How to Know You're Paying Too Much for Auto Insurance in Owosso

Nobody I know likes paying for auto insurance, especially knowing the cost is way too high.

Numerous battle for your business, and it can be difficult to compare rates to find the absolute lowest rate

If you have car insurance now, you will be able to lower your premiums substantially using this strategy. Finding the best rates in Owosso is quite easy. Nevertheless, Michigan vehicle owners do need to know the way insurance companies sell online and apply this information to your search.

What determines how much you pay?

Consumers need to have an understanding of the factors that help determine auto insurance rates. Understanding what determines base rates allows you to make educated decisions that could result in lower auto insurance prices.

  • What are your deductibles? - The deductibles represent how much money you are required to spend before a claim is paid by your company. Coverage for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Examples of covered claims are colliding with a building, damage caused by hail, and rolling your vehicle. The higher the amount you're willing to pay, the lower your rates will be.
  • A clean driving record saves money - Only having one moving violation can increase rates twenty percent or more. Good drivers have lower premiums compared to drivers with tickets. Drivers with flagrant tickets like DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with the DMV in their state in order to keep their license.
  • Having a spouse can save you money - Having a spouse can get you a discount on auto insurance. Having a spouse is viewed as being more mature and responsible and it's proven that married couples file fewer claims.
  • Safe vehicles cost less to insure - Cars with high safety ratings get lower rates. Safe vehicles result in less severe injuries and better occupant protection means less money paid by your insurance company and lower rates for you.

Vehicle Insurance Comparison

All major auto insurance companies such as Allstate, GEICO and Progressive quote prices for coverage online. Getting online quotes is fairly straightforward as you just enter your personal and coverage information as detailed in the form. After the form is submitted, their system will obtain your driving and credit reports and generates pricing information determined by many factors. Online price quotes makes comparing rates easy, but the time it takes to visit a lot of sites and complete many quote forms can be a bit repetitive. But it's very important to do this if you are searching for the best price on auto insurance.

There is an easier way!

The preferred way to compare rates requires only one form to get prices from several different companies. The form is fast, eliminates repetitive work, and makes online quotes much more enjoyable and efficient. As soon as the form is sent, it is quoted and you can select any of the resulting price quotes. If a lower price is quoted, you simply finish the application and purchase coverage. It takes 15 minutes at the most and can result in significant savings.

To quickly find out if lower rates are available, click here to open in new window and fill out the form. If you currently have coverage, we recommend you replicate the coverages exactly as they are listed on your policy. This makes sure you will have a fair comparison for the exact same coverage.

Are you getting all your discounts?

Companies that sell car insurance don't necessarily list all available discounts in an easy-to-find place, so we took the time to find some of the best known as well as the least known discounts you could be receiving.

  • Homeowners Savings - Owning a home in Owosso can save you money due to the fact that maintaining a home is proof that your finances are in order.
  • Good Student - This discount can get you a discount of up to 25%. This discount can apply well after school through age 25.
  • Paperless Signup - Certain companies give back up to $50 simply for signing on their website.
  • Military Rewards - Being deployed with a military unit may qualify for rate reductions.
  • Federal Employees - Employees or retirees of the government can save as much as 8% depending on your company.
  • Passive Restraint Discount - Vehicles equipped with air bags or motorized seat belts can get savings of up to 25% or more.
  • Student Driver Training - Cut your cost by having your teen driver enroll in driver's education if it's offered in school.

It's important to understand that some credits don't apply to the entire policy premium. Most only cut individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, it doesn't quite work that way.

To choose insurers who offer auto insurance discounts in Owosso, click here.

How can Allstate, GEICO and Progressive save drivers who switch?

Allstate, GEICO and Progressive continually stream ads on television and other media. All the companies have a common claim of big savings after switching to them. How do they all say the same thing?

All companies have a certain "appetite" for the type of driver that makes them money. For example, a profitable customer might be profiled as a mature driver, a clean driving record, and chooses high deductibles. A propective insured that hits that "sweet spot" will qualify for the lowest rates and as a result will probably cut their rates substantially.

Potential customers who are not a match for the "perfect" profile must pay a more expensive rate and this can result in business not being written. The ad wording is "customers that switch" not "everybody who quotes" save money. That is how insurance companies can confidently state the savings. This illustrates why you need to get quotes from several different companies. It's not possible to predict which company will give you the biggest savings.

Tailor your coverage to you

When buying the right insurance coverage for your vehicles, there is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions may help highlight whether you would benefit from professional advice.

  • When do I need to add a new car to my policy?
  • Do I need to file an SR-22 for a DUI in Michigan?
  • Does my personal policy cover me when driving my company car?
  • Am I covered when delivering products for my home-based business?
  • Am I covered if I drive in a foreign country?
  • Should I drop comprehensive coverage on older vehicles?

If you can't answer these questions, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies.

More tips and info about auto insurance can be found at the Michigan Office of Financial and Insurance Regulation website. Michigan drivers can report car insurance fraud, file complaints about a company, get help finding coverage, and find disaster information.

Michigan auto insurance

Affordable insurance is out there

Low-cost auto insurance can be sourced on the web and with local Owosso insurance agents, and you need to price shop both to have the best rate selection. Some insurance companies do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

Throughout this article, we presented a lot of ways to compare auto insurance prices online. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your rates. Consumers could even find that the best price on auto insurance is with the least-expected company. These smaller insurers can often provide lower rates in certain areas than the large multi-state companies such as .