Tightwads Instructions on Saving on Coral Springs Auto Insurance

Having to pay for overpriced auto insurance can overdraw your savings account and force you to make sacrifices. Comparing price quotes is free and is an excellent way to make sure you're not throwing money away. Lots of contend to insure your vehicles, and because of this it can be hard to compare and get the best coverage at the lowest rate

It's important to get comparison quotes on a regular basis because prices are constantly changing. If you had the best rates a few years ago a different company probably has better rates today. You can find a lot of wrong information about auto insurance on the internet, so I'm going to show you some great ways to find cheap auto insurance.

If you are insured now or need new coverage, you can learn to shop for the lowest rates and possibly find even better coverage. Finding the best rates in Coral Springs is quite easy. Florida drivers only need an understanding of the most efficient way to shop for auto insurance online.

These discounts can lower your rates

Auto insurance companies don't list all their discounts in an easy-to-find place, so the following is a list of both well-publicized and the more hidden ways to save on auto insurance. If they aren't giving you every credit you deserve, you are throwing money away.

  • College Student - Any of your kids living away from home attending college without a vehicle on campus can be insured at a reduced rate.
  • Own a Home - Owning a house in Coral Springs may earn you a small savings because of the fact that having a home demonstrates responsibility.
  • Student Driver Training - Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
  • Drive Less and Save - Keeping the miles down could qualify for better rates on cars that stay parked.
  • Clubs and Organizations - Participating in certain professional organizations could trigger savings on auto insurance.
  • Government Employees - Active or retired federal employment may qualify you for a discount with select insurance companies.
  • Auto/Life Discount - Larger companies have lower rates if you buy auto and life insurance together.
  • Military Discounts - Having a family member in the military can result in better rates.

Consumers should know that most discount credits are not given to all coverage premiums. Most only cut the cost of specific coverages such as liability, collision or medical payments. So when the math indicates having all the discounts means you get insurance for free, companies don't profit that way.

Coral Springs auto insurance comparison

Understand what determines the rate you pay

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for auto insurance. Understanding what determines base rates helps enable you to make changes that may reward you with big savings.

The list below includes some of the items that factor into rates.

  • Older drivers pay less - More mature drivers are viewed as being more responsible, file fewer claims and get fewer tickets. Teen drivers tend to get distracted easily when driving therefore auto insurance rates are much higher.
  • Discounts for married couples - Getting married actually saves money on your auto insurance policy. It usually means you are more mature and responsible and it's statistically proven that married drivers get in fewer accidents.
  • Lower rates with optional equipment - Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your vehicle from being stolen.
  • Safe vehicles cost less to insure - Vehicles with good safety scores tend to have better insurance rates. These vehicles have better occupant injury protection and lower injury rates translates into savings for insurance companies and lower rates for you.
  • Protect your assets with liability insurance - The liability section of your policy is the protection if ever a court rules you are at fault for damages caused by your negligence. Liability provides you with a defense in court which can cost thousands of dollars. This coverage is very inexpensive compared to insuring for physical damage coverage, so drivers should carry high limits.
  • More claims means more premium - Car insurance companies in Florida give better rates to policyholders who do not rely on their insurance for small claims. If you are a frequent claim filer, you can definitely plan on higher rates. Insurance coverage is designed for the bigger claims that can't be paid out-of-pocket.

Are you falling for claims of savings?

Florida consumers get pounded daily by advertisements for car insurance savings from companies such as Progressive, GEICO, Allstate and State Farm. They all seem to make the same claim of big savings if you move your policy.

How do they all make almost identical claims?

All the different companies have a preferred profile for the right customer that earns them a profit. A good example of a desirable insured could possibly be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. A customer getting a price quote who matches those parameters will qualify for the lowest rates and as a result will probably cut their rates substantially.

Drivers who are not a match for the "perfect" profile will have to pay a higher premium which leads to the driver buying from a lower-cost company. The ad wording is "people who switch" not "everybody who quotes" save that kind of money. This is how insurance companies can confidently make the claims of big savings. Because of the profiling, drivers should quote coverage with many companies. It's impossible to know which insurance companies will fit your personal profile best.

For more Florida auto insurance information

More tips and info about auto insurance can be read at the Florida Office of Insurance Regulation website. Florida consumers can read enforcement actions against agents and companies, get help finding coverage, view a list of available companies, and find disaster information.

And the best car insurance company is...

As you shop your coverage around, you should never skimp on coverage in order to save money. There are many occasions where drivers have reduced full coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. Your aim should be to purchase a proper amount of coverage at an affordable rate.

Cost effective auto insurance is possible online in addition to many Coral Springs insurance agents, and you should compare price quotes from both to have the best selection. Some insurance providers do not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.