Tightwads Guide for Saving on Peck Auto Insurance

Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Trust us when we tell you you are not the only one feeling buyer's remorse.

Big companies like GEICO and Progressive all claim big savings with fancy advertisements and consumers find it hard to sift through the bull and effectively compare rates to find the best deal.

If you have car insurance now, you should be able to lower your premiums substantially using these techniques. Choosing the best insurance company for you in Peck is not that difficult. Although Michigan vehicle owners do need to know how big insurance companies price online insurance and use this information to your advantage.

Don't pay full price with these discounts

Insuring your fleet can be pricey, buy you may qualify for discounts that many people don't even know exist. A few discounts will automatically apply at quote time, but lesser-known reductions have to be manually applied in order for you to get them.

  • Payment Discounts - If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Multi-car Discount - Having more than one vehicle on one policy may reduce the rate for each vehicle.
  • Multiple Policy Discount - If you have multiple policies with the same insurance company you may save up to 20% off your total premium.
  • Claim Free - Drivers with accident-free driving histories can save substantially when compared to drivers who are more careless.
  • Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class in school.
  • Low Mileage Discounts - Driving fewer miles can earn better rates on cars that stay parked.
  • Auto/Life Discount - Companies who offer life insurance give better rates if you take out a life insurance policy as well.

A little note about advertised discounts, many deductions do not apply to all coverage premiums. Some only apply to individual premiums such as liability and collision coverage. Just because it seems like you can get free auto insurance, you won't be that lucky. Any amount of discount will reduce your premiums.

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The auto insurance bait and switch

Auto insurance providers like State Farm, Allstate and GEICO constantly bombard you with ads in print and on television. They all make the same claim about savings if you switch your coverage to them. How can each company say the same thing?

All companies are able to cherry pick for the type of customer that earns them a profit. For example, a driver they prefer might be profiled as between 30 and 50, has no driving citations, and has a short commute. A propective insured who matches those parameters will qualify for the lowest rates and therefore will save when they switch companies.

Potential insureds who don't measure up to the requirements will be quoted more money which leads to business not being written. The ad wording is "customers that switch" not "everyone that quotes" save that much money. That's the way companies can truthfully make the claims of big savings.

This emphasizes why you should compare many company's rates. It's not possible to predict which auto insurance company will fit your personal profile best.

Additional information can be found on the website for the Michigan Office of Financial and Insurance Regulation located here. Michigan drivers can view a list of available companies, report car insurance fraud, read consumer alerts, and read industry bulletins.

Do the work, save more money

The cheapest auto insurance can be found on the web as well as from independent agents in Peck, so compare prices from both in order to have the best chance of saving money. Some insurance providers don't offer you the ability to get quotes online and these regional insurance providers work with independent agents.

As you shop your coverage around, it's a bad idea to buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to get the best coverage possible at a price you can afford while still protecting your assets.