to have the best selection. Some car insurance companies don’t offer online quoting and many times these small, regional companies only sell through independent insurance agents.
