10 Tips to Save on Car Insurance in Lake City

Are you sick and tired of paying out the nose each month for car insurance? You are no different than many other drivers in Michigan.

Numerous battle for your business, so it's not easy to compare every and get the definite lowest price

It's important to do rate comparisons before your policy renews since rates are constantly changing. Despite the fact that you may have had the lowest price last year a different company probably has better rates today. There is a lot of bad information regarding car insurance online but we're going to give you some great ways to find cheap car insurance.

If you have car insurance now, you stand a good chance to be able to cut costs considerably using this information. Finding affordable coverage in Lake City is easy if you know what you're doing. But Michigan car owners do need to know how big insurance companies compete online because it can help you find the best coverage.

Policy discounts you shouldn't miss

Car insurance can cost a lot, but you may find discounts to cut the cost considerably. A few discounts will automatically apply when you purchase, but a few must be asked for before being credited.

  • Passive Restraint Discount - Vehicles with factory air bags can get savings of more than 20%.
  • Employee of Federal Government - Active or retired federal employment can save as much as 8% with certain companies.
  • 55 and Retired - If you qualify as a senior citizen, you may be able to get reduced rates.
  • Multiple Vehicles - Buying insurance for multiple vehicles on one policy may reduce the rate for each vehicle.
  • Anti-lock Brake Discount - Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
  • Anti-theft Discount - Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
  • Homeowners Pay Less - Being a homeowner may trigger a car insurance policy discount due to the fact that maintaining a home shows financial diligence.
  • Use Seat Belts - Using a seat belt and requiring all passengers to use a seat belt can save up to 15% off your PIP or medical payments premium.
  • Accident Free - Claim-free drivers pay much less compared to drivers who are more careless.
  • E-sign - Certain companies will give a small break for buying a policy and signing up on their website.

Drivers should understand that most credits do not apply to the entire cost. A few only apply to individual premiums such as medical payments or collision. Just because you may think all the discounts add up to a free policy, companies wouldn't make money that way. But all discounts will cut the amount you have to pay.

Michigan car insurance

Save $429 a year? Really?

Companies like State Farm and Allstate continually stream television and radio advertisements. All the ads say the same thing that you'll save big after switching to them. How do they all make the same claim?

All companies can use profiling for the type of driver that earns them a profit. For instance, a preferred risk could be between 30 and 50, is a homeowner, and drives newer vehicles. Any new insured who fits that profile receives the best rates and is almost guaranteed to cut their rates substantially.

Consumers who don't qualify for the "perfect" profile will be charged higher prices which usually ends up with business going elsewhere. Company advertisements say "customers that switch" but not "drivers who get quotes" save money. That's why companies can claim big savings.

That is why drivers should get quotes from several different companies. It's just too difficult to predict the company that will give you the biggest savings.

Learn more today

Much more information about car insurance in Michigan is located on the website for the Michigan Office of Financial and Insurance Regulation located here. Consumers can find out industry alerts, read industry bulletins, read enforcement actions against agents and companies, and report car insurance fraud.

Final considerations

You just learned a lot of tips how to reduce car insurance prices online. The most important thing to understand is the more you quote, the higher the chance of saving money. Consumers could even find that the best prices are with a small local company. Regional companies may only write in your state and offer lower rates compared to the large companies like .

When trying to cut insurance costs, never skimp on coverage in order to save money. There have been many cases where an accident victim reduced collision coverage and learned later that it was a big mistake. Your goal should be to buy enough coverage at a price you can afford, not the least amount of coverage.