Car Insurance in Carrabassett Vly - 8 Ways to Save Money

Scraping up a payment for overpriced car insurance can dwindle your savings account and make it impossible to make ends meet. Doing a price comparison is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket. Big-name insurance companies like GEICO and Progressive persitently shower you with ads and it is difficult to sift through the bull and take the time to shop coverage around.

It's important to compare prices quite often since rates are constantly changing. Even if you got the best price last year a different company probably has better rates today. Ignore everything you know about car insurance because you're about to find out the tricks you need to know to find great coverage at a great price.

If you have a current car insurance policy or need new coverage, you can learn to find the best rates and still get good coverage. Finding affordable coverage in Carrabassett Vly is easy if you know what you're doing. Maine vehicle owners just need to know the most effective way to compare rates over the internet.

Policy discounts you shouldn't miss

Car insurance can cost a lot, but discounts can save money and there are some available to reduce the price significantly. Larger premium reductions will be automatically applied at the time of quoting, but a few need to be asked for before you will receive the discount. If you aren't receiving every discount you deserve, you are throwing money away.

Good Student Discount - Performing well in school can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
Resident Student - Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
New Car Discount - Adding a new car to your policy is cheaper due to better safety requirements for new cars.
Government Employees - Active or retired federal employment may qualify you for a discount with certain companies.
Theft Prevention System - Cars that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
Multiple Vehicles - Buying insurance for multiple vehicles on one policy could earn a price break for each car.
55 and Retired - If you qualify as a senior citizen, you may be able to get a small decrease in premiums.
Lower Rates for Military - Being on active duty in the military may qualify for rate reductions.

Consumers should know that most discounts do not apply to the overall cost of the policy. A few only apply to the cost of specific coverages such as medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, companies don't profit that way. But all discounts will reduce the amount you have to pay.

Insurance agents can help

When it comes to buying the right insurance coverage for your personal vehicles, there really is not a "perfect" insurance plan. Each situation is unique so your insurance should reflect that For example, these questions may help you determine whether your personal situation would benefit from professional advice.

Do I need to file an SR-22 for a DUI in Maine?
Do I pay less if my vehicle is kept in my garage?
Can I still get insurance after a DUI?
Am I covered if I drive in a foreign country?
Do I need special endorsements for business use of my vehicle?
Can I afford to buy a different vehicle if my vehicle is totaled?
Should I buy additional glass protection?
Am I covered when delivering products for my home-based business?

If you're not sure about those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or click here for a list of car insurance companies in your area. 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 from the likes of State Farm and Allstate. All the ads make an identical promise that you'll save big after switching your coverage to them.

How can each company make the same claim?

All the different companies have a preferred profile for the type of customer that earns them a profit. For example, a preferred risk could be a mature driver, insures multiple vehicles, and has great credit. Any new insured who meets those qualifications receives the best rates and is almost guaranteed to save when they switch companies.

Potential insureds who don't qualify for the requirements will be charged more money and ends up with business going elsewhere. Company advertisements say "people who switch" but not "drivers who get quotes" save that much money. This is how companies can advertise the savings.

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

More sites with car insurance information

Much more information about car insurance in Maine can be found on the website for the Maine Bureau of Insurance through this link. Consumers can file complaints about a company, read enforcement actions against agents and companies, file complaints about an insurance agent or broker, and download brochures.

A tidy conclusion

You just learned many tips how you can reduce car insurance prices online. The most important thing to understand is the more you quote, 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. Regional companies may often insure only within specific states and give getter rates compared to the large companies like .

As you prepare to switch companies, it's a bad idea to skimp on coverage in order to save money. There have been many cases where drivers have reduced physical damage coverage only to regret at claim time that the small savings ended up costing them much more. Your goal should be to buy enough coverage at an affordable rate, not the least amount of coverage.