10 Tricks Shown to Save Money on Car Insurance Costs in Bingham, ME

Did you fall for a flashy sales pitch and buy high-priced car insurance? Trust us, there are many people just like you.

There are many to pick from, and even though it's nice to have a selection, it makes it harder to compare rates.

It's important to check car insurance prices every six months since rates are constantly changing. If you had the best price last year the chances are good that you can find a lower rate today. Ignore everything you know about car insurance because we're going to demonstrate the fastest and easiest way to lower your rates without sacrificing coverage.

Finding the best rates in Bingham is easy if you know what you're doing. Just about every driver who is required by state law to have car insurance stands a good chance to be able to reduce their rates. But Maine consumers do need to know the way insurance companies market on the web and apply this information to your search.

These ten discounts can lower your rates

Companies don't list every available discount very clearly, so we took the time to find both the well known as well as the least known car insurance savings.

  • Discount for Good Grades - A discount for being a good student can get you a discount of up to 25%. This discount can apply up to age 25.
  • Memberships - Being a member of a qualifying organization could qualify you for a break on your policy.
  • Federal Government Employee - Being employed by or retired from a federal job can save as much as 8% with certain companies.
  • Discount for Life Insurance - Select insurance companies reward you with a discount if you purchase a life insurance policy as well.
  • Multi-policy Discount - When you combine your home and auto insurance with one insurance company you may save up to 20% off your total premium.
  • Passive Restraint Discount - Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts of more than 20%.
  • Military Rewards - Having a deployed family member can result in better rates.
  • Accident Free - Drivers with accident-free driving histories can save substantially compared to bad drivers.
  • E-sign - Certain companies may give you up to $50 for buying a policy and signing up over the internet.
  • Senior Citizens - Mature drivers can possibly qualify for reduced rates.

Consumers should know that most credits do not apply to all coverage premiums. The majority will only reduce individual premiums such as medical payments or collision. So even though they make it sound like it's possible to get free car insurance, companies don't profit that way.

To see a list of providers with the best car insurance discounts in Maine, follow this link.

Maine car insurance

How to Compare Car Insurance Quotes in Bingham, Maine

Most companies like State Farm and Allstate give prices for coverage online. Getting quotes is fairly straightforward as you simply enter the coverages you want as detailed in the form. Once you submit the form, the system will obtain your driving and credit reports and provides a quote based on these and other factors. This makes comparing rates easy, but the work required to visit a lot of sites and complete many quote forms can be a bit repetitive. But it's very important to have as many quotes as possible in order to get better car insurance pricing.

The easy way to compare rates

The preferred way to lower your rates is to use a quote form that analyzes rates from several different companies. The form is fast, eliminates repetitive work, and makes online quotes much easier. Immediately after submitting the form, your coverage is rated and you are able to buy any one of the price quotes you receive. If a lower price is quoted, you can simply submit the application and buy the new coverage. This process takes 15 minutes at the most and may result in a nice savings.

To find out what other companies charge, click here to open in new window and input your coverage information. If you currently have coverage, we recommend you enter the limits and deductibles identical to your current policy. This makes sure you will have a fair comparison based on the exact same insurance coverage.

Are you falling for claims of savings?

Companies like State Farm and Allstate regularly use ads on television and other media. All the ads say the same thing that you'll save big if you move to them. How does each company claim to save you money?

All companies are able to cherry pick for the type of driver that is profitable for them. For example, a preferred risk might be a mature driver, has no driving citations, and drives newer vehicles. Any new insured who fits that profile gets the lowest rates and as a result will probably save when switching.

Potential customers who are not a match for these standards will be charged a more expensive rate which usually ends up with the customer not buying. Company advertisements say "customers that switch" not "everybody who quotes" save money. That's the way companies can claim big savings. That is why drivers must get a wide range of price quotes. It's just too difficult to predict which car insurance company will give you the biggest savings.

Do the work, save more money

We just covered a lot of tips how to compare car insurance prices online. The key concept to understand is the more you quote, the better your chances of lowering your rates. Consumers may even find the best price on car insurance is with the least-expected company. These smaller insurers may often insure only within specific states and give getter rates than the large multi-state companies such as .

Discount car insurance is definitely available both online and with local Bingham insurance agents, and you need to price shop both to have the best rate selection. A few companies do not offer the ability to get a quote online and many times these regional insurance providers only sell through independent insurance agents.

More detailed Maine car insurance information can be found at the Maine Bureau of Insurance website. Visitors are able to file complaints about a company, find out which companies have the most complaints, download brochures, and view agent and company licensing information.

Additional helpful sites include NAIC.org's Understanding your Policy and this directory of insurance agents in Bingham Maine.