How to Know You're Wasting Money for Auto Insurance in Woodlyn

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me, many Woodlyn consumers feel financially strained by their auto insurance policy.

You have so many to pick from, and even though it's nice to be able to choose, lots of choices makes it harder to compare rates.

It's important to price shop coverage every six months since insurance rates are constantly changing. Just because you found the lowest price two years ago you can probably find a better price now. Ignore everything you know about auto insurance because we're going to demonstrate the quickest way to find the best coverage while lowering your premiums.

Finding the best rates in Woodlyn is quite easy. Just about every driver who has to buy auto insurance will be able to reduce their rates. Nevertheless, Pennsylvania vehicle owners do need to know how insurance companies sell online because it can help you find the best coverage.

Learn How to Buy Auto Insurance Cheaper

Consumers need to have an understanding of the rating factors that play a part in calculating auto insurance rates. Knowing what determines base rates helps enable you to make changes that may reward you with lower auto insurance prices.

  • Lower miles equals lower premium - The higher the mileage driven in a year the more you will pay for auto insurance. The majority of insurers price each vehicle's coverage determined by how the vehicle is used. Autos left parked in the garage receive lower rates than vehicles that are driven to work every day. Make sure your auto insurance declarations sheet shows the correct usage for each vehicle, because improper ratings can cost you money.
  • Protect your assets with liability insurance - Your policy's liability coverage provides coverage if ever a jury decides you are liable for damages caused by your negligence. Liability provides legal defense starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
  • Do you know your deductibles? - Coverage for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some examples of claims that would be covered are running into the backend of another car, damage caused by hail, 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 more the insured has to pay upfront, the less your auto insurance will be.
  • Do you work long hours in a high stress job? - Jobs such as judges, executives and financial analysts are shown to have higher average rates in part from job stress and lengthy work days. Conversely, occupations such as actors, engineers and retirees pay the least.
  • Optional equipment can affect rates - Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your auto insurance. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your vehicle from being stolen.
  • High crash test scores lower rates - Cars with high safety ratings tend to have better insurance rates. These vehicles have better occupant injury protection and better occupant protection means lower claim amounts and thus lower rates.

Pennsylvania auto insurance quotes

Are you getting all your discounts?

Auto insurance companies don't always advertise all their discounts very clearly, so we researched some of the best known and the harder-to-find ways to save on auto insurance.

  • Auto/Life Discount - Larger companies have a discount if you purchase a life insurance policy as well.
  • Organization Discounts - Affiliation with a qualifying organization could trigger savings on auto insurance.
  • Multiple Cars - Buying coverage for all your vehicles with the same company qualifies for this discount.
  • New Vehicle Savings - Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
  • No Claims - Drivers with accident-free driving histories pay much less as compared to accident-prone drivers.
  • Pay Now and Pay Less - If paying your policy premium upfront instead of making monthly payments you could save 5% or more.
  • Drivers Education - Cut your cost by having your teen driver complete a driver education course if offered at their school.
  • Drive Less and Save - Low mileage vehicles could be rewarded with better rates on cars that stay parked.

Consumers should know that most discount credits are not given to all coverage premiums. Most cut the price of certain insurance coverages like collision or personal injury protection. Even though it may seem like you can get free auto insurance, companies don't profit that way.

To choose companies with discount auto insurance rates in Pennsylvania, click this link.

How can GEICO, State Farm and Progressive save drivers who switch?

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 of big savings if you change your policy. How does each company say the same thing? This is how they do it.

All companies are able to cherry pick for the right customer that makes them money. For instance, a desirable insured might be profiled as over the age of 50, has no driving citations, and chooses high deductibles. A propective insured who matches those parameters gets the lowest rates and as a result will probably save when switching.

Consumers who are not a match for these standards will have to pay higher prices which leads to business not being written. The ads say "drivers who switch" not "everybody who quotes" save that kind of money. That's the way insurance companies can confidently state the savings. Because of the profiling, you should quote coverage with many companies. It's not possible to predict which auto insurance company will give you the biggest savings.

More tips and info about auto insurance is located at the Pennsylvania Insurance Department website. Pennsylvania drivers can file complaints about an insurance agent or broker, find out which companies have the most complaints, report car insurance fraud, and read industry bulletins.

Other informative sites include Auto Insurance 101 and this page where you can research Woodlyn insurance agents.

The best insurance company isn't always the cheapest

When buying insurance coverage, make sure you don't buy poor coverage just to save money. In many instances, someone sacrificed liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase plenty of coverage for the lowest price.

Cost effective auto insurance can be sourced on the web in addition to many Woodlyn insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some insurance companies do not provide online price quotes and most of the time these small, regional companies sell through independent agents.