How to Know You're Spending Too Much for Auto Insurance in Commerce Twp

Having to pay for overpriced auto insurance can empty your personal savings and make it hard to pay other bills. Comparing price quotes is free and is an excellent way to make sure you're not throwing money away.

Numerous battle for your hard-earned dollar, and because of this it can be hard to compare to discover the definitive lowest price

It's important to compare rates on a regular basis because prices are constantly changing. Even if you got the best rates a few years ago you can probably find a better price now. There is a lot of bad information regarding auto insurance online, so I'm going to show you some great ways to quit paying high auto insurance rates.

If you have car insurance now, you should be able to reduce your rates substantially using these techniques. Choosing the best insurance company for you in Commerce Twp is quite easy. Nevertheless, Michigan consumers do need to know the way companies price online insurance.

You have some control over your rates

Consumers need to have an understanding of the rating factors that go into determining the rates you pay for auto insurance. Understanding what determines base rates enables informed choices that may reward you with lower auto insurance prices.

Listed below are some of the items auto insurance companies consider when setting rates.

Being married can save on auto insurance - Getting married can actually save you money on your auto insurance policy. It means you're more mature and responsible and it's statistically proven that married drivers get in fewer accidents.
Battle of the sexes - Statistics have proven that men are more aggressive behind the wheel. That doesn't necessarily mean that men are worse drivers. Women and men cause accidents at a similar rate, but the males cause more damage. They also have more aggressive citations like DUI and reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and are penalized with high auto insurance rates.
Consolidate policies to earn discounts - Most auto insurance companies will give a discount to insureds who buy several policies from them. It's known as a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. If you currently are using one company, you may still want to comparison shop to ensure the best deal.
Protect your assets with liability insurance - Liability insurance is the protection if ever you are found liable for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court starting from day one. This coverage is very inexpensive compared to physical damage coverage, so drivers should carry high limits.
The more you drive the more you pay - The more miles you rack up on your car in a year's time the more you will pay for auto insurance. Most insurance companies charge to insure your cars determined by how the vehicle is used. Autos left parked in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Make sure your auto insurance policy is showing how each vehicle is driven.
Special features that cut premiums - Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.

More discounts equal less premium

Companies don't always publicize all their discounts in an easy-to-find place, so the following is a list of both the well known and the more hidden ways to save on auto insurance.

Sign Online - Certain companies may give you up to $50 simply for signing on their website.
Accident Waiver - A few companies permit an accident before hitting you with a surcharge as long as you don't have any claims prior to the accident.
Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems can help prevent theft and qualify for as much as a 10% discount.
Multi-car Discount - Having more than one vehicle with the same company could earn a price break for each car.
Save with a New Car - Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
Student Driver Training - Cut your cost by having your teen driver complete a driver education course in school.
Drive Less and Save - Driving fewer miles could qualify for better rates on cars that stay parked.
Organization Discounts - Being a member of certain professional organizations could trigger savings on auto insurance.

Consumers should know that many deductions do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like all the discounts add up to a free policy, companies don't profit that way.

To choose companies offering auto insurance discounts in Commerce Twp, click this link.

Switch companies and save? Really?

Auto insurance companies such as State Farm, GEICO and Progressive constantly bombard you with ads in print and on television. They all seem to make the same claim of big savings if you switch to their company. How do they all claim to save you money?

All companies have a preferred profile for the driver that makes them money. A good example of a desirable insured might be between the ages of 30 and 50, insures multiple vehicles, and drives less than 7,500 miles a year. A customer getting a price quote who matches those parameters is entitled to the best price and therefore will cut their rates substantially.

Potential customers who do not match the "perfect" profile will have to pay a higher premium which leads to the customer not buying. Company advertisements say "people who switch" not "everyone that quotes" save that much. This is how insurance companies can confidently advertise the way they do. Because of the profiling, you should get a wide range of price quotes. It's impossible to know which insurance companies will provide you with the cheapest rates.

For more Michigan auto insurance information

More tips and info about auto insurance can be read at the Michigan Office of Financial and Insurance Regulation website. Visitors are able to get help finding coverage, learn about insurance regulations, read consumer alerts, and find out which companies have the most complaints.

Shop smart and save

Cost effective auto insurance can be found both online and also from your neighborhood Commerce Twp agents, and you should compare price quotes from both to have the best rate selection. Some auto insurance companies may not provide online price quotes and most of the time these small insurance companies sell through independent agents.

When shopping online for auto insurance, never buy poor coverage just to save money. In many cases, drivers have reduced collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy enough coverage at an affordable rate.