Tightwads Tips for Saving on Hanlontown Auto Insurance

Scraping up a payment for overpriced auto insurance can drain your savings account and put a big crunch on your finances. Doing a price comparison is a smart way to reduce premiums and put more money in your pocket. There are many to buy insurance from, and though it is a good thing to have multiple companies, it makes it harder to compare rates.

It's important to check auto insurance prices on a regular basis since insurance rates are constantly changing. Despite the fact that you may have had the best rates on your last policy you will most likely find a better rate today. There is too much inaccurate information about auto insurance online but we're going to give you some great ways to put money back in your pocket.

Buying car insurance in Hanlontown is easy if you know what you're doing. If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these methods. Iowa vehicle owners just need to know the proper way to get comparison quotes over the internet.

Take advantage of discounts

Companies that sell car insurance do not list every available discount very clearly, so the following is a list of some of the best known and the harder-to-find auto insurance savings. If you're not getting every credit you deserve, you are throwing money away.

Anti-theft Discount - Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
E-sign - Certain companies give back up to $50 for buying a policy and signing up over the internet.
Resident Student - Children living away from home attending college and do not have access to a covered vehicle may qualify for this discount.
Senior Discount - If you qualify as a senior citizen, you may be able to get reduced rates.
Government Employees - Active or retired federal employment can save as much as 8% with certain companies.
Good Student Discount - Performing well in school can get you a discount of up to 25%. The good student discount can last well after school through age 25.
Discount for Life Insurance - Select insurance companies reward you with a discount if you purchase a life insurance policy as well.
Low Mileage - Fewer annual miles could qualify for lower rates on the low mileage vehicles.
Drivers Education - Make teen driver coverage more affordable by requiring them to take driver's ed class if it's offered in school.

Consumers should know that most credits do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like comprehensive or collision. Just because you may think all the discounts add up to a free policy, companies don't profit that way.

Are auto insurance companies telling the truth?

Iowa drivers get pounded daily by advertisements for car insurance savings by companies like Allstate and Progressive. All the ads say the same thing that you'll save big after switching to them.

How does each company say the same thing? This is how they do it.

All companies have a preferred profile for the type of driver that earns them a profit. A good example of a preferred risk might be profiled as between 25 and 40, insures multiple vehicles, and has great credit. A propective insured who fits that profile is entitled to the best price and most likely will save when switching.

Potential customers who don't qualify for these standards will be charged higher prices which usually ends up with business not being written. The ads state "drivers who switch" not "people who quote" save money. This is how companies can advertise the savings. That is why you should get quotes from several different companies. It's not possible to predict which insurance companies will fit your personal profile best.

For more Iowa auto insurance information

More detailed Iowa auto insurance information can be read at the Iowa Insurance Division website. Iowa drivers can read consumer alerts, get help finding coverage, read enforcement actions against agents and companies, and learn about insurance regulations.

And the best car insurance company is...

When you buy insurance online, it's very important that you do not buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced collision coverage and discovered at claim time that the few dollars in savings costed them thousands. The aim is to buy a smart amount of coverage for the lowest price, not the least amount of coverage.

Discount auto insurance can be bought on the web and with local Hanlontown insurance agents, so you should compare both so you have a total pricing picture. There are still a few companies who do not offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.