Frankfort Auto Insurance For Less Than You're Paying Now

If you are a novice to online auto insurance shopping, it's easy to get confused because of the huge number of auto insurance companies competing for business in Frankfort.

It's important to get comparison quotes occasionally because prices are constantly changing. Despite the fact that you may have had the best price a couple years back the chances are good that you can find a lower rate today. Ignore everything you know about auto insurance because you're about to find out one of the best ways to get good coverage at a lower rate.

If you have car insurance now, you stand a good chance to be able to lower your premiums substantially using this strategy. This article will introduce you to how to effectively get price quotes. Nevertheless, Kentucky drivers do need to know the methods companies use to compete online and apply this information to your search.

These discounts can lower your rates

Companies offering auto insurance don't list all their discounts in a way that's easy to find, so we took the time to find both well-publicized as well as the least known auto insurance savings.

Bundle and Save - When you combine your home and auto insurance with one insurance company you may earn up to 20% off your total premium.
Anti-lock Brake Discount - Anti-lock brake equipped vehicles can reduce accidents and therefore earn up to a 10% discount.
Save over 55 - Mature drivers may be able to get a discount up to 10%.
Payment Method - If you pay your bill all at once instead of paying each month you could save 5% or more.
Memberships - Participating in a civic or occupational organization could qualify you for a break on auto insurance.
No Claims - Good drivers with no accidents can save substantially as compared to bad drivers.
Discount for Life Insurance - Larger companies have better rates if you take out a life insurance policy as well.
Sign Online - Certain companies will discount your bill up to fifty bucks simply for signing digitally online.

Consumers should know that most credits do not apply to your bottom line cost. The majority will only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like it's possible to get free car insurance, companies don't profit that way.

To see a list of companies who offer auto insurance discounts in Frankfort, follow this link.

Automobile Insurance Quotes in Frankfort, KY

Most companies quote insurance quotes online. This process doesn't take much effort as you just type in your coverage preferences as detailed in the form. Once you submit the form, the company's rating system will obtain credit information and your driving record and provides a quote based on these factors.

Online quotes makes it a lot easier to compare rates but the work required to visit many different websites and type in the same information is monotonous and tiresome. But it's very important to perform this step if you are searching for better auto insurance pricing.

The preferred way to get multiple rate quotes uses one form that obtains quotes from several different companies. The form is fast, eliminates form submissions, and makes rate comparisons much easier. Immediately after you send the form, it is quoted and you can select your choice of the price quotes you receive. If a lower price is quoted, you can simply submit the application and purchase coverage. It takes 15 minutes at the most and may result in a nice savings.

To find out what other companies charge, click here to open in new window and submit your coverage information. If you currently have coverage, we recommend you enter the limits and deductibles identical to your current policy. This makes sure you will have a fair comparison based on the exact same insurance coverage.

Understand what determines the rate you pay

An important part of buying insurance is that you know some of the elements that help determine the price you pay for auto insurance. Having a good understanding of what determines base rates helps enable you to make changes that may reward you with lower auto insurance prices.

The following are a few of the "ingredients" that factor into rates.

Where you live is a factor - Living in a rural area can be a good thing when insuring your vehicles. Less people living in that area means reduced accidents. Urban drivers regularly have much more traffic to deal with and a longer drive to work. Higher commute times can result in more accidents.
One company can mean more discounts - Many companies will give a discount to customers who consolidate policies with them such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. If you currently are using one company, you still need to compare rates to confirm you are receiving the best rates possible.
Men pay higher rates - Statistics show women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. Women and men are in accidents in similar percentages, but the males have costlier accidents. They also get cited for more serious violations such as DWI and reckless driving. Male drivers age 16 to 19 are most likely to cause an accident and therefore have the most expensive auto insurance rates.
Special features that cut premiums - Owning a car with an alarm system can help bring down rates. Theft prevention features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your car from being stolen.

Different people need different coverages

When choosing the right insurance coverage for your vehicles, there really is not a cookie cutter policy. Everyone's needs are different.

For instance, these questions might point out whether you could use an agent's help.

What is the difference between comprehensive and collision coverage?
Do I need PIP (personal injury protection) coverage in Kentucky?
Should I buy additional glass protection?
Do I have any recourse if my insurance company denies a claim?
Do I qualify for additional discounts?
What companies insure drivers after a DUI or DWI?
Are my tools covered if they get stolen from my vehicle?

If you don't know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, simply complete this short form.

Are you falling for claims of savings?

Auto insurance companies such as GEICO, State Farm and Progressive continually stream ads on television and other media. They all seem to say the same thing of big savings after switching your policy. How can each company make almost identical claims?

All companies have a certain "appetite" for the right customer that is profitable for them. For example, a desirable insured could possibly be over the age of 40, owns a home, and drives less than 10,000 miles a year. A customer getting a price quote who fits that profile gets the lowest rates and as a result will probably save when they switch companies.

Potential customers who are not a match for the requirements will have to pay a higher premium which usually ends up with the driver buying from a lower-cost company. Company advertisements say "customers that switch" not "everybody who quotes" save that kind of money. That is how insurance companies can confidently advertise the way they do. Because of the profiling, drivers must get a wide range of price quotes. It's impossible to know which company will provide you with the cheapest rates.

Affordable insurance is out there

As you go through the steps to switch your coverage, it's not a good idea to reduce coverage to reduce premium. In many instances, an insured cut physical damage coverage only to discover later that the savings was not a smart move. The ultimate goal is to buy the best coverage you can find at a price you can afford.

Consumers change insurance companies for a number of reasons such as policy non-renewal, policy cancellation, denial of a claim or extreme rates for teen drivers. Regardless of your reason for switching companies, choosing a new insurance company is actually quite simple.

Cost effective auto insurance can be bought online in addition to many Frankfort insurance agents, and you need to comparison shop both to have the best rate selection. Some auto insurance companies do not provide the ability to get a quote online and most of the time these regional insurance providers sell through independent agents.

More tips and info about auto insurance can be found at the Kentucky Department of Insurance website. Kentucky consumers can view agent and company licensing information, read consumer alerts, and learn about insurance regulations.