How to Know You're Spending Too Much for Auto Insurance in Bald Knob

Having to pay for overpriced auto insurance can empty your savings account and put a big crunch on your finances. Comparing price quotes is a smart way to lower your monthly bill. Because there are so many auto insurance companies to choose from, it can be challenging to find the cheapest company.

The purpose of this post is to help educate you on the most effective way to quote insurance. If you are paying for car insurance now, you stand a good chance to be able to reduce your rates substantially using this information. Arkansas drivers only need an understanding of the proper way to compare company rates over the internet.

Bald Knob Rates are Influenced by These Factors

Consumers need to have an understanding of some of the elements that help determine auto insurance rates. When you know what positively or negatively determines base rates enables informed choices that will entitle you to big savings.

The following are some of the items auto insurance companies consider when setting prices.

Occupation reflects on rates - Did you know your auto insurance rates can be affected by your occupation? Careers like real estate brokers, architects and stock brokers tend to have the highest rates due to job stress and lots of time spent at work. On the other hand, occupations like pilots, students and performers receive lower rates.
Your spouse saves you money - Getting married can get you a discount when buying auto insurance. Having a significant other means you're more mature and responsible and statistics show married drivers get in fewer accidents.
Women pay lower rates - Statistics have proven women tend to be less risk to insure than men. However, this does not mean men are worse drivers. They both have accidents at a similar rate, but the men have costlier accidents. Men also statistically get cited for more serious violations like reckless driving and DUI. Male drivers age 16 to 19 are the most expensive to insure and are penalized with high auto insurance rates.
Consolidate policies to earn discounts - Many companies provide better rates to people who have multiple policies with them, otherwise known as a multi-policy discount. If you currently are using one company, it's still a good idea to comparison shop to ensure the best deal.
Teen drivers pay high rates - Teenage drivers in Arkansas are known to be careless and easily distracted when driving so auto insurance rates are higher. Parents adding a teenage driver to your auto insurance policy can be quite pricey. More mature drivers are more cautious drivers, file fewer claims and are safer drivers.
Equipment add-ons that lower auto insurance rates - Purchasing a vehicle with a theft deterrent system can help lower your rates. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your car from being stolen.

Auto Insurance Prices in Bald Knob, Arkansas

There are several ways to compare auto insurance quotes, and some are easier and takes less work. You can spend your afternoon talking about coverages with insurance companies in Bald Knob, or you could use online quotes to get the quickest rates.

Most of the larger companies enroll in a system that allows shoppers to only type in their quote data once, and each company returns a competitive quote based on the submitted data. This eliminates the need for quote requests to each individual auto insurance company.

To submit your quote information now, click here to open in new window.

The one disadvantage to pricing coverage this way is you cannot specify which providers to get quotes from. So if you want to choose specific insurance companies to compare rates, we have a listing of companies who write auto insurance in Arkansas. Click to view list.

It doesn't matter which method you choose, just ensure you are comparing apples-to-apples quote information with every price quote. If you enter mixed coverages then you won't be able to find the best deal in Bald Knob.

Be sure to get all your discounts

Properly insuring your vehicles can get expensive, but you can get discounts that you may not know about. Some trigger automatically at the time you complete a quote, but some may not be applied and must be manually applied prior to getting the savings. If you don't get every credit you deserve, you are paying more than you should be.

No Accidents - Drivers who don't have accidents pay less when compared to accident-prone drivers.
Paperwork-free - A handful of insurance companies give back up to $50 simply for signing online.
Accident Waiver - Some insurance companies allow you one accident before hitting you with a surcharge if your claims history is clear for a particular time prior to the accident.
Multiple Policy Discount - If you insure your home and vehicles with one company you could get a discount of approximately 10% to 15%.
Government Employees - Employees or retirees of the government may qualify you for a discount with a few auto insurance companies.
Distant Student - Children living away from home attending college and do not have access to a covered vehicle can receive lower rates.
Senior Discount - If you're over the age of 55, you may be able to get better auto insurance rates.

It's important to understand that most credits do not apply to all coverage premiums. Most only cut specific coverage prices like comp or med pay. So despite the fact that it appears having all the discounts means you get insurance for free, it doesn't quite work that way. Any qualifying discounts will help reduce the amount you have to pay.

To choose insurance companies who offer auto insurance discounts in Arkansas, follow this link.

Is there truth in advertising?

Arkansas drivers can't ignore all the ads for car insurance savings by Progressive, Allstate and GEICO. They all say the same thing of big savings after switching to their company.

But how can every company say the same thing? It's all in the numbers.

All the different companies have a preferred profile for the driver that makes them money. A good example of a driver they prefer might be profiled as between 25 and 40, insures multiple vehicles, and drives less than 7,500 miles a year. A propective insured who fits that profile will qualify for the lowest rates and is almost guaranteed to save a lot of money.

Potential customers who don't measure up to this ideal profile will be quoted a more expensive rate which usually ends up with business not being written. The ad wording is "customers who switch" but not "drivers who get quotes" save that much. This is how insurance companies can confidently advertise the way they do.

This emphasizes why you need to get quotes from several different companies. It's not possible to predict which insurance companies will provide you with the cheapest rates.

Additional auto insurance information can be read on the website for the Arkansas Insurance Department found here. Arkansas drivers can read industry bulletins, get help finding coverage, learn about insurance regulations, and read consumer alerts.

Other informative sites include this online resource for auto insurance quotes in Arkansas and this list of insurance agents in Bald Knob.

A tidy conclusion

Low-cost auto insurance can be sourced on the web and also from your neighborhood Bald Knob agents, so you should compare both to have the best rate selection. Some auto insurance companies may not provide online price quotes and these small insurance companies work with independent agents.

When shopping online for auto insurance, do not reduce coverage to reduce premium. There are too many instances where drivers have reduced full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase a proper amount of coverage at the best price while still protecting your assets.