Car Insurance in Frankford - 8 Discounts You Might be Losing Out On

Scraping up a payment for overpriced car insurance can overdraw your savings account and make it hard to pay other bills. Doing a price comparison is free and is an excellent way to cut your insurance bill.

Companies like GEICO and Progressive persitently shower you with TV and radio ads and it is difficult to sift through the bull and effectively compare rates to find the best deal.

It's important to price shop coverage yearly since rates are constantly changing. Even if you got the best deal last year you will most likely find a better rate today. So just ignore everything you know about car insurance because we're going to show you the only way to lower your annual insurance bill.

If you have car insurance now, you should be able to save some money using these methods. Buying car insurance in Frankford is easy if you know what you're doing. But Delaware car owners do need to know the way companies price online insurance and take advantage of how the system works.

Save big with these eight discounts

Companies that sell car insurance don't list every available discount in a way that's easy to find, so here is a list some of the more common and also the lesser-known ways to save on car insurance.

Good Student Discount - Performing well in school can get you a discount of up to 25%. The discount lasts until age 25.
Multi-policy Discount - If you have multiple policies with the same company you could get a discount of up to 20% off your total premium.
Government Employees - Active or retired federal employment can save as much as 8% with certain companies.
Payment Discounts - If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.
E-sign - Certain companies will give a small break for buying a policy and signing up digitally online.
Low Mileage - Driving fewer miles can qualify you for better rates on cars that stay parked.
Military Discounts - Having a family member in the military could mean lower rates.
No Claims - Drivers who don't have accidents can earn big discounts compared to drivers who are more careless.

Drivers should understand that many deductions do not apply to your bottom line cost. Some only reduce specific coverage prices like medical payments or collision. So despite the fact that it appears all the discounts add up to a free policy, companies wouldn't make money that way.

But I don't know anything about car insurance

When it comes to buying proper insurance coverage for your personal vehicles, there really is not a "perfect" insurance plan. Your needs are not the same as everyone else's so this has to be addressed. These are some specific questions can help discover if your situation might need an agent's assistance.

Should I buy only the required Delaware minimum liability coverage?
What is the difference between comprehensive and collision coverage?
Am I covered when driving in Canada or Mexico?
Am I covered if I drive in a foreign country?
Am I covered when renting a car or should I buy coverage from the car rental agency?
What can I do if my company won't pay a claim?
Does my personal policy cover me when driving my company car?

If it's difficult to answer those questions but a few of them apply, then you may want to think about talking to a licensed agent. If you don't have a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.

Car insurance ads bend the truth

Companies like State Farm and Allstate constantly bombard you with ads on TV and radio. All the ads make the same claim that you'll save big if you switch your policy. How can each company make the same claim? It's all in the numbers.

All companies have a preferred profile for the right customer that earns them a profit. An example of a preferred risk could be between the ages of 30 and 50, has no prior claims, and drives newer vehicles. Any new insured who matches those parameters will get very good rates and most likely will save when they switch companies.

Drivers who fall outside the requirements will be charged higher premiums which leads to business going elsewhere. The ads say "customers who switch" not "people who quote" save that kind of money. This is how companies can claim big savings. That is why you should get quotes from several different companies. It's just too difficult to predict which insurance companies will give you the biggest savings.

Learn more about car insurance in Delaware

More detailed Delaware car insurance information is available at the Delaware Department of Insurance website. Consumers can file complaints about a company, view agent and company licensing information, read consumer alerts, and download brochures.

Final considerations

You just learned many ideas to reduce car insurance prices online. The key thing to remember is the more you quote, the better likelihood of reducing your rate. You may be surprised to find that the lowest rates come from a small mutual company. Regional companies may only write in your state and offer lower rates than their larger competitors like .

When trying to cut insurance costs, it's a bad idea to buy lower coverage limits just to save a few bucks. There have been many cases where consumers will sacrifice comprehensive coverage or liability limits to discover at claim time that it was a big mistake. Your goal should be to find the BEST coverage at the best price, not the least amount of coverage.