Car Insurance in Kennebunkport - 8 Ways to Save Money
Have you had enough of robbing Peter to pay Paul each month for car insurance? You're in the same situation as many other Maine drivers. Since consumers have many choices, it is very difficult to find the most affordable car insurance company.
It's important to compare prices before your policy renews since rates are constantly changing. Even if you got the best deal a few years ago you can probably find a better price now. So just forget all the misinformation about car insurance because we're going to show you the proper way to find lower rates on car insurance.
Save big with these eight discounts
Car insurance is not cheap, but discounts can save money and there are some available to reduce the price significantly. A few discounts will automatically apply when you get a quote, but some must be manually applied before you will receive the discount. If you don't get every credit available, you are paying more than you should be.
- Multi-policy Discount - If you insure your home and vehicles with the same company you will save 10% to 20% off each policy.
- Employee of Federal Government - Employees or retirees of the government can earn a discount up to 10% with certain companies.
- Good Students Pay Less - This discount can save 20 to 25%. The discount lasts well after school through age 25.
- Multiple Vehicles - Insuring multiple vehicles with the same company could earn a price break for each car.
- Anti-theft System - Vehicles with anti-theft systems are stolen less frequently and qualify for as much as a 10% discount.
- Low Mileage - Fewer annual miles can qualify you for a substantially lower rate.
- Driver Safety - Taking a defensive driving course could save 5% or more if your company offers it.
- Anti-lock Brakes - Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
It's important to note that some of the credits will not apply to the entire cost. Most cut the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, you're out of luck. But any discount will help reduce your overall premium however.
To choose providers who offer car insurance discounts in Maine, click here.
Car insurance ads bend the truth
Consumers in Maine can't ignore all the ads for the lowest price auto insurance from the likes of Allstate and Progressive. All the ads have a common claim that you can save after switching your coverage to them.
But how can every company claim to save you money?
Different companies can use profiling for the type of customer that makes them money. An example of a preferred risk might be between 30 and 50, is a homeowner, and has a short commute. Any new insured that hits that "sweet spot" gets the lowest rates and most likely will save a lot of money.
Drivers who fall outside this ideal profile will be charged higher premiums and this can result in the customer not buying. The ads say "people who switch" not "people who quote" save that much money. That's why insurance companies can make the claims of big savings.
That is why you should quote coverage with many companies. It's just too difficult to predict the company that will fit your personal profile best.
More information is available on the website for the Maine Bureau of Insurance through this link. Visitors are able to read consumer alerts, download brochures, view agent and company licensing information, and file complaints about a company.
Other informative sites include Wikipedia and this Kennebunkport agent directory.
Best coverage at the best price
As you shop your coverage around, don't be tempted to buy poor coverage just to save money. Too many times, an accident victim reduced liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The aim is to purchase plenty of coverage at an affordable rate, not the least amount of coverage.
We just covered a lot of techniques to save on car insurance. The most important thing to understand is the more quotes you get, the better chance you'll have of finding lower rates. Drivers may discover the best prices are with a company that doesn't do a lot of advertising. Some small companies often have lower prices on specific markets than their larger competitors like .
