Consumer Tested Strategies to Save on Keymar Auto Insurance

Paying for high-priced auto insurance can empty your savings account and force you to make sacrifices. Comparison shopping is free and is an excellent way to lower your monthly bill. Multiple compete to insure your vehicles, and because of this it can be hard to compare and get the definite lowest rate

More discounts equal less premium

Companies that sell car insurance don't list all available discounts in an easy-to-find place, so we took the time to find both well-publicized and also the lesser-known ways to save on auto insurance. If they aren't giving you every credit you deserve, you are throwing money away.

Fewer Miles Equal More Savings - Keeping the miles down can earn better rates on cars that stay parked.
Own a Home - Owning a home in Keymar may earn you a small savings because of the fact that having a home is proof that your finances are in order.
Student Driver Training - Make teen driver coverage more affordable by requiring them to enroll in driver's education in high school.
More Vehicles More Savings - Having multiple cars or trucks on one policy can get a discount on all vehicles.
Student in College - Any of your kids who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.
Government Employees - Active or retired federal employment may qualify you for a discount depending on your company.

A little note about advertised discounts, most discount credits are not given to all coverage premiums. Most only cut specific coverage prices like liability and collision coverage. So when the math indicates having all the discounts means you get insurance for free, you won't be that lucky.

Why some people pay less for insurance in Keymar

Smart consumers have a good feel for the rating factors that come into play when calculating the price you pay for auto insurance. Understanding what impacts premium levels allows you to make educated decisions that could result in big savings.

The list below includes a few of the "ingredients" companies use to determine premiums.

Extra add-on coverages are wasting money - There are a lot of add-on coverages that you can get tricked into buying on your auto insurance policy. Coverages like personal injury protection, accidental death and motor club memberships may be wasting your money. These may sound like a good investment initially, but if you don't need them get rid of them and save.
Discounts for married couples - Having a spouse actually saves money on your auto insurance policy. Having a spouse is viewed as being more responsible and statistics show married drivers get in fewer accidents.
Equipment add-ons that lower auto insurance rates - Purchasing a vehicle with a theft deterrent system can save you a little every year. Anti-theft devices like GM's OnStar, tamper alarm systems and vehicle immobilizers all aid in stopping your vehicle from being stolen.
Safe vehicles cost less to insure - Vehicles with good safety scores tend to have better insurance rates. Safe vehicles result in less severe injuries and lower injury rates translates into savings for insurance companies and lower rates for you.
High deductibles save money - Physical damage deductibles represent how much money you are required to spend out-of-pocket before a claim is paid by your company. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims could be colliding with a building, vandalism, and burglary. The higher the amount you're willing to pay, the bigger discount you will receive.
Discounts for multiple policies - The majority of auto insurance companies will award you with lower prices to customers who buy several policies from them. It's known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even if you're getting this discount it's still a good idea to compare other company rates to make sure you are getting the best deal.

Switch companies and save? Really?

Maryland consumers get pounded daily by advertisements for car insurance savings by companies like 21st Century, Allstate and State Farm. All the companies make the same claim about savings if you move to them.

How do they all make almost identical claims? It's all in the numbers.

All the different companies have a preferred profile for the type of driver that earns them a profit. For example, a profitable customer could possibly be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. A customer getting a price quote who matches those parameters will qualify for the lowest rates and therefore will cut their rates substantially.

Potential customers who do not match the "perfect" profile must pay a more expensive rate which leads to the driver buying from a lower-cost company. The ad wording is "customers who switch" not "everyone that quotes" save money. This is how companies can truthfully make the claims of big savings. This illustrates why drivers should get quotes from several different companies. It's impossible to know which insurance companies will fit your personal profile best.

For more Maryland auto insurance information

Even more information can be found at the Maryland Insurance Administration website. Maryland consumers can discover disciplinary actions, get help finding coverage, view a list of available companies, and find disaster information.

A tidy conclusion

Cheaper auto insurance is possible online and with local Keymar insurance agents, and you should compare price quotes from both to have the best rate selection. Some insurance providers do not offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

As you shop your coverage around, you should never skimp on coverage in order to save money. There are a lot of situations where drivers have reduced physical damage coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.