Car Insurance in Albany - 7 Discounts You Might be Losing Out On

Expensive car insurance can overdraw your savings account and make it hard to pay other bills. Comparison shopping is a smart way to reduce premiums and put more money in your pocket. You have so many to buy insurance from, and although it's nice to have multiple companies, lots of choices makes it harder to compare rates.

It's important to shop coverage around on a regular basis since rates are constantly changing. Even if you got the best deal a few years ago a different company probably has better rates today. Starting right now, ignore everything you know about car insurance because we're going to show you the only way to find better rates and still maintain coverage.

Be sure to get all your discounts

Companies that sell car insurance don't list all their discounts very clearly, so here is a list some of the more common and the harder-to-find car insurance savings. If you're not getting every credit you deserve, you are throwing money away.

  • College Student - Children who live away from home and do not have a car can receive lower rates.
  • Accident Waiver - Certain companies will allow you to have one accident before your rates go up as long as you don't have any claims for a particular time prior to the accident.
  • Anti-lock Brake Discount - Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
  • Theft Prevention System - Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Discount for Life Insurance - Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • Own a Home - Owning a house in Albany may trigger a car insurance policy discount because owning a home requires personal responsibility.
  • Claim Free - Drivers who don't have accidents can earn big discounts as compared to drivers who are more careless.

As a disclaimer on discounts, most of the big mark downs will not be given to all coverage premiums. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, car insurance companies aren't that generous.

Albany car insurance comparison

Is there truth in advertising?

Consumers get pounded daily by advertisements for car insurance savings from the likes of Progressive, GEICO, Allstate and State Farm. They all seem to say the same thing about savings if you switch your coverage to them.

How does each company make the same claim? This is how they do it.

All the different companies have a preferred profile for the type of customer that earns them a profit. An example of a desirable insured could be over the age of 50, insures multiple vehicles, and drives less than 7,500 miles a year. Any new insured who fits that profile is entitled to the best price and is almost guaranteed to save when switching.

Drivers who don't measure up to these standards will have to pay a higher premium which usually ends up with business going elsewhere. Company advertisements say "drivers who switch" but not "drivers who get quotes" save that much money. This is how companies can truthfully advertise the way they do. Because of the profiling, drivers should get quotes from several different companies. It's just too difficult to predict which insurance companies will provide you with the cheapest rates.

For more Kentucky car insurance information

Even more information is available at the Kentucky Department of Insurance website. Consumers can read enforcement actions against agents and companies, learn about insurance regulations, read consumer alerts, and discover disciplinary actions.

And the best car insurance company is...

When shopping online for car insurance, it's very important that you do not skimp on coverage in order to save money. There are many occasions where drivers have reduced comprehensive coverage or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy enough coverage for the lowest price.

Cheap car insurance can be found from both online companies as well as from independent agents in Albany, and you should be comparing both to have the best selection. Some car insurance companies don't offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.