Car Insurance in Bradenton Beach - 5 Discounts You Might be Losing Out On
Finding lower rates for Bradenton Beach car insurance is a challenge for consumers new to comparing rates online. Consumers have so many options that it can turn into a challenge to locate the lowest price in Bradenton Beach.
It's important to price shop coverage before your policy renews since rates are constantly changing. Even if you got the best rates two years ago a different company probably has better rates today. You'll find quite a bit of inaccurate information about car insurance on the internet, so I'm going to show you some great ways to find cheap car insurance.
If you have insurance now or are shopping for new coverage, you can learn to shop for the lowest rates and still get good coverage. The purpose of this article is to let you in on the most effective way to quote insurance and some tips to save money. Florida consumers only need to know the proper way to find the lowest price online.
Don't pay full price with these 5 discounts
Companies offering auto insurance do not list all their discounts in a way that's easy to find, so the following is a list of some of the more common and also the lesser-known car insurance savings. If you aren't receiving every discount available, you are throwing money away.
- New Car Discount - Buying coverage on a new vehicle is cheaper compared to insuring an older model.
- Employee of Federal Government - Active or retired federal employment can earn a discount up to 10% with select insurance companies.
- Bundle and Save - If you have multiple policies with the same insurance company you will save 10% to 20% off each policy.
- Anti-theft System - Anti-theft and alarm systems help deter theft and earn discounts up to 10%.
- Good Students Pay Less - Performing well in school can save 20 to 25%. The good student discount can last until age 25.
A little note about advertised discounts, most credits do not apply to the entire cost. Most only apply to specific coverage prices like collision or personal injury protection. So even though they make it sound like you could get a free car insurance policy, you won't be that lucky.
The car insurance bait and switch
Consumers get pounded daily by advertisements for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. They all seem to say the same thing about savings if you switch your policy.
How can each company make the same claim? It's all in the numbers.
Different companies can use profiling for the right customer that earns them a profit. A good example of a desirable insured could be between 25 and 40, is a homeowner, and chooses high deductibles. Any new insured who fits that profile is entitled to the best price and therefore will save when they switch companies.
Consumers who don't measure up to the requirements will have to pay higher rates which usually ends up with business going elsewhere. The ads state "customers who switch" not "everyone that quotes" save that kind of money. That's why companies can truthfully state the savings. Because of the profiling, drivers should get as many quotes as possible. It's just too difficult to predict the company that will give you the biggest savings.
Even more information can be read at the Florida Office of Insurance Regulation website. Consumers can file complaints about an insurance agent or broker, download brochures, and read consumer alerts.
And the best car insurance company is...
When buying insurance coverage, it's a bad idea to skimp on coverage in order to save money. In many instances, an accident victim reduced collision coverage and discovered at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy a smart amount of coverage at the best price.
Consumers switch companies for a variety of reasons including delays in paying claims, extreme rates for teen drivers, policy non-renewal and even unfair underwriting practices. Regardless of your reason, finding a new car insurance company is less work than it seems.
You just learned a lot of information how to reduce car insurance prices online. The key thing to remember is the more rate quotes you have, the better chance you'll have of finding lower rates. You may be surprised to find that the most savings is with some of the smallest insurance companies.
