How to Know You're Throwing Money Away for Auto Insurance in Hodgenville

Are you tired of being strong-armed each month for car insurance? Your situation is no different than the majority of other car owners in Kentucky. You have so many to pick from, and although it's nice to have a choice, lots of choices makes it harder to compare rates.

It's important to price shop coverage before your policy renews because insurance rates are constantly changing. Just because you found the best deal on your last policy you may be paying too much now. Starting now, forget all the misinformation about auto insurance because you're about to learn the proper way to lower your annual insurance bill.

Finding the best rates in Hodgenville is quite easy. If you are paying for car insurance now, you stand a good chance to be able to save some money using this strategy. Kentucky drivers only need an understanding of how to shop for auto insurance on the web.

Comparison of Auto Insurance in Hodgenville

Most major insurance companies like Progressive, GEICO, Allstate and State Farm quote coverage price quotes on the web. Getting online rates doesn't take a lot of time as you just type in as detailed in the form. Behind the scenes, the company's rating system will obtain your credit score and driving record and provides a quote. This makes it a lot easier to compare rates but the work required to visit each company's website and repetitively enter the same data into a form is monotonous and tiresome. But it's very important to perform this step if you are searching for better auto insurance pricing.

A less time-consuming method to lower your auto insurance bill uses one simple form that gets price quotes from multiple companies. The form is fast, reduces the work, and makes rate comparisons much easier. After sending your information, it is quoted with multiple companies and you can pick any one of the returned quotes. If the quotes result in lower rates, you can simply submit the application and purchase the new policy. It only takes a few minutes and may result in a nice savings.

To save time and find out what other companies charge, click here to open in new window and input your coverage information. If you have a policy now, it's recommended you complete the form with coverages and limits identical to your current policy. This way, you will have comparison quotes based on similar coverages.

Learn How to Buy Auto Insurance Cheaper

It's important that you understand some of the elements that play a part in calculating the price you pay for auto insurance. Knowing what determines base rates helps enable you to make changes that may reward you with big savings.

Shown below are some of the factors that factor into rates.

Males pay more for insurance - The statistics show that women are safer drivers than men. Now that doesn't mean men are WORSE drivers than women. They both are in accidents at about the same rate, but the males tend to have more serious accidents. They also get cited for more serious violations such as DWI and reckless driving.
Do you work long hours in a high stress job? - Jobs such as doctors, architects and financial analysts are shown to have higher average rates attributed to job stress and lots of time spent at work. Conversely, occupations such as farmers, engineers and retirees pay the least.
Bump up deductibles to save - Coverage for physical damage, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some examples of claims that would be covered could be colliding with a building, vandalism, and rolling your vehicle. Your deductibles are how much you are willing to pay out-of-pocket if you file a covered claim. The more money the insured has to pay upfront, the less your company will charge you for insurance.
More miles equals more premium - The higher the mileage driven every year the more you will pay for auto insurance. The majority of insurers apply a rate determined by how the vehicle is used. Vehicles not used for work or commuting can get a lower rate than vehicles that are driven to work every day. Ask your agent if your auto insurance declarations sheet shows the correct usage for each vehicle, because it can save money.
Better crash test results mean better rates - Vehicles with good safety scores are cheaper to insure. These vehicles have better occupant injury protection and lower injury rates translates into fewer and smaller insurance claims and thus lower rates.
Your car's features help determine rates - Driving a car that has an advanced theft prevention system can get you a discount on your auto insurance. Theft prevention devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your car from being stolen.
More than one policy can earn a discount - Some companies will give a discount to customers who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, you may still want to shop around to confirm you are receiving the best rates possible. Drivers may still find better rates by buying auto insurance from a different company.
Traffic violations increase rates - Your driving citation history has a lot to do with how much you pay for insurance. Just one speeding ticket may increase your cost by as much as thirty percent. Drivers with clean records receive lower rates than their less careful counterparts. Drivers who have dangerous citations such as hit and run, DWI or reckless driving convictions may need to submit a SR-22 form with their state DMV in order to prevent a license revocation.

These discounts can lower your rates

Companies offering auto insurance don't always publicize all their discounts very clearly, so here is a list both well-publicized and the more hidden auto insurance savings. If you're not getting every credit available, you're just leaving money on the table.

Save over 55 - Older drivers may receive a discount up to 10%.
No Claims - Claim-free drivers can earn big discounts as compared to frequent claim filers.
Multiple Cars - Buying coverage for all your vehicles on one policy could earn a price break for each car.
Discount for Life Insurance - Larger companies have a discount if you purchase auto and life insurance together.
Drive Less and Save - Low mileage vehicles can qualify you for lower rates on the low mileage vehicles.
Military Discounts - Having a deployed family member could be rewarded with lower premiums.
Theft Prevention System - Anti-theft and alarm systems prevent vehicle theft and qualify for as much as a 10% discount.
Air Bag Discount - Factory air bags may earn rate discounts of up to 25% or more.

Consumers should know that most of the big mark downs will not be given to the entire cost. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. So even though it sounds like all those discounts means the company will pay you, companies don't profit that way.

For a list of companies with discount auto insurance rates in Kentucky, follow this link.

More tips and info about auto insurance is available at the Kentucky Department of Insurance website. Kentucky consumers can learn about insurance regulations, read industry bulletins, report car insurance fraud, and file complaints about an insurance agent or broker.

Other useful links include this Car Insurance FAQ and this page of insurance agents in Hodgenville.

Best coverage at the best price

When you buy insurance online, make sure you don't reduce needed coverages to save money. There are many occasions where an accident victim reduced liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find at an affordable rate.

Cost effective auto insurance can be sourced online in addition to many Hodgenville insurance agents, and you need to comparison shop both so you have a total pricing picture. There are still a few companies who do not provide online quoting and most of the time these smaller companies sell through independent agents.