Top Ways to Save on Wyncote Auto Insurance

No one looks forward to paying for auto insurance, in particular when they are paying too much. Big companies like GEICO and Progressive increase brand awareness with ad campaigns and consumers find it hard to sift through the bull and find the best price available.

It's important to get comparison quotes occasionally because prices are constantly changing. If you had the best deal two years ago a different company probably has better rates today. So forget anything you know (or think you know) about auto insurance because you're going to get a crash course in the only way to save on auto insurance.

If you are insured now or need a new policy, you can learn to shop for the lowest rates and possibly find even better coverage. Choosing the best insurance company for you in Wyncote is quite easy. Pennsylvania drivers only need an understanding of the most efficient way to shop their coverage around online.

More discounts equal less premium

The cost of insuring your cars can be expensive, but companies offer discounts that can drop the cost substantially. Certain discounts will be applied when you get a quote, but lesser-known reductions have to be specially asked for before you will receive the discount. If you aren't receiving every discount you qualify for, you are throwing money away.

College Student - Children who live away from home without a vehicle on campus may be able to be covered for less.
Bundle and Save - If you have multiple policies with the same insurance company you may earn 10% to 20% off each policy.
Use Seat Belts - Buckling up and requiring all passengers to use their safety belts could save 15% off your PIP or medical payments premium.
No Claims - Good drivers with no accidents can earn big discounts as compared to drivers who are more careless.
Clubs and Organizations - Participating in a civic or occupational organization could qualify you for a break on auto insurance.
Federal Employees - Active or retired federal employment can earn a discount up to 10% with select insurance companies.
Discount for Life Insurance - Larger companies have better rates if you take out life insurance from them.

It's important to understand that most credits do not apply to your bottom line cost. Most only apply to individual premiums such as liability, collision or medical payments. Just because it seems like you could get a free auto insurance policy, it doesn't quite work that way. Any qualifying discounts will reduce your premiums.

Understand what determines the rate you pay

Smart consumers have a good feel for some of the elements that come into play when calculating the price you pay for auto insurance. Having a good understanding of what determines base rates helps enable you to make changes that may reward you with better auto insurance rates.

The list below includes some of the factors that factor into rates.

Older drivers pay less - Older drivers are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel. Teen drivers tend to get distracted easily behind the wheel and because of this, their auto insurance rates are much higher.
Multi-policy discounts can save money - The majority of companies will give a discount to customers who buy several policies from them such as combining an auto and homeowners policy. Discounts can be anywhere from five to ten percent in most cases. If you currently are using one company, you still need to compare other company rates to confirm you are receiving the best rates possible.
Never allow your policy to lapse - Driving your car without having proper coverage is a misdemeanor and you will pay a penalty because you let your insurance expire. And not only will insurance be more expensive, getting caught without coverage can result in a steep fine or even jail time.
Rates may be higher depending on your occupation - Jobs such as doctors, architects and dentists are shown to have the highest average rates because of job stress and long work hours. Other jobs such as scientists, historians and the unemployed pay the least.

It's not one size fits all

When it comes to buying proper insurance coverage for your vehicles, there really is not a cookie cutter policy. Everyone's needs are different and a cookie cutter policy won't apply. Here are some questions about coverages that might point out if you might need an agent's assistance.

What are Pennsylvania no-fault laws?
Am I covered when driving in Canada or Mexico?
Why am I be forced to buy a membership to get insurance from some companies?
Will I be non-renewed for getting a DUI or other conviction?
Do I qualify for additional discounts?
Do I have coverage for damage caused while driving under the influence?
What are the financial responsibility laws in Pennsylvania?

If you don't know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It's fast, doesn't cost anything and can help protect your family.

Switch companies and save? Really?

Pennsylvania consumers get pounded daily by advertisements for cheaper car insurance from companies such as Progressive, GEICO, Allstate and State Farm. They all seem to say the same thing of big savings if you move your policy.

How can each company make almost identical claims?

Different companies have a certain "appetite" for the right customer that earns them a profit. An example of a desirable insured could possibly be between the ages of 30 and 50, owns a home, and chooses high deductibles. A customer getting a price quote who fits that profile is entitled to the best price and therefore will save when they switch companies.

Drivers who do not match the requirements will have to pay higher premiums which usually ends up with the driver buying from a lower-cost company. Company advertisements say "customers that switch" not "everyone that quotes" save that kind of money. That is how insurance companies can confidently state the savings.

Because of the profiling, drivers should get a wide range of price quotes. It's impossible to know which company will give you the biggest savings.

Additional auto insurance information is available on the website for the Pennsylvania Insurance Department located here. Pennsylvania consumers can read enforcement actions against agents and companies, read consumer alerts, find a variety of consumer forms, and read industry bulletins.

And the best car insurance company is...

When buying insurance coverage, it's a bad idea to skimp on coverage in order to save money. There are many occasions where an insured cut comprehensive coverage or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage at a price you can afford.

Low-cost auto insurance is definitely available online in addition to many Wyncote insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.