Proven Ways to Save on Wells Auto Insurance

Tired of paying out the nose each month for car insurance? You're in the same situation as millions of other consumers.

Having so many choices of insurance companies, it's nearly impossible to choose the most cost effective insurance company.

It's important to check auto insurance prices before your policy renews because prices are constantly changing. Just because you found the best rates last year you may be paying too much now. There is a lot of wrong information about auto insurance on the web, but we're going to give you some great ways to slash your auto insurance rates.

Comparison of Auto Insurance in Wells

Most major insurance companies provide prices for coverage directly from their websites. This process is fairly straightforward as you simply enter as detailed in the form. Behind the scenes, the company's rating system will obtain credit information and your driving record and returns a price based on these factors. This makes comparing rates easy, but having to visit many different websites and complete many quote forms is repetitive and time-consuming. But it's very important to perform this step if you want to find better auto insurance pricing.

A less time-consuming method to lower your auto insurance bill uses one form that analyzes rates from several different companies. The form is fast, eliminates form submissions, and makes quoting online a little more enjoyable. After sending your information, it gets priced with multiple companies and you can pick any or none of the returned quotes. If a lower price is quoted, it's easy to complete the application and purchase the new policy. The whole process can be completed in less than 10 minutes and you'll know if lower rates are available.

To find out what other companies charge, click here to open in new window and enter your information. If you have your current policy handy, we recommend that you enter the limits and deductibles identical to your current policy. This way, you will receive a fair comparison based on similar coverages.

What determines how much you pay?

It's important that you understand some of the elements that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively impacts premium levels allows you to make educated decisions that can help you get better auto insurance rates.

Shown below are some of the items companies use to determine your rates.

Better credit means lower rates - Your credit score is a important factor in your rate calculation. Drivers with high credit scores tend to file fewer claims and have better driving records than those with lower credit ratings. If your credit history is low, you could be paying less to insure your by improving your rating.
Do you work long hours in a high stress job? - Occupations like real estate brokers, architects and stock brokers tend to pay the highest rates because of high stress levels and long work hours. On the other hand, occupations such as farmers, students and retirees have the lowest average rates.
Bump up deductibles to save - Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Examples of covered claims could be a windshield shattered by a rock, collision with an animal, and rolling your vehicle. Your deductibles are the amount of money you are willing to pay out-of-pocket in the event of a claim. The more expense you're willing to pay, the less your company will charge you for insurance.
Careful drivers pay lower rates - Your driving record has a big impact on rates. Even a single ticket can increase rates by as much as thirty percent. Good drivers have lower premiums than their less careful counterparts. Drivers who get dangerous violations such as DWI, reckless driving or hit and run convictions may be required to submit a SR-22 form with their state DMV in order to prevent a license revocation.
Extra coverages can waste money - There are quite a few extra bells and whistles you can purchase on your auto insurance policy. Things like rental car reimbursement, better glass coverage and motor club memberships are examples of these. These may sound like a good investment when you first buy your policy, but if you don't need them remove them from your policy.
Your spouse saves you money - Getting married helps lower the price when buying auto insurance. Marriage is viewed as being more responsible and it's proven that drivers who are married are more cautious.
Males pay more for insurance - The statistics show women tend to be less risk to insure than men. Now that doesn't mean women are better drivers. Men and women are in accidents at a similar rate, but men tend to have more serious accidents. Men also get cited for more serious violations such as DWI and reckless driving.
Small claims can cost you - Insurance companies in Vermont provide discounts to insureds who file claims infrequently. If you are a frequent claim filer, you can definitely plan on either policy cancellation or increased premiums. Car insurance is designed for major claims that would cause financial hardship.

These discounts can lower your rates

Companies offering auto insurance do not list every available discount very well, so the following is a list of both well-publicized as well as the least known auto insurance savings.

Passive Restraint Discount - Vehicles with factory air bags can receive discounts of 20% or more.
Accident Free - Claim-free drivers pay less compared to frequent claim filers.
Homeowners Pay Less - Being a homeowner may trigger a auto insurance policy discount because maintaining a house demonstrates responsibility.
Good Students Pay Less - Getting good grades can save 20 to 25%. The good student discount can last up until you turn 25.
Low Mileage - Low mileage vehicles could qualify for lower rates on the low mileage vehicles.
One Accident Forgiven - Some insurance companies will forgive one accident without raising rates if you are claim-free for a certain period of time.

As a disclaimer on discounts, most credits do not apply to the entire cost. Some only reduce individual premiums such as medical payments or collision. So even though they make it sound like you could get a free auto insurance policy, auto insurance companies aren't that generous.

For a list of providers with discount auto insurance rates in Vermont, follow this link.

Even more information can be read at the Vermont Department of Financial Regulation website. Vermont consumers can find out industry alerts, read industry bulletins, report car insurance fraud, and file complaints about a company.

Other useful links include NAIC.org's Understanding your Policy and this directory of Wells insurance agents.

Do the work, save more money

You just read a lot of tips how to lower your auto insurance rates. It's most important to understand that the more you quote, the better your chances of lowering your rates. You may even discover the lowest rates come from a small local company. Smaller companies may have significantly lower rates on certain market segments than the large multi-state companies such as .

Cheap auto insurance can be sourced online and with local Wells insurance agents, and you should compare price quotes from both to have the best rate selection. There are still a few companies who do not offer online quoting and many times these small insurance companies only sell through independent insurance agents.