Tightwads Tips for Saving on Norwich Auto Insurance

Overpriced auto insurance can empty your savings account and force you to make sacrifices. Shopping your coverage around is free and is an excellent way to lower your monthly bill.

You have multiple to buy insurance from, and although it's a good thing to have a selection, having more makes it harder to compare rates.

It's important to do rate comparisons quite often because prices are constantly changing. Even if you think you had the lowest rates a few years ago the chances are good that you can find a lower rate today. So ignore everything you know about auto insurance because you're going to get a crash course in the tricks you need to know to remove unneeded coverages and save money.

These discounts can lower your rates

Companies that sell car insurance don't always advertise all their discounts very clearly, so we break down both well-publicized and also the lesser-known ways to save on auto insurance.

Auto/Life Discount - Some companies give a discount if you purchase auto and life insurance together.
Save over 55 - Mature drivers may receive reduced rates.
Drive Less and Save - Low mileage vehicles can earn better rates on cars that stay parked.
Sign Online - A handful of insurance companies will discount your bill up to fifty bucks just for signing your application over the internet.
Multiple Cars - Buying coverage for all your vehicles on the same auto insurance policy can get a discount on all vehicles.

Keep in mind that many deductions do not apply to the overall cost of the policy. Some only apply to specific coverage prices like collision or personal injury protection. So even though they make it sound like all those discounts means the company will pay you, it just doesn't work that way.

To see a list of companies with discount auto insurance rates in Vermont, click this link.

Free Norwich Auto Insurance Quotes

Most companies like GEICO, State Farm and Progressive allow you to get pricing on the web. This process is pretty easy as you just type in your coverage information as detailed in the form. Once you submit the form, the company's rating system will obtain credit information and your driving record and returns pricing information. Quoting online makes comparing rates easy, but the time it takes to visit multiple sites and type in the same information can be a bit repetitive. But it's very important to do this in order to find better auto insurance pricing.

There is a better way!

The preferred way to locate the lowest prices uses one form that obtains quotes from several different companies. The form is fast, eliminates form submissions, and makes online quotes much more efficient. As soon as you send your information, it is rated with multiple companies and you can pick any one of the price quotes you receive. If you find a better price you simply finish the application and buy the policy. The entire process takes less than 15 minutes and may save quite a bit of money.

To find out what other companies charge, click here to open in new window and complete the simple form. To compare your current rates, we recommend you complete the form with the limits and deductibles as shown on your current policy. This makes sure you will have a rate comparison based on the exact same insurance coverage.

Why some people pay less for insurance in Norwich

An important part of buying insurance is that you know the rating factors that play a part in calculating the price you pay for auto insurance. Knowing what influences your rates allows you to make educated decisions that may reward you with big savings.

Where you live - Residing in less populated areas can be a good thing when insuring your vehicles. Drivers in populated areas have much more traffic and longer commute times. Fewer people means fewer accidents.
Men are more aggressive - Statistics have proven that women are safer drivers than men. Now that doesn't mean women are better drivers. They both are in accidents in similar percentages, but the males tend to have more serious accidents. They also have more aggressive citations such as DWI and reckless driving.
Don't buy coverages you don't need - There are quite a few add-on coverages that you can buy on your auto insurance policy. Coverages for rental car reimbursement, towing coverage and motor club memberships may be wasting your money. These coverages may sound good initially, but if you don't need them eliminate them to save money.
Being married can save on auto insurance - Having a spouse helps lower the price on your auto insurance policy. It is viewed as being more mature and statistics show married drivers get in fewer accidents.
Increase deductibles and save - Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims could be collision with another vehicle, vandalism, and rolling your vehicle. Physical damage deductibles are how much you are willing to pay out-of-pocket if you file a covered claim. The higher the amount you're willing to pay, the bigger discount you will receive.

Different people need different coverages

When choosing adequate coverage for your personal vehicles, there isn't really a cookie cutter policy. Every situation is different so this has to be addressed. For instance, these questions may help you determine whether you would benefit from professional advice.

When does my teenage driver need to be added to my policy?
Should I buy additional glass protection?
Is my vehicle covered for flood damage?
Does my liability insurance cover pulling a trailer or camper?
Am I covered when driving on a suspended license?
Am I covered when renting a car or should I buy coverage from the car rental agency?
Is rental equipment covered for theft or damage?
Does my policy cover me when driving someone else's vehicle?

If it's difficult to answer those questions but you think they might apply to your situation, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Are you falling for claims of savings?

Auto insurance companies such as GEICO, State Farm and Progressive consistently run ads on television and other media. They all seem to make the same claim that you can save if you change to them. How does each company make almost identical claims? It's all in the numbers.

All the different companies have a preferred profile for the type of driver that is profitable for them. For example, a desirable insured could possibly be a mature driver, insures multiple vehicles, and drives less than 7,500 miles a year. A customer getting a price quote who matches those parameters will qualify for the lowest rates and as a result will probably save when switching.

Potential customers who are not a match for these standards will have to pay a higher premium which leads to the driver buying from a lower-cost company. The ad wording is "customers who switch" not "everybody who quotes" save money. This is how insurance companies can advertise the way they do. Because of the profiling, drivers must get quotes from several different companies. It's impossible to know which insurance companies will provide you with the cheapest rates.

Affordable insurance is out there

When shopping online for auto insurance, never reduce coverage to reduce premium. In many instances, drivers have reduced uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible at the best price.

Affordable auto insurance is attainable online and with local Norwich insurance agents, and you need to price shop both to have the best rate selection. Some auto insurance companies do not offer the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

More sites with auto insurance information

Additional detailed information can be found at the Vermont Department of Financial Regulation website. Vermont consumers can view agent and company licensing information, learn about insurance regulations, discover disciplinary actions, and get help finding coverage.