5 Tips Shown to Slash the Cost of Car Insurance Costs in Beechmont

Consumers who are new to the process of buying insurance online will discover finding the lowest-priced Beechmont car insurance nearly impossible.

It's important to do rate comparisons occasionally since rates are constantly changing. If you had the best rates two years ago you will most likely find a better rate today. There is too much inaccurate information about car insurance online, so I'm going to show you some great ways to put money back in your pocket.

Are you getting all your discounts?

The price of auto insurance can be rather high, but you may find discounts that can drop the cost substantially. Certain discounts will be applied at quote time, but some may not be applied and must be specially asked for in order for you to get them. If you're not getting every credit you qualify for, you are throwing money away.

Bundle and Save - If you have multiple policies with one insurance company you may earn approximately 10% to 15%.
Federal Employees - Active or retired federal employment may qualify you for a discount with select insurance companies.
Anti-lock Brakes - Cars that have steering control and anti-lock brakes prevent accidents and therefore earn up to a 10% discount.
New Car Discount - Buying coverage on a new vehicle is cheaper due to better safety requirements for new cars.
Military Rewards - Being deployed with a military unit can result in better rates.

A little note about advertised discounts, some credits don't apply to your bottom line cost. Some only reduce specific coverage prices like collision or personal injury protection. So even though it sounds like having all the discounts means you get insurance for free, you won't be that lucky. Any amount of discount will bring down the cost of coverage.

Tailor your coverage to you

When it comes to buying coverage for your vehicles, there isn't really a "perfect" insurance plan. Every situation is different.

For instance, these questions might point out whether you might need an agent's assistance.

What is the difference between comprehensive and collision coverage?
Am I covered when driving in Canada or Mexico?
Why am I required to get a high-risk car insurance policy?
What are Kentucky no-fault laws?
Can I get a multi-policy discount for packaging my home and auto coverage?
Do I need PIP (personal injury protection) coverage in Kentucky?
Should I file a claim if it's only slightly more than my deductible?

If you can't answer these questions but a few of them apply, you may need to chat with an agent. If you don't have a local agent, fill out this quick form. It's fast, doesn't cost anything and you can get the answers you need.

How can GEICO, State Farm and Progressive save drivers who switch?

Consumers get pounded daily by advertisements for cheaper car insurance by companies like GEICO, State Farm and Progressive. They all seem to have a common claim about savings if you move to them.

How does each company make the same claim? It's all in the numbers.

All the different companies have a certain "appetite" for the type of driver that earns them a profit. A good example of a desirable insured could be between the ages of 30 and 50, owns a home, and chooses high deductibles. Any new insured that hits that "sweet spot" will get very good rates and as a result will probably save when switching.

Potential insureds who are not a match for these standards will have to pay more money and this can result in business going elsewhere. The ads say "customers who switch" not "everybody who quotes" save money. That is how companies can truthfully state the savings.

Because of the profiling, you should compare many company's rates. It's just too difficult to predict which company will give you the biggest savings.

For more Kentucky car insurance information

Additional information can be read on the Kentucky Department of Insurance website found here. Consumers can view agent and company licensing information, read consumer alerts, and read industry bulletins.

A tidy conclusion

When buying insurance coverage, it's very important that you do not buy lower coverage limits just to save a few bucks. In many instances, an insured cut full coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The ultimate goal is to find the BEST coverage at the best price.

Drivers who switch companies do it for a variety of reasons including policy non-renewal, high rates after DUI convictions, policy cancellation and even not issuing a premium refund. Regardless of your reason for switching companies, finding a new car insurance company is less work than it seems.

You just learned a lot of ways to reduce car insurance prices online. The key concept to understand is the more rate quotes you have, the better your comparison will be. Consumers may even find the lowest rates come from some of the smallest insurance companies.