Easy Ways to Save Money on Hope Valley Auto Insurance

Cutting costs on Hope Valley auto insurance is hard for people who are new to shopping for insurance online. Consumers have so many options that it can easily become a ton of work to locate the lowest price in Hope Valley.

It's important to get comparison quotes before your policy renews because prices are constantly changing. Even if you got the best price two years ago you may be paying too much now. Forget anything you know (or think you know) about auto insurance because I'm going to let you in on the secrets to the only way to eliminate unnecessary coverages and save money.

Cheap Hope Valley Auto Insurance Comparisons

Comparing auto insurance rates is a ton of work if you don't know the best way to get rate quotes. You could spend your day talking to insurance agencies in Hope Valley, or you could use the web to accomplish the same thing much quicker.

All the larger companies participate in a marketplace that allows shoppers to complete one form, and at least one company then gives them pricing based on that data. This eliminates the need for quote forms for each company you want a rate for. To submit your quote information now, click here (opens in new window).

One minor caviat to using this type of system is you are unable to specify which companies to receive prices from. So if you prefer to pick individual companies to compare, we have assembled a list of companies who write auto insurance in Rhode Island. Click here for list of insurance companies in Rhode Island.

Whichever way you use, ensure you're using the exact same coverage limits and deductibles on every quote. If you have different liability limits then you won't be able to make a fair comparison in Hope Valley.

Understand what determines the rate you pay

It's important that you understand some of the elements that go into determining the rates you pay for auto insurance. Understanding what influences your rates helps enable you to make changes that may reward you with better auto insurance rates.

Battle of the sexes - The statistics show that men are more aggressive behind the wheel. That doesn't necessarily mean that men are WORSE drivers than women. Men and women have accidents in similar percentages, but the males cause more damage. They also get cited for more serious violations like DUI and reckless driving. Young males are the most expensive to insure and thus pay the highest rates.
Small claims can cost you - If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Car insurance companies in Rhode Island provide better rates to drivers who do not rely on their insurance for small claims. Car insurance is intended for major claims that would cause financial hardship.
Multi-policy discounts can save money - Most companies will give a discount to insureds who have multiple policies with them. It's known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even with this discount, it's still a good idea to shop around to confirm you are receiving the best rates possible. You may still be able to find better rates by splitting coverages up.
Liability insurance protects assets - Liability insurance will protect you if ever you are found liable for damages caused by your negligence. It provides for a legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to physical damage coverage, so buy as much as you can afford.
Bump up deductibles to save - Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some examples of claims that would be covered would be collision with another vehicle, collision with an animal, or theft. Your deductibles are how much you are willing to pay before a claim is paid by your company. The higher the amount the insured has to pay upfront, the less your company will charge you for insurance.
Rural vs Urban Areas - Being located in a small town can be a good thing when talking about auto insurance. Fewer people means reduced accidents. Drivers who live in large Rhode Island cities have much more traffic to deal with and longer commutes to work. More time commuting means higher likelihood of an accident.
Is your vehicle built for speed? - The make and model of the car you own makes a huge difference in determining your rates. Lower performance four cylinder passenger cars generally receive the lowest base rates, but there are many factors that impact the final cost.
Cautious drivers pay less - Your driving citation history impacts your car insurance rates tremendously. Drivers with clean records get better rates than bad drivers. Just one speeding ticket may increase your cost by twenty percent. Drivers who have serious citations like hit and run, DWI or reckless driving convictions may need to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to continue driving.

How much can you save with discounts?

Auto insurance companies do not advertise all their discounts in an easy-to-find place, so we took the time to find both the well known and also the lesser-known auto insurance savings. If they aren't giving you every credit available, you're just leaving money on the table.

Senior Citizens - Older drivers may qualify for a discount up to 10%.
Employee of Federal Government - Simply working for the federal government can earn a discount up to 10% with select insurance companies.
Anti-theft System - Anti-theft and alarm systems can help prevent theft and earn discounts up to 10%.
Multi-car Discount - Buying insurance for more than one vehicle on one policy can get a discount on all vehicles.
Homeowners Pay Less - Owning a house in Hope Valley may trigger a auto insurance policy discount because owning a home is proof that your finances are in order.

It's important to note that most of the big mark downs will not be given to the entire cost. Some only reduce specific coverage prices like liability, collision or medical payments. So even though it sounds like you could get a free auto insurance policy, you're out of luck.

For a list of companies offering auto insurance discounts in Hope Valley, follow this link.

Additional detailed information can be found at the Rhode Island Division of Insurance Regulation website. Visitors are able to learn about insurance regulations, download brochures, and read consumer alerts.

And the best car insurance company is...

When buying insurance coverage, never reduce needed coverages to save money. There are many occasions where an accident victim reduced physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. Your aim should be to find the BEST coverage at the best price.

Consumers switch companies for a variety of reasons including denial of a claim, extreme rates for teen drivers, policy cancellation and lack of trust in their agent. It doesn't matter what your reason, finding a new auto insurance company is not as hard as you think.

Lower-priced auto insurance can be found both online in addition to many Hope Valley insurance agents, and you need to price shop both to get a complete price analysis. Some insurance companies do not provide online quoting and most of the time these regional insurance providers sell through independent agents.