Goodwell Car Insurance For Less Than You're Paying Now

Cutting costs on Goodwell car insurance is hard for consumers not familiar with buying insurance online. You have so many companies to choose from that it can be a lot of work to find the best price in Goodwell.

It's important to compare prices once or twice a year due to the fact that insurance rates are constantly changing. Even if you got the lowest rates a couple years back there is a good chance you can find better rates now. So forget all the misinformation about car insurance because I'm going to teach you the tricks you need to know to find lower rates on car insurance.

How to Lower your Car Insurance Rates

Consumers need to have an understanding of some of the elements that go into determining the rates you pay for car insurance. Knowing what impacts premium levels empowers consumers to make smart changes that may reward you with much lower annual insurance costs.

Listed below are a few of the "ingredients" used by your company to calculate rates.

  • Your spouse saves you money - Having a spouse can actually save you money when buying car insurance. It translates into being more responsible and it's statistically proven that drivers who are married are more cautious.
  • Theft deterrents lower rates - Driving a car that has an advanced theft prevention system can get you a discount on your car insurance. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all hinder your car from being stolen.
  • Do you know you're credit rating? - Credit score is a large factor in your rate calculation. If your credit score is lower than you'd like, you could save money insuring your by spending a little time repairing your credit. People with excellent credit tend to be more responsible than drivers who have poor credit.
  • Big city or small town - Being located in small towns and rural areas can be a good thing when talking about car insurance. City drivers regularly have much more traffic and longer commute times. Fewer drivers means a lower chance of having an accident.
  • Teen drivers pay high rates - Youthful drivers in Oklahoma are statistically proven to be more careless in a vehicle so they pay higher car insurance rates. Mature drivers are viewed as being more responsible, statistically cause fewer accidents and are safer drivers.
  • Liability coverage protects you - Liability insurance will protect you if ever you are found liable for personal injury or accident damage. It provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to physical damage coverage, so buy as much as you can afford.
  • More miles equals more premium - The more miles you rack up on your car every year the more you will pay for car insurance. Almost all companies charge to insure your cars based upon how you use the vehicle. Vehicles used primarily for pleasure use qualify for better rates compared to those used for work or business. Double check that your car insurance policy shows how each vehicle is driven.

How to Compare Car Insurance Costs in Goodwell

There are several ways you can shop for car insurance but one way is less labor-intensive and much quicker. You can spend your afternoon talking to insurance companies in Goodwell, or you can utilize online quotes to get prices fast.

Most of the larger companies belong to a marketplace that allows shoppers to submit one quote, and each participating company then gives them pricing determined by their information. This eliminates the need for form submissions for each company you want a rate for. To submit your quote information now, click here to open in new window.

The only drawback to doing it this way is you can't choose which providers you want pricing from. So if you want to select from a list of companies to compare prices, we put together a list of low cost car insurance companies in Oklahoma. Click here for list of insurance companies in Oklahoma.

It doesn't matter which method you choose, just double check that you are using identical coverage limits and deductibles for each price quote. If your comparisons have different liability limits it will be next to impossible to truly determine the lowest rate in Goodwell. Just a small difference in coverages can result in a big premium difference. It's important to know that comparing a large number of companies helps you find the best rates.

How much can you save with discounts?

Companies offering auto insurance don't always advertise all their discounts very clearly, so we break down both the well known and the more hidden car insurance savings.

  • Homeowners Pay Less - Owning a house in Goodwell may trigger a car insurance policy discount because owning a home is proof that your finances are in order.
  • Lower Rates for Military - Having a deployed family member could mean lower rates.
  • Anti-lock Brake Discount - Vehicles equipped with ABS or steering control are safer to drive and will save you 10% or more.
  • Discount for Life Insurance - Companies who offer life insurance give a discount if you purchase life insurance.
  • Senior Citizens - If you're over the age of 55, you may qualify for a small decrease in premiums.
  • Multi-car Discount - Buying insurance for more than one vehicle with the same company could earn a price break for each car.

As a disclaimer on discounts, most credits do not apply to the entire cost. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So when it seems like adding up those discounts means a free policy, car insurance companies aren't that generous.

To choose companies offering car insurance discounts in Oklahoma, follow this link.

Save 15 percent in 15 minutes? Is it for real?

Car insurance companies such as State Farm, GEICO and Progressive constantly bombard you with television and radio advertisements. They all seem to say the same thing about savings if you switch your coverage to them. How does each company claim to save you money?

Insurance companies can use profiling for the type of customer that makes them money. For example, a desirable insured might be between the ages of 30 and 50, has no tickets, and drives less than 10,000 miles a year. Any driver who fits that profile receives the best rates and is almost guaranteed to save when switching.

Drivers who don't meet these standards will have to pay higher premiums which usually ends up with the customer not buying. Company advertisements say "people who switch" but not "drivers who get quotes" save that much money. That's why companies can truthfully advertise the way they do. Because of the profiling, you need to get a wide range of price quotes. You cannot predict the company that will provide you with the cheapest rates.

Even more information can be found at the Oklahoma Insurance Department website. Visitors are able to get help finding coverage, view a list of available companies, and find out industry alerts.

Other informative sites include this page for Oklahoma car insurance and this page for help finding agents in Goodwell, OK.

compare Goodwell car insurance rates

Final considerations

Cheap car insurance can be found both online as well as from independent agents in Goodwell, and you should compare price quotes from both to have the best chance of lowering rates. Some car insurance companies don't offer online price quotes and most of the time these regional insurance providers sell through independent agents.

Consumers switch companies for many reasons like an unsatisfactory settlement offer, unfair underwriting practices, policy cancellation or even delays in paying claims. It doesn't matter what your reason, finding the right car insurance provider is easier than you think.

As you go through the steps to switch your coverage, make sure you don't reduce coverage to reduce premium. In many cases, an insured dropped uninsured motorist or liability limits only to regret that the savings was not a smart move. Your aim should be to buy enough coverage at an affordable rate.