How to Know You're Spending Too Much for Auto Insurance in Edgewood

Scraping up a payment for overpriced auto insurance can overdraw your personal savings and put a big crunch on your finances. Doing a price comparison is free and is an excellent way to reduce premiums and put more money in your pocket.

Companies like GEICO and Progressive all claim big savings with advertising and consumers find it hard to sift through the bull and effectively compare rates to find the best deal.

It's important to get comparison quotes yearly since insurance rates are constantly changing. Just because you found the lowest rates on your last policy there may be better deals available now. Starting right now, ignore everything you know about auto insurance because it's time to teach you the tricks you need to know to save on auto insurance.

If you have car insurance now, you should be able to lower your premiums substantially using this strategy. Finding the best rates in Edgewood is easy if you know what you're doing. But Iowa vehicle owners do need to know the way companies sell online and use this information to your advantage.

These discounts can lower your rates

Car insurance can cost a lot, but companies offer discounts that you may not know about. Certain discounts will be applied when you get a quote, but lesser-known reductions have to be inquired about before you will receive the discount.

Good Student Discount - Getting good grades can get you a discount of up to 25%. This discount can apply well after school through age 25.
Auto/Life Discount - Select insurance companies reward you with better rates if you take out a life insurance policy as well.
Own a Home - Being a homeowner may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
No Claims - Drivers who don't have accidents can save substantially compared to frequent claim filers.
Drivers Ed for Students - Require your teen driver to take driver's ed class if it's offered in school.
Military Discounts - Having a family member in the military may qualify for rate reductions.
Multiple Vehicles - Buying coverage for multiple vehicles on one policy could earn a price break for each car.
New Vehicle Savings - Adding a new car to your policy can save up to 30% since new cars are generally safer.
Payment Method - If paying your policy premium upfront rather than paying monthly you could save 5% or more.
E-sign - Certain companies give back up to $50 for buying a policy and signing up digitally online.

Drivers should understand that many deductions do not apply to your bottom line cost. Most cut the cost of specific coverages such as medical payments or collision. Just because it seems like all the discounts add up to a free policy, companies wouldn't make money that way. But all discounts will reduce the cost of coverage.

For a list of providers who offer auto insurance discounts in Edgewood, click this link.

Where Can I Get Cheap Edgewood Auto Insurance?

Most major insurance companies give insurance quotes online. Getting online quotes doesn't take much effort as you simply enter your required coverages as detailed in the form. Once entered, their system will obtain reports for credit and driving violations and quotes a price based on these and other factors. Online quotes makes it a lot easier to compare rates but having to visit each company's website and repetitively enter the same data into a form is repetitive and time-consuming. But it's very important to have as many quotes as possible in order to get better auto insurance pricing.

A more efficient way to compare auto insurance pricing requires only one form that analyzes rates from a bunch of companies at once. The form is fast, helps eliminate reptitive entry, and makes quoting online a lot less work. After sending your information, your coverage is rated and you can select your choice of the quotes that you receive.

If the quotes result in lower rates, it's easy to complete the application and buy the policy. This process takes less than 15 minutes and you will know how your current rates stack up.

To quickly find out what other companies charge, click here to open in new window and submit the form. To compare your current rates, we recommend you input the limits and deductibles just like they are on your policy. This helps ensure you will receive comparison quotes based on identical coverages.

Different people need different coverages

When it comes to choosing adequate coverage for your personal vehicles, there really is not a one size fits all plan. Each situation is unique so this has to be addressed. For instance, these questions can help discover whether you might need an agent's assistance.

Should I buy only the required Iowa minimum liability coverage?
What are the financial responsibility laws in Iowa?
Does my policy cover my teen driver if they drive my company car?
What companies insure drivers after a DUI or DWI?
Is my cargo covered for damage or theft?
Am I covered when pulling a rental trailer?
Am I covered when delivering products for my home-based business?

If it's difficult to answer those questions, then you may want to think about talking to a licensed agent. If you don't have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Affordable insurance is out there

In this article, we covered many ideas to get a better price on auto insurance. The most important thing to understand is the more you quote, the more likely it is that you will get a better rate. Consumers may even find the lowest rates come from a company that doesn't do a lot of advertising. These companies may only write in your state and offer lower rates than the large multi-state companies such as .

When you buy insurance online, it's a bad idea to sacrifice coverage to reduce premiums. There have been many cases where consumers will sacrifice uninsured motorist or liability limits only to regret that the few dollars in savings costed them thousands. Your goal should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

Budget-conscious auto insurance can be sourced on the web in addition to many Edgewood insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who do not provide online quoting and many times these regional insurance providers only sell through independent insurance agents.