Comparing Cheap Brownsburg Car Insurance
Are you sick and tired of robbing Peter to pay Paul each month for car insurance? Your situation is no different than the majority of other car owners in Indiana. You have so many to buy insurance from, and though it is a good thing to be able to choose, lots of choices makes it harder to compare rates.
It's important to price shop coverage before your policy renews because rates are constantly changing. If you had the best price last year you can probably find a better price now. Forget all the misinformation about car insurance because we're going to demonstrate the fastest and easiest way to buy cheaper car insurance.
Buying car insurance in Brownsburg is quite easy. If you currently have a car insurance policy, you should be able to lower your premiums substantially using these methods. Indiana drivers only need an understanding of how to get comparison quotes online.
Learn How to Buy Car Insurance Cheaper
Consumers need to have an understanding of the rating factors that come into play when calculating your car insurance rates. Knowing what determines base rates helps enable you to make changes that may reward you with much lower annual insurance costs.
The list below includes a few of the "ingredients" that factor into rates.
- Drive less and save money - The more you drive every year the more you will pay for car insurance. The majority of insurers rate vehicles determined by how the vehicle is used. Autos used primarily for pleasure use qualify for better rates than those used for commuting. Double check that your car insurance policy shows the correct driver usage.
- Don't cancel a policy without a new one in place - Not having insurance is illegal and you will pay a penalty because you let your coverage have a gap. Not only will you pay more, but being ticketed for driving with no insurance may earn you a hefty fine and possibly a revoked license.Then you may be required to provide proof of insurance in the form of an SR-22 filing with the Indiana DMV.
- Rates may be higher depending on your occupation - Jobs such as lawyers, executives and financial analysts are shown to have higher average rates in part from job stress and long work days. Conversely, professions such as farmers, engineers and the unemployed pay the least.
- Men fork out a little more - The statistics show that women are safer drivers than men. However, don't assume that men are WORSE drivers than women. Both sexes tend to get into accidents in similar percentages, but the males cause more damage and cost insurance companies more money. They also have more aggressive citations such as reckless driving.
- Better credit scores mean better rates - Credit rating is a huge factor in your rate calculation. Consumers who have excellent credit tend to be less risk to insure than drivers with lower credit scores. So if your credit rating can use some improvement, you could save money insuring your by spending a little time repairing your credit.
- Lower rates with optional equipment - Driving a car with anti-theft technology or alarm system can get you a discount on your car insurance. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.
- Bundling policies can get discounts - The majority of car insurance companies will give a discount to policyholders who carry more than one policy in the form of a multi-policy discount. If you currently are using one company, it's in your best interest to comparison shop to confirm you are receiving the best rates possible. Consumers may find better rates by buying car insurance from a different company.
- Protect yourself with liability coverage - The liability section of your policy will protect you if ever you are found to be at fault for damages caused by your negligence. It will provide for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.
Take advantage of discounts
Companies offering auto insurance don't always list all their discounts very clearly, so we took the time to find some of the more common and the harder-to-find ways to save on car insurance. If you're not getting every credit available, you are paying more than you should be.
- New Car Discount - Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
- Seat Belts Save more than Lives - Buckling up and requiring all passengers to use a seat belt could save 15% on the medical payments or PIP coverage costs.
- No Claims - Claim-free drivers can save substantially as compared to accident-prone drivers.
- One Accident Forgiven - Certain companies will allow you to have one accident before hitting you with a surcharge as long as you don't have any claims for a set time period.
- Passive Restraints and Air Bags - Factory air bags may earn rate discounts of up to 25% or more.
- Military Discounts - Having a family member in the military can result in better rates.
- Theft Prevention Discount - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
It's important to understand that many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. Just because you may think all the discounts add up to a free policy, it doesn't quite work that way.
To choose companies with the best car insurance discounts in Indiana, click this link.
Are car insurance companies telling the truth?
Consumers can't ignore all the ads for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. They all seem to make the same claim of big savings if you move your policy.
How does each company make the same claim? This is how they do it.
Insurance companies can use profiling for the right customer that makes them money. For example, a desirable insured could be over the age of 40, is a homeowner, and has great credit. A customer who matches those parameters is entitled to the best price and most likely will save when switching.
Drivers who don't qualify for these standards will have to pay a higher premium which leads to business going elsewhere. The ads state "drivers who switch" not "people who quote" save that kind of money. That's why insurance companies can confidently advertise the savings. Because of the profiling, you should get a wide range of price quotes. Because you never know the company that will give you the biggest savings.
Learn more today
More tips and info about car insurance can be found at the Indiana Department of Insurance website. Consumers can file complaints about an insurance agent or broker, find a variety of consumer forms, read industry bulletins, and learn about insurance regulations.
Best coverage at the best price
As you prepare to switch companies, never buy poor coverage just to save money. In many instances, an accident victim reduced physical damage coverage only to discover later that the small savings ended up costing them much more. The ultimate goal is to buy a smart amount of coverage for the lowest price.
Low-cost car insurance is definitely available from both online companies in addition to many Brownsburg insurance agents, and you need to comparison shop both to have the best selection. There are still a few companies who do not provide online price quotes and most of the time these regional insurance providers sell through independent agents.