Tightwads Tips for Saving on Lake Wales Car Insurance

Have you had enough of scraping the payment together each month for car insurance? Your situation is no different than many other drivers in Florida. You have multiple to buy insurance from, and although it's a good thing to be able to choose, having more makes it harder to compare rates.

Buying car insurance in Lake Wales is easy if you know what you're doing. If you have car insurance now, you will most likely be able to reduce your rates substantially using these methods. Florida vehicle owners just need to know the proper way to get comparison quotes online.

Why some people pay less for insurance in Lake Wales

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

Listed below are some of the items companies use to determine premiums.

Liability coverage is peace of mind - Liability insurance will protect you if you are found to be at fault for damages from an accident. It will provide you with a defense in court starting from day one. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.
Safe vehicles cost less to insure - Cars with high safety ratings can get you lower premiums. Safe vehicles result in less severe injuries and fewer injuries translates into fewer and smaller insurance claims and thus lower rates.
How's your driving record? - 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 ticket can increase rates by twenty percent. Drivers with serious tickets such as DWI, reckless driving or hit and run convictions are required to file a SR-22 with their state motor vehicle department in order to continue driving.
With age comes lower rates - Young drivers in Florida are statistically proven to get distracted easily in a vehicle so they pay higher car insurance rates. Mature drivers are more responsible, tend to file fewer claims and receive fewer citations.
Your credit rating is important - A driver's credit score is a important factor in your rate calculation. So if your credit rating 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 as compared to drivers with poor credit.
Don't buy coverages you don't need - There are many extra bells and whistles that you can get tricked into buying on your policy. Coverages for roadside assistance, accidental death and motor club memberships may be costing you every month. They may seem like a good idea when you first buy your policy, but if you don't need them eliminate them to save money.
Too many car insurance claims drive up costs - If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Auto insurance companies in Florida award lower rates to people who file claims infrequently. Auto insurance is meant to be used in the event of major claims that would cause financial hardship.

Take advantage of discounts

Car insurance companies don't necessarily list all available discounts very clearly, so the following is a list of some of the more common as well as the least known savings tricks you should be using. If you're not getting every credit available, you are paying more than you should be.

Organization Discounts - Belonging to a qualifying organization is a good way to get lower rates when buying car insurance.
Military Rewards - Being on active duty in the military could mean lower rates.
Good Students Pay Less - This discount can get you a discount of up to 25%. The good student discount can last until age 25.
New Car Discount - Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
Early Signing - Some insurance companies reward drivers for switching to them prior to your current policy expiration. This can save 10% or more.
Anti-lock Brake System - Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
Anti-theft Discount - Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
Fewer Miles Equal More Savings - Driving fewer miles could qualify for discounted rates on garaged vehicles.
Homeowners Pay Less - Owning a home in Lake Wales can help you save on car insurance because owning a home demonstrates responsibility.

Consumers should know that most discount credits are not given to the entire cost. Most only cut individual premiums such as physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, companies don't profit that way.

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

Are car insurance companies telling the truth?

Consumers can't ignore all the ads for the lowest price auto insurance by companies like Allstate, GEICO and Progressive. All the companies make an identical promise that you'll save big if you switch to them.

How does each company make the same claim?

All companies can use profiling for the type of driver that makes them money. A good example of a profitable customer could be between 25 and 40, has no tickets, and drives less than 10,000 miles a year. A customer who meets those qualifications will qualify for the lowest rates and most likely will save when switching.

Potential insureds who don't qualify for these standards must pay more money and ends up with business going elsewhere. The ad wording is "customers that switch" not "people who quote" save money. That's why companies can advertise the way they do. This illustrates why you should compare as many rates as you can. Because you never know the company that will provide you with the cheapest rates.

More detailed Florida car insurance information can be read at the Florida Office of Insurance Regulation website. Consumers can find out which companies have the most complaints, find disaster information, file complaints about a company, and read enforcement actions against agents and companies.

Best coverage at the best price

Discount car insurance is available from both online companies and with local Lake Wales insurance agents, so you should compare both in order to have the best chance of saving money. Some car insurance companies do not offer online price quotes and usually these small insurance companies provide coverage only through local independent agents.

We just showed you some good ideas how you can save on car insurance. The key thing to remember is the more rate comparisons you have, the better chance you'll have of finding lower rates. Drivers may discover the most savings is with a small local company. Some small companies may often insure only within specific states and give getter rates than their larger competitors like .