How to Get Cheap Souderton Auto Insurance

Saving money on Souderton auto insurance is challenging for consumers not familiar with comparison shopping online. People have so many choices that it can turn into more work than you anticipated to find lower rates in Souderton.

It's important to do rate comparisons before your policy renews since insurance rates are constantly changing. If you had the best rates a year ago you can probably find a better price now. There is too much inaccurate information about auto insurance online but I'm going to show you some great ways to quit paying high auto insurance rates.

Buying car insurance in Souderton is easy if you know what you're doing. If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using these methods. Pennsylvania vehicle owners just need to know the most efficient way to get comparison rates online.

Why some people pay less for insurance in Souderton

Consumers need to have an understanding of the different types of things that come into play when calculating auto insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that may reward you with much lower annual insurance costs.

The list below includes some of the items companies use to determine rates.

Bump up deductibles to save - Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Examples of covered claims are running into the backend of another car, damage from fire, and windstorm damage. Deductibles for physical damage are how much you are required to spend out-of-pocket if you file a covered claim. The more expense you're willing to pay, the less your company will charge you for insurance.
Allowing your policy to lapse raises rates - Not having insurance can get your license suspended and as a result your rates will increase for letting your coverage have a gap. Not only will you pay more, failure to provide proof of insurance may earn you a revoked license or a big fine.Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Pennsylvania motor vehicle department to get your license reinstated.
Rates may be higher depending on your occupation - Jobs such as real estate brokers, business owners and financial analysts tend to pay higher average rates in part from stressful work requirements and long work days. Conversely, professions such as farmers, engineers and the unemployed have the lowest average rates.
Men fork out a little more - The statistics show that women are safer drivers than men. However, don't assume that women are better drivers. Both sexes tend to get into accidents at a similar rate, but the males cause more damage and cost insurance companies more money. They also receive more costly citations like reckless driving and DUI.
Keep rates low by being claim-free - Car insurance companies in Pennsylvania award lower rates to people who file claims infrequently. If you tend to file frequent claims, you can definitely plan on higher rates. Your insurance policy is intended to be relied upon for major claims that would cause financial hardship.
Your credit rating is important - Credit rating is a huge factor in your rate calculation. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers with lower credit ratings. So if your credit can use some improvement, you could save money insuring your by spending a little time repairing your credit.
How many coverages with the same company - The majority of insurers will give a discount to people who carry more than one policy in the form of 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. Consumers may find better rates by buying insurance from more than one company.
Liability coverage is peace of mind - The liability section of your policy will protect you if ever a jury decides you are liable for damages from an accident. It will provide you with a defense in court which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not cut corners here.

Save big with these discounts

Car insurance companies don't always publicize all their discounts very clearly, so the following is a list of some of the best known and the harder-to-find savings tricks you should be using. If you're not getting every credit available, you are paying more than you should be.

Homeowners Pay Less - Owning a house in Souderton can help you save on auto insurance because of the fact that having a home demonstrates responsibility.
Seat Belts Save - Buckling up and requiring all passengers to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
Employee of Federal Government - Employees or retirees of the government could cut as much as 10% off with select insurance companies.
Senior Discount - If you're over the age of 55, you can possibly qualify for reduced rates.
Anti-lock Brake System - Vehicles equipped with ABS or steering control prevent accidents and earn discounts up to 10%.
Theft Prevention Discount - Cars that have factory anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
Drive Less and Save - Keeping the miles down could qualify for discounted rates on garaged vehicles.
Drivers Education - Cut your cost by having your teen driver complete a driver education course in high school.
Accident Free - Claim-free drivers pay less as compared to accident-prone drivers.

Consumers should know that most discounts do not apply to the entire cost. Most only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, companies don't profit that way.

To choose companies with the best auto insurance discounts in Pennsylvania, click here to view.

Auto insurance ads bend the truth

Pennsylvania drivers can't ignore all the ads for the lowest price auto insurance by companies like State Farm, GEICO and Progressive. They all seem to make an identical promise that you'll save big if you move to them.

How does each 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. A good example of a desirable insured might be profiled as between the ages of 30 and 50, is a homeowner, and has excellent credit. A propective insured who meets those qualifications will get the preferred rates and most likely will save when switching.

Potential customers who fall outside these standards will have to pay higher prices and ends up with business not being written. The ads state "drivers who switch" not "people who quote" save money. That's why companies can make those claims. Because of the profiling, you should get as many comparisons as possible. It's not possible to predict the company that will have the lowest rates.

Learn more today

More detailed Pennsylvania auto insurance information can be read at the Pennsylvania Insurance Department website. Pennsylvania drivers can report car insurance fraud, find a variety of consumer forms, and read industry bulletins.

Best coverage at the best price

Discount auto insurance is definitely available on the web and with local Souderton insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some companies do not offer online price quotes and most of the time these small insurance companies sell through independent agents.

People who switch companies do it for any number of reasons including an unsatisfactory settlement offer, being labeled a high risk driver, high rates after DUI convictions or even denial of a claim. Whatever your reason, switching auto insurance companies is easier than you think.

While you're price shopping online, it's very important that you do not buy poor coverage just to save money. In many cases, an accident victim reduced collision coverage and discovered at claim time they didn't purchase enough coverage. Your aim should be to get the best coverage possible for the lowest price.