Consumer Tested Strategies to Save on Lake Mary Auto Insurance

Nobody I know likes paying for auto insurance, especially knowing they are paying too much. Multiple compete for your insurance dollar, and it can be difficult to compare rates and uncover the absolute lowest rate

If you have insurance now or are shopping for new coverage, you will benefit by learning to find better prices while maximizing coverage. Buying car insurance in Lake Mary is quite easy. Florida drivers only need an understanding of the most efficient way to get comparison quotes online.

Lake Mary Rates are Influenced by These Factors

Consumers need to have an understanding of the rating factors that go into determining auto insurance rates. Understanding what determines base rates enables informed choices that could result in big savings.

Listed below are some of the factors auto insurance companies consider when setting premiums.

  • Add-on coverages can add up - There are many additional coverages that you can get tricked into buying if you aren't careful. Coverages like roadside assistance, accidental death and term life insurance may be wasting your money. They may seem good when you first buy your policy, but if they're wasting money get rid of them and save.
  • Credit scores impact auto insurance rates - A driver's credit score is a important factor in determining your rates. So if your credit is lower than you'd like, you could save money insuring your by repairing your credit. Drivers who have high credit scores tend to be better drivers and file fewer claims than drivers with poor credit.
  • Do you qualify for a multi-policy discount? - Most auto insurance companies will award you with lower prices to people who carry more than one policy. It's known as a multi-policy discount. Discounts can be ten or even up to twenty percent in some cases. If you currently are using one company, you still need to comparison shop to ensure the best deal.
  • Higher safety ratings means cheaper insurance - Vehicles with good safety scores tend to have better insurance rates. Safe vehicles reduce injuries and better occupant protection means less money paid by your insurance company and lower rates for you.

auto insurance in Lake Mary

Lake Mary Auto Insurance Quote Comparison

Reducing your insurance rates can be quick and easy. Just invest a little time to compare quotes online with multiple companies. This is very easy and can be done in a couple of different ways.

  1. The fastest way to get quotes for comparison is to use a rate comparison form like this one (opens in new window). This form prevents you from having to do boring form submissions to each individual auto insurance company. A single form compares rates from all major companies.
  2. A less efficient way to compare rate quotes is going to the website for every company you want to comare to request a price quote. For examples sake, we'll pretend you want to compare , and . To find out each rate you need to take the time to go to each site and enter your information, which is why the first method is more popular.

    To view a list of companies in Lake Mary, click here.
  3. The hardest method to compare rates is to waste gas driving to and from local insurance agencies. Buying insurance online eliminates the need for an insurance agent unless you require the professional guidance only provided by licensed agents. Drivers can find lower rates online and still use a local agent and we'll touch on that later.

It's up to you how you get prices quotes, just make absolute certain that you use the exact same coverage limits and deductibles for each price quote. If you use different liability limits it's not possible to truly determine the lowest rate in Lake Mary.

Take advantage of discounts

Companies offering auto insurance don't list all available discounts in an easy-to-find place, so here is a list some of the best known as well as the least known ways to save on auto insurance. If they aren't giving you every credit you qualify for, you are paying more than you should be.

  • Defensive Driver - Taking part in a course teaching defensive driving skills can save you 5% or more if your company offers it.
  • Braking Control Discount - Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
  • Theft Prevention System - Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
  • Fewer Miles Equal More Savings - Driving fewer miles can qualify you for better rates on cars that stay parked.
  • Payment Discounts - If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • Student in College - Any of your kids who live away from home and do not have a car may qualify for this discount.
  • Paperless Signup - A handful of insurance companies give back up to $50 simply for signing on their website.

It's important to understand that most discount credits are not given to your bottom line cost. Most only apply to individual premiums such as liability and collision coverage. Even though it may seem like all those discounts means the company will pay you, it doesn't quite work that way.

To choose insurers offering auto insurance discounts in Lake Mary, click this link.

Are auto insurance companies telling the truth?

Florida drivers can't ignore all the ads for cheaper car insurance by 21st Century, Allstate and State Farm. All the companies make the same claim of big savings if you switch to their company.

How do they all say the same thing?

All the different companies have a certain "appetite" for the driver that makes them money. An example of a profitable customer might be profiled as between the ages of 30 and 50, owns a home, and has a high credit rating. A propective insured who matches those parameters is entitled to the best price and most likely will cut their rates substantially.

Drivers who don't qualify for the "perfect" profile must pay higher premiums which leads to business not being written. The ads state "customers that switch" not "people who quote" save that much. That is how insurance companies can confidently state the savings. This illustrates why you need to get as many quotes as possible. It's not possible to predict which company will have the lowest rates.

How to know if you need help

When buying proper insurance coverage for your vehicles, there is no one size fits all plan. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions might point out whether your personal situation might need an agent's assistance.

  • Do I really need UM/UIM coverage?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Does my personal auto insurance policy cover using my vehicle for business use?
  • Is my dog or cat covered if injured in an accident?
  • What can I do if my company won't pay a claim?
  • What are Florida no-fault laws?
  • Do I need special endorsements for business use of my vehicle?

If it's difficult to answer those questions, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It is quick, free and can help protect your family.

More tips and info about auto insurance is available at the Florida Office of Insurance Regulation website. Florida drivers can discover disciplinary actions, find out industry alerts, read consumer alerts, and find disaster information.

Lake Mary auto insurance quote

Best coverage at the best price

Low-cost auto insurance can be found on the web and also from your neighborhood Lake Mary agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

As you restructure your insurance plan, you should never reduce coverage to reduce premium. There are a lot of situations where an insured cut comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. The proper strategy is to buy a smart amount of coverage at a price you can afford while not skimping on critical coverages.