How to Know You're Paying Too Much for Car Insurance in Danvers

I can't think of anyone who looks forward to buying car insurance, particularly when they are paying too much. There are many to buy insurance from, and though it is a good thing to have multiple companies, it makes it harder to compare rates.

How much can you save with discounts?

Companies that sell car insurance don't always list every discount very clearly, so we researched both the well known and the harder-to-find ways to save on car insurance. If you're not getting every credit you qualify for, you are throwing money away.

  • Federal Employees - Active or retired federal employment can earn a discount up to 10% with a few car insurance companies.
  • Good Student - Performing well in school can save 20 to 25%. Earning this discount can benefit you well after school through age 25.
  • Auto/Life Discount - Companies who offer life insurance give a discount if you purchase life insurance from them.
  • Distant Student - Any of your kids who are attending college and do not have access to a covered vehicle can receive lower rates.
  • Save with a New Car - Buying coverage on a new vehicle is cheaper compared to insuring an older model.
  • Senior Citizens - If you qualify as a senior citizen, you may be able to get reduced rates.

A little note about advertised discounts, most discount credits are not given to the entire policy premium. Most only cut the price of certain insurance coverages like comp or med pay. Just because you may think you could get a free car insurance policy, you won't be that lucky.

How much car insurance do I need?

When it comes to buying the best car insurance coverage for your vehicles, there isn't really a perfect coverage plan. Every insured's situation is different so this has to be addressed. For example, these questions may help highlight if your insurance needs could use an agent's help.

  • Am I covered if I drive in a foreign country?
  • Should I buy only the required Illinois minimum liability coverage?
  • When does my teenage driver need to be added to my policy?
  • Why does it cost so much to insure a teen driver in Danvers?
  • Should I file a claim if it's only slightly more than my deductible?
  • Do I need to file an SR-22 for a DUI in Illinois?

If it's difficult to answer those questions but you know they apply to you, you may need to chat with an agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier It's fast, doesn't cost anything and may give you better protection.

Save 15 percent in 15 minutes? Is it for real?

Consumers in Illinois get pounded daily by advertisements for cheaper car insurance by companies like Progressive, Allstate and GEICO. They all make the same claim about savings after switching to them.

How does each company claim to save you money? This is how they do it.

Different companies have a certain "appetite" for the type of driver that earns them a profit. For instance, a driver they prefer might be over the age of 40, a clean driving record, and has great credit. Any driver who matches those parameters will qualify for the lowest rates and is almost guaranteed to save when switching.

Potential insureds who don't meet these standards will be quoted more money which leads to the customer not buying. The ad wording is "drivers who switch" but not "drivers who get quotes" save money. That is how companies can truthfully advertise the savings. This emphasizes why you should get quotes from several different companies. You cannot predict which company will fit your personal profile best.

Even more information is located at the Illinois Department of Insurance website. Visitors are able to download brochures, file complaints about a company, view agent and company licensing information, and read enforcement actions against agents and companies.

Illinois car insurance

A tidy conclusion

We just presented some good ideas how to reduce car insurance prices online. The most important thing to understand is the more price quotes you have, the higher the chance of saving money. Consumers could even find that the lowest premiums are with a lesser-known regional company. Regional companies may cover specific market segments cheaper compared to the large companies like .

When you buy insurance online, it's very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where someone dropped collision coverage and learned later that the few dollars in savings costed them thousands. Your strategy should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.