How to Know You're Throwing Money Away for Auto Insurance in Bennington

Tired of paying out the nose each month for car insurance? You are in the same boat as many other Vermont consumers.

Big-name insurance companies like State Farm, Allstate, GEICO and Progressive constantly blast consumers with ads and consumers find it hard to sift through the bull and take the time to shop coverage around.

It's important to shop coverage around once or twice a year because prices are constantly changing. If you had the best price a few years ago you will most likely find a better rate today. Ignore everything you know about auto insurance because you're about to find out the fastest and easiest way to properly buy coverages while reducing your premium.

If you are paying for car insurance now, you will most likely be able to lower your premiums substantially using this information. Finding affordable coverage in Bennington is easy if you know what you're doing. But Vermont consumers do need to know how companies market on the web and apply this information to your search.

How much can you save with discounts?

Car insurance can cost a lot, buy you may qualify for discounts that can drop the cost substantially. Some trigger automatically when you quote, but a few need to be manually applied before you get the savings.

Passive Restraints - Vehicles with factory air bags can qualify for discounts of more than 20%.
Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to take driver's ed class in high school.
Claim Free - Claim-free drivers can save substantially compared to drivers who are more careless.
Pay Upfront and Save - If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.
E-sign - A handful of insurance companies may give you up to $50 for buying a policy and signing up digitally online.
Low Mileage - Keeping the miles down can earn discounted rates on garaged vehicles.
Lower Rates for Military - Being on active duty in the military can result in better rates.
Resident Student - Kids in college who attend school more than 100 miles from home without a vehicle on campus can receive lower rates.
More Vehicles More Savings - Buying insurance for multiple cars or trucks on one policy can get a discount on all vehicles.

Consumers should know that most discount credits are not given to the entire cost. A few only apply to specific coverage prices like medical payments or collision. Even though it may seem like all those discounts means the company will pay you, companies don't profit that way. But all discounts will reduce the amount you have to pay.

Save 15 percent in 15 minutes? Is it for real?

Companies like State Farm and Allstate regularly use television and radio advertisements. All the ads make an identical promise that you'll save big if you move your coverage to them. How can each company claim to save you money? It's all in the numbers.

All the different companies can use profiling for the type of customer that earns them a profit. For example, a preferred risk might be between 25 and 40, has no tickets, and has a short commute. A customer getting a price quote who meets those qualifications receives the best rates and is almost guaranteed to save when they switch companies.

Drivers who don't meet the requirements will be charged a higher premium and ends up with the customer not buying. Company advertisements say "customers who switch" but not "drivers who get quotes" save that much money. That's why companies can make the claims of big savings.

That is why you should get a wide range of price quotes. It's impossible to know the company that will fit your personal profile best.

More Vermont auto insurance information

Much more information about auto insurance in Vermont can be found on the website for the Vermont Department of Financial Regulation found here. Visitors are able to find out industry alerts, download brochures, read industry bulletins, and view a list of available companies.

Do the work, save more money

We covered some good ideas how you can reduce auto insurance prices online. The key concept to understand is the more you quote, the better your chances of lowering your rates. Consumers may even find the most savings is with a small mutual company. Regional companies may often insure only within specific states and give getter rates compared to the large companies like .

Discount auto insurance is definitely available both online as well as from independent agents in Bennington, so you should compare both to have the best selection. Some insurance providers don't offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.