Tightwads Guide to Saving on Genoa City Car Insurance

Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Believe me when I say there are many people just like you.

With consumers having so many choices of insurance companies, it's nearly impossible to find the cheapest insurance company.

It's important to do rate comparisons every six months due to the fact that insurance rates are constantly changing. Just because you found the lowest price last year you can probably find a better price now. Forget anything you know (or think you know) about car insurance because you're about to learn how to use online quotes to lower your rates without sacrificing coverage.

Finding the best rates in Genoa City is quite easy. If you currently have a car insurance policy, you will be able to cut costs considerably using this strategy. Nevertheless, Wisconsin consumers do need to know the way insurance companies sell online because it can help you find the best coverage.

Why some people pay less for insurance in Genoa City

Consumers need to have an understanding of the factors that help determine the rates you pay for car insurance. When you know what positively or negatively determines base rates allows you to make educated decisions that can help you get much lower annual insurance costs.

The following are a partial list of the pieces companies use to determine your rates.

Bad driving skills means higher rates - Your driving record has a big impact on rates. Good drivers have lower premiums compared to drivers with tickets. Even a single citation can increase rates forty percent or more. Drivers who get flagrant violations like DWI, reckless driving or hit and run convictions may be required to submit a SR-22 form to the state department of motor vehicles in order to keep their license.
Protect yourself with liability coverage - Liability coverage provides coverage in the event that you are found liable for damages from an accident. Liability provides legal defense which can be incredibly expensive. Liability is cheap when compared with rates for comp and collision, so do not skimp.
Women pay lower rates - Statistics demonstrate women tend to be less risk to insure than men. However, this does not mean women are better drivers. Both sexes are in accidents in similar numbers, but men have costlier accidents. Men also get more serious tickets like DUI and reckless driving. Male drivers age 16 to 19 are most likely to cause an accident and are penalized with high car insurance rates.
With age comes lower rates - Youthful drivers in Wisconsin are known to be less responsible when behind the wheel so car insurance rates are higher. Older insureds tend to be more responsible, statistically cause fewer accidents and get fewer tickets.
Higher safety ratings means cheaper insurance - Vehicles with high crash test scores get lower rates. Safer cars result in less severe injuries and any reduction in injury severity means lower claim amounts passed on to you as lower rates.
Do you know your deductibles? - Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of covered claims would be a windshield shattered by a rock, damage from fire, and rolling your vehicle. The deductibles are the amount of money you are required to spend in the event of a claim. The more you're willing to pay, the less your car insurance will be.

These discounts can lower your rates

Companies offering auto insurance don't list every available discount very well, so we researched both the well known as well as the least known discounts you could be receiving.

Discount for Good Grades - This discount can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
Multiple Vehicles - Buying coverage for multiple vehicles with the same company may reduce the rate for each vehicle.
No Charge for an Accident - Some insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free for a set time period.
Resident Student - Youth drivers who are attending college and do not have access to a covered vehicle can be insured at a reduced rate.
Organization Discounts - Being a member of a professional or civic organization may earn a discount on your policy.
Low Mileage - Fewer annual miles could be rewarded with a substantially lower rate.
Driver Safety - Successfully completing a defensive driving course could possibly earn you a 5% discount if your company offers it.

It's important to understand that some credits don't apply to all coverage premiums. Most only apply to individual premiums such as medical payments or collision. So even though it sounds like all the discounts add up to a free policy, it doesn't quite work that way.

To choose providers who offer car insurance discounts in Wisconsin, click here.

Are you falling for claims of savings?

Companies like State Farm and Allstate continually stream ads on television and other media. All the ads have a common claim of big savings after switching to them. But how can every company claim to save you money?

Insurance companies are able to cherry pick for the type of driver that makes them money. For instance, a preferred risk might be a mature driver, has no driving citations, and has great credit. Any driver that hits that "sweet spot" is entitled to the best price and as a result will probably save a lot of money.

Drivers who are not a match for this ideal profile will be charged a higher premium and this can result in the customer not buying. The ads state "customers that switch" not "everybody who quotes" save money. That's the way insurance companies can confidently advertise the savings. That is why you should get as many quotes as possible. You cannot predict which car insurance company will give you the biggest savings.

Learn more about Wisconsin car insurance

More tips and info about car insurance is located at the Wisconsin Office of the Commissioner of Insurance website. Visitors are able to file complaints about a company, find out which companies have the most complaints, learn about insurance regulations, and read enforcement actions against agents and companies.

Other informative sites include NAIC.org's Understanding your Policy and this directory of insurance agents in Genoa City Wisconsin.

The best insurance company isn't always the cheapest

We just presented a lot of ways to save on car insurance. The most important thing to understand is the more you quote, the better your comparison will be. You may be surprised to find that the best price on car insurance is with the least-expected company. Some small companies can often provide lower rates in certain areas than the large multi-state companies such as .

Low-cost car insurance can be sourced both online and with local Genoa City insurance agents, and you need to price shop both to have the best selection. There are still a few companies who do not offer online price quotes and many times these small, regional companies only sell through independent insurance agents.

As you prepare to switch companies, don't be tempted to buy poor coverage just to save money. There have been many cases where someone sacrificed liability coverage limits only to discover later that the small savings ended up costing them much more. Your goal should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.