6 Top Tips to Cut Car Insurance Costs in Haubstadt, IN
Are you overwhelmed by the wide range of car insurance company choices in Haubstadt? Many other drivers are as well. You have so many options available that it can turn into more work than you anticipated to find better rates.
It's important to do rate comparisons at least once a year since rates are constantly changing. Just because you found the best rates a few years ago a different company probably has better rates today. There is a lot of wrong information about car insurance online but we're going to give you some great ways to find cheap car insurance.
Are you getting all your discounts?
Companies don't list every available discount very well, so the following is a list of both the well known as well as the least known discounts you could be receiving. If you don't get every credit possible, you are throwing money away.
- Anti-theft Discount - Vehicles with anti-theft systems are stolen less frequently and will save you 10% or more.
- Low Mileage - Low mileage vehicles could qualify for a substantially lower rate.
- Homeowners Discount - Being a homeowner can save you money because maintaining a house demonstrates responsibility.
- Discount for Good Grades - Performing well in school can get you a discount of up to 25%. The good student discount can last up until you turn 25.
- Multi-policy Discount - If you have multiple policies with one insurance company you may save up to 20% off your total premium.
- Anti-lock Brakes - Cars that have steering control and anti-lock brakes can avoid accidents and therefore earn up to a 10% discount.
Keep in mind that some of the credits will not apply the the whole policy. Some only apply to individual premiums such as comprehensive or collision. Just because it seems like all the discounts add up to a free policy, it just doesn't work that way.
How can Allstate and Progressive save drivers who switch?
Consumers in Indiana get pounded daily by advertisements that promise big savings by companies like Allstate and Progressive. All the ads have a common claim that you can save if you change to them.
But how can every company claim to save you money?
All companies are able to cherry pick for the type of driver that earns them a profit. A good example of a preferred risk might be between the ages of 30 and 50, has no tickets, and drives less than 7,500 miles a year. Any new insured that hits that "sweet spot" will qualify for the lowest rates and as a result will probably save a lot of money.
Consumers who are not a match for this ideal profile will be charged higher rates and this can result in the customer not buying. The ad wording is "customers that switch" not "everybody who quotes" save money. That's the way insurance companies can advertise the way they do. That is why drivers should compare many company's rates. It's just too difficult to predict which car insurance company will provide you with the cheapest rates.
Find out more about car insurance
Additional detailed information can be read at the Indiana Department of Insurance website. Visitors are able to read consumer alerts, find disaster information, and report car insurance fraud.
Also read more on BankRate.com's Car Insurance: When not to Skimp and this Haubstadt agent directory.
In the end, you save
When shopping online for car insurance, don't be tempted to skimp on coverage in order to save money. Too many times, an insured dropped full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The aim is to get the best coverage possible at a price you can afford, not the least amount of coverage.
Affordable car insurance can be sourced both online and with local Haubstadt insurance agents, and you should compare price quotes from both to get a complete price analysis. Some car insurance companies do not offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.
We just covered a lot of techniques to reduce car insurance prices online. It's most important to understand that the more quotes you get, the more likely it is that you will get a better rate. Consumers may even find the lowest rates come from some of the lesser-known companies.
