9 Ways You Can Buy Car Insurance for Less in Lincoln Rhode Island

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me when I say you are not the only one feeling buyer's remorse. Popular companies such as GEICO and Progressive continually hit you with ad campaigns and it is challenging if not impossible to sift through the bull and effectively compare rates to find the best deal.

It's important to check car insurance prices at least once a year since rates are constantly changing. Just because you found the best rates last year you will most likely find a better rate today. You'll find quite a bit of inaccurate information about car insurance on the internet, so I'm going to show you some great ways to put money back in your pocket.

If you have a current car insurance policy or are shopping for new coverage, you can learn to get lower rates while maintaining coverages. Choosing the best insurance company for you in Lincoln is quite easy. Rhode Island drivers only need an understanding of the best way to find the lowest price over the internet.

Don't pay full price with these nine discounts

Companies offering auto insurance don't always publicize all their discounts in a way that's easy to find, so the following is a list of both the well known as well as the least known discounts you could be receiving. If you aren't receiving every discount possible, you are throwing money away.

Life Insurance Discount - Larger companies have better rates if you take out a life insurance policy as well.
Drive Less and Save - Fewer annual miles could qualify for a substantially lower rate.
Homeowners Discount - Owning a house in Lincoln can save you money due to the fact that maintaining a home demonstrates responsibility.
Federal Government Employee - Active or retired federal employment can save as much as 8% with select insurance companies.
Bundle and Save - If you have multiple policies with the same insurance company you may save up to 20% off your total premium.
Early Switch Discount - Some insurance companies reward drivers for buying a policy prior to your current policy expiring. It's a savings of about 10%.
Passive Restraint Discount - Factory air bags and/or automatic seat belt systems can qualify for discounts of up to 25% or more.
Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to complete a driver education course if it's offered in school.
Payment Method - By paying your policy upfront instead of monthly or quarterly installments you can actually save on your bill.

Consumers should know that some of the credits will not apply the the whole policy. Most only apply to individual premiums such as collision or personal injury protection. So when the math indicates it's possible to get free car insurance, companies don't profit that way.

The car insurance bait and switch

Consumers in Rhode Island get pounded daily by advertisements that promise big savings by companies like GEICO, State Farm and Progressive. They all seem to have a common claim of big savings after switching to them.

How can each company claim to save you money?

All companies are able to cherry pick for the type of driver that earns them a profit. A good example of a desirable insured might be between the ages of 40 and 55, has no tickets, and drives newer vehicles. Any new insured that hits that "sweet spot" is entitled to the best price and therefore will save when they switch companies.

Consumers who don't measure up to the requirements will have to pay higher prices and this can result in the customer not buying. The ads state "customers that switch" not "everyone that quotes" save money. That's the way insurance companies can confidently claim big savings. Because of the profiling, you should get a wide range of price quotes. It's just too difficult to predict which car insurance company will give you the biggest savings.

More tips and info about car insurance can be read at the Rhode Island Division of Insurance Regulation website. Visitors are able to file complaints about an insurance agent or broker, discover disciplinary actions, report car insurance fraud, and download brochures.

In the end, you save

When trying to cut insurance costs, it's a bad idea to buy lower coverage limits just to save a few bucks. In many instances, an insured dropped full coverage and found out when filing a claim that it was a big mistake. The ultimate goal is to buy a smart amount of coverage at a price you can afford.

Cost effective car insurance can be sourced both online and with local Lincoln insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies do not offer you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.