7 Discounts Hampden Drivers Forget when Comparing Car Insurance

Overpriced car insurance can overdraw your personal savings and force you to make sacrifices. Shopping your coverage around is a smart way to slash your bill and have more diposable income. Companies like GEICO and Progressive persitently shower you with fancy advertisements and consumers find it hard to sift through the bull and find the best price available.

Are you getting all your discounts?

Companies don't always advertise every discount in a way that's easy to find, so we researched some of the more common and the harder-to-find car insurance savings. If you aren't receiving every discount you deserve, you're paying more than you need to.

  • Pay Upfront and Save - If you pay your bill all at once instead of paying each month you could save up to 5%.
  • Own a Home - Simply owning a home may trigger a car insurance policy discount because of the fact that having a home shows financial diligence.
  • Drivers Ed for Students - Have your child successfully complete driver's ed class in high school.
  • Government Employees - Being employed by or retired from a federal job can earn a discount up to 10% with a few car insurance companies.
  • Anti-theft System - Anti-theft and alarm systems help deter theft and therefore earn up to a 10% discount.
  • More Vehicles More Savings - Buying coverage for multiple cars or trucks on the same car insurance policy qualifies for this discount.
  • Good Student Discount - A discount for being a good student can save 20 to 25%. Earning this discount can benefit you up to age 25.

Keep in mind that most credits do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates you could get a free car insurance policy, it just doesn't work that way.

To see a list of insurance companies with the best car insurance discounts in Hampden, follow this link.

compare Hampden car insurance rates

How to Lower Your Car Insurance Cost in Hampden, Maine

Most companies allow you to get price estimates directly from their websites. Getting quotes is quite simple as you simply type in the coverages you want as detailed in the form. Once you submit the form, their rating system will obtain reports for credit and driving violations and returns pricing information based on these and other factors. Online quotes streamlines rate comparisons, but the time it takes to visit several different sites and complete many quote forms is repetitive and time-consuming. But it's very important to have as many quotes as possible in order to find the best price on car insurance.

The preferred way to find lower prices is to use a quote form that gets prices from a bunch of companies at once. The form is fast, helps eliminate reptitive entry, and makes quoting online much more efficient. Immediately after submitting the form, it is rated and you are able to buy your choice of the price quotes you receive. If one or more price quotes are lower than your current rates, you simply finish the application and buy the policy. The entire process just takes a couple of minutes and may save quite a bit of money.

To find out if lower rates are available, click here to open in new window and submit the form. If you have coverage now, it's recommended that you enter the limits and deductibles as shown on your current policy. This makes sure you will receive rate comparison quotes based on the exact same insurance coverage.

How can State Farm, Allstate and GEICO save drivers who switch?

Consumers can't get away from ads for car insurance savings from the likes of State Farm, Allstate and GEICO. They all say the same thing that you can save if you move your coverage to them.

How can each company make the same claim? This is how they do it.

Different companies have a preferred profile for the type of customer that is profitable for them. For instance, a driver they prefer could be between the ages of 30 and 50, insures multiple vehicles, and drives newer vehicles. Any new insured who fits that profile will qualify for the lowest rates and as a result will probably save when they switch companies.

Drivers who are not a match for the requirements will be quoted higher premiums which usually ends up with business going elsewhere. The ad wording is "drivers who switch" not "everybody who quotes" save that much money. This is how insurance companies can claim big savings. This emphasizes why drivers must compare many company's rates. It's just too difficult to predict which insurance companies will give you the biggest savings.

Best coverage at the best price

Affordable car insurance is possible from both online companies as well as from independent agents in Hampden, and you should compare price quotes from both to have the best chance of lowering rates. A few companies don't offer the ability to get a quote online and these small, regional companies work with independent agents.

When trying to cut insurance costs, it's a bad idea to reduce coverage to reduce premium. There have been many situations where drivers have reduced liability coverage limits only to discover later that it was a big mistake. The proper strategy is to get the best coverage possible for the lowest price while still protecting your assets.

Additional detailed information is located at the Maine Bureau of Insurance website. Consumers can view a list of available companies, get help finding coverage, download brochures, and read consumer alerts.