Getting Cheap Horn Lake Car Insurance

Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Trust us when we tell you you are not the only one feeling buyer's remorse. You have multiple to pick from, and even though it's nice to be able to choose, having more makes it harder to compare rates.

Why some people pay less for insurance in Horn Lake

Consumers need to have an understanding of the different types of things that go into determining the rates you pay for car insurance. Knowing what influences your rates allows you to make educated decisions that could result in lower car insurance prices.

Listed below are a partial list of the pieces companies use to determine premiums.

Liability insurance protects assets - Liability insurance provides coverage if you are found liable for damages from an accident. Liability insurance provides legal defense starting from day one. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.
Do you know your deductibles? - Deductibles for physical damage represent how much money you are willing to pay if you file a covered claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of covered claims would be colliding with a building, collision with an animal, or theft. The more you're willing to pay, the less your car insurance will be.
Poor driving leads to higher costs - Whether or not you get tickets has a lot to do with how much you pay for insurance. Good drivers have lower premiums than bad drivers. Even one speeding ticket can increase rates forty percent or more. Drivers with serious tickets like DWI, reckless driving or hit and run convictions are required to file a proof of financial responsibility form (SR-22) to the state department of motor vehicles in order to continue driving.
Rural vs Urban Areas - Choosing to live in a rural area is a positive aspect when talking about car insurance. Drivers who live in large cities regularly have more traffic problems and a longer drive to work. Less people living in that area means fewer accidents as well as less vandalism and auto theft.
Your credit rating is important - A driver's credit score is a important factor in calculating your car insurance rates. Therefore, if your credit score is lower than you'd like, you could save money insuring your by spending a little time repairing your credit. Drivers with high credit scores tend to file fewer claims and have better driving records than those with poor credit.
Policy add-ons can waste money - There are many extra coverages that you can get tricked into buying when buying car insurance. Coverages for personal injury protection, accidental death and motor club memberships may be costing you every month. These coverages may sound good when you first buy your policy, but if you don't need them eliminate them to save money.

Don't pay full price with these discounts

Auto insurance companies do not list all available discounts very clearly, so we researched both the well known as well as the least known savings tricks you should be using. If you're not getting every credit possible, you are paying more than you should be.

Organization Discounts - Being a member of a qualifying organization is a good way to get lower rates when buying car insurance.
Homeowners Discount - Owning a home in Horn Lake can help you save on car insurance because owning a home shows financial diligence.
Discount for Good Grades - This discount can get you a discount of up to 25%. Earning this discount can benefit you until age 25.
Life Insurance - Some companies give a discount if you purchase a life insurance policy as well.
Auto/Home Discount - If you insure your home and vehicles with the same insurance company you may save up to 20% off your total premium.

It's important to note that most discounts do not apply to all coverage premiums. Most only cut individual premiums such as physical damage coverage or medical payments. So when it seems like you can get free auto insurance, you're out of luck.

To choose insurers offering car insurance discounts in Mississippi, click here to view.

The car insurance bait and switch

Consumers in Mississippi can't ignore all the ads that promise big savings by companies like Allstate, GEICO and Progressive. All the companies make an identical promise that you can save if you switch to them.

How does each company claim to save you money?

All companies are able to cherry pick for the type of driver that makes them money. For instance, a profitable customer might be a mature driver, has no driving citations, and chooses high deductibles. Any new insured who meets those qualifications will qualify for the lowest rates and therefore will save when switching.

Potential insureds who don't measure up to these standards must pay more money and ends up with the customer not buying. The ad wording is "customers that switch" not "everyone that quotes" save money. That's the way insurance companies can state the savings. This illustrates why you should quote coverage with many companies. It's just too difficult to predict which car insurance company will give you the biggest savings.

Additional detailed information is located at the Mississippi Insurance Department website. Visitors are able to find out which companies have the most complaints, report car insurance fraud, file complaints about a company, and view agent and company licensing information.

Other informative sites include this link for Mississippi car insurance quotes and this link which helps you find a Horn Lake agent.

In the end, you save

Lower-priced car insurance is available both online and with local Horn Lake insurance agents, and you need to price shop both in order to have the best chance of saving money. Some insurance companies do not offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

We just covered many tips how you can save on car insurance. The key thing to remember is the more rate comparisons you have, the higher your chance of finding lower rates. Drivers may discover the best price on car insurance is with some of the lesser-known companies. Some small companies often have lower prices on specific markets as compared to the big name companies such as .

When buying insurance coverage, make sure you don't buy poor coverage just to save money. In too many instances, someone sacrificed collision coverage and learned later that their decision to reduce coverage ended up costing them more. Your focus should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.