Top 5 Ways to Save on Car Insurance in Bedford, IN
Price shopping your Bedford car insurance is difficult for consumers new to shopping for insurance online. You have so many choices that it can quickly become a challenge to locate the lowest price in Bedford.
It's important to get comparison quotes before your policy renews since rates are constantly changing. Even if you think you had the best deal a few years ago a different company probably has better rates today. So forget all the misinformation about car insurance because we're going to show you the proper way to save on car insurance.
These 5 discounts can lower your rates
Car insurance companies don't always advertise every available discount in an easy-to-find place, so here is a list both the well known as well as the least known discounts you could be receiving.
- Multi-policy Discount - If you have multiple policies with one insurance company you will save 10% to 20% off each policy.
- No Claims - Claim-free drivers can earn big discounts compared to drivers who are more careless.
- Low Mileage - Low mileage vehicles can qualify you for a substantially lower rate.
- Multiple Cars - Buying coverage for all your vehicles on one policy may reduce the rate for each vehicle.
- Save with a New Car - Insuring a new car is cheaper compared to insuring an older model.
Keep in mind that some of the credits will not apply to the entire cost. Some only apply to individual premiums such as comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, it just doesn't work that way.
Are you falling for claims of savings?
Companies like Allstate and Progressive consistently run ads on television and other media. All the ads have a common claim that you can save if you change your policy. How do they all claim to save you money?
Different companies can use profiling for the right customer that earns them a profit. An example of a preferred risk might be between the ages of 40 and 55, is a homeowner, and drives less than 7,500 miles a year. Any new insured that hits that "sweet spot" will qualify for the lowest rates and as a result will probably cut their rates substantially.
Potential customers who are not a match for the "perfect" profile will be charged higher prices and this can result in the customer not buying. The ad wording is "customers that switch" not "everybody who quotes" save that kind of money. That's why insurance companies can advertise the way they do. That is why drivers should compare as many rates as you can. It's just too difficult to predict the company that will provide you with the cheapest rates.
Additional detailed information is available at the Indiana Department of Insurance website. Visitors are able to read consumer alerts, read industry bulletins, and find disaster information.
The best insurance company isn't always the cheapest
When shopping online for car insurance, never skimp on coverage in order to save money. Too many times, an accident victim reduced liability limits or collision coverage only to find out that a couple dollars of savings turned into a financial nightmare. The aim is to get the best coverage possible at a price you can afford, not the least amount of coverage.
Drivers leave their current company for a number of reasons such as policy non-renewal, high rates after DUI convictions, delays in responding to claim requests and even lack of trust in their agent. Regardless of your reason for switching companies, choosing a new insurance company is less work than it seems.
Affordable car insurance is attainable both online in addition to many Bedford insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some car insurance companies do not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.
