Car Insurance in Monroe Louisiana - 5 Discounts You Might be Unaware of
Are you overwhelmed by the number of car insurance choices in Monroe? You're not the only one! You have so many options available that it can turn into a real hassle to find better rates.
Take advantage of discounts
Car insurance companies don't list every discount very clearly, so here is a list some of the more common and the harder-to-find ways to save on car insurance.
- Claim Free - Drivers with accident-free driving histories can earn big discounts when compared to accident-prone drivers.
- Defensive Driver - Completing a driver safety course could possibly earn you a 5% discount if your company offers it.
- Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
- No Charge for an Accident - Certain companies will allow you to have one accident before hitting you with a surcharge if your claims history is clear prior to the accident.
- Lower Rates for Military - Having a family member in the military could mean lower rates.
It's important to note that many deductions do not apply the the whole policy. Most only cut the price of certain insurance coverages like comp or med pay. So when the math indicates it's possible to get free car insurance, you're out of luck.
To choose insurance companies offering car insurance discounts in Louisiana, click this link.
Are car insurance companies telling the truth?
Car insurance providers like Progressive, Allstate and GEICO constantly bombard you with ads on TV and radio. They all make the same claim that you can save if you switch your coverage to them. How does each company make the same claim? This is how they do it.
All companies are able to cherry pick for the type of customer that makes them money. An example of a driver they prefer could be between the ages of 40 and 55, has no tickets, and drives less than 7,500 miles a year. Any new insured who matches those parameters will qualify for the lowest rates and most likely will save when switching.
Consumers who don't qualify for these standards will be quoted higher rates which leads to business going elsewhere. The ad wording is "drivers who switch" not "people who quote" save that much money. That's the way insurance companies can advertise the way they do. This emphasizes why you should compare as many rates as you can. It's just too difficult to predict which car insurance company will provide you with the cheapest rates.
Additional detailed information is available at the Louisiana Department of Insurance website. Consumers can read industry bulletins, discover disciplinary actions, and read consumer alerts.
Shop smart and save
Insureds switch companies for any number of reasons including high rates after DUI convictions, questionable increases in premium, policy cancellation or even denial of a claim. No matter why you want to switch, switching car insurance companies is easier than you think.
Lower-priced car insurance can be found from both online companies as well as from independent agents in Monroe, so you should be comparing quotes from both to get a complete price analysis. Some car insurance companies don't offer online price quotes and these smaller companies work with independent agents.
When shopping online for car insurance, never buy poor coverage just to save money. There are too many instances where an insured dropped comprehensive coverage or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.
