Top 6 Ways to Save Money on Car Insurance in Fairmount

Shopping for the lowest cost Fairmount car insurance on the internet can be rather challenging for consumers not familiar with comparing rates online. When there are so many online companies, how can you even start to compare every company to locate the best pricing?

It's important to compare prices quite often since rates are constantly changing. Even if you think you had the best deal six months ago you can probably find a better price now. So ignore everything you know about car insurance because we're going to show you the only way to find lower rates on car insurance.

Be sure to get all your discounts

The price of auto insurance can be rather high, but discounts can save money and there are some available to help bring down the price. A few discounts will automatically apply when you quote, but lesser-known reductions have to be requested specifically prior to getting the savings.

Discount for Life Insurance - Some companies give a discount if you purchase a life insurance policy as well.
55 and Retired - If you're over the age of 55, you may receive a small decrease in premiums.
Safety Course Discount - Completing a driver safety course could cut 5% off your bill if your company offers it.
College Student - Children who live away from home and don't have a car can receive lower rates.
Anti-theft Discount - Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
Organization Discounts - Belonging to a qualifying organization could qualify you for a break on car insurance.

Keep in mind that most credits do not apply to the overall cost of the policy. Some only reduce individual premiums such as collision or personal injury protection. So when it seems like it's possible to get free car insurance, it just doesn't work that way. But any discount will bring down the amount you have to pay.

To choose companies with discount car insurance rates in Illinois, follow this link.

Is there truth in advertising?

Car insurance companies such as GEICO, State Farm and Progressive consistently run television and radio advertisements. They all seem to say the same thing that you can save if you change your coverage to them. How does each company make the same claim?

All companies have a preferred profile for the type of customer that makes them money. An example of a desirable insured could be between 30 and 50, insures multiple vehicles, and has a high credit rating. Any new insured who fits that profile will get very good rates and is almost guaranteed to save when switching.

Potential customers who don't measure up to these standards will have to pay a higher premium which usually ends up with business going elsewhere. The ads say "customers that switch" but not "drivers who get quotes" save that much money. This is how insurance companies can state the savings.

Because of the profiling, you should get a wide range of price quotes. It's just too difficult to predict which insurance companies will have the lowest rates.

How do I know if I need professional advice?

When buying proper insurance coverage for your personal vehicles, there isn't really a "perfect" insurance plan. Everyone's situation is a little different.

For example, these questions may help you determine whether or not you might need professional guidance.

When does my teenage driver need to be added to my policy?
Should I buy additional glass protection?
Should I rate my vehicle as pleasure use or commute?
What are Illinois no-fault laws?
Do I need special endorsements for business use of my vehicle?
Are rental cars covered under my policy?
What are the best liability limits?
I have good health insurance, so how much medical payments coverage do I need?

If you don't know the answers to these questions but a few of them apply, you may need to chat with an insurance agent. If you don't have a local agent, complete this form.

More information is available on the Illinois Department of Insurance website located here. Consumers can view agent and company licensing information, learn about insurance regulations, and discover disciplinary actions.

Do the work, save more money

As you restructure your insurance plan, it's very important that you do not buy poor coverage just to save money. In many instances, drivers have reduced comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. The ultimate goal is to find the BEST coverage at a price you can afford.

Affordable car insurance is attainable from both online companies as well as from independent agents in Fairmount, so compare prices from both to have the best rate selection. Some insurance companies don't offer online price quotes and most of the time these smaller companies sell through independent agents.

You just learned a lot of tips how to save on car insurance. It's most important to understand that the more rate quotes you have, the higher your chance of finding lower rates. You may even discover the best prices are with some of the lesser-known companies.