6 Best Tips to Lower Car Insurance Costs in Folsom, CA

Finding better rates for Folsom car insurance is difficult for consumers new to shopping for insurance online. People have so many choices that it can turn into more work than you anticipated to compare prices in Folsom.

It's important to compare rates before your policy renews since rates are constantly changing. Just because you found the lowest price a year ago you will most likely find a better rate today. There is a lot of wrong information about car insurance online, so I'm going to show you some great ways to put money back in your pocket.

Choosing the best insurance company for you in Folsom is quite easy. Essentially every vehicle owner who has to buy car insurance stands a good chance to be able to save money. Nevertheless, California consumers do need to know how insurance companies sell online because it can help you find the best coverage.

More discounts equal less premium

Companies offering auto insurance don't always publicize all their discounts very well, so we researched both the well known and also the lesser-known car insurance savings.

  • Senior Citizens - If you qualify as a senior citizen, you may receive better car insurance rates.
  • No Accidents - Claim-free drivers pay much less as compared to drivers who are more careless.
  • Homeowners Pay Less - Owning a house in Folsom may trigger a car insurance policy discount because maintaining a house shows financial diligence.
  • Good Students Pay Less - Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you up until you turn 25.
  • Discount for Life Insurance - Larger companies have a break if you buy a life insurance policy as well.
  • Sign Online - Certain companies may give you up to $50 simply for signing online.

Consumers should know that most credits do not apply to the entire cost. Most only apply to specific coverage prices like 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.

Folsom car insurance comparison

Switch companies and save? Really?

Car insurance companies such as Progressive, GEICO, Allstate and State Farm consistently run ads in print and on television. They all seem to say the same thing of big savings if you change to their company. But how can every company claim to save you money? It's all in the numbers.

All companies can use profiling for the driver that earns them a profit. For instance, a desirable insured might be over the age of 50, is a homeowner, and has excellent credit. Any new insured who fits that profile is entitled to the best price and therefore will save a lot of money.

Potential customers who do not match this ideal profile will have to pay higher prices which usually ends up with the customer not buying. The ads state "customers who switch" not "everyone that quotes" save that much. That's why insurance companies can confidently make those claims. Because of the profiling, you should get a wide range of price quotes. It's just too difficult to predict the company that will have the lowest rates.

Learn more today

More tips and info about car insurance is located at the California Department of Insurance website. Visitors are able to learn about insurance regulations, read industry bulletins, and report car insurance fraud.

Also read more on this Car Insurance FAQ and this page of insurance agents in Folsom.

Final considerations

While you're price shopping online, don't be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where an accident victim reduced collision coverage and learned later they didn't purchase enough coverage. Your aim should be to buy a smart amount of coverage at the best price.

Consumers leave their current company for a variety of reasons including denial of a claim, high rates after DUI convictions, lack of trust in their agent and even high prices. It doesn't matter why you want to switch finding a new car insurance company is less work than it seems.

Cost effective car insurance can be sourced both online and also from your neighborhood Folsom agents, and you should be comparing both so you have a total pricing picture. Some companies may not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.