Easy Methods to Pay Less on Hancock Auto Insurance

Are you intimidated by the sheer number of auto insurance options in Hancock? You have a lot of company. People have so many choices that it can turn into more work than you anticipated to find better rates.

It's important to compare rates every six months since insurance rates are constantly changing. Even if you got the lowest rates last year you will most likely find a better rate today. So block out anything you think you know about auto insurance because it's time to teach you the tricks you need to know to properly buy coverages and cut your premium.

How much can you save with discounts?

The cost of insuring your cars can be expensive, but there could be available discounts that many people don't even know exist. Certain discounts will be applied when you quote, but lesser-known reductions have to be asked for before you get the savings.

  • Senior Discount - If you qualify as a senior citizen, you may qualify for better auto insurance rates.
  • Multi-car Discount - Buying insurance for more than one vehicle on one policy may reduce the rate for each vehicle.
  • Anti-lock Brake System - Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
  • Payment Discounts - If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Homeowners Discount - Owning a house in Hancock can help you save on auto insurance because owning a home is proof that your finances are in order.
  • Passive Restraint Discount - Factory air bags and/or automatic seat belt systems may earn rate discounts of 20% or more.

As a disclaimer on discounts, most discounts do not apply to all coverage premiums. Most cut individual premiums such as liability, collision or medical payments. Just because it seems like you can get free auto insurance, auto insurance companies aren't that generous. Any amount of discount will bring down the amount you have to pay.

Hancock auto insurance comparison

Save 15 percent in 15 minutes? Is it for real?

Auto insurance companies such as Progressive, GEICO, Allstate and State Farm constantly bombard you with television and radio advertisements. They all seem to make an identical promise about savings if you switch to their company. How does each company say the same thing?

All companies are able to cherry pick for the driver that earns them a profit. For example, a desirable insured might be profiled as between the ages of 30 and 50, has no driving citations, and has great credit. A propective insured who meets those qualifications gets the lowest rates and is almost guaranteed to save when switching.

Drivers who don't meet these standards will have to pay a higher premium and ends up with business not being written. The ads say "customers that switch" but not "drivers who get quotes" save that much. That's the way companies can truthfully advertise the savings.

Because of the profiling, you should get quotes from several different companies. It's not possible to predict which auto insurance company will give you the biggest savings.

Additional information can be found on the Michigan Office of Financial and Insurance Regulation website located here. Michigan drivers can read enforcement actions against agents and companies, report car insurance fraud, and read consumer alerts.

The best insurance company isn't always the cheapest

As you prepare to switch companies, it's very important that you do not buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. Your aim should be to purchase plenty of coverage at a price you can afford.

Cheap auto insurance can be found on the web and also from your neighborhood Hancock agents, and you should compare price quotes from both to have the best selection. There are still a few companies who may not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

People switch companies for a number of reasons such as not issuing a premium refund, lack of trust in their agent, policy cancellation and even denial of a claim. It doesn't matter what your reason, choosing a new insurance company is less work than it seems.