How to Know You're Throwing Money Away for Auto Insurance in Clay City

Are you sick and tired of not being able to afford each month for car insurance? Your situation is no different than millions of other consumers. There are many to buy insurance from, and though it is a good thing to have a choice, it makes it harder to compare rates.

Compare the Market for Auto Insurance in Clay City

Effectively comparing auto insurance prices can be a daunting task if you don't know the most efficient way to do it. You could spend your day driving to insurance agencies in Clay City, or you could save time and use online quotes to achieve your goal.

All the larger companies participate in an industry program that allows shoppers to submit one quote, and each company provides a quote based on that data. This saves time by eliminating repetitive form submissions for each company you want a rate for.

To submit your quote information now, click here (opens in new window).

The only downside to pricing coverage this way is you are unable to specify which companies to get quotes from. So if you want to select specific providers to compare, we have assembled a list of auto insurance companies in Kentucky. Click to view list.

It's your choice how you get your quotes, but double check that you are using identical information with every price quote. If you have higher or lower deductibles it's not possible to find the best deal in Clay City.

What determines how much you pay?

It's important that you understand the different types of things that help determine auto insurance rates. Knowing what influences your rates allows you to make educated decisions that will entitle you to lower auto insurance prices.

Frequent auto insurance claims increase rates - Companies in Kentucky award lower rates to drivers who file claims infrequently. If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.
Equipment add-ons that lower auto insurance rates - Driving a car with an alarm system can get you a discount on your auto insurance. Theft prevention features such as GM's OnStar, tamper alarm systems and vehicle immobilizers all hinder car theft.
Rate your vehicle for proper use - Driving more miles every year the higher your rate. Most companies price each vehicle's coverage based on their usage. Cars and trucks left parked in the garage can get a lower rate compared to those used for work or business. Make sure your auto insurance coverage shows the proper vehicle usage, because it can save money.
Low deductibles can be expensive - Deductibles for physical damage define the amount you are required to spend if you file a covered claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Examples of covered claims are running into the backend of another car, damage caused by hail, and rolling your vehicle. The more money you're willing to pay, the less your company will charge you for insurance.
More performance means more cost - The make and model of the vehicle you are buying insurance for makes a significant difference in determining your rates. The lowest rates are usually for small economy passenger cars, but there are many factors that impact the final cost.
Safer cars are cheaper to insure - Cars with high safety ratings can get you lower premiums. The safest vehicles result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims and thus lower rates.
A clean driving record saves money - A bad driving record has a lot to do with how much you pay for insurance. Even one speeding ticket can increase rates by twenty percent. Good drivers have lower premiums compared to drivers with tickets. If you have flagrant violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility with the DMV in their state in order to keep their license.

How much can you save with discounts?

Insuring your fleet can be pricey, but there are discounts available to reduce the price significantly. Larger premium reductions will be automatically applied at the time you complete a quote, but some must be asked about prior to getting the savings. If you're not getting every credit available, you're just leaving money on the table.

Drivers Education - Require your teen driver to successfully complete driver's ed class if it's offered in school.
Payment Method - If you pay your entire premium ahead of time rather than paying monthly you can actually save on your bill.
Life Insurance - Some companies give a discount if you purchase a life insurance policy as well.
Homeowners Pay Less - Simply owning a home can help you save on auto insurance due to the fact that maintaining a home requires personal responsibility.
Employee of Federal Government - Simply working for the federal government can save as much as 8% with a few auto insurance companies.

Keep in mind that most discounts do not apply to the entire cost. Some only reduce individual premiums such as liability and collision coverage. Just because it seems like all the discounts add up to a free policy, it just doesn't work that way. But any discount will bring down the amount you have to pay.

For a list of insurance companies who offer auto insurance discounts in Kentucky, click here to view.

More information is available on the website for the Kentucky Department of Insurance located here. Kentucky drivers can download brochures, view a list of available companies, file complaints about an insurance agent or broker, and report car insurance fraud.

In the end, you save

As you go through the steps to switch your coverage, never reduce needed coverages to save money. There have been many situations where an insured dropped liability limits or collision coverage only to find out that the savings was not a smart move. The proper strategy is to find the BEST coverage at a price you can afford while still protecting your assets.

Throughout this article, we presented many tips how you can lower your auto insurance rates. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even find the best price on auto insurance is with the least-expected company. Smaller companies can often insure niche markets at a lower cost compared to the large companies like .