Top Ways to Save on Gallup Auto Insurance

No one in their right mind likes having to buy auto insurance, in particular when they are paying too much. Having so many companies to choose from, it can be impossible to locate the cheapest company.

It's important to shop coverage around periodically because prices are constantly changing. Despite the fact that you may have had the lowest price a couple years back you will most likely find a better rate today. You can find a lot of misleading information regarding auto insurance on the web, but I'm going to show you some great ways to put money back in your pocket.

Take advantage of discounts

Companies that sell car insurance do not list all their discounts very well, so we researched both well-publicized as well as the least known savings tricks you should be using. If you don't get every credit you qualify for, you are throwing money away.

Bundle and Save - If you have multiple policies with the same company you may earn at least 10% off all policies.
Good Student - Performing well in school can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
College Student - Kids in college who are attending college and do not have access to a covered vehicle may qualify for this discount.
Theft Prevention Discount - Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.
Clubs and Organizations - Participating in a professional or civic organization is a good way to get lower rates on auto insurance.
Driver Safety - Successfully completing a course in driver safety can save you 5% or more if you qualify.

As a disclaimer on discounts, most discounts do not apply to the entire policy premium. Some only apply to individual premiums such as collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, auto insurance companies aren't that generous.

How to know if you need help

When it comes to buying the best auto insurance coverage for your vehicles, there really is no cookie cutter policy. Everyone's situation is a little different so your insurance should reflect that These are some specific questions may help highlight whether your personal situation might need professional guidance.

What are the best liability limits?
Do I need to file an SR-22 for a DUI in New Mexico?
What are New Mexico no-fault laws?
Do I need special endorsements for business use of my vehicle?
Are rental cars covered under my policy?
Should I rate my vehicle as pleasure use or commute?

If you're not sure about those questions but you think they might apply to your situation then you might want to talk to an insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It's fast, doesn't cost anything and can help protect your family.

Are auto insurance companies telling the truth?

New Mexico consumers get pounded daily by advertisements for cheaper car insurance from the likes of GEICO, State Farm and Progressive. They all seem to make an identical promise about savings after switching your coverage to them.

But how can every company make almost identical claims?

Insurance companies have a certain "appetite" for the type of customer that earns them a profit. For instance, a desirable insured could possibly be between 30 and 50, a clean driving record, and drives less than 10,000 miles a year. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and most likely will save a lot of money.

Potential customers who don't qualify for this ideal profile will have to pay higher prices and ends up with the driver buying from a lower-cost company. The ad wording is "customers that switch" not "people who quote" save that much money. That is how companies can truthfully advertise the way they do. Because of the profiling, you should get quotes from several different companies. It's impossible to know which company will provide you with the cheapest rates.

Additional New Mexico consumer information

Even more information is located at the New Mexico Insurance Division website. New Mexico consumers can view agent and company licensing information, file complaints about a company, read enforcement actions against agents and companies, and read consumer alerts.

Also read more on Wikipedia and this Gallup agent directory.

A tidy conclusion

As you go through the steps to switch your coverage, do not buy lower coverage limits just to save a few bucks. In many instances, someone dropped collision coverage and learned later that the savings was not a smart move. The ultimate goal is to get the best coverage possible at a price you can afford.

You just read many tips how you can reduce auto insurance prices online. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your rates. Consumers could even find that the best prices are with some of the lesser-known companies. Regional companies may have significantly lower rates on certain market segments than their larger competitors like .

Cheap auto insurance can be bought online as well as from independent agents in Gallup, so compare prices from both so you have a total pricing picture. Some auto insurance companies don't offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.