10 Money Saving Ideas Guaranteed to Slash the Cost of Car Insurance Costs in Ferdinand, IN

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us, many consumers are feeling buyer's remorse and feel like there's no way out.

Popular companies such as GEICO and Progressive continually hit you with advertising and it is difficult to sift through the bull and effectively compare rates to find the best deal.

It's important to take a look at other company's rates at least once a year since rates are constantly changing. If you had the best deal last year you will most likely find a better rate today. So block out anything you think you know about car insurance because we're going to show you the proper way to reduce your cost while increasing coverage.

If you have car insurance now, you will most likely be able to save some money using this information. Finding affordable coverage in Ferdinand is quite easy. Nevertheless, Indiana consumers do need to know how companies market on the web and take advantage of how the system works.

Be sure to get all your discounts

Insuring your vehicles can cost a lot, but you can get discounts that can drop the cost substantially. Some trigger automatically when you get a quote, but some must be asked for before you will receive the discount.

Sign Online - Certain companies may give you up to $50 simply for signing digitally online.
Service Members Pay Less - Being on active duty in the military can result in better rates.
Seat Belts Save - Buckling up and requiring all passengers to wear their seat belts could save 15% off your PIP or medical payments premium.
Federal Government Employee - Active or retired federal employment can save as much as 8% with select insurance companies.
Life Insurance - Larger companies have better rates if you take out a life insurance policy as well.
Senior Citizens - If you qualify as a senior citizen, you can possibly qualify for better car insurance rates.
Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
No Accidents - Drivers with accident-free driving histories can earn big discounts as compared to drivers who are more careless.
Drive Less and Save - Keeping the miles down can qualify you for discounted rates on garaged vehicles.
No Charge for an Accident - A handful of insurance companies permit an accident before your rates go up as long as you don't have any claims prior to the accident.

Consumers should know that most discounts do not apply the the whole policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, companies don't profit that way. Any qualifying discounts will reduce the amount you have to pay.

Is there truth in advertising?

Car insurance companies such as State Farm, GEICO and Progressive regularly use television and radio advertisements. They all seem to make an identical promise of big savings if you move to their company. How can each company claim to save you money?

All companies are able to cherry pick for the driver that earns them a profit. An example of a desirable insured might be between 25 and 40, has no tickets, and has great credit. Any new insured who meets those qualifications gets the lowest rates and is almost guaranteed to save when they switch companies.

Drivers who don't measure up to the requirements will have to pay higher premiums and ends up with the customer not buying. Company advertisements say "people who switch" but not "drivers who get quotes" save that much. That's the way insurance companies can confidently advertise the savings.

Because of the profiling, you should get quotes from several different companies. It's just too difficult to predict which car insurance company will give you the biggest savings.

Find out more about car insurance

Additional car insurance information is available on the website for the Indiana Department of Insurance through this link. Visitors are able to get help finding coverage, find disaster information, find a variety of consumer forms, and download brochures.

Affordable insurance is out there

Cost effective car insurance is definitely available both online and also from your neighborhood Ferdinand agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who may not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

As you prepare to switch companies, it's a bad idea to buy lower coverage limits just to save a few bucks. In many cases, an insured dropped liability limits or collision coverage only to find out that the small savings ended up costing them much more. Your aim should be to buy the best coverage you can find at an affordable rate.