8 Money Saving Ideas Shown to Lower Car Insurance Costs in Colesburg

Expensive car insurance can dwindle your personal savings and force you to prioritize other expenses. Shopping your coverage around is a smart way to reduce premiums and put more money in your pocket.

You have so many to buy insurance from, and even though it's nice to have multiple companies, lots of choices makes it harder to compare rates.

Be sure to get all your discounts

Companies don't always advertise all available discounts very clearly, so here is a list some of the more common and the more hidden car insurance savings.

  • Fewer Miles Equal More Savings - Keeping the miles down can qualify you for lower rates on the low mileage vehicles.
  • Own a Home - Owning a home in Colesburg may trigger a car insurance policy discount because of the fact that having a home requires personal responsibility.
  • No Claims - Drivers who don't have accidents can earn big discounts when compared with drivers who are more careless.
  • Accident Waiver - Certain companies permit an accident before your rates go up so long as you haven't had any claims for a certain period of time.
  • Anti-theft System - Anti-theft and alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
  • Pay Upfront and Save - If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Paperless Signup - Some insurance companies will give a small break just for signing your application over the internet.
  • Military Discounts - Having a deployed family member can result in better rates.

It's important to note that most credits do not apply to all coverage premiums. Most cut the cost of specific coverages such as liability and collision coverage. So even though they make it sound like you could get a free car insurance policy, you're out of luck.

car insurance in Colesburg

Is there truth in advertising?

21st Century, Allstate and State Farm regularly use television and radio advertisements. All the companies say the same thing that you can save if you move your policy. How does each company make the same claim?

Different companies have a preferred profile for the right customer that earns them a profit. An example of a profitable customer could be between 30 and 50, insures multiple vehicles, and has a short commute. Any new insured who fits that profile gets the lowest rates and is almost guaranteed to save when switching.

Potential insureds who don't measure up to these standards must pay more money which usually ends up with business going elsewhere. The ads say "people who switch" but not "drivers who get quotes" save that kind of money. This is how insurance companies can make the claims of big savings. This illustrates why drivers should compare many company's rates. It's just too difficult to predict which insurance companies will fit your personal profile best.

Additional detailed information is available at the Iowa Insurance Division website. Consumers can discover disciplinary actions, report car insurance fraud, read industry bulletins, and learn about insurance regulations.

Final considerations

Lower-priced car insurance is definitely available from both online companies in addition to many Colesburg insurance agents, so compare prices from both to have the best chance of lowering rates. Some insurance providers do not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

As you shop your coverage around, never skimp on coverage in order to save money. There are a lot of situations where drivers have reduced liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.