Easy Tips to Spend Less on Anchorage Auto Insurance

Finding the best price on Anchorage auto insurance is challenging if you have never used quoting online. But don't let that discourage you because finding affordable coverage online is easier than you think.

It's important to compare prices occasionally since insurance rates are constantly changing. Just because you found the best rates a year ago there is a good chance you can find better rates now. There is too much inaccurate information about auto insurance on the web, but we're going to give you some great ways to reduce your auto insurance bill.

Good Decisions Result in Lower Rates

Consumers need to have an understanding of some of the elements that help determine auto insurance rates. Knowing what influences your rates enables informed choices that can help you get much lower annual insurance costs.

Traffic citations inflate rates - Even a single ticket can boost insurance rates by as much as thirty percent. Careful drivers receive lower rates compared to drivers with tickets. Drivers who get flagrant violations such as reckless driving, hit and run or driving under the influence may be required to submit a SR-22 form with the DMV in their state in order to keep their license.
How many coverages with the same company - Many companies give discounts to people who consolidate policies with them in the form of a multi-policy discount. Even with this discount, you may still want to comparison shop to ensure the best deal.
Your spouse saves you money - Getting married can get you a discount when buying auto insurance. Marriage means you're more mature and it's statistically proven that married couples file fewer claims.
Women pay lower rates - Statistics show that women are safer drivers than men. However, this does not mean men are worse drivers. Both sexes are in accidents at a similar rate, but men have costlier accidents. Men also get cited for more serious violations like reckless driving and DUI. Young males are several times more likely to be in an accident and are penalized with high auto insurance rates.

Automobile Insurance Quotes in Anchorage, KY

All major auto insurance companies like State Farm and Allstate allow you to get coverage prices on their websites. Getting online quotes is quite simple as you simply enter your coverage preferences as detailed in the form. After the form is submitted, their system will obtain credit information and your driving record and gives you a price quote determined by many factors.

Being able to quote online helps simplify price comparisons, but the process of having to visit each company's website and repetitively fill out multiple forms gets old quite quickly. But it's very important to do this in order to find better auto insurance pricing.

There is a better way!

The preferred way to get multiple rate quotes requires only one form that analyzes rates from several different companies. The form is fast, eliminates form submissions, and makes online price comparison much easier to do. After your information is entered, it is rated and you can select any one of the resulting price quotes. If the quotes result in lower rates, you can click and sign and purchase coverage. The entire process can be completed in a matter of minutes and may save quite a bit of money.

To quickly find out what other companies charge, click here to open in new window and enter your vehicle and coverage information. If you have your current policy handy, we recommend you type in the limits and deductibles as shown on your current policy. This makes sure you're receiving comparison quotes for the exact same coverage.

These discounts can lower your rates

Companies that sell car insurance don't always list every available discount very clearly, so the following is a list of some of the best known and the more hidden auto insurance savings.

Early Switch Discount - A few companies offer discounts for signing up prior to your current policy expiration. It's a savings of about 10%.
Theft Prevention Discount - Anti-theft and alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
E-sign - A few companies give back up to $50 just for signing your application over the internet.
Senior Discount - If you're over the age of 55, you may be able to get better auto insurance rates.
Payment Method - If you pay your bill all at once instead of making monthly payments you may reduce your total bill.

Keep in mind that most credits do not apply to your bottom line cost. Most only reduce the cost of specific coverages such as medical payments or collision. Even though it may seem like adding up those discounts means a free policy, it just doesn't work that way.

To choose providers who offer auto insurance discounts in Kentucky, follow this link.

Are you falling for claims of savings?

Companies like State Farm and Allstate continually stream ads on television and other media. All the ads say the same thing that you can save after switching to their company. How does each company say the same thing?

Insurance companies have a certain "appetite" for the driver that makes them money. A good example of a preferred risk might be profiled as between 30 and 50, owns a home, and has excellent credit. A propective insured who fits that profile will get the preferred rates and as a result will probably save when switching.

Potential customers who are not a match for these standards will be charged a higher premium which usually ends up with business not being written. The ads state "people who switch" not "everybody who quotes" save that much. That is how insurance companies can make those claims. That is why you need to get quotes from several different companies. It's not possible to predict which company will have the lowest rates.

Different people need different coverages

When buying coverage for your vehicles, there isn't really a one size fits all plan. Each situation is unique.

For instance, these questions might point out whether you might need professional guidance.

Does my car insurance cover rental cars?
Do I need special endorsements for business use of my vehicle?
Does medical payments coverage apply to all occupants?
Should I buy additional glass protection?
What can I do if my company won't pay a claim?
Does my personal policy cover me when driving my company car?
Should I have combined single limit or split liability limits?

If you don't know the answers to these questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form.

Additional detailed information can be read at the Kentucky Department of Insurance website. Kentucky drivers can file complaints about a company, read consumer alerts, and get help finding coverage.

Do the work, save more money

In this article, we covered a lot of tips how to compare auto insurance prices online. The most important thing to understand is the more you quote, the better your chances of lowering your rates. Consumers could even find that the best prices are with a company that doesn't do a lot of advertising.

While you're price shopping online, it's very important that you do not reduce coverage to reduce premium. There have been many cases where an insured cut collision coverage and discovered at claim time they didn't purchase enough coverage. Your goal should be to get the best coverage possible at an affordable rate, not the least amount of coverage.

Affordable auto insurance can be sourced on the web and also from your neighborhood Anchorage agents, so compare prices from both to have the best rate selection. Some companies may not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.