Tightwads Guide to Saving on Caneyville Auto Insurance

Are you tired of robbing Peter to pay Paul each month for car insurance? You're in the same situation as many other Kentucky consumers.

Because you have many online and local companies to choose from, it can be challenging to find the lowest price insurance company.

It's important to shop coverage around once or twice a year because insurance rates are constantly changing. If you had the lowest price last year there is a good chance you can find better rates now. You can find a lot of misleading information regarding auto insurance online, so we're going to give you some great ways to reduce your auto insurance bill.

Tips to Get Lower Caneyville Rates

Consumers need to have an understanding of the different types of things that come into play when calculating the price you pay for auto insurance. When you know what positively or negatively impacts premium levels empowers consumers to make smart changes that can help you get much lower annual insurance costs.

Bundling policies can get discounts - The majority of insurers give discounts to customers who buy several policies from them, otherwise known as a multi-policy discount. Even if you're getting this discount you still need to comparison shop to verify if the discount is saving money. Consumers may find better rates by insuring with multiple companies.
Claim-free discounts can add up - Insurance companies in Kentucky award discounts to insureds who do not file claims often. If you frequently file small claims, you can pretty much guarantee higher rates. Your insurance policy is designed for major claims that would cause financial hardship.
Equipment add-ons that lower auto insurance rates - Driving a car with an alarm system can help lower your rates. Anti-theft devices like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all hinder car theft.
Better crash test results mean better rates - Vehicles with high crash test scores can get you lower premiums. Safer cars protect occupants better and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates.
Rates may be lower depending on your job - Occupations like judges, business owners and stock brokers have the highest rates because of high stress levels and long work days. On the other hand, jobs such as farmers, students and the unemployed get better rates.
Low deductibles can be expensive - Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. A few examples of covered claims could be a windshield shattered by a rock, damage from fire, and burglary. Deductibles for physical damage are the amount of money you are required to spend out-of-pocket in the event of a claim. The more you have to pay, the less your company will charge you for insurance.
Rate your vehicle for proper use - The more you drive every year the higher your rates will be. Almost all companies apply a rate based upon how you use the vehicle. Cars and trucks used primarily for pleasure use receive lower rates as compared to vehicles used primarily for driving to work. Double check that your auto insurance policy properly reflects the correct driver usage, because improper ratings can cost you money.

Comprehensive Auto Insurance Comparison in Caneyville

Shopping for lower auto insurance rates can take time and effort if you don't understand the easiest way. You can spend your afternoon discussing policy coverages with local insurance agents in Caneyville, or you could save time and use the web to get the quickest rates.

Most of the larger companies are enrolled in a marketplace that enables customers to submit one quote, and each company can give them a price. This saves time by eliminating quotation requests to each individual auto insurance company.

To submit your quote information now, click here to open in new window.

The single downside to pricing coverage this way is you don't know exactly which providers you want to price. So if you want to select from a list of companies to receive pricing from, we put together a list of auto insurance companies in Kentucky. View list of Kentucky insurance companies.

It's up to you which method you use, but double check that you are using apples-to-apples deductibles and coverage limits with every price quote. If you are comparing different values for each quote it's not possible to find the best deal in Caneyville. Quoting even small variations in coverages may result in large price differences. It's important to know that comparing more company's prices provides better odds of finding better pricing.

Don't pay full price with these discounts

Car insurance is not cheap, buy you may qualify for discounts to help offset the cost. Some discounts apply automatically at the time you complete a quote, but a few must be asked for prior to getting the savings.

Theft Prevention Discount - Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.
Driver's Ed - Cut your cost by having your teen driver take driver's ed class in high school.
Lower Rates for Military - Being on active duty in the military can result in better rates.
Low Mileage - Keeping the miles down could be rewarded with discounted rates on garaged vehicles.
Claim Free - Claim-free drivers pay much less compared to accident-prone drivers.
More Vehicles More Savings - Having multiple cars or trucks with the same company may reduce the rate for each vehicle.

As a disclaimer on discounts, most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as comprehensive or collision. So even though it sounds like adding up those discounts means a free policy, auto insurance companies aren't that generous. Any amount of discount will help reduce your premiums.

To choose providers with the best auto insurance discounts in Kentucky, click here to view.

The auto insurance bait and switch

Companies like Allstate and Progressive regularly use ads in print and on television. All the ads make an identical promise about savings if you move your coverage to them. But how can every company make almost identical claims?

Insurance companies can use profiling for the type of customer that makes them money. For instance, a preferred risk could possibly be over the age of 50, has no tickets, and has great credit. A driver who meets those qualifications gets the lowest rates and therefore will save a lot of money.

Potential customers who don't measure up to this ideal profile will be charged a more expensive rate and ends up with the driver buying from a lower-cost company. Company advertisements say "customers that switch" not "everyone that quotes" save that much money. That's why companies can truthfully advertise the savings.

That is why you need to get as many quotes as possible. It is impossible to predict the company that will give you the biggest savings.

Additional information is located on the website for the Kentucky Department of Insurance located here. Kentucky consumers can read consumer alerts, download brochures, view a list of available companies, and find disaster information.

Other informative sites include BankRate.com's Car Insurance: When not to Skimp and this Caneyville agent directory.

Shop smart and save

As you prepare to switch companies, do not reduce coverage to reduce premium. Too many times, an insured dropped collision coverage and learned later that the small savings ended up costing them much more. The aim is to buy the best coverage you can find at a price you can afford, not the least amount of coverage.

Cheap auto insurance is possible online as well as from independent agents in Caneyville, and you should be comparing both to have the best rate selection. There are still a few companies who don't offer online price quotes and many times these small, regional companies only sell through independent insurance agents.