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

Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Trust us when we tell you you are not the only one feeling buyer's remorse.

Numerous battle for your hard-earned dollar, so it can be very hard to choose a to get the lowest rate

It's important to shop coverage around every six months because prices are constantly changing. Even if you got the best rates a few years ago you will most likely find a better rate today. You can find a lot of wrong information about auto insurance online but I'm going to show you some great ways to put money back in your pocket.

If you have car insurance now, you will be able to reduce your rates substantially using this strategy. Finding the best rates in Hallowell is quite easy. Nevertheless, Maine consumers do need to know the way insurance companies price insurance differently.

These discounts can lower your rates

Companies that sell car insurance don't list all their discounts in an easy-to-find place, so the following is a list of both the well known as well as the least known discounts you could be receiving.

  • Life Insurance Discount - Larger companies have lower rates if you buy a life insurance policy as well.
  • Multiple Vehicles - Buying coverage for multiple vehicles on one policy may reduce the rate for each vehicle.
  • Drive Less and Save - Fewer annual miles could qualify for a substantially lower rate.
  • Student Driver Training - Make teen driver coverage more affordable by requiring them to complete a driver education course if it's offered in school.
  • Payment Method - By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • Driver Safety - Completing a defensive driving course could possibly earn you a 5% discount if you qualify.
  • Homeowners Discount - Owning a house in Hallowell can save you money due to the fact that maintaining a home demonstrates responsibility.
  • Claim Free - Drivers with accident-free driving histories pay less as compared to drivers who are more careless.

Consumers should know that some credits don't apply to all coverage premiums. Some only apply to individual premiums such as collision or personal injury protection. Just because you may think all the discounts add up to a free policy, companies don't profit that way.

Maine auto insurance quotes

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 have a common claim of big savings after switching your coverage to them. How do they all claim to save you money?

All companies are able to cherry pick for the type of customer that earns them a profit. A good example of a desirable insured might be a mature driver, has no driving citations, and drives less than 7,500 miles a year. A customer getting a price quote that hits that "sweet spot" will qualify for the lowest rates and as a result will probably cut their rates substantially.

Potential customers who are not a match for the "perfect" profile will have to pay a higher premium and this can result in the customer not buying. The ad wording is "customers that switch" not "everybody who quotes" save that much money. That's the way insurance companies can confidently advertise the way they do. Because of the profiling, you should get quotes from several different companies. It's impossible to know which auto insurance company will provide you with the cheapest rates.

Learn more about Maine auto insurance

More tips and info about auto insurance can be read at the Maine Bureau of Insurance website. Visitors are able to file complaints about an insurance agent or broker, report car insurance fraud, discover disciplinary actions, and find disaster information.

Affordable insurance is out there

When shopping online for auto insurance, you should never buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible at a price you can afford.

Cost effective auto insurance can be purchased both online as well as from independent agents in Hallowell, and you need to price shop both to have the best rate selection. Some auto insurance companies don't offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.