Tightwads Guide to Saving on Georgetown Car Insurance

No one in their right mind enjoys paying for car insurance, especially when the cost is way too high. Because there are so many companies and agents to choose from, it's difficult to choose the cheapest car insurance company.

This article will familiarize you with how to effectively get price quotes and some money-saving tips. If you have car insurance now, you should be able to lower your premiums substantially using these techniques. Kentucky drivers only need an understanding of the most efficient way to shop their coverage around over the internet.

Vehicle Insurance Comparison

Most major insurance companies quote pricing online. The process is pretty easy as you just enter your personal and coverage information into the quote form. Behind the scenes, their rating system will obtain your credit score and driving record and returns a price determined by many factors. This makes comparing rates easy, but having to visit different websites and enter the same data into a form is repetitive and time-consuming. Unfortunately, it is important to do this if you are searching for a lower rate.

A less time-consuming method to compare rates utilizes a single form to get prices from more than one company. It's a real time-saver, reduces the work, and makes quoting online a little more enjoyable. After sending the form, it is quoted and you can select any or none of the returned quotes.

If a lower price is quoted, it's easy to complete the application and purchase coverage. It takes 15 minutes at the most and may result in a nice savings.

If you want to find out how much you're overpaying now, click here and enter your information. If you currently have coverage, we recommend you replicate the coverage information identical to your current policy. This way, you will receive an apples-to-apples comparison based on similar coverages.

Why some people pay less for insurance in Georgetown

It's important that you understand the rating factors that help determine your car insurance rates. When you know what positively or negatively determines base rates allows you to make educated decisions that could result in lower car insurance prices.

The following are a few of the "ingredients" companies use to determine premiums.

What are your deductibles? - Physical damage deductibles represent how much money you are required to spend in the event of a claim. Coverage for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Examples of covered claims are colliding with a building, damage caused by hail, and windstorm damage. The higher the amount you're willing to pay, the lower your rates will be.
How's your driving record? - Good drivers have lower premiums compared to drivers with tickets. Only having one citation can increase rates twenty percent or more. Drivers with flagrant tickets like DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to keep their license.
Older drivers save more - Young drivers in Kentucky are known to get distracted easily behind the wheel so car insurance rates are higher. Parents adding a youthful driver to your policy can break the bank. Older drivers are more responsible, tend to file fewer claims and tend to be better behind the wheel.
What type of vehicle do you drive? - The type of vehicle you are insuring makes a big difference in your rates. The lowest rates are for economy passenger models, but there are many factors that impact the final cost.

More discounts equal less premium

Insurance can cost an arm and a leg, but you may find discounts to cut the cost considerably. Certain discounts will be applied when you purchase, but a few need to be manually applied before being credited. If you don't get every credit you qualify for, you're just leaving money on the table.

Homeowners Savings - Owning a home in Georgetown may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
Good Student - Getting good grades can get you a discount of up to 25%. This discount can apply well after school through age 25.
New Car Discount - Putting insurance coverage on a new car can save up to 30% since new cars are generally safer.
Early Switch Discount - Some insurance companies reward drivers for switching to them before your current policy expires. It's a savings of about 10%.
Braking Control Discount - Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
Driver Safety - Completing a driver safety course can save you 5% or more depending on where you live.
Auto/Life Discount - Larger companies have a break if you buy a life insurance policy as well.
Student in College - Any of your kids who attend school more than 100 miles from home and do not have access to a covered vehicle may be able to be covered for less.

Consumers should know that most discount credits are not given to the entire policy premium. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like you can get free auto insurance, companies don't profit that way. Any qualifying discounts will help reduce your premiums.

For a list of insurers who offer car insurance discounts in Kentucky, click this link.

It's not one size fits all

When it comes to choosing the right insurance coverage for your vehicles, there really is no best way to insure your cars. Everyone's situation is a little different so this has to be addressed. Here are some questions about coverages that may help highlight if you might need an agent's assistance.

When do I need to add a new car to my policy?
Do I need to file an SR-22 for a DUI in Kentucky?
Should I file a claim if it's only slightly more than my deductible?
Does my car insurance cover rental cars?
Do I need PIP (personal injury protection) coverage in Kentucky?
Should I have combined single limit or split liability limits?

If it's difficult to answer those questions but one or more may apply to you then you might want to talk to an agent. If you don't have a local agent, simply complete this short form or go to this page to view a list of companies. It's fast, free and can help protect your family.

Additional car insurance information can be found on the website for the Kentucky Department of Insurance located here. Consumers can report car insurance fraud, file complaints about a company, read enforcement actions against agents and companies, and learn about specific coverages.

Other useful links include this page for Kentucky car insurance and this page for help finding agents in Georgetown, KY.

A tidy conclusion

Cost effective car insurance can be bought from both online companies and with local Georgetown insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance providers do not offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

We just showed you some good ideas how to lower your car insurance rates. The most important thing to understand is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the lowest rates come from some of the lesser-known companies. Smaller companies may often insure only within specific states and give getter rates as compared to the big name companies such as .

As you shop your coverage around, don't be tempted to reduce needed coverages to save money. In too many instances, someone dropped physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your focus should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.