8 Discounts Florence Consumers Forget when Shopping for Car Insurance
Having to pay for overpriced car insurance can take a big chunk out of your checking account and force you to make sacrifices. Comparison shopping is a smart way to reduce premiums and put more money in your pocket.
Because there are so many options when it comes to car insurance, it's difficult to locate the lowest price insurance company.
It's important to compare rates on a regular basis since rates are constantly changing. If you had the best price last year you will most likely find a better rate today. Ignore everything you know about car insurance because you're about to learn one of the easiest ways to find the best coverage while lowering your premiums.
Pricing the cheapest car insurance coverage in Florence is quite easy. Just about anyone who carries car insurance will be able to reduce their rates. Although Massachusetts consumers do need to know how big insurance companies determine prices and apply this information to your search.
Are you getting all your discounts?
The cost of insuring your cars can be expensive, but there could be available discounts to help offset the cost. A few discounts will automatically apply when you purchase, but less common discounts must be asked for before being credited.
- College Student - Children who attend school more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
- Own a Home - Owning a house in Florence may trigger a car insurance policy discount because of the fact that having a home is proof that your finances are in order.
- Service Members Pay Less - Having a deployed family member can result in better rates.
- Anti-lock Brake Discount - Cars that have steering control and anti-lock brakes prevent accidents and therefore earn up to a 10% discount.
- Discount for Life Insurance - Companies who offer life insurance give a break if you buy life insurance.
- Drive Less and Save - Keeping the miles down can earn lower rates on the low mileage vehicles.
- Driver's Ed - Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
- Pay Upfront and Save - If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
A little note about advertised discounts, most credits do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, you won't be that lucky. Any amount of discount will help reduce the cost of coverage.
How can Progressive, GEICO, Allstate and State Farm save drivers who switch?
Car insurance companies such as Progressive, GEICO, Allstate and State Farm regularly use ads on television and other media. They all seem to say the same thing about savings if you move to their company. But how can every company claim to save you money? This is how they do it.
Insurance companies have a preferred profile for the driver that earns them a profit. For example, a desirable insured might be between 30 and 50, insures multiple vehicles, and drives newer vehicles. Any new insured who fits that profile will qualify for the lowest rates and as a result will probably save a lot of money.
Consumers who are not a match for this ideal profile will have to pay higher prices which usually ends up with the customer not buying. The ad wording is "drivers who switch" not "everybody who quotes" save that much. This is how companies can truthfully claim big savings.
Because of the profiling, you should get as many quotes as possible. It's just too difficult to predict which insurance companies will give you the biggest savings.
For more Massachusetts car insurance information
Additional information can be found on the website for the Massachusetts Division of Insurance. Click here for link. Visitors are able to read enforcement actions against agents and companies, get help finding coverage, view a list of available companies, and find out industry alerts.
Also read more on this Car Insurance FAQ and this page of insurance agents in Florence.
Do the work, save more money
When trying to cut insurance costs, do not buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced physical damage coverage only to discover later that it was a big mistake. Your aim should be to purchase a proper amount of coverage for the lowest price.
The cheapest car insurance is possible both online and also from your neighborhood Florence agents, so compare prices from both in order to have the best price selection to choose from. A few companies may not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.
