How to Know You're Throwing Money Away for Car Insurance in Aztec

Have you had enough of robbing Peter to pay Paul each month for car insurance? You are no different than many other New Mexico drivers.

Numerous battle for your hard-earned dollar, so it's not easy to compare every to find the lowest price

It's important to compare prices once or twice a year due to the fact that insurance rates are constantly changing. Even if you got the best rates a few years ago you can probably find a better price now. There is a lot of bad information regarding car insurance on the internet, so we're going to give you some great ways to quit paying high car insurance rates.

How to Lower your Car Insurance Rates

Consumers need to have an understanding of the rating factors that go into determining the rates you pay for car insurance. Understanding what impacts premium levels empowers consumers to make smart changes that can help you get lower car insurance prices.

Listed below are some of the items used by your company to calculate your rates.

Consolidate policies to earn discounts - Most car insurance companies give discounts to insureds who consolidate policies with them. It's known as a multi-policy discount. Discounts can add up to ten or even up to twenty percent in some cases. Even if you're getting this discount you still need to comparison shop to verify if the discount is saving money. You may still be able to find better rates by insuring with multiple companies.
Save money with special equipment - Driving a car with an alarm system can save you a little every year. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all hinder your vehicle from being stolen.
Low deductibles can be expensive - Physical damage insurance, termed comprehensive and collision coverage on your policy, protects your car from damage. A few examples of covered claims would be a windshield shattered by a rock, damage caused by hail, and rolling your vehicle. Physical damage deductibles are the amount of money you are willing to pay before a claim is paid by your company. The more expense you have to pay, the less your company will charge you for insurance.
Liability coverage protects you - Liability insurance will protect you in the event that you are found liable for personal injury or accident damage. Liability provides you with a defense in court starting from day one. Liability is cheap compared to physical damage coverage, so drivers should carry high limits.
Don't buy coverages you don't need - There are many extra bells and whistles you can purchase when buying car insurance. Coverages like rental car reimbursement, better glass coverage and additional equipment coverage may be wasting your money. These may sound like a good investment when you first buy your policy, but now you might not need them so get rid of them and save.
Proper usage rating affects rates - The more miles you rack up on your car every year the higher your rates will be. Almost all companies charge to insure your cars based upon how you use the vehicle. Autos left parked in the garage get more affordable rates than vehicles that are driven to work every day. Make sure your car insurance policy is showing how each vehicle is driven.
Being married can save on car insurance - Getting married can actually save you money on your car insurance policy. Marriage translates into being more responsible and it's proven that drivers who are married are more cautious.

Are you getting all your discounts?

Auto insurance companies don't necessarily list every available discount in an easy-to-find place, so the following is a list of both the well known as well as the least known ways to save on car insurance.

Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
Lower Rates for Military - Having a family member in the military could mean lower rates.
Multi-car Discount - Buying coverage for more than one vehicle with the same company may reduce the rate for each vehicle.
Organization Discounts - Being a member of certain professional organizations could trigger savings on your policy.
Student Driver Training - Cut your cost by having your teen driver take driver's ed class in school.
Auto/Life Discount - Companies who offer life insurance give lower rates if you buy a life insurance policy as well.

As a disclaimer on discounts, many deductions do not apply to the entire cost. Most only apply to individual premiums such as comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, car insurance companies aren't that generous.

To choose providers offering car insurance discounts in Aztec, click this link.

How can Allstate and Progressive save drivers who switch?

Companies like Allstate and Progressive constantly bombard you with ads on television and other media. All the ads make the same claim about savings if you switch your coverage to them. How do they all claim to save you money?

All companies can use profiling for the type of customer that makes them money. A good example of a preferred risk might be between the ages of 30 and 50, has no tickets, and drives less than 7,500 miles a year. Any driver who matches those parameters is entitled to the best price and as a result will probably cut their rates substantially.

Potential insureds who are not a match for the "perfect" profile will be charged more money which leads to the customer not buying. Company advertisements say "customers that switch" not "everybody who quotes" save that much money. That's why companies can truthfully advertise the way they do. That is why you should quote coverage with many companies. You cannot predict the company that will provide you with the cheapest rates.

More New Mexico car insurance information

Even more information can be read at the New Mexico Insurance Division website. Visitors are able to read consumer alerts, view a list of available companies, report car insurance fraud, and find out which companies have the most complaints.

The best insurance company isn't always the cheapest

When shopping online for car insurance, never buy poor coverage just to save money. Too many times, an insured dropped collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The aim is to buy enough coverage at a price you can afford, not the least amount of coverage.

Cheap car insurance can be found both online as well as from independent agents in Aztec, and you should compare price quotes from both to have the best chance of lowering rates. Some car insurance companies don't offer online price quotes and many times these small insurance companies only sell through independent insurance agents.