5 Methods to Save on Car Insurance in Caribou, ME

Purchasing the cheapest Caribou car insurance over the internet is rather challenging for people who are new to online price comaprisons. Because there are so many insurers available, how can consumers even start to compare them all to find the lowest rates?

If you have a current car insurance policy or need new coverage, you can learn to find better prices and still get good coverage. Locating affordable protection in Caribou can be fairly easy. Maine consumers only need to know the most effective way to compare rates over the internet.

Policy discounts you shouldn't miss

Insuring your fleet can be pricey, but you can get discounts to cut the cost considerably. Larger premium reductions will be automatically applied at the time you complete a quote, but some may not be applied and must be specially asked for prior to getting the savings. If you aren't receiving every discount you deserve, you are throwing money away.

  • Payment Method - If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Life Insurance - Companies who offer life insurance give better rates if you take out life insurance from them.
  • 55 and Retired - If you qualify as a senior citizen, you may be able to get better car insurance rates.
  • Service Members Pay Less - Being on active duty in the military may qualify for rate reductions.
  • Anti-lock Brake System - Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability and collision coverage. Even though it may seem like you could get a free car insurance policy, you won't be that lucky. Any amount of discount will reduce the amount you have to pay.

compare Caribou car insurance rates

Insurance agents can help

When it comes to buying coverage for your personal vehicles, there really is not a "perfect" insurance plan. Each situation is unique.

For example, these questions can help discover whether your personal situation would benefit from professional advice.

  • Are my tools covered if they get stolen from my vehicle?
  • When does my teenage driver need to be added to my policy?
  • Should I buy additional glass protection?
  • Am I covered when pulling a rental trailer?
  • Do I need PIP (personal injury protection) coverage in Maine?
  • Should I file a claim if it's only slightly more than my deductible?
  • Does my car insurance cover rental cars?

If you're not sure about those questions but a few of them apply, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, fill out this quick form. It's fast, doesn't cost anything and can provide invaluable advice.

Save $429 a year? Really?

Consumers get pounded daily by advertisements for car insurance savings by State Farm, Allstate and GEICO. They all make an identical promise about savings after switching to their company.

How can each company make the same claim?

Different companies have a preferred profile for the driver that earns them a profit. A good example of a driver they prefer could be a mature driver, has no prior claims, and chooses high deductibles. Any new insured who meets those qualifications gets the lowest rates and is almost guaranteed to save when they switch companies.

Potential customers who don't qualify for the requirements will be quoted a more expensive rate and ends up with business going elsewhere. Company advertisements say "people who switch" but not "drivers who get quotes" save that much. This is how companies can truthfully state the savings.

This emphasizes why you should quote coverage with many companies. It's just too difficult to predict which insurance companies will give you the biggest savings.

Additional information can be read on the Maine Bureau of Insurance website through this link. Consumers can view a list of available companies, view agent and company licensing information, and learn about insurance regulations.

Maine car insurance quotes

In the end, you save

People change insurance companies for many reasons like unfair underwriting practices, delays in paying claims, denial of a claim and even policy cancellation. No matter why you want to switch, finding the right car insurance provider is less work than it seems.

When buying insurance coverage, it's not a good idea to buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice full coverage and found out when filing a claim that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at an affordable rate while still protecting your assets.

You just learned some good ideas how you can reduce car insurance prices online. The most important thing to understand is the more providers you compare, the better your chances of lowering your rates. Drivers may discover the best price on car insurance is with a company that doesn't do a lot of advertising.