Tightwads Instructions on Saving on Lake Odessa Auto Insurance

Expensive auto insurance can empty your personal savings and put a big crunch on your finances. Shopping your coverage around is free, only takes a few minutes, and is a good way to make sure you're not throwing money away. Lots of contend for your business, and because of this it can be hard to compare and get the definite lowest price

It's important to do rate comparisons on a regular basis because insurance rates are constantly changing. Just because you found the best deal last year there is a good chance you can find better rates now. So ignore everything you know about auto insurance because you're about to learn the proper way to remove unneeded coverages and save money.

Why some people pay less for insurance in Lake Odessa

Consumers need to have an understanding of the different types of things that help determine the price you pay for auto insurance. Understanding what influences your rates allows you to make educated decisions that may reward you with lower auto insurance prices.

The following are some of the factors companies use to determine rates.

  • Pay less if you're married - Being married can get you a discount on your policy. It is viewed as being more mature and it's statistically proven that married drivers get in fewer accidents.
  • Liability insurance protects assets - Liability coverage is the protection if ever a court rules you are at fault for damages from an accident. Liability provides legal defense coverage starting from day one. This coverage is very inexpensive when compared with rates for comp and collision, so do not cut corners here.
  • Your credit rating is important - Credit history is a large factor in determining what you pay for auto insurance. If your credit history is not that good, you could save money insuring your by repairing your credit. Drivers with excellent credit tend to file fewer claims and have better driving records than those with lower credit scores.
  • The more you drive the more you pay - Driving more miles in a year's time the more you will pay for auto insurance. Most companies apply a rate based on their usage. Cars and trucks left parked in the garage can get a lower rate than vehicles that are driven to work every day. Make sure your auto insurance coverage is showing the proper vehicle usage, because it can save money.
  • Safer occupants lowers premiums - Cars with high safety ratings can get you lower premiums. These vehicles result in less severe injuries and lower injury rates translates into savings for insurance companies and lower rates for you.
  • High deductibles save money - Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims could be colliding with a building, damage caused by hail, and rolling your vehicle. Deductibles for physical damage are how much you are required to spend before a claim is paid by your company. The more money you're willing to pay, the bigger discount you will receive.

How to Lower Your Auto Insurance Cost in Lake Odessa, Michigan

All major auto insurance companies such as State Farm, GEICO and Progressive allow you to get pricing online. Getting online rates is pretty easy as you just type in the coverages you want as detailed in the form. After the form is submitted, the company's rating system will obtain credit information and your driving record and generates a price based on these and other factors. Quoting online makes comparing rates easy, but the time required to go to many different websites and complete many quote forms is not the best way to spend an afternoon. But it's very important to have as many quotes as possible in order to find better auto insurance pricing.

The preferred way to find lower prices uses one simple form that gets price quotes from several different companies. The form is fast, eliminates form submissions, and makes online shopping much simpler. Immediately after submitting the form, it is rated and you can select any of the resulting price quotes.

If the quotes result in lower rates, you can simply submit the application and buy the policy. The entire process only takes a few minutes and could lower your rates considerably.

To save time and find out what other companies charge, click here to open in new window and complete the simple form. If you have a policy now, it's recommended you enter the insurance coverages exactly as shown on your declarations page. This makes sure you will be getting rate quotes for the exact same coverage.

These discounts can lower your rates

Insuring your vehicles can cost a lot, but you may find discounts that you may not know about. Some trigger automatically when you quote, but some must be asked for prior to getting the savings. If they aren't giving you every credit you deserve, you are paying more than you should be.

  • Sign Online - Certain companies will discount your bill up to fifty bucks just for signing your application on their website.
  • Organization Discounts - Participating in certain professional organizations is a good way to get lower rates on auto insurance.
  • Anti-lock Brake System - Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
  • Life Insurance - Some companies give lower rates if you buy a life insurance policy as well.
  • Drive Less and Save - Fewer annual miles can qualify you for discounted rates on garaged vehicles.

It's important to note that most discount credits are not given to all coverage premiums. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like it's possible to get free car insurance, you're out of luck. But any discount will cut the cost of coverage.

To choose companies who offer auto insurance discounts in Lake Odessa, click here to view.

Are you falling for claims of savings?

Michigan consumers can't ignore all the ads for car insurance savings by companies like State Farm, GEICO and Progressive. They all seem to make an identical promise that you can save after switching to them.

How do they all make almost identical claims?

All companies have a preferred profile for the type of driver that makes them money. An example of a desirable insured could possibly be between 25 and 40, insures multiple vehicles, and drives newer vehicles. A driver who meets those qualifications receives the best rates and as a result will probably cut their rates substantially.

Potential customers who are not a match for the "perfect" profile will have to pay a higher premium and ends up with the driver buying from a lower-cost company. Company advertisements say "people who switch" not "everybody who quotes" save money. This is how insurance companies can claim big savings.

Because of the profiling, you need to get a wide range of price quotes. It is impossible to predict which insurance companies will give you the biggest savings.

More information is available on the website for the Michigan Office of Financial and Insurance Regulation through this link. Michigan consumers can get help finding coverage, find out which companies have the most complaints, find out industry alerts, and file complaints about an insurance agent or broker.

And the best car insurance company is...

Lower-priced auto insurance can be sourced online and with local Lake Odessa insurance agents, so you should compare both to have the best rate selection. A few companies do not offer online price quotes and most of the time these smaller companies sell through independent agents.

When trying to cut insurance costs, never reduce coverage to reduce premium. In many cases, drivers have reduced liability limits or collision coverage only to find out that it was a big mistake. Your aim should be to buy enough coverage at an affordable rate.