How to Know You're Wasting Money for Auto Insurance in Flowood

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me, there are many Flowood consumers feeling the pinch from expensive auto insurance.

Because you have many different company options, it can be challenging to find the most cost effective car insurance company.

Pricing the lowest cost auto insurance in Flowood is quite easy. In a nutshell, every driver who is required by state law to have auto insurance stands a good chance to be able to reduce their rates. But Mississippi drivers do need to know how the larger insurance companies sell online and apply this information to your search.

Why some people pay less for insurance in Flowood

Consumers need to have an understanding of the rating factors that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively controls the rates you pay allows you to make educated decisions that will entitle you to much lower annual insurance costs.

  • Do you work long hours in a high stress job? - Careers like lawyers, executives and stock brokers tend to pay the highest rates attributed to stressful work requirements and long work days. On the other hand, occupations like actors, students and retirees have the lowest average rates.
  • Don't sacrifice liability coverage - Your policy's liability coverage provides coverage when a court rules you are at fault for damages from an accident. It provides for a legal defense which can be incredibly expensive. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should carry high limits.
  • Do you know your deductibles? - Physical damage deductibles define the amount you are willing to pay out-of-pocket in the event of a claim. Coverage for physical damage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Examples of covered claims could be running into the backend of another car, damage from fire, and burglary. The higher the amount you're willing to pay, the less your auto insurance will be.
  • Traffic violations increase rates - A bad driving record has a big impact on rates. Even one moving violation can increase rates forty percent or more. Good drivers receive lower rates than their less careful counterparts. If you have dangerous violations like DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 or proof of financial responsibility with their state DMV in order to prevent a license revocation.
  • Policy add-ons can waste money - There are quite a few extra coverages that can waste your money on your auto insurance policy. Things like vanishing deductibles, accident forgiveness and motor club memberships may be wasting your money. They may seem like a good idea at first, but if you don't need them remove them from your policy.
  • More than one policy can earn a discount - Some auto insurance companies provide better rates to customers who have multiple policies with them, otherwise known as a multi-policy discount. Even though this discount sounds good, you may still want to comparison shop to make sure you are getting the best deal. Drivers may still find a better deal by buying insurance from more than one company.

Comprehensive Flowood Auto Insurance Comparison

The are a couple different ways of comparing rate quotes from auto insurance companies in your area. One of the best ways to find the cheapest insurance rates is simply to get online rate quotes. This is very easy and can be done in a couple of different ways.

  1. The fastest way to get the best comparison quotes is a comparison rater form click here to open form in new window. This form eliminates the need for separate quote forms for each company you want a rate for. Filling out one form gets you price quotes from many national carriers.
  2. A less efficient way to shop for auto insurance online requires a trip to the website of each company and request a quote. For example, let's assume you want to compare rates from , and . To get each rate you have to visit each site to input your insurance information, which is why most consumers use the first method. For a list of links to companies insuring cars in Flowood, click here.

It's up to you how you get prices quotes, just ensure you are comparing apples-to-apples quote information with every price quote. If you have mixed coverages it will be impossible to find the best deal in Flowood. Having just a slight variation in insurance coverages can mean a large discrepancy in price. Just remember that more quotes gives you a better chance of getting a better price.

Policy discounts you shouldn't miss

Properly insuring your vehicles can get expensive, but you may find discounts that you may not know about. Certain discounts will be triggered automatically at the time you complete a quote, but less common discounts must be inquired about prior to getting the savings.

  • Accident Free - Drivers with accident-free driving histories can save substantially when compared to accident-prone drivers.
  • Organization Discounts - Participating in a professional or civic organization could trigger savings when shopping for auto insurance.
  • Homeowners Discount - Simply owning a home may earn you a small savings because maintaining a house is proof that your finances are in order.
  • Air Bag Discount - Cars that have air bags and/or automatic seat belt systems can receive discounts of more than 20%.
  • Safety Course Discount - Successfully completing a course in driver safety could possibly earn you a 5% discount if your company offers it.
  • Theft Prevention Discount - Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Low Mileage Discounts - Low mileage vehicles can earn better rates on cars that stay parked.
  • Pay Now and Pay Less - If paying your policy premium upfront instead of making monthly payments you can actually save on your bill.
  • No Charge for an Accident - Some insurance companies permit an accident before hitting you with a surcharge if your claims history is clear for a set time period.
  • Multiple Policy Discount - If you insure your home and vehicles with one company you may save at least 10% off all policies.

Drivers should understand that most discount credits are not given to all coverage premiums. Some only reduce the cost of specific coverages such as comp or med pay. So when it seems like adding up those discounts means a free policy, companies wouldn't make money that way. But all discounts will help reduce the amount you have to pay.

To choose insurance companies with discount auto insurance rates in Mississippi, click this link.

Save $429 a year? Really?

Auto insurance providers like Progressive, Allstate and GEICO consistently run television and radio advertisements. They all make the same claim that you'll save big if you change to them. But how can every company make almost identical claims?

Insurance companies are able to cherry pick for the type of driver that makes them money. For example, a driver they prefer could possibly be between the ages of 40 and 55, has no driving citations, and has great credit. A driver who matches those parameters will get very good rates and is almost guaranteed to save a lot of money.

Potential customers who don't qualify for this ideal profile will be quoted a more expensive rate which leads to the driver buying from a lower-cost company. The ads say "people who switch" but not "drivers who get quotes" save money. That's the way companies can advertise the savings.

This emphasizes why you need to quote coverage with many companies. It is impossible to predict which auto insurance company will fit your personal profile best.

Much more information about auto insurance in Mississippi can be found on the website for the Mississippi Insurance Department through this link. Mississippi consumers can read industry bulletins, find out which companies have the most complaints, report car insurance fraud, and file complaints about a company.

Other informative sites include this online resource for auto insurance quotes in Mississippi and this list of insurance agents in Flowood.

Do the work, save more money

Budget-conscious auto insurance can be sourced online and with local Flowood insurance agents, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who do not offer online price quotes and these regional insurance providers work with independent agents.

In this article, we presented some good ideas how to compare auto insurance prices online. It's most important to understand that the more price quotes you have, the higher your chance of finding lower rates. Drivers may discover the lowest priced auto insurance comes from an unexpected company. These smaller insurers may only write in your state and offer lower rates compared to the large companies like .