Tightwads Tips for Saving on Industry Auto Insurance

I can't think of anyone who likes having to buy auto insurance, especially knowing they are paying too much.

Consumers have many to pick from, and although it's nice to have a choice, it can be more difficult to compare rates.

More discounts equal less premium

Auto insurance companies don't always list all available discounts very clearly, so here is a list some of the best known and the harder-to-find ways to save on auto insurance.

  • Multi-car Discount - Having more than one vehicle on one policy qualifies for this discount.
  • Braking Control Discount - Vehicles with anti-lock braking systems are safer to drive and qualify for as much as a 10% discount.
  • New Vehicle Savings - Insuring a new car can save up to 30% since new cars are generally safer.
  • No Accidents - Good drivers with no accidents can earn big discounts when compared with frequent claim filers.
  • Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and therefore earn up to a 10% discount.

Keep in mind that most discount credits are not given to your bottom line cost. Most only reduce the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears it's possible to get free car insurance, it just doesn't work that way.

For a list of insurers offering auto insurance discounts in Illinois, click this link.

Industry Auto Insurance Quote Comparison

Most major insurance companies like Allstate, GEICO and Progressive allow you to get prices online. Getting online quotes is quite easy as you just enter your coverage preferences into the quote form. Once entered, their system will obtain credit information and your driving record and gives you a price quote based on many factors. This simplifies rate comparisons, but the process of having to visit several different sites and type in the same information is not the best way to spend an afternoon. Unfortunately, it is important to get many rate quotes in order to find a lower rate.

A more efficient way to get multiple rate quotes requires only one form to get prices from a lot of companies. It's a real time-saver, eliminates form submissions, and makes online shopping much easier to do. As soon as you send your information, it is rated and you can choose any one of the quotes that you receive. If one or more price quotes are lower than your current rates, you can click and sign and purchase coverage. The entire process takes just a few minutes to complete and may save quite a bit of money.

To quickly find out how much you're overpaying now, click here and input your coverage information. If you have a policy now, it's recommended you enter the coverage information as shown on your current policy. This helps ensure you will be getting comparison quotes based on identical coverages.

It's not one size fits all

When it comes to choosing proper insurance coverage for your vehicles, there isn't really a one size fits all plan. Everyone's situation is unique so this has to be addressed. Here are some questions about coverages that might point out if you would benefit from an agent's advice.

  • Am I covered when driving on a suspended license?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Who is covered when they drive my vehicle?
  • Can I still get insurance after a DUI?
  • Are there companies who specialize in insuring high-risk drivers?
  • Do I really need UM/UIM coverage?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If it's difficult to answer those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies.

Shop smart and save

Affordable auto insurance can be found on the web and also from your neighborhood Industry agents, so you should compare both to have the best selection. Some auto insurance companies may not provide online quoting and usually these smaller companies provide coverage only through local independent agents.

When shopping online for auto insurance, make sure you don't sacrifice coverage to reduce premiums. In too many instances, an insured cut comprehensive coverage or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your focus should be to get the best coverage possible for the lowest price while not skimping on critical coverages.