Tightwads Guide for Saving on Limerick Auto Insurance

Are you sick and tired of not being able to afford each month for car insurance? You are in the same boat as the majority of other car owners in Maine.

Online insurance companies like GEICO and Progressive constantly blast consumers with ad campaigns and consumers find it hard to sift through the bull and effectively compare rates to find the best deal.

Take advantage of discounts

Companies don't necessarily list every discount in a way that's easy to find, so we break down both the well known as well as the least known discounts you could be receiving.

  • Seat Belt Usage - Buckling up and requiring all passengers to wear their seat belts could cut 10% or more off your PIP or medical payments premium.
  • No Claims - Claim-free drivers can save substantially when compared to drivers who are more careless.
  • Low Mileage Discounts - Keeping the miles down can earn a substantially lower rate.
  • One Accident Forgiven - A handful of insurance companies will forgive one accident before your rates go up if your claims history is clear prior to the accident.
  • Multiple Policy Discount - If you have multiple policies with the same company you will save up to 20% off your total premium.
  • Anti-lock Brakes - Cars that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Most only apply to individual premiums such as comp or med pay. Just because you may think it's possible to get free car insurance, auto insurance companies aren't that generous.

Are auto insurance companies telling the truth?

Auto insurance providers like Progressive, Allstate and GEICO regularly use ads on TV and radio. They all have a common claim about savings if you move your policy. How can each company claim to save you money?

All companies can use profiling for the right customer that earns them a profit. For example, a driver they prefer might be between the ages of 40 and 55, is a homeowner, and has a short commute. A customer getting a price quote that hits that "sweet spot" is entitled to the best price and most likely will save when they switch companies.

Potential insureds who don't qualify for the requirements will be quoted more money and this can result in the customer not buying. Company advertisements say "customers that switch" not "people who quote" save that kind of money. That's why companies can truthfully make the claims of big savings. This emphasizes why you should compare many company's rates. It's impossible to know the company that will fit your personal profile best.

Even more information can be found at the Maine Bureau of Insurance website. Visitors are able to find a variety of consumer forms, read industry bulletins, find disaster information, and get help finding coverage.

Shop smart and save

Cheap auto insurance is definitely available both online in addition to many Limerick insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance providers do not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

As you shop your coverage around, it's a bad idea to buy lower coverage limits just to save a few bucks. There are too many instances where an accident victim reduced uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy enough coverage at a price you can afford while still protecting your assets.