Easy Methods to Spend Less on Elizabeth Auto Insurance

If online auto insurance comparisons are new to you, you can be overwhelmed by the vast number of auto insurance companies all offering big savings in Elizabeth.

Finding the best rates in Elizabeth is easy if you know what you're doing. If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using this strategy. Colorado vehicle owners just need to know the most efficient way to shop for auto insurance online.

These discounts can lower your rates

Companies offering auto insurance don't list every discount very clearly, so the following is a list of both well-publicized as well as the least known savings tricks you should be using. If you're not getting every credit you qualify for, you are throwing money away.

Military Rewards - Being on active duty in the military can result in better rates.
Multiple Policy Discount - If you have multiple policies with one insurance company you may earn at least 10% off all policies.
Federal Employees - Active or retired federal employment could cut as much as 10% off with a few auto insurance companies.
Life Insurance - Select insurance companies reward you with a discount if you purchase life insurance.
Defensive Driving Course - Successfully completing a course in driver safety can save you 5% or more if you qualify.
Anti-lock Brake System - Cars that have steering control and anti-lock brakes prevent accidents and therefore earn up to a 10% discount.
Sign Early and Save - Some insurance companies reward drivers for switching policies prior to your current policy expiring. It can save you around 10%.
Passive Restraint Discount - Cars that have air bags or motorized seat belts may earn rate discounts of more than 20%.
Pay Upfront and Save - If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.

Consumers should know that most discount credits are not given to your bottom line cost. Some only reduce individual premiums such as liability and collision coverage. So despite the fact that it appears adding up those discounts means a free policy, companies don't profit that way.

Different people need different coverages

When it comes to buying coverage for your vehicles, there isn't really a one size fits all plan. Coverage needs to be tailored to your specific needs.

For instance, these questions might point out whether you might need an agent's assistance.

Am I covered when pulling a rental trailer?
Am I covered when driving in Canada or Mexico?
Do I have coverage for damage caused while driving under the influence?
What happens if I owe more than my vehicle is worth?
Do I really need UM/UIM coverage?
Does my insurance cover a custom paint job?
Does my car insurance cover rental cars?

If you're not sure about those questions, you may need to chat with an agent. If you don't have a local agent, take a second and complete this form. It's fast, doesn't cost anything and can help protect your family.

Are you falling for claims of savings?

Colorado consumers get pounded daily by advertisements for cheaper car insurance by companies like State Farm, Allstate and GEICO. They all make an identical promise that you'll save big if you move to them.

How does each company make almost identical claims?

Insurance companies have a certain "appetite" for the type of driver that earns them a profit. A good example of a driver they prefer could possibly be between the ages of 30 and 50, owns a home, and drives newer vehicles. A driver who meets those qualifications 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 quoted higher rates and ends up with the driver buying from a lower-cost company. The ads say "customers that switch" not "everybody who quotes" save money. That is how companies can claim big savings. This emphasizes why you should get a wide range of price quotes. It is impossible to predict which company will give you the biggest savings.

For more Colorado car insurance information

More detailed Colorado auto insurance information can be read at the Colorado DORA Division of Insurance website. Colorado consumers can view a list of available companies, read consumer alerts, and download brochures.

Also read more on this page for auto insurance prices in Colorado and this page of Elizabeth insurance agents.

In the end, you save

People who switch companies do it for a number of reasons such as unfair underwriting practices, policy non-renewal, high rates after DUI convictions and even delays in paying claims. Regardless of your reason for switching companies, choosing a new insurance company is less work than it seems.

When trying to cut insurance costs, make sure you don't buy lower coverage limits just to save a few bucks. There have been many situations where an insured cut collision coverage and discovered at claim time that it was a big mistake. The proper strategy is to find the BEST coverage at a price you can afford while still protecting your assets.

Discount auto insurance is definitely available online and with local Elizabeth insurance agents, and you should compare price quotes from both to get a complete price analysis. A few companies do not offer you the ability to get quotes online and these small insurance companies work with independent agents.