How to Know You're Spending Too Much for Auto Insurance in Jeffersontown

Overpriced auto insurance can empty your savings account and put a big crunch on your finances. Shopping your coverage around is a great way to reduce premiums and put more money in your pocket.

Drivers have so many to pick from, and even though it's nice to be able to choose, too many choices makes it more difficult to compare rates.

It's important to compare prices on a regular basis because prices are constantly changing. Despite the fact that you may have had the best price last year there is a good chance you can find better rates now. Ignore everything you know about auto insurance because we're going to demonstrate one of the best ways to find great coverage at a great price.

How to Lower your Auto Insurance Rates

Consumers need to have an understanding of the factors that help determine the price you pay for auto insurance. Knowing what influences your rates empowers consumers to make smart changes that can help you get big savings.

The following are a few of the "ingredients" used by your company to calculate your rates.

  • Multiple policies with one company can save - Many insurance companies give discounts to customers who carry more than one policy in the form of a multi-policy discount. Even with this discount, you may still want to comparison shop to verify if the discount is saving money.
  • Having a spouse can save you money - Having a spouse can get you a discount on auto insurance. Marriage translates into being more mature and it's statistically proven that married drivers get in fewer accidents.
  • Teen drivers pay high rates - Teen drivers in Kentucky are known to be less responsible when driving so they pay higher auto insurance rates. Adding a youthful driver onto a policy can be quite pricey. More mature drivers tend to be more responsible, file fewer claims and receive fewer citations.
  • More miles equals more premium - Driving more miles in a year's time the higher your rates will be. Almost all companies apply a rate based on their usage. Cars not used for work or commuting qualify for better rates than those used for commuting. Ask your agent if your auto insurance coverage shows the proper vehicle usage.
  • Do you have enough liability coverage? - Liability coverage is the protection in the event that a court rules you are at fault for personal injury or accident damage. It will provide for a legal defense which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so do not skimp.
  • More claims means more premium - Insurance companies in Kentucky generally give lower rates to drivers who do not file claims often. If you tend to file frequent claims, you can expect either a policy non-renewal or much higher rates. Insurance coverage is designed for the bigger claims that can't be paid out-of-pocket.

Jeffersontown auto insurance quote

How to Lower Your Auto Insurance Cost in Jeffersontown, Kentucky

There are several ways of comparing price quotes from local Jeffersontown auto insurance companies. One of the best ways to compare insurance prices is to get quotes online. This is very easy and can be done in just a few minutes using one of these methods.

  1. The fastest way to compare a lot of rates at once is to use a rate comparison form (click to open form in new window). This type of form eliminates the need for separate quotation requests to each individual auto insurance company. One form submission will get you rate comparisons from auto insurance companies with the best prices.
  2. A more difficult way to compare rate quotes requires you to visit the website for each individual company and request a quote. For instance, let's assume you want comparison quotes from , and . To find out each rate you need to go to every website and enter your policy data, which is why most consumers use the first method. To view a list of companies in Jeffersontown, click here.

Whichever method you choose, ensure you are comparing identical coverage information with every price quote. If your comparisons have unequal deductibles or liability limits it will be next to impossible to find the best deal in Jeffersontown. Slightly different limits can result in a big premium difference. Just remember that comparing a large number of companies helps you find the best offered rates.

Take advantage of discounts

Car insurance is not cheap, but discounts can save money and there are some available to cut the cost considerably. Certain discounts will be applied at the time you complete a quote, but less common discounts must be asked for prior to getting the savings.

  • Theft Prevention System - Vehicles with anti-theft systems prevent vehicle theft and qualify for as much as a 10% discount.
  • E-sign - A handful of insurance companies will discount your bill up to fifty bucks just for signing your application over the internet.
  • Resident Student - Youth drivers who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.
  • Life Insurance Discount - Some companies give a discount if you purchase auto and life insurance together.
  • Organization Discounts - Participating in a qualifying organization may earn a discount on your policy.

Keep in mind that some credits don't apply to all coverage premiums. A few only apply to the cost of specific coverages such as comprehensive or collision. So even though they make it sound like having all the discounts means you get insurance for free, it just doesn't work that way. But any discount will bring down your overall premium however.

To choose providers who offer auto insurance discounts in Kentucky, click here.

Are auto insurance companies telling the truth?

Companies like Allstate and Progressive continually stream ads on TV and radio. All the ads have a common claim that you can save after switching your coverage to them. How does each company make almost identical claims?

All the different companies have a preferred profile for the type of customer that makes them money. For example, a preferred risk could possibly be between the ages of 30 and 50, insures multiple vehicles, and drives newer vehicles. A customer getting a price quote that hits that "sweet spot" receives the best rates and most likely will save when switching.

Potential customers who don't qualify for these standards will be charged a more expensive rate and this can result in the driver buying from a lower-cost company. Company advertisements say "people who switch" not "people who quote" save that much money. This is how insurance companies can claim big savings.

That is why you need to get quotes from several different companies. It's impossible to know which insurance companies will give you the biggest savings.

More information can be found on the website for the Kentucky Department of Insurance through this link. Kentucky consumers can read consumer alerts, get help finding coverage, read enforcement actions against agents and companies, and file complaints about an insurance agent or broker.

Other informative sites include BankRate.com's Car Insurance: When not to Skimp and this Jeffersontown agent directory.

Affordable insurance is out there

When trying to cut insurance costs, make sure you don't reduce coverage to reduce premium. Too many times, drivers have reduced physical damage coverage only to discover later that it was a big mistake. The aim is to buy enough coverage at an affordable rate, not the least amount of coverage.

Affordable auto insurance can be bought online as well as from independent agents in Jeffersontown, and you should compare price quotes from both to have the best rate selection. A few companies don't offer online price quotes and many times these regional insurance providers only sell through independent insurance agents.