How to Know You're Paying Too Much for Car Insurance in Lawrenceburg

No one looks forward to buying car insurance, particularly when they are paying too much. You have so many to buy insurance from, and although it's a good thing to have multiple companies, lots of choices makes it harder to compare rates.

Take advantage of discounts

Insurance can be prohibitively expensive, buy you may qualify for discounts that you may not even be aware of. A few discounts will automatically apply when you quote, but lesser-known reductions have to be requested specifically prior to getting the savings. If you're not getting every credit you qualify for, you are throwing money away.

Defensive Driver - Successfully completing a defensive driving course can save you 5% or more if you qualify.
Early Signing - A few companies offer discounts for buying a policy prior to your current policy expiring. This can save 10% or more.
Good Student - Performing well in school can earn a discount of 20% or more. The discount lasts until age 25.
Student in College - Children who live away from home and do not have a car may qualify for this discount.
Save with a New Car - Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.

It's important to note that most credits do not apply to the entire policy premium. Most cut the cost of specific coverages such as liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, you're out of luck. But any discount will bring down your overall premium however.

Learn How to Buy Car Insurance Cheaper

Smart consumers have a good feel for some of the elements that go into determining the rates you pay for car insurance. Knowing what influences your rates helps enable you to make changes that could result in much lower annual insurance costs.

Don't buy coverages you don't need - There are many additional coverages that you can get tricked into buying when buying car insurance. Coverages for roadside assistance, accidental death and membership fees are examples of these. These coverages may sound good at first, but your needs may have changed so eliminate them to save money.
High performance equals high price - The type of car you are insuring makes a huge difference in the rate you pay. The most favorable rates are usually for economy passenger vehicles, but the final cost of insurance is determined by many other factors.
Poor driving leads to higher costs - Drivers with clean records receive lower rates than bad drivers. Just one speeding ticket may increase your cost twenty percent or more. Drivers with serious tickets such as hit and run, DWI or reckless driving convictions are required to file a SR-22 to the state department of motor vehicles in order to continue driving.
Older drivers pay less - Youthful drivers in Indiana are statistically proven to get distracted easily behind the wheel so they pay higher car insurance rates. Adding a young driver onto your car insurance can be very expensive. Older drivers are more responsible, statistically cause fewer accidents and receive fewer citations.

How to know if you need help

When it comes to buying proper insurance coverage for your vehicles, there isn't really a "best" method to buy coverage. Everyone's needs are different and a cookie cutter policy won't apply. These are some specific questions may help highlight whether your personal situation might need professional guidance.

Should I have combined single limit or split liability limits?
Does my car insurance cover rental cars?
Do I need to file an SR-22 for a DUI in Indiana?
Do I pay less if my vehicle is kept in my garage?
Who is covered when they drive my vehicle?
What can I do if my company won't pay a claim?

If you don't know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. If you don't have a local agent, complete this form or go to this page to view a list of companies. It's fast, doesn't cost anything and can provide invaluable advice.

Are car insurance companies telling the truth?

Consumers in Indiana get pounded daily by advertisements for cheaper car insurance from companies such as 21st Century, Allstate and State Farm. All the companies say the same thing that you can save if you switch your policy.

How does each company claim to save you money?

Insurance companies have a certain "appetite" for the right customer that earns them a profit. An example of a profitable customer might be between 30 and 50, a clean driving record, and has a high credit rating. Any new insured who fits that profile gets the lowest rates and most likely will save when switching.

Potential customers who don't qualify for these standards must pay a higher premium which usually ends up with the customer not buying. The ads say "people who switch" not "people who quote" save that kind of money. That is how insurance companies can state the savings.

This illustrates why drivers should compare many company's rates. It's just too difficult to predict which company will have the lowest rates.

Additional Indiana consumer information

More information is available on the website for the Indiana Department of Insurance through this link. Visitors are able to discover disciplinary actions, learn about specific coverages, file complaints about a company, and read enforcement actions against agents and companies.

A tidy conclusion

Lower-priced car insurance is available both online in addition to many Lawrenceburg insurance agents, so compare prices from both to have the best rate selection. Some insurance companies do not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

We just covered a lot of tips how to reduce car insurance prices online. The key thing to remember is the more companies you get rates for, the better chance you'll have of finding lower rates. Consumers may even find the best prices are with an unexpected company. Regional companies often have lower prices on specific markets than their larger competitors like .

As you restructure your insurance plan, it's very important that you do not skimp on coverage in order to save money. There are a lot of situations where someone dropped comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. The proper strategy is to purchase plenty of coverage at an affordable rate while not skimping on critical coverages.