Getting Cheap Lebanon Auto Insurance

Did you fall for a flashy sales pitch and buy high-priced auto insurance? Trust us, many Lebanon consumers feel financially strained by their auto insurance policy. You have multiple to buy insurance from, and although it's nice to have a selection, having more makes it harder to compare rates.

It's important to do rate comparisons at least once a year because prices are constantly changing. Just because you found the lowest price a few years ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about auto insurance because we're going to demonstrate the quickest way to find the best coverage while lowering your premiums.

The purpose of this article is to tell you the best way to quote coverages. If you currently have car insurance, you stand a good chance to be able to cut costs considerably using this strategy. New Jersey drivers only need an understanding of the most efficient way to shop for auto insurance on the web.

These discounts can lower your rates

Car insurance is not cheap, but you may find discounts that you may not know about. Certain discounts will be applied when you quote, but less common discounts must be manually applied prior to getting the savings. If you're not getting every credit possible, you're paying more than you need to.

  • Anti-theft System - Anti-theft and alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Low Mileage - Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
  • Multiple Cars - Buying coverage for all your vehicles on the same auto insurance policy qualifies for this discount.
  • E-sign - Some insurance companies will discount your bill up to fifty bucks simply for signing over the internet.
  • Anti-lock Brake Discount - Anti-lock brake equipped vehicles can avoid accidents and therefore earn up to a 10% discount.
  • Homeowners Discount - Being a homeowner may trigger a auto insurance policy discount because maintaining a house shows financial diligence.
  • Safety Course Discount - Taking a course in driver safety could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Multi-policy Discount - When you combine your home and auto insurance with one insurance company you may save 10% to 20% off each policy.

Consumers should know that most of the big mark downs will not be given the the whole policy. The majority will only reduce the price of certain insurance coverages like comprehensive or collision. So even though it sounds like you would end up receiving a 100% discount, companies don't profit that way. Any qualifying discounts will bring down the cost of coverage.

To see a list of providers with discount auto insurance rates in New Jersey, follow this link.

Lebanon auto insurance quote

Compare the Market for Auto Insurance in Lebanon

Most companies like Allstate and Progressive quote pricing directly from their websites. This process is pretty easy as you simply enter the coverage amounts you desire as detailed in the form. Once you submit the form, the company's rating system will obtain credit information and your driving record and provides a quote based on these and other factors. Quoting online makes comparing rates easy, but the work required to visit several different sites and type in the same information is repetitive and time-consuming. But it's very important to have as many quotes as possible if you are searching for better auto insurance pricing.

The preferred way to find better auto insurance pricing uses one form to return rates from several different companies. The form is fast, eliminates form submissions, and makes quoting online much easier. As soon as you send your information, it is quoted with multiple companies and you can pick any one of the price quotes you receive.

If one or more price quotes are lower than your current rates, you can simply submit the application and buy the new coverage. It just takes a couple of minutes and may result in a nice savings.

To find out what other companies charge, click here to open in new window and complete the simple form. If you have coverage now, it's recommended you duplicate coverages and limits identical to your current policy. This makes sure you will receive comparison quotes based on the exact same insurance coverage.

Why some people pay less for insurance in Lebanon

An important part of buying insurance is that you know some of the elements that play a part in calculating the price you pay for auto insurance. Knowing what determines base rates allows you to make educated decisions that can help you get better auto insurance rates.

Shown below are a partial list of the pieces companies use to determine your rates.

  • Consolidate policies to earn discounts - Some companies give discounts to customers who consolidate policies with them in the form of a multi-policy discount. If you currently are using one company, it's in your best interest to compare rates to make sure you are getting the best deal. Drivers may still find a better deal by buying auto insurance from a different company.
  • Better crash test results mean better rates - Safer cars are cheaper to insure. Safer cars result in less severe injuries and lower injury rates means lower claim amounts and thus lower rates.
  • Protect your assets with liability insurance - Your policy's liability coverage provides coverage in the event that a court rules you are at fault for damages from an accident. Liability provides legal defense up to the limits shown on your policy. Liability is cheap as compared to coverage for physical damage, so buy as much as you can afford.
  • Marriage pays dividends - Having a wife or husband helps lower the price when buying auto insurance. Marriage is viewed as being more mature and responsible it has been statistically shown that being married results in fewer claims.
  • Adjust deductibles and save - Coverage for physical damage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of covered claims could be running into the backend of another car, collision with an animal, and rolling your vehicle. Your deductibles are the amount of money you are willing to pay out-of-pocket if you file a covered claim. The more you're willing to pay, the less your auto insurance will be.
  • Your credit rating is important - Your credit score is a huge factor in calculating your auto insurance rates. Drivers with high credit scores tend to file fewer claims and have better driving records than those with lower ratings. If your credit history is low, you could pay less to insure your by spending a little time repairing your credit.
  • Special features that cut premiums - Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your auto insurance. Theft prevention devices like GM's OnStar, tamper alarm systems and vehicle immobilizers can thwart your car from being stolen.

Are you falling for claims of savings?

New Jersey consumers can't get away from ads that promise big savings by companies like Allstate and Progressive. All the ads say the same thing of big savings if you change to them.

How does each company make almost identical claims? This is how they do it.

Different companies are able to cherry pick for the type of driver that is profitable for them. For instance, a preferred risk could possibly be between the ages of 30 and 50, has no tickets, and drives less than 7,500 miles a year. A customer getting a price quote who fits that profile gets the lowest rates and as a result will probably save when switching.

Potential customers who are not a match for these standards will be charged a higher premium which usually ends up with the driver buying from a lower-cost company. Company advertisements say "drivers who switch" not "everybody who quotes" save money. That's the way insurance companies can confidently advertise the way they do.

That is why drivers must get a wide range of price quotes. It's impossible to know which auto insurance company will provide you with the cheapest rates.

Best coverage at the best price

When shopping online for auto insurance, never reduce coverage to reduce premium. Too many times, an insured dropped liability coverage limits only to discover later that a couple dollars of savings turned into a financial nightmare. The aim is to buy the best coverage you can find for the lowest price, not the least amount of coverage.

Cost effective auto insurance can be sourced online and with local Lebanon insurance agents, and you should compare price quotes from both to have the best rate selection. Some auto insurance companies do not offer the ability to get a quote online and many times these small, regional companies only sell through independent insurance agents.

auto insurance in Lebanon

Additional auto insurance information is located on the website for the New Jersey Department of Banking and Insurance. Click here for link. New Jersey consumers can read consumer alerts, find disaster information, find out which companies have the most complaints, and get help finding coverage.