6 Discounts Holmes Beach Drivers Forget when Buying Car Insurance
Finding lower rates for Holmes Beach car insurance is a challenge for consumers not familiar with comparison shopping online. Drivers have so many companies to choose from that it can turn into more work than you anticipated to find lower rates in Holmes Beach.
Don't pay full price with these six discounts
Car insurance companies don't necessarily list every discount in a way that's easy to find, so the following is a list of some of the more common and also the lesser-known ways to save on car insurance. If you aren't receiving every discount available, you are paying more than you should be.
- Drivers Ed for Students - Cut your cost by having your teen driver successfully complete driver's ed class in high school.
- Employee of Federal Government - Employees or retirees of the government can earn a discount up to 10% with a few car insurance companies.
- Braking Control Discount - Vehicles equipped with ABS or steering control prevent accidents and qualify for as much as a 10% discount.
- Distant Student - Any of your kids living away from home attending college without a vehicle on campus may be able to be covered for less.
- 55 and Retired - If you're over the age of 55, you can possibly qualify for reduced rates.
- Defensive Driving Course - Taking a driver safety course could save 5% or more if your company offers it.
As a disclaimer on discounts, many deductions do not apply to the entire cost. Most only apply to specific coverage prices like liability and collision coverage. Just because you may think you would end up receiving a 100% discount, car insurance companies aren't that generous.
To choose insurance companies with the best car insurance discounts in Holmes Beach, click this link.
The car insurance bait and switch
Consumers can't ignore all the ads for the lowest price auto insurance by companies like State Farm, Allstate and GEICO. They all make the same claim about savings if you move to them.
How can each company make the same claim? It's all in the numbers.
Different companies can use profiling for the type of driver that makes them money. A good example of a driver they prefer could be between 25 and 40, has no tickets, and drives newer vehicles. Any new insured who matches those parameters is entitled to the best price and therefore will save when they switch companies.
Drivers who don't measure up to the requirements will be quoted a higher premium which leads to business going elsewhere. The ads state "customers who switch" not "everyone that quotes" save money. That's why companies can truthfully claim big savings. This emphasizes why you should compare as many rates as you can. It's just too difficult to predict the company that will give you the biggest savings.
Even more information can be read at the Florida Office of Insurance Regulation website. Consumers can download brochures, find out industry alerts, and read enforcement actions against agents and companies.
A tidy conclusion
Insureds who switch companies do it for a variety of reasons including extreme rates for teen drivers, policy cancellation, not issuing a premium refund or even denial of a claim. Regardless of your reason, finding a new car insurance company is easier than you think.
When trying to cut insurance costs, it's a bad idea to buy poor coverage just to save money. There have been many situations where an insured dropped full coverage and found out when filing a claim that it was a big mistake. The proper strategy is to buy a smart amount of coverage at the best price while still protecting your assets.
Cheap car insurance is possible from both online companies and with local Holmes Beach insurance agents, so you should compare both to have the best selection. A few companies do not offer online price quotes and these small insurance companies work with independent agents.
