No one looks forward to paying for car insurance, especially knowing their premiums are through the roof. Big companies like State Farm, Progressive and GEICO all promote huge savings with fancy advertisements and it can be hard to ignore the propoganda and do the work needed to find the best deal.
Consumers need to get comparison quotes as often as possible because prices change frequently. Just because you had the best rates for SLK55 AMG insurance last year other companies may now be cheaper. Forget anything you know (or think you know) about car insurance because it’s time to teach you how to use online quotes to save on car insurance.
If you have car insurance now, you will be able to save some money using these tips. Choosing the best insurance company for you is not that difficult. But vehicle owners must understand the way companies sell insurance online and use this information to your advantage.
When shopping for , there are a couple of ways to compare rate quotes from all the different companies. One of the best ways to do a complete rate comparison consists of shopping online. This can be accomplished in a couple minutes as outlined below.
- The simplest way to get quotes for comparison is an all-inclusive rate comparison (click to open form in new window). This easy form prevents you from having to do separate forms to each individual car insurance company. One simple form gets you coverage quotes direct from many companies.
- A harder way to compare rate quotes consists of visiting the website of each company and complete a new quote form. For sake of this example, let’s say you need rates from Nationwide, Liberty Mutual and GEICO. In order to get each rate, you would have to spend time on each company’s site and repeatedly enter your information, which can be really labor intensive. For a list of links to companies insuring cars in your area, click here.
It’s up to you how you get prices quotes, just make sure you compare identical coverage information for every quote you compare. If each company quotes unequal deductibles or liability limits then you won’t be able to determine the lowest rate for your Mercedes-Benz SLK55 AMG. Just slight variations in coverage limits may result in a large different in cost. And when quoting car insurance, remember that quoting more will enable you to find better pricing. Not every company provides prices over the internet, so you should also compare prices from them, too.
Car insurance policy discounts
Car insurance is not an enjoyable expense, but there could be significant discounts that many people don’t even know exist. Certain discounts will be triggered automatically when you quote, but a few must be asked about before they will apply.
- Professional Organizations – Having an affiliation with specific professional or occupational memberships or organizations is a good way to get lower rates on car insurance.
- Bundle and Save – When you have multiple policies and place coverage with the same company you will save up to 20% off your total premium.
- Payment Method – If you pay your entire premium ahead of time instead of paying each month you can avoid monthly service charges.
- Save with More Vehicles Insured – Buying coverage for more than one vehicle on the same car insurance policy can get a discount for every vehicle.
- Discount for New Cars – Putting insurance coverage on a new car can save you some money due to better safety requirements for newer vehicles.
Discounts lower rates, but some of the credits will not apply to the entire policy premium. Most only cut the cost of specific coverages such as comp or med pay. If you do the math and it seems like you could get a free car insurance policy, insurance companies wouldn’t stay in business. But all discounts will lower the cost of your policy.
Insurance companies that may offer quotes with most of the discounts above include:
It’s a good idea to ask every insurance company which discounts you may be entitled to. A few discounts might not apply in your state. To see car insurance companies that offer many of these discounts, click this link.
How to Lower Your Insurance Premiums
Many things are considered when you get a price on insurance. Some factors are common sense such as your driving history, but other factors are less obvious like your vehicle usage or how safe your car is. Part of the car insurance buying process is learning the different types of things that come into play when calculating your car insurance rates. When consumers understand what controls the rates you pay, this enables you to make decisions that could result in lower car insurance prices.
- Never go without car insurance – Having an insurance coverage lapse is a quick way to bump up your car insurance costs. And not only will insurance be more expensive, the inability to provide proof of insurance might get you fines and jail time. You may have to file a SR-22 with your state department of motor vehicles.
- Rural areas have lower costs – Residing in less populated areas can save you money when insuring your vehicles. Fewer people means a lower chance of having an accident. Residents of big cities tend to have more road rage incidents and more time behind the wheel. More time behind the wheel means more chance of being in an accident.
- Your spouse saves you money – Being married may save some money on your policy. Having a significant other translates into being more mature and responsible and it’s proven that drivers who are married are more cautious.
- Men are more aggressive – Over the last 30 years, statistics show that women are safer drivers than men. The data does not necessarily mean that women are BETTER drivers than men. They both get in accidents in similar percentages, but men tend to have more serious accidents. Men also get higher numbers of serious violations like DUI and reckless driving.
- Companies want multiple policies – The majority of companies afford better rates to clients that have more than one policy, otherwise known as a multi-policy discount. Even with this discount applied, you still need to comparison shop to verify if the discount is saving money.
- High coverage deductibles lower premiums – Protection for physical damage, termed comprehensive and collision coverage on your policy, covers your vehicle from damage. Examples of covered claims could be running into the backend of another car, damage from fire, or theft. Physical damage deductibles represent how much money the insured will be required to pay before your car insurance pays a claim. The higher the amount you pay before a claim is paid (deductible), the less money you will pay for car insurance for SLK55 AMG insurance.
Ads can be misleading
Car insurance companies such as State Farm, Allstate and GEICO seem to constantly run ads in print and on television. They all state the claim that you’ll save big if you move your coverage. But how can every company save you money?
Insurance companies look for specific characteristics for the driver that will be a good risk. One example of a preferred risk might be over the age of 40, carries high limits, and has excellent credit. A customer getting a price quote that meets those criteria will get low prices and therefore will save a lot if they switch.
Insureds who don’t measure up to this ideal profile must pay a higher rate which usually ends up with business going elsewhere. The wording the ads use say “people that switch” not “everyone that quotes” save money. This is how companies can truthfully make claims that they all have the best prices.
That is why you really need to compare quotes as often as possible. It is impossible to guess which insurance companies will provide you with the cheapest premium rates.
The best insurance company isn’t always the cheapest
While you’re price shopping online, it’s a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where someone dropped collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your strategy should be to purchase plenty of coverage at a price you can afford.
We just presented a lot of ways to reduce Mercedes-Benz SLK55 AMG insurance rates online. It’s most important to understand that the more price quotes you have, the better your comparison will be. Drivers may discover the lowest rates are with a smaller regional carrier. They may often insure only within specific states and give getter rates than their larger competitors like Progressive and GEICO.
There are still a few companies who may not provide the ability to get quotes online and usually these regional insurance providers only sell through independent insurance agencies. Cost effective Mercedes-Benz SLK55 AMG insurance is attainable 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.
