7 Discounts Bal Harbour Shoppers Forget when Buying Car Insurance

Tired of robbing Peter to pay Paul each month for car insurance? Your situation is no different than many other drivers in Florida.

You have multiple to buy insurance from, and even though it's nice to be able to choose, having more makes it harder to compare rates.

It's important to do rate comparisons once or twice a year since rates are constantly changing. If you had the best rates a couple years back there is a good chance you can find better rates now. There is too much inaccurate information about car insurance on the web, but I'm going to show you some great ways to reduce your car insurance bill.

Choosing the best insurance company for you in Bal Harbour is quite easy. If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these techniques. Nevertheless, Florida consumers do need to know the way insurance companies determine prices.

Fast and Easy Bal Harbour Car Insurance Quotes

All major car insurance companies like GEICO, State Farm and Progressive quote pricing online. Getting quotes is pretty easy as you just type in the amount of coverage you want into the quote form. After the form is submitted, the system will obtain your driving and credit reports and gives you a price quote. Being able to quote online makes comparing rates easy, but the process of having to visit many different websites and type in the same information can be a bit repetitive. Unfortunately, it is important to perform this step if you are searching for a lower rate.

The preferred way to find cheaper rates is to use a quote form that obtains quotes from several different companies. It's a real time-saver, eliminates repetitive work, and makes online quotes much easier to do. Immediately after you send the form, it is quoted and you are able to buy any one of the resulting price quotes. If a lower price is quoted, you can click and sign and purchase the new policy. It can be completed in less than 10 minutes and may result in a nice savings.

To find out how much you're overpaying now, click here and enter your vehicle and coverage information. If you have your current policy handy, we recommend you enter deductibles and limits identical to your current policy. This makes sure you will have a fair comparison for the exact same coverage.

More discounts equal less premium

Companies offering auto insurance do not list all their discounts very clearly, so the following is a list of both the well known as well as the least known car insurance savings.

Save with a New Car - Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
Drivers Education - Cut your cost by having your teen driver complete a driver education course in high school.
Pay Upfront and Save - If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
College Student - Children living away from home attending college without a vehicle on campus may be able to be covered for less.
Bundle and Save - If you insure your home and vehicles with the same insurance company you will save up to 20% off your total premium.
Anti-theft Discount - Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
Organization Discounts - Being a member of a qualifying organization could qualify you for a break on car insurance.

Consumers should know that most credits do not apply to the entire cost. Most only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like it's possible to get free car insurance, companies don't profit that way.

To choose companies with the best car insurance discounts in Florida, follow this link.

Switch companies and save? Really?

Car insurance companies such as GEICO, State Farm and Progressive regularly use ads in print and on television. They all seem to say the same thing of big savings if you move to them. How does each company claim to save you money?

All companies can use profiling for the type of driver that makes them money. A good example of a desirable insured might be a mature driver, has no tickets, and drives less than 10,000 miles a year. Any new insured who fits that profile will get the preferred rates and therefore will save when switching.

Potential customers who do not match these standards will have to pay a more expensive rate which usually ends up with the customer not buying. The ads state "customers that switch" not "everyone that quotes" save money. That's why insurance companies can confidently advertise the way they do. Because of the profiling, you need to get as many quotes as possible. It's just too difficult to predict the company that will provide you with the cheapest rates.

More tips and info about car insurance can be read at the Florida Office of Insurance Regulation website. Visitors are able to file complaints about an insurance agent or broker, download brochures, view a list of available companies, and read enforcement actions against agents and companies.

The best insurance company isn't always the cheapest

As you go through the steps to switch your coverage, it's very important that you do not reduce coverage to reduce premium. In many instances, an insured dropped full coverage and found out when filing a claim that the savings was not a smart move. The ultimate goal is to get the best coverage possible at a price you can afford.

Cost effective car insurance is possible both online and with local Bal Harbour insurance agents, and you need to price shop both to have the best rate selection. Some car insurance companies do not offer online price quotes and most of the time these small insurance companies sell through independent agents.