Tired of paying out the nose to pay your car insurance bill each month? You’re in the same situation as millions of other consumers.
Because there are so many car insurance companies to choose from, it is very difficult to pick the cheapest insurance company.
It’s a good idea to take a look at other company’s rates quite often due to the fact that insurance rates are rarely the same from one policy term to another. If you had the best rates on Insight coverage two years ago a different company probably has better rates today. Don’t believe everything you read about car insurance online but with this article, you’re going to get some guaranteed methods to reduce your car insurance bill.
Compare the Market for Car Insurance
There are several ways to compare car insurance quotes, but some are more efficient than others. You can waste a lot of time discussing policy coverages with insurance agencies in your area, or you could use the internet to quickly compare rates.
Most car insurance companies enroll in a system where prospective buyers complete one form, and at least one company provides a quote based on that data. This system prevents you from having to do quotation requests for each company.
To compare pricing click here (opens in new window).
The one disadvantage to pricing coverage this way is you don’t know exactly which providers you want pricing from. If you wish to select specific insurance companies to request quotes from, we put together a list of companies who write car insurance in your area. View list of insurance companies.
Which method you use is up to you, but double check that you are using the exact same coverages on every quote you get. If you compare different liability limits it’s not possible to decipher which rate is best. Having just a slight variation in insurance coverages may result in large price differences. Just keep in mind that getting more free quotes helps you find better pricing.
Are you getting all your discounts?
Companies that sell car insurance don’t always list all their discounts in an easy-to-find place, so we took the time to find both well-publicized and the harder-to-find ways to save on car insurance.
- Homeowners Savings – Owning a house can save you money because of the fact that having a home is proof that your finances are in order.
- Bundle and Save – If you have multiple policies with one insurance company you will save 10% to 20% off each policy.
- Claim Free – Good drivers with no accidents pay less compared to accident-prone drivers.
- Early Switch Discount – Select companies give a discount for buying a policy before your current expiration date. It’s a savings of about 10%.
- Defensive Driver – Taking part in a course in driver safety could cut 5% off your bill depending on where you live.
As a disclaimer on discounts, most of the big mark downs will not be given to the entire policy premium. Most only cut the cost of specific coverages such as liability, collision or medical payments. Just because you may think you would end up receiving a 100% discount, you won’t be that lucky.
For a list of insurers who offer car insurance discounts, click here to view.
Everyone needs different coverages
When it comes to choosing coverage for your vehicles, there is no perfect coverage plan. Every situation is different so your insurance should reflect that These are some specific questions may help you determine whether you could use an agent’s help.
- Who is covered by my policy?
- Can I get a multi-policy discount for packaging my home and auto coverage?
- Is my cargo covered for damage or theft?
- Is rental equipment covered for theft or damage?
- Does my insurance cover my expensive audio equipment?
- Should I drop comprehensive coverage on older vehicles?
- I have good health insurance, so how much medical payments coverage do I need?
- What is the difference between comprehensive and collision coverage?
- Can my teen driver be rated on a liability-only vehicle?
- Will I be non-renewed for getting a DUI or other conviction?
If it’s difficult to answer those questions, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area.
