How to Know You're Spending Too Much for Car Insurance in Keenesburg

Having to pay for overpriced car insurance can overdraw your checking account and make it hard to pay other bills. Comparing price quotes is free and is an excellent way to cut your insurance bill. Consumers have many to buy insurance from, and although it's a good thing to have multiple companies, it can be more difficult to compare rates.

It's important to compare rates on a regular basis due to the fact that insurance rates are constantly changing. Even if you got the lowest price a couple years back you will most likely find a better rate today. There is too much inaccurate information about car insurance on the internet, so I'm going to show you some great ways to put money back in your pocket.

Finding the best rates in Keenesburg is quite easy. If you have car insurance now, you should be able to cut costs considerably using this strategy. Colorado drivers only need an understanding of how to buy car insurance online.

Are you getting all your discounts?

Companies offering auto insurance don't necessarily list all their discounts very clearly, so we researched both the well known and also the lesser-known ways to save on car insurance. If you're not getting every credit you deserve, you are throwing money away.

College Student - Any of your kids who are attending college and do not have a car can be insured at a reduced rate.
Accident Waiver - Certain companies allow you one accident before your rates go up as long as you don't have any claims prior to the accident.
Braking Control Discount - Cars that have steering control and anti-lock brakes are safer to drive and therefore earn up to a 10% discount.
Auto/Life Discount - Larger companies have a discount if you purchase a life insurance policy as well.
Drivers Education - Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
Service Members Pay Less - Having a family member in the military could mean lower rates.
Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
Drive Less and Save - Driving fewer miles could be rewarded with better rates on cars that stay parked.

Consumers should know that many deductions do not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability, collision or medical payments. So even though they make it sound like it's possible to get free car insurance, companies don't profit that way.

How can Progressive, GEICO, Allstate and State Farm save drivers who switch?

Consumers in Colorado get pounded daily by advertisements for car insurance savings by Progressive, GEICO, Allstate and State Farm. They all seem to make the same claim of big savings if you switch to their company.

How does each company claim to save you money? It's all in the numbers.

All companies have a preferred profile for the driver that earns them a profit. For instance, a desirable insured might be over the age of 40, insures multiple vehicles, and drives less than 10,000 miles a year. Any driver who matches those parameters gets the lowest rates and as a result will probably save when switching.

Drivers who are not a match for these standards will have to pay higher premiums which leads to the customer not buying. Company advertisements say "customers who switch" not "everybody who quotes" save that much. This is how insurance companies can confidently advertise the way they do. Because of the profiling, you should get a wide range of price quotes. You cannot predict which insurance companies will provide you with the cheapest rates.

More tips and info about car insurance is located at the Colorado DORA Division of Insurance website. Visitors are able to read enforcement actions against agents and companies, learn about insurance regulations, read consumer alerts, and view agent and company licensing information.

A tidy conclusion

As you go through the steps to switch your coverage, it's very important that you do not buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced collision coverage and learned later that the savings was not a smart move. Your aim should be to buy the best coverage you can find at the best price.

Cost effective car insurance can be found both online and also from your neighborhood Keenesburg agents, and you need to comparison shop both to have the best chance of lowering rates. Some car insurance companies may not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.