Top 6 Ways You Can Buy Car Insurance for Less in Holdenville Oklahoma

Are you overwhelmed by the crazy number of car insurance companies in Holdenville? You have a lot of company. People have so many choices that it can turn into a real hassle to find lower rates.

It's important to compare prices at least once a year since rates are constantly changing. Just because you found the best price two years ago a different company probably has better rates today. Forget anything you know (or think you know) about car insurance because you're about to learn how to use online quotes to find the best coverage while lowering your premiums.

Don't pay full price with these six discounts

Companies that sell car insurance don't always list every available discount very well, so we took the time to find both the well known and the harder-to-find discounts you could be receiving.

  • Passive Restraints and Air Bags - Vehicles with factory air bags and/or automatic seat belt systems can receive discounts of 20% or more.
  • Low Mileage - Fewer annual miles can earn a substantially lower rate.
  • No Charge for an Accident - Some insurance companies will allow you to have one accident before your rates go up if you are claim-free for a certain period of time.
  • Discount for Good Grades - Performing well in school can save 20 to 25%. This discount can apply well after school through age 25.
  • Life Insurance Discount - Companies who offer life insurance give a break if you buy life insurance from them.
  • E-sign - Some insurance companies may give you up to $50 for buying your policy online.

A little note about advertised discounts, some credits don't apply the the whole policy. Most cut the price of certain insurance coverages like medical payments or collision. So even though it sounds like you would end up receiving a 100% discount, you won't be that lucky.

Oklahoma car insurance

The car insurance bait and switch

Companies like State Farm and Allstate continually stream ads in print and on television. All the ads have a common claim about savings after switching to their company. But how can every company claim to save you money? This is how they do it.

Different companies are able to cherry pick for the driver that earns them a profit. For example, a preferred risk might be between the ages of 40 and 55, has no tickets, and chooses high deductibles. Any new insured that hits that "sweet spot" gets the lowest rates and therefore will save a lot of money.

Potential customers who don't measure up to this ideal profile will be charged a more expensive rate and this can result in the customer not buying. The ads say "drivers who switch" not "everyone that quotes" save that much. That's the way companies can truthfully state the savings. That is why drivers should get quotes from several different companies. It's just too difficult to predict which car insurance company will give you the biggest savings.

Even more information can be found at the Oklahoma Insurance Department website. Visitors are able to file complaints about a company, discover disciplinary actions, and learn about insurance regulations.

Also read more on NAIC.org's Understanding your Policy and this directory of Holdenville insurance agents.

car insurance in Holdenville

Final considerations

We just covered a lot of ways to reduce car insurance prices online. The most important thing to understand is the more you quote, the better your comparison will be. Consumers could even find that the lowest priced car insurance comes from a smaller regional carrier.

Cheaper car insurance can be sourced both online and also from your neighborhood Holdenville agents, so you should be comparing quotes from both to have the best rate selection. Some insurance companies may not provide you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

When buying insurance coverage, don't be tempted to skimp on coverage in order to save money. There have been many cases where an insured dropped physical damage coverage only to regret at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to purchase plenty of coverage for the lowest price, not the least amount of coverage.