5 Discounts Lamar Consumers Forget when Shopping for Car Insurance
Finding lower rates for Lamar car insurance is difficult for consumers not familiar with buying insurance online. People have so many companies to choose from that it can turn into more work than you anticipated to compare prices in Lamar.
It's important to compare rates once or twice a year since rates are constantly changing. If you had the best deal six months 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 only way to properly buy coverages and cut your premium.
Buying affordable car insurance coverage in Lamar is simple if you know the tricks. In a nutshell, every vehicle owner who has to buy car insurance should be able to reduce their rates. Nevertheless, Colorado consumers do need to know the way insurance companies determine prices and take advantage of how the system works.
Be sure to get all your discounts
The price of auto insurance can be rather high, but there could be available discounts to help offset the cost. Larger premium reductions will be automatically applied when you quote, but lesser-known reductions have to be requested specifically before you get the savings.
- Save with a New Car - Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
- Drivers Education - Cut your cost by having your teen driver complete a driver education course in high school.
- Pay Upfront and Save - If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
- Auto/Life Discount - Larger companies have a discount if you purchase life insurance.
- Employee of Federal Government - Employees or retirees of the government could cut as much as 10% off with select insurance companies.
Consumers should know that many deductions do not apply to the entire cost. Most only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, companies don't profit that way. Any qualifying discounts will bring down the amount you have to pay.
To choose companies with the best car insurance discounts in Colorado, click this link.
Is there truth in advertising?
Car insurance companies such as GEICO, State Farm and Progressive regularly use television and radio advertisements. They all seem to make the same claim of big savings if you move to their company. How does each company claim to save you money?
Insurance companies can use profiling for the driver that makes them money. An example of a desirable insured might be a mature driver, has no tickets, and has a high credit rating. Any new insured who matches those parameters will get the preferred rates and is almost guaranteed to save when switching.
Drivers who don't measure up to these standards will have to pay a higher premium which leads to the customer not buying. The ads state "customers that switch" but not "drivers who get quotes" save that much. That's why insurance companies can confidently state the savings.
Because of the profiling, you should get a wide range of price quotes. It's just too difficult to predict the company that will have the lowest rates.
More Colorado car insurance information
Additional car insurance information is available on the Colorado DORA Division of Insurance website located here. Visitors are able to file complaints about an insurance agent or broker, download brochures, and view a list of available companies.
Other informative sites include Auto Insurance 101 and this page where you can research Lamar insurance agents.
Shop smart and save
As you restructure your insurance plan, make sure you don't buy poor coverage just to save money. In many instances, an insured dropped comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. The ultimate goal is to get the best coverage possible at a price you can afford.
Insureds who switch companies do it for a number of reasons such as delays in paying claims, extreme rates for teen drivers, unfair underwriting practices or even poor customer service. Regardless of your reason, choosing a new insurance company is easier than you think.
We just covered many ideas to save on car insurance. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. You may even discover the best price on car insurance is with a small local company.
