7 Tricks Proven to Save on Car Insurance Costs in Monterey Park, CA

Are you tired of not being able to afford each month for car insurance? You are no different than the majority of other car owners in California.

Multiple compete for your business, so it's not easy to compare every to get the lowest rate

More discounts equal less premium

Properly insuring your vehicles can get expensive, buy you may qualify for discounts that can drop the cost substantially. Certain discounts will be applied at the time of quoting, but some must be asked for before you will receive the discount.

  • Seat Belts Save more than Lives - Buckling up and requiring all passengers to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • No Claims - Claim-free drivers can earn big discounts when compared to accident-prone drivers.
  • Save with a New Car - Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.
  • Pay Upfront and Save - If paying your policy premium upfront instead of making monthly payments you could save 5% or more.
  • Paperwork-free - Certain companies may give you up to $50 for buying your policy on their website.
  • Low Mileage Discounts - Keeping the miles down can qualify you for better rates on cars that stay parked.
  • Auto/Life Discount - Companies who offer life insurance give lower rates if you buy a life insurance policy as well.

As a disclaimer on discounts, most discount credits are not given to the entire cost. Most cut individual premiums such as comp or med pay. So despite the fact that it appears it's possible to get free car insurance, car insurance companies aren't that generous. Any amount of discount will cut your premiums.

To choose insurance companies with the best car insurance discounts in Monterey Park, click this link.

Switch companies and save? Really?

Car insurance providers like Progressive, Allstate and GEICO regularly use ads in print and on television. They all make the same claim about savings if you move your policy. How do they all claim to save you money?

All companies can use profiling for the right customer that makes them money. An example of a driver they prefer might be between the ages of 30 and 50, is a homeowner, and has great credit. Any new insured who matches those parameters gets the lowest rates and therefore will cut their rates substantially.

Potential insureds who do not match the "perfect" profile will be quoted more money which leads to the customer not buying. The ads say "customers that switch" not "everyone that quotes" save that kind of money. That's why companies can truthfully advertise the savings.

This emphasizes why you should get a wide range of price quotes. It's just too difficult to predict the company that will give you the biggest savings.

Additional information is available on the website for the California Department of Insurance located here. Visitors are able to find a variety of consumer forms, read industry bulletins, file complaints about an insurance agent or broker, and view a list of available companies.

Final considerations

Cheap car insurance is definitely available both online in addition to many Monterey Park insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who do not provide online price quotes and these smaller companies work with independent agents.

As you prepare to switch companies, you should never buy poor coverage just to save money. There are too many instances where an accident victim reduced liability limits or collision coverage only to find out that the small savings ended up costing them much more. Your strategy should be to purchase plenty of coverage at a price you can afford while still protecting your assets.