How to Know You're Throwing Money Away for Auto Insurance in Crestview Hills

Are you sick and tired of trying to scrape together enough money each month for car insurance? You're in the same situation as millions of other consumers.

With consumers having so many choices of insurance companies, it can be diffult for consumers to pick the lowest price car insurance company.

This information will instruct you on how car insurance quotes work and some money-saving tips. If you currently have a car insurance policy, you should be able to save some money using this strategy. But Kentucky vehicle owners do need to know the way companies market insurance on the web and take advantage of how the system works.

These discounts can lower your rates

Insurance can be prohibitively expensive, but there are discounts available to help bring down the price. Certain discounts will be applied at quote time, but lesser-known reductions have to be inquired about in order for you to get them.

Fewer Miles Equal More Savings - Low mileage vehicles can qualify you for better rates on cars that stay parked.
Driver's Ed - Have your child enroll in driver's education if offered at their school.
Safety Course Discount - Successfully completing a course teaching defensive driving skills could save 5% or more and easily recoup the cost of the course.
Passive Restraints and Air Bags - Vehicles equipped with air bags can receive discounts of more than 20%.
Military Rewards - Having a family member in the military could be rewarded with lower premiums.
Pay Now and Pay Less - If paying your policy premium upfront instead of paying each month you can actually save on your bill.
Accident Free - Claim-free drivers can earn big discounts when compared with bad drivers.
Memberships - Affiliation with a professional or civic organization could trigger savings when buying auto insurance.
Theft Prevention Discount - Vehicles equipped with anti-theft or alarm systems are stolen less frequently and therefore earn up to a 10% discount.

Consumers should know that many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like all the discounts add up to a free policy, companies don't profit that way. But all discounts will help reduce the cost of coverage.

To see a list of insurers with discount auto insurance rates in Kentucky, click this link.

Compare the Market for Auto Insurance in Crestview Hills

Most companies give prices for coverage on their websites. Getting online quotes is fairly straightforward as you just enter the amount of coverage you want as detailed in the form. Once you submit the form, their system will obtain information on your driving record and credit history and returns a price quote based on these factors. This makes comparing rates easy, but the time required to go to several different sites and enter the same data into a form is repetitive and time-consuming. But it's very important to perform this step in order to get better auto insurance pricing.

The preferred way to find cheaper rates requires only one form that gets prices from several companies at one time. The form is fast, requires much less work on your part, and makes quoting online much more enjoyable. After sending your information, your coverage is rated with multiple companies and you can pick any or none of the price quotes you receive.

If one or more price quotes are lower than your current rates, you can simply submit the application and purchase the new policy. This process takes just a few minutes to complete and may result in a nice savings.

To quickly find out what other companies charge, click here to open in new window and enter your information. If you have a policy now, it's recommended you input the limits and deductibles identical to your current policy. This makes sure you will receive rate comparison quotes based on the exact same insurance coverage.

What determines how much you pay?

An important part of buying insurance is that you know the rating factors that play a part in calculating auto insurance rates. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that could result in much lower annual insurance costs.

Shown below are some of the factors companies use to determine premiums.

Safer cars cost less to insure - Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims passed on to you as lower rates.
Lower rates with optional equipment - Driving a car with anti-theft technology or alarm system can help lower your rates. Theft prevention devices such as GM's OnStar, tamper alarm systems and vehicle immobilizers all hinder your vehicle from being stolen.
Little extras can really add up - There are quite a few extra bells and whistles that you can get tricked into buying if you aren't careful. Things like rental car reimbursement, accidental death and motor club memberships may be wasting your money. They may seem like a good idea when talking to your agent, but if you don't need them remove them from your policy.
Better credit means lower rates - A driver's credit score is a huge factor in your rate calculation. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers with poor credit. If your credit is low, you could pay less to insure your by improving your rating.
Traffic citations inflate rates - Whether or not you get tickets has a big impact on rates. Only having one speeding ticket can increase rates forty percent or more. Good drivers tend to pay less for car insurance than their less careful counterparts. Drivers with dangerous tickets such as DWI, reckless driving or hit and run convictions are required to submit a SR-22 form with the DMV in their state in order to prevent a license revocation.
Low deductibles can be expensive - Physical damage deductibles represent how much money you are willing to pay out-of-pocket in the event of a claim. Physical damage coverage, termed comprehensive and collision coverage on your policy, insures against damage to your car. Examples of covered claims are colliding with a building, damage from fire, and rolling your vehicle. The more money you're willing to pay, the less your company will charge you for insurance.
Liability coverage is peace of mind - Your policy's liability coverage will protect you if a jury decides you are liable for damages from an accident. Liability provides legal defense coverage which can be incredibly expensive. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.

Are you falling for claims of savings?

21st Century, Allstate and State Farm consistently run ads on television and other media. All the companies make the same claim that you'll save big if you change to them. But how can every company say the same thing? This is how they do it.

Insurance companies can use profiling for the type of driver that is profitable for them. An example of a profitable customer might be profiled as between the ages of 30 and 50, has no tickets, and has great credit. A propective insured who matches those parameters is entitled to the best price and as a result will probably save a lot of money.

Potential insureds who are not a match for this ideal profile must pay more money which leads to business not being written. Company advertisements say "drivers who switch" not "everybody who quotes" save money. That's why companies can advertise the savings.

This illustrates why drivers must get a wide range of price quotes. It's not possible to predict the company that will fit your personal profile best.

Do the work, save more money

Discount auto insurance is attainable on the web and with local Crestview Hills insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. There are still a few companies who do not offer the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

In this article, we covered many ideas to compare auto insurance prices online. It's most important to understand that the more companies you get rates for, the more likely it is that you will get a better rate. You may even discover the lowest rates come from a lesser-known regional company. These smaller insurers may often insure only within specific states and give getter rates than the large multi-state companies such as .

More Kentucky auto insurance information

Much more information about auto insurance in Kentucky is available on the website for the Kentucky Department of Insurance. Click here for link. Kentucky drivers can find disaster information, view a list of available companies, discover disciplinary actions, and find out industry alerts.

Additional helpful sites include this page for auto insurance prices in Kentucky and this page of Crestview Hills insurance agents.