Comparing Cheaper Louisville Car Insurance

Are you tired of trying to scrape together enough money each month for car insurance? You are no different than many other drivers in Colorado. Lots of contend for your hard-earned dollar, so it's not easy to compare every and get the definite lowest rate

If you have a current car insurance policy or need a new policy, you will benefit by learning to get lower rates while maintaining coverages. Finding affordable coverage in Louisville is quite easy. Colorado drivers only need an understanding of how to compare rates over the internet.

Why some people pay less for insurance in Louisville

Consumers need to have an understanding of the rating factors that help determine the rates you pay for car insurance. Understanding what determines base rates allows you to make educated decisions that could result in big savings.

The following are some of the items companies use to determine premiums.

Drive a safer car and pay less - Vehicles with good safety scores tend to have better insurance rates. Safe vehicles result in less severe injuries and any reduction in injury severity translates into fewer and smaller insurance claims and lower rates for you.
Theft deterrents lower rates - Driving a car with a theft deterrent system can save you a little every year. Theft prevention features like GM's OnStar, tamper alarm systems and vehicle immobilizers all hinder your vehicle from being stolen.
Where do you drive? - Driving more miles every year the more you'll pay to insure your vehicle. Most companies charge to insure your cars determined by how the vehicle is used. Autos not used for work or commuting get more affordable rates compared to those used for work or business. Ask your agent if your car insurance coverage is showing the proper vehicle usage.
Do you need those extra coverages? - There are a ton of extra bells and whistles that you can get tricked into buying when buying car insurance. Coverages like vanishing deductibles, accidental death and motor club memberships may be wasting your money. They may seem good initially, but if you don't need them get rid of them and save.
With age comes lower rates - Mature drivers are more responsible, file fewer claims and are safer drivers. Youthful drivers are known to get distracted easily in a vehicle therefore car insurance rates are much higher.
One company can mean more discounts - Many car insurance companies will award you with lower prices to insureds who have multiple policies with them. It's known as a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. If you currently are using one company, it's still a good idea to comparison shop to make sure you are getting the best deal. You may still find better rates by buying car insurance from a different company.
Protect yourself with liability coverage - Liability coverage will protect you if you are found liable for damages from an accident. It provides you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should carry high limits.

Policy discounts you shouldn't miss

Companies don't always publicize all available discounts in an easy-to-find place, so the following is a list of both the well known and also the lesser-known ways to save on car insurance. If they aren't giving you every credit available, you are paying more than you should be.

Fewer Miles Equal More Savings - Fewer annual miles could qualify for better rates on cars that stay parked.
Payment Method - If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.
Auto/Life Discount - Larger companies have lower rates if you buy auto and life insurance together.
Driver Safety - Taking part in a defensive driving course could save 5% or more if your company offers it.
Student in College - Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.
Braking Control Discount - Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.
Senior Citizens - If you're over the age of 55, you may be able to get reduced rates.

It's important to understand that most discount credits are not given to the entire cost. Most only reduce specific coverage prices like liability and collision coverage. So even though it sounds like all those discounts means the company will pay you, it doesn't quite work that way.

To choose insurers who offer car insurance discounts in Louisville, click this link.

Save $429 a year? Really?

Consumers in Colorado can't ignore all the ads for the lowest price auto insurance by companies like 21st Century, Allstate and State Farm. All the companies make the same claim of big savings after switching to them.

How do they all claim to save you money? It's all in the numbers.

All the different companies can use profiling for the type of driver that makes them money. A good example of a profitable customer might be over the age of 40, has no tickets, and drives less than 10,000 miles a year. Any driver who matches those parameters will get the preferred rates and is almost guaranteed to cut their rates substantially.

Drivers who don't qualify for the "perfect" profile must pay higher premiums which leads to the customer not buying. The ads state "customers who switch" but not "drivers who get quotes" save money. That's why insurance companies can confidently advertise the way they do. This illustrates why you should compare many company's rates. You cannot predict the company that will provide you with the cheapest rates.

More Colorado car insurance information

More tips and info about car insurance can be read at the Colorado DORA Division of Insurance website. Visitors are able to find disaster information, view a list of available companies, file complaints about an insurance agent or broker, and discover disciplinary actions.

A tidy conclusion

Low-cost car insurance can be purchased both online and with local Louisville insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some car insurance companies do not offer online price quotes and usually these small insurance companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, you should never buy poor coverage just to save money. There are a lot of situations where an insured dropped collision coverage and discovered at claim time that the savings was not a smart move. The proper strategy is to get the best coverage possible at the best price while not skimping on critical coverages.