Top Ways to Save on Duncan Falls Auto Insurance
Paying for high-priced auto insurance can overdraw your savings account and force you to prioritize other expenses. Comparison shopping is a great way to tighten up your finances. There is such a variety of to pick from, and though it is a good thing to have multiple companies, so many choices can make it hard to compare rates.
It's important to get comparison quotes on a regular basis because prices are constantly changing. If you had the best deal last year you will most likely find a better rate today. Starting right now, ignore everything you know about auto insurance because you're going to get a crash course in the only way to save on auto insurance.
Policy discounts you shouldn't miss
The price of auto insurance can be rather high, but companies offer discounts that can drop the cost substantially. Some discounts apply automatically when you quote, but lesser-known reductions have to be asked for before you get the savings. If you're not getting every credit you deserve, you are throwing money away.
- Life Insurance Discount - Companies who offer life insurance give a discount if you purchase life insurance.
- Own a Home - Owning a house in Duncan Falls can save you money because of the fact that having a home requires personal responsibility.
- Government Employees - Active or retired federal employment could cut as much as 10% off with select insurance companies.
- Clubs and Organizations - Participating in a qualifying organization may earn a discount on auto insurance.
- Good Student Discount - Performing well in school can earn a discount of 20% or more. The discount lasts up to age 25.
- Pay Upfront and Save - By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
A little note about advertised discounts, some credits don't apply to all coverage premiums. Most only apply to individual premiums such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, you won't be that lucky. Any amount of discount will bring down the amount you have to pay.
Save $429 a year? Really?
Ohio consumers get pounded daily by advertisements for car insurance savings from companies such as GEICO, State Farm and Progressive. They all seem to have a common claim about savings if you move your policy.
How does each company make almost identical claims?
Insurance companies have a preferred profile for the right customer that earns them a profit. An example of a desirable insured could possibly be over the age of 50, insures multiple vehicles, and has great credit. A customer getting a price quote that hits that "sweet spot" is entitled to the best price and is almost guaranteed to save when switching.
Drivers who don't qualify for these standards will have to pay a higher premium and this can result in the driver buying from a lower-cost company. The ads state "customers that switch" but not "drivers who get quotes" save that kind of money. This is how companies can truthfully advertise the savings.
Because of the profiling, you should get quotes from several different companies. It's impossible to know which insurance companies will give you the biggest savings.
For more Ohio auto insurance information
Additional information is available on the website for the Ohio Department of Insurance located here. Ohio consumers can file complaints about an insurance agent or broker, report car insurance fraud, download brochures, and find out which companies have the most complaints.
In the end, you save
As you prepare to switch companies, make sure you don't buy lower coverage limits just to save a few bucks. In many instances, drivers have reduced comprehensive coverage or liability limits to discover at claim time that the small savings ended up costing them much more. The ultimate goal is to buy a smart amount of coverage at a price you can afford.
Cheaper auto insurance is definitely available online in addition to many Duncan Falls insurance agents, and you should be comparing both to have the best selection. There are still a few companies who do not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.