Getting Cheap Caldwell Auto Insurance
Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Believe me, there are many people just like you. You have so many to buy insurance from, and even though it's nice to have multiple companies, lots of choices makes it harder to compare rates.
It's important to price shop coverage every six months since insurance rates are constantly changing. Even if you got the best deal a year ago a different company probably has better rates today. So just block out anything you think you know about auto insurance because it's time to teach you the proper way to lower your annual insurance bill.
Are you getting all your discounts?
Companies don't always list every available discount very clearly, so here is a list some of the best known as well as the least known discounts you could be receiving. If you're not getting every credit possible, you are throwing money away.
- Theft Prevention Discount - Vehicles with anti-theft systems prevent vehicle theft and will save you 10% or more.
- Multiple Vehicles - Buying coverage for multiple vehicles on one policy may reduce the rate for each vehicle.
- Life Insurance Discount - Some companies give a discount if you purchase life insurance.
- Senior Discount - If you qualify as a senior citizen, you may be able to get a discount up to 10%.
- No Claims - Drivers with accident-free driving histories can earn big discounts compared to drivers who are more careless.
Keep in mind that some credits don't apply to all coverage premiums. Some only reduce individual premiums such as comprehensive or collision. Even though it may seem like all the discounts add up to a free policy, it just doesn't work that way.
Learn How to Buy Auto Insurance Cheaper
Smart consumers have a good feel for the factors that help determine auto insurance rates. Knowing what influences your rates helps enable you to make changes that can help you get much lower annual insurance costs.
The following are some of the factors that factor into your rates.
- How many coverages with the same company - Many insurance companies give discounts to people who consolidate policies with them in the form of a multi-policy discount. Even with this discount, you still need to compare other company rates to confirm you are receiving the best rates possible. You may still find a better deal by splitting coverages up.
- Do you know your deductibles? - Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some examples of claims that would be covered are a windshield shattered by a rock, damage from fire, and rolling your vehicle. The deductibles are the amount of money you are required to spend if you file a covered claim. The more money the insured has to pay upfront, the less your auto insurance will be.
- Where you live - Choosing to live in small towns and rural areas has it's advantages when buying auto insurance. Urban drivers tend to have congested traffic and longer commutes to work. Less people living in that area means reduced accidents and also fewer theft and vandalism claims.
- Do men or women drive better? - Statistics demonstrate that women are safer drivers than men. However, this does not mean men are WORSE drivers than women. Both sexes are in accidents at about the same rate, but men have costlier accidents. Men also get more serious tickets like reckless driving and DUI. Young males are most likely to cause an accident and therefore are the most expensive to insure.
- Do you have a high stress job? - Did you know your auto insurance rates can be affected by your occupation? Occupations like doctors, social workers and financial analysts are shown to have higher average rates because of high stress and long work days. Conversely, occupations such as actors, engineers and performers pay the least.
- Car features impact rates - Choosing a vehicle with an alarm system can get you a discount on your auto insurance. Theft prevention features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart auto theft.
How can Allstate and Progressive save drivers who switch?
New Jersey drivers get pounded daily by advertisements that promise big savings from companies such as Allstate and Progressive. All the ads have a common claim that you can save after switching your policy.
How does each company say the same thing?
Insurance companies are able to cherry pick for the right customer that earns them a profit. An example of a preferred risk might be profiled as over the age of 40, has no driving citations, and has excellent credit. A propective insured that hits that "sweet spot" will get very good rates and as a result will probably save when switching.
Consumers who are not a match for these standards will be charged higher rates and this can result in business not being written. The ads say "customers that switch" not "everybody who quotes" save that kind of money. That's the way insurance companies can make those claims. That is why drivers should compare many company's rates. It's not possible to predict which auto insurance company will have the lowest rates.
Learn more about New Jersey auto insurance
Additional detailed information is available at the New Jersey Department of Banking and Insurance website. New Jersey drivers can read consumer alerts, report car insurance fraud, view agent and company licensing information, and learn about insurance regulations.
Best coverage at the best price
While you're price shopping online, it's very important that you do not skimp on coverage in order to save money. Too many times, someone sacrificed liability limits or collision coverage only to find out they didn't purchase enough coverage. The aim is to find the BEST coverage at a price you can afford, not the least amount of coverage.
Affordable auto insurance can be purchased on the web in addition to many Caldwell insurance agents, and you need to comparison shop both to get a complete price analysis. Some companies do not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.