Are you sick and tired of trying to scrape together enough money to pay your car insurance bill each month? You are no different than many other drivers.
Popular companies such as Allstate, Liberty Mutual and State Farm all claim big savings with TV and radio ads and it can be hard to see past the geckos and flying pigs and find the best price available.
If you have car insurance now, you should be able to cut costs considerably using these methods. Finding the best rates is quite easy. Although car owners need to learn how the larger insurance companies compete online and apply this information to your search.
Comparison of Car Insurance
Performing a rate comparison can be challenging if you don’t know the easiest way. You can waste a few hours (or days) talking about coverages with insurance companies in your area, or you could use the web to get the quickest rates.
Many of the larger companies are enrolled in a marketplace where insurance shoppers send in one quote, and each company returns a rated price determined by their information. This saves time by eliminating quote requests to each individual car insurance company.
To fill out one form to compare multiple rates now click here to start a free quote.
The one downside to using this type of system is that you can’t choose which carriers you want to price. If you prefer to choose from a list of companies to request quotes from, we have a listing of low cost car insurance companies in your area. Click here to view list.
It doesn’t matter which method you choose, just ensure you’re using exactly the same coverage limits for each price quote. If each company quotes different deductibles you will not be able to make a fair comparison for your BMW 128i. Quoting even small variations in coverage limits can result in a big premium difference. And when quoting car insurance, remember that more quotes helps you find a better price.
The car insurance bait and switch
Car insurance providers like GEICO, State Farm and Progressive consistently run ads in print and on television. They all make an identical promise of big savings if you change to their company. How do they all make almost identical claims?
All companies are able to cherry pick for the driver that makes them money. For instance, a driver they prefer could be between the ages of 40 and 55, has no driving citations, and chooses high deductibles. A propective insured who fits that profile receives the best rates and as a result will probably save quite a bit of money when switching.
Potential customers who don’t meet these standards will have to pay more money which usually ends up with the customer not buying. The ad wording is “customers who switch” not “everybody who quotes” save that much. This is how companies can truthfully advertise the way they do. Because of the profiling, you need to get quotes from several different companies. It’s not possible to predict which insurance companies will have the lowest rates.
Are you getting all your discounts?
Companies that sell car insurance don’t always publicize every discount in a way that’s easy to find, so we took the time to find some of the best known and the harder-to-find savings tricks you should be using.
- Student Driver Training – Have your child enroll in driver’s education if offered at their school.
- No Accidents – Drivers with accident-free driving histories can save substantially as compared to drivers who are more careless.
- Military Discounts – Being deployed with a military unit could be rewarded with lower premiums.
- Sign Online – Certain companies will give a small break just for signing your application online.
- Distant Student – Kids in college who live away from home and don’t have a car can receive lower rates.
It’s important to note that many deductions do not apply to the overall cost of the policy. A few only apply to individual premiums such as medical payments or collision. So when the math indicates you would end up receiving a 100% discount, companies don’t profit that way.
To choose companies with the best car insurance discounts, click here to view.
Do the work, save more money
When buying insurance coverage, it’s a bad idea to buy poor coverage just to save money. There are too many instances where someone sacrificed uninsured motorist or liability limits only to regret at claim time that the small savings ended up costing them much more. The proper strategy is to buy the best coverage you can find at an affordable rate while still protecting your assets.
We just covered many tips how you can get a better price on BMW 128i insurance. The key thing to remember is the more you quote, the higher your chance of finding lower rates. You may even discover the best price on car insurance is with a smaller regional carrier. These companies often have lower prices on specific markets than their larger competitors like Progressive or GEICO.
