How to Know You're Wasting Money for Auto Insurance in Lake Providence

Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Trust us, you're not alone.

Because you have many choices of insurance companies, it is very difficult to locate the lowest price company.

It's important to get comparison quotes every six months since insurance rates are constantly changing. Even if you think you had the lowest price a few years ago you will most likely find a better rate today. You can find a lot of misleading information regarding auto insurance on the web, but I'm going to show you some great ways to put money back in your pocket.

These discounts can lower your rates

The cost of insuring your cars can be expensive, but companies offer discounts to help bring down the price. Larger premium reductions will be automatically applied when you get a quote, but a few must be manually applied before you will receive the discount.

Senior Discount - If you qualify as a senior citizen, you may receive a discount up to 10%.
Clubs and Organizations - Affiliation with a professional or civic organization could qualify you for a break on auto insurance.
Safety Course Discount - Completing a course teaching defensive driving skills could possibly earn you a 5% discount if you qualify.
Anti-theft Discount - Anti-theft and alarm systems are stolen less frequently and earn discounts up to 10%.
Driver's Ed - Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
No Claims - Drivers with accident-free driving histories pay much less as compared to drivers who are more careless.

A little note about advertised discounts, most credits do not apply to all coverage premiums. A few only apply to specific coverage prices like liability, collision or medical payments. Even though it may seem like you can get free auto insurance, you won't be that lucky. Any amount of discount will help reduce the cost of coverage.

Are you falling for claims of savings?

Auto insurance companies such as Progressive, GEICO, Allstate and State Farm consistently run ads on television and other media. They all seem to say the same thing about savings if you change your policy. But how can every company say the same thing? It's all in the numbers.

All companies are able to cherry pick for the right customer that earns them a profit. For instance, a desirable insured might be profiled as a mature driver, has no driving citations, and drives less than 7,500 miles a year. A propective insured who fits that profile receives the best rates and as a result will probably save a lot of money.

Drivers who are not a match for this ideal profile will have to pay higher premiums which usually ends up with business not being written. Company advertisements say "customers who switch" not "everybody who quotes" save that kind of money. That's the way companies can truthfully advertise the way they do.

Because of the profiling, you should get a wide range of price quotes. It's not possible to predict which auto insurance company will provide you with the cheapest rates.

Additional information is located on the website for the Louisiana Department of Insurance found here. Louisiana drivers can read enforcement actions against agents and companies, find out which companies have the most complaints, discover disciplinary actions, and read consumer alerts.

Also read more on this Car Insurance FAQ and this page of insurance agents in Lake Providence.

Affordable insurance is out there

When shopping online for auto insurance, do not buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy enough coverage at the best price.

Cheaper auto insurance is attainable on the web in addition to many Lake Providence insurance agents, and you need to price shop both to have the best chance of lowering rates. Some auto insurance companies do not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.