Tightwads Guide to Saving on New Leipzig Auto Insurance

Have you had enough of paying out the nose each month for car insurance? You're in the same situation as many other drivers in North Dakota.

Because you have many auto insurance companies to choose from, it's nearly impossible to find the lowest price car insurance company.

It's important to do rate comparisons before your policy renews since insurance rates are constantly changing. Even if you think you had the lowest rates on your last policy you can probably find a better price now. So just forget all the misinformation about auto insurance because it's time to teach you the tricks you need to know to remove unneeded coverages and save money.

This information will let you in on how to get online quotes and some money-saving tips. If you currently have a car insurance policy, you stand a good chance to be able to lower your premiums substantially using this information. But North Dakota vehicle owners do need to know how companies market insurance on the web and use this information to your advantage.

Why some people pay less for insurance in New Leipzig

Consumers need to have an understanding of some of the elements that play a part in calculating auto insurance rates. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that can help you get much lower annual insurance costs.

Shown below are a few of the "ingredients" companies use to determine your rates.

Your credit rating is important - Your credit score is a huge factor in your rate calculation. Drivers with high credit scores tend to file fewer claims and have better driving records than drivers with lower credit scores. If your credit is low, you could save money insuring your by improving your rating.
Your stress level may be raising your rates - Occupations like lawyers, architects and stock brokers tend to pay the highest rates in part from stressful work requirements and long work days. On the other hand, occupations like farmers, students and retirees have the lowest average rates.
Don't buy coverages you don't need - There are quite a few extra bells and whistles you can purchase if you aren't careful. Things like vanishing deductibles, better glass coverage and motor club memberships are examples of these. They may seem like a good idea when talking to your agent, but if you don't need them remove them from your policy.
More than one policy can earn a discount - Some companies give discounts to people who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, it's in your best interest to comparison shop to make sure you are getting the best deal. Drivers may still find better rates by buying insurance from more than one company.
Keep rates low by being claim-free - Insurance companies in North Dakota provide discounts to people who file claims infrequently. If you file claims often, you can expect either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for major claims that would cause financial hardship.
High crash test scores lower rates - Vehicles with high crash test scores are cheaper to insure. Safer cars result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates.
Lower miles equals lower premium - The higher the mileage driven every year the higher your rates will be. Most companies price each vehicle's coverage based on how the vehicle is used. Vehicles used primarily for pleasure use qualify for better rates compared to those used for work or business. Double check that your auto insurance declarations sheet properly reflects the correct usage for each vehicle.
Marriage pays dividends - Having a spouse helps lower the price when buying auto insurance. Marriage is viewed as being more mature than a single person it has been statistically shown that drivers who are married are more cautious.

Be sure to get all your discounts

Car insurance can cost a lot, but you may find discounts to help bring down the price. Some trigger automatically when you quote, but lesser-known reductions have to be inquired about prior to getting the savings.

Passive Restraints and Air Bags - Vehicles with factory air bags can receive discounts of more than 20%.
Accident Free - Claim-free drivers can save substantially compared to accident-prone drivers.
Safety Course Discount - Successfully completing a course teaching defensive driving skills could save 5% or more if your company offers it.
Multi-policy Discount - If you insure your home and vehicles with one company you will save at least 10% off all policies.
Employee of Federal Government - Employees or retirees of the government could cut as much as 10% off with certain companies.
Low Mileage - Low mileage vehicles can earn lower rates on the low mileage vehicles.
Driver's Ed - Cut your cost by having your teen driver take driver's ed class if offered at their school.
Discount for Life Insurance - Select insurance companies reward you with a break if you buy life insurance.
E-sign - A few companies give back up to $50 for buying a policy and signing up online.
Theft Prevention Discount - Anti-theft and alarm systems are stolen less frequently and therefore earn up to a 10% discount.

Drivers should understand that most of the big mark downs will not be given to the entire cost. Most cut the price of certain insurance coverages like medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, companies wouldn't make money that way. But all discounts will help reduce the amount you have to pay.

To choose providers with discount auto insurance rates in North Dakota, follow this link.

Is there truth in advertising?

Companies like State Farm and Allstate consistently run television and radio advertisements. All the ads say the same thing that you'll save big if you change to them. But how can every company say the same thing? This is how they do it.

Insurance companies can use profiling for the type of driver that makes them money. For example, a preferred risk might be profiled as between 25 and 40, is a homeowner, and has great credit. A propective insured who fits that profile gets the lowest rates and is almost guaranteed to save a lot of money.

Potential customers who don't measure up to this ideal profile will be charged a higher premium which usually ends up with business not being written. The ads say "drivers who switch" but not "drivers who get quotes" save money. That's why companies can advertise the savings.

That is why you should get quotes from several different companies. It's not possible to predict the company that will fit your personal profile best.

Learn more today

Much more information about auto insurance in North Dakota can be found on the website for the North Dakota Insurance Department. Click here for link. North Dakota drivers can find out industry alerts, read industry bulletins, discover disciplinary actions, and read consumer alerts.

Other informative sites include NAIC.org's Understanding your Policy and this directory of New Leipzig insurance agents.

Shop smart and save

Throughout this article, we presented many ways to save on auto insurance. It's most important to understand that the more you quote, the better chance you'll have of finding lower rates. You may be surprised to find that the most savings is with a smaller regional carrier. Some small companies may only write in your state and offer lower rates compared to the large companies like .

Budget-conscious auto insurance is attainable on the web and with local New Leipzig insurance agents, so you should compare both to have the best rate selection. There are still a few companies who do not offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.