5 Discounts Charlotte Drivers Forget when Comparing Car Insurance
Are you overwhelmed by the sheer number of car insurance companies in Charlotte? You're not the only one! There are so many options available that it can turn into more work than you anticipated to find the best price.
It's important to compare prices at least once a year since rates are constantly changing. If you had the lowest rates a few years ago you will most likely find a better rate today. Starting right now, block out anything you think you know about car insurance because we're going to show you the tricks you need to know to find lower rates on car insurance.
More discounts equal less premium
Car insurance companies don't list every available discount very clearly, so we break down both the well known and the more hidden savings tricks you should be using. If you're not getting every credit possible, you are throwing money away.
- Air Bag Discount - Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
- Low Mileage - Keeping the miles down can earn discounted rates on garaged vehicles.
- 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%.
- Resident Student - Kids in college who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.
- Life Insurance - Some companies give a discount if you purchase life insurance from them.
Keep in mind that most discounts do not apply the the whole policy. Most only reduce the cost of specific coverages such as medical payments or collision. So when it seems like you would end up receiving a 100% discount, it just doesn't work that way.
Switch companies and save? Really?
Consumers in Michigan get pounded daily by advertisements that promise big savings from the likes of State Farm and Allstate. All the ads make an identical promise that you can save if you move your coverage to them.
How does each company claim to save you money?
Different companies are able to cherry pick for the type of customer that earns them a profit. For example, a preferred risk might be between the ages of 30 and 50, has no tickets, and drives less than 7,500 miles a year. Any new insured who meets those qualifications will get the preferred rates and therefore will save when switching.
Drivers who do not match these standards will be charged higher premiums and ends up with the customer not buying. The ads state "people who switch" not "everyone that quotes" save that much money. That's the way insurance companies can advertise the way they do. That is why you should compare as many rates as you can. It's just too difficult to predict which car insurance company will provide you with the cheapest rates.
Additional detailed information can be found at the Michigan Office of Financial and Insurance Regulation website. Visitors are able to file complaints about a company, find disaster information, and view a list of available companies.
A tidy conclusion
We just covered many tips how you can reduce car insurance prices online. The key concept to understand is the more you quote, the higher your chance of finding lower rates. Drivers may discover the lowest rates come from an unexpected company.
Affordable car insurance is possible both online as well as from independent agents in Charlotte, and you should compare price quotes from both to have the best chance of lowering rates. Some car insurance companies don't offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.
People who switch companies do it for many reasons like poor customer service, delays in responding to claim requests, unfair underwriting practices and even not issuing a premium refund. It doesn't matter why you want to switch finding the right car insurance provider is less work than it seems.
