Car Insurance in Edinburgh - 5 Discounts You Might be Unaware of
Price shopping your Edinburgh car insurance is difficult for consumers not familiar with comparison shopping online. Consumers have so many companies to choose from that it can be more work than you anticipated to compare prices in Edinburgh.
It's important to compare prices before your policy renews since rates are constantly changing. Even if you got the lowest rates two years ago you can probably find a better price now. So forget all the misinformation about car insurance because we're going to show you the tricks you need to know to find lower rates on car insurance.
These 5 discounts can lower your rates
Companies offering auto insurance do not list every available discount in a way that's easy to find, so we break down both the well known and the harder-to-find ways to save on car insurance.
- Multi-policy Discount - If you insure your home and vehicles with one insurance company you will save up to 20% off your total premium.
- Employee of Federal Government - Employees or retirees of the government can save as much as 8% with certain companies.
- Auto/Life Discount - Companies who offer life insurance give better rates if you take out a life insurance policy as well.
- Passive Restraints and Air Bags - Vehicles with factory air bags can qualify for discounts of 20% or more.
- Defensive Driver - Completing a defensive driving course could save 5% or more if your company offers it.
As a disclaimer on discounts, most discount credits are not given to the entire cost. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. Just because you may think it's possible to get free car insurance, car insurance companies aren't that generous.
To choose providers offering car insurance discounts in Edinburgh, click this link.
Are you falling for claims of savings?
Companies like Allstate and Progressive constantly bombard you with ads on television and other media. All the ads make the same claim about savings if you switch to their company. How can each company claim to save you money? This is how they do it.
All companies can use profiling for the driver that makes them money. For example, a preferred risk might be between 25 and 40, is a homeowner, and chooses high deductibles. Any new insured who matches those parameters gets the lowest rates and as a result will probably save when they switch companies.
Drivers who are not a match for the requirements will be charged higher premiums which leads to the customer not buying. Company advertisements say "drivers who switch" not "everybody who quotes" save that much. That's why companies can truthfully state the savings. That is why you should get a wide range of price quotes. It's just too difficult to predict the company that will give you the biggest savings.
Even more information can be found at the Indiana Department of Insurance website. Visitors are able to read consumer alerts, download brochures, and file complaints about an insurance agent or broker.
Shop smart and save
When buying insurance coverage, it's a bad idea to buy poor coverage just to save money. Too many times, an accident victim reduced uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. The aim is to buy the best coverage you can find for the lowest price, not the least amount of coverage.
Insureds switch companies for any number of reasons including policy non-renewal, extreme rates for teen drivers, high rates after DUI convictions or even an unsatisfactory settlement offer. Regardless of your reason for switching companies, switching car insurance companies is easier than you think.
Cheap car insurance can be found both online and also from your neighborhood Edinburgh agents, so you should compare both to have the best chance of lowering rates. Some insurance companies may not provide online price quotes and many times these regional insurance providers only sell through independent insurance agents.
