Free Guide to Paying Less for Bingham Farms Auto Insurance Online

Are you sick and tired of not being able to afford each month for car insurance? You are in the same boat as many other Michigan drivers. Companies like GEICO and Progressive promote their brand names with fancy advertisements and consumers find it hard to sift through the bull and take the time to shop coverage around.

How to Compare Auto Insurance Costs in Bingham Farms

There are several ways you can shop for auto insurance but there is one way that is less time-consuming than others. You could spend your day talking to insurance companies in Bingham Farms, or you could use online quotes to get rate comparisons in just a few minutes.

All the larger companies enroll in a system that allows shoppers to submit one quote, and every company provides a quote based on the submitted data. This prevents consumers from doing quote forms to each individual auto insurance company.

To submit your quote information now, click here (opens in new window).

The one downside to using this type of form is you can't choose which companies to get quotes from. So if you want to select specific insurance companies to compare prices, we have assembled a list of companies who write auto insurance in Michigan. View list of Michigan insurance companies.

Whichever method you choose, double check that you are using exactly the same deductibles and coverage limits with each company. If each company quotes different values for each quote then you won't be able to make an equal comparison in Bingham Farms.

compare Bingham Farms auto insurance rates

Good Decisions Result in Lower Rates

It's important that you understand the factors that come into play when calculating the price you pay for auto insurance. Having a good understanding of what influences your rates enables informed choices that will entitle you to big savings.

The list below includes a few of the "ingredients" auto insurance companies consider when setting prices.

  • More claims means more premium - Companies in Michigan generally give cheaper rates to drivers who are claim-free. If you file claims often, you can expect higher rates. Insurance coverage is designed for major claims that would cause financial hardship.
  • Rates may be lower depending on your job - Careers like lawyers, social workers and dentists tend to have the highest average rates due to high stress and lots of time spent at work. Other occupations like farmers, historians and the unemployed receive lower rates.
  • Having a spouse can save you money - Having a spouse actually saves money on auto insurance. Having a significant other means you're more mature and statistics show drivers who are married are more cautious.
  • Sex matters - The statistics show women are more cautious behind the wheel. However, don't assume that men are worse drivers. They both have accidents in similar percentages, but the men cause more damage and cost insurance companies more money. Men also statistically get more serious tickets such as DWI and reckless driving.
  • Performance level impacts rates - The make and model of the vehicle you are buying insurance for makes a substantial difference in determining your rates. Economy passenger cars generally receive the lowest base rates, but the cost you end up paying is determined by many additional factors.
  • Poor credit can mean higher rates - Having a bad credit rating is a big factor in your rate calculation. Drivers who have good credit tend to be better drivers and file fewer claims as compared to drivers with lower credit scores. If your credit history can use some improvement, you could be paying less to insure your by improving your credit score.
  • Older drivers save more - Mature drivers are more cautious drivers, file fewer claims and are safer drivers. Teen drivers tend to be less responsible in a vehicle and because of this, their auto insurance rates are much higher.

Be sure to get all your discounts

Companies don't list every discount in a way that's easy to find, so we took the time to find both well-publicized and also the lesser-known discounts you could be receiving. If you aren't receiving every discount available, you're just leaving money on the table.

  • Drivers Ed for Students - Require your teen driver to successfully complete driver's ed class in high school.
  • No Accidents - Claim-free drivers can save substantially when compared to frequent claim filers.
  • Paperwork-free - A handful of insurance companies will discount your bill up to fifty bucks just for signing your application digitally online.
  • Save over 55 - Older drivers can possibly qualify for better auto insurance rates.
  • Employee of Federal Government - Simply working for the federal government may qualify you for a discount with a few auto insurance companies.

Keep in mind that some credits don't apply to the entire cost. Some only apply to specific coverage prices like liability and collision coverage. Just because it seems like having all the discounts means you get insurance for free, it just doesn't work that way.

For a list of insurance companies with the best auto insurance discounts in Bingham Farms, click here.

Additional detailed information can be found at the Michigan Office of Financial and Insurance Regulation website. Michigan consumers can download brochures, read industry bulletins, get help finding coverage, and learn about insurance regulations.

compare Bingham Farms auto insurance rates

A tidy conclusion

Affordable auto insurance is possible online and also from your neighborhood Bingham Farms agents, and you should compare price quotes from both to have the best chance of lowering rates. Some auto insurance companies may not provide online quoting and these regional insurance providers work with independent agents.

When shopping online for auto insurance, it's a bad idea to reduce needed coverages to save money. There have been many situations where an insured dropped physical damage coverage only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to get the best coverage possible at the best price while still protecting your assets.