Proven Ways to Save on Newport Auto Insurance

Have you had enough of robbing Peter to pay Paul each month for car insurance? You are in the same boat as many other Vermont drivers.

Big companies like GEICO and Progressive increase brand awareness with fancy advertisements and consumers find it hard to sift through the bull and do the work needed to find the best deal.

It's important to compare prices before your policy renews because prices are constantly changing. Even if you think you had the lowest price a few years ago you will most likely find a better rate today. You'll find quite a bit of inaccurate information about auto insurance on the internet, so we're going to give you some great ways to put money back in your pocket.

If you currently have a car insurance policy, you stand a good chance to be able to cut costs considerably using this information. Finding affordable coverage in Newport is quite easy. Nevertheless, Vermont drivers do need to know how big insurance companies market insurance on the web because it can help you find the best coverage.

How much can you save with discounts?

Companies don't list every available discount in a way that's easy to find, so we researched both well-publicized as well as the least known auto insurance savings.

Multi-policy Discount - If you have multiple policies with one company you will save at least 10% off all policies.
Claim Free - Claim-free drivers pay much less compared to drivers who are more careless.
Lower Rates for Military - Having a deployed family member could be rewarded with lower premiums.
Clubs and Organizations - Participating in a civic or occupational organization could qualify you for a break on your policy.
Homeowners Pay Less - Being a homeowner may trigger a auto insurance policy discount because maintaining a house shows financial diligence.
Save over 55 - If you qualify as a senior citizen, you may receive a small decrease in premiums.
Multiple Cars - Buying insurance for all your vehicles on one policy may reduce the rate for each vehicle.

It's important to understand that most credits do not apply to the entire cost. Most only cut individual premiums such as comprehensive or collision. So when the math indicates all the discounts add up to a free policy, it doesn't quite work that way.

Save 15 percent in 15 minutes? Is it for real?

Companies like Allstate and Progressive consistently run television and radio advertisements. All the ads say the same thing of big savings if you change your coverage to them. How can each company make almost identical claims?

Insurance companies can use profiling for the type of customer that earns them a profit. For instance, a preferred risk could possibly be between 30 and 50, is a homeowner, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile will qualify for the lowest rates and is almost guaranteed to save when they switch companies.

Potential insureds who don't meet the requirements will be charged more money which usually ends up with the driver buying from a lower-cost company. The ad wording is "customers that switch" but not "drivers who get quotes" save that much money. That's why insurance companies can confidently advertise the way they do. That is why you should get a wide range of price quotes. It's impossible to know the company that will provide you with the cheapest rates.

Learn more today

More tips and info about auto insurance is located at the Vermont Department of Financial Regulation website. Vermont consumers can read consumer alerts, read industry bulletins, find disaster information, and find out which companies have the most complaints.

Shop smart and save

When shopping online for auto insurance, it's a bad idea to buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The aim is to purchase a proper amount of coverage at a price you can afford, not the least amount of coverage.

Low-cost auto insurance is attainable online as well as from independent agents in Newport, so compare prices from both in order to have the best chance of saving money. Some auto insurance companies don't offer you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.