Tightwads Tips for Saving on Livermore Auto Insurance

Scraping up a payment for overpriced auto insurance can empty your savings account and put the squeeze on your family's finances. Doing a price comparison is a great way to lower your monthly bill.

You have so many to pick from, and though it is a good thing to have multiple companies, lots of choices makes it harder to compare rates.

Choosing the best insurance company for you in Livermore is easy if you know what you're doing. Essentially anyone who is required by state law to have auto insurance stands a good chance to be able to cut their insurance bill. But Kentucky drivers do need to know how the larger insurance companies sell online and apply this information to your search.

Don't pay full price with these discounts

Companies that sell car insurance don't necessarily list every discount very clearly, so we took the time to find both well-publicized and also the lesser-known discounts you could be receiving.

  • Pay Now and Pay Less - By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • Paperwork-free - A handful of insurance companies will discount your bill up to fifty bucks for buying a policy and signing up over the internet.
  • Multiple Cars - Having all your vehicles on one policy can get a discount on all vehicles.
  • Life Insurance Discount - Select insurance companies reward you with a discount if you purchase auto and life insurance together.
  • Low Mileage Discounts - Low mileage vehicles can earn a substantially lower rate.
  • Drivers Education - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if offered at their school.
  • Lower Rates for Military - Being deployed with a military unit could be rewarded with lower premiums.
  • Passive Restraints - Cars that have air bags or automatic seat belts may earn rate discounts of more than 20%.
  • Government Employees - Active or retired federal employment may qualify you for a discount with a few auto insurance companies.
  • Save over 55 - If you qualify as a senior citizen, you may receive a small decrease in premiums.

Drivers should understand that some credits don't apply to all coverage premiums. A few only apply to specific coverage prices like liability and collision coverage. Just because you may think having all the discounts means you get insurance for free, companies wouldn't make money that way.

compare Livermore auto insurance rates

The auto insurance bait and switch

Auto insurance providers like State Farm, Allstate and GEICO consistently run ads in print and on television. They all have a common claim that you'll save big if you change your coverage to them. How does each company make almost identical claims? It's all in the numbers.

All the different companies have a preferred profile for the type of customer that earns them a profit. For example, a driver they prefer could possibly be between the ages of 40 and 55, insures multiple vehicles, and has great credit. A driver that hits that "sweet spot" receives the best rates and therefore will save when switching.

Potential customers who don't measure up to these standards will be quoted a more expensive rate and this can result in the driver buying from a lower-cost company. Company advertisements say "customers who switch" not "everyone that quotes" save that much money. This is how companies can advertise the savings. This emphasizes why you should get quotes from several different companies. It is impossible to predict which insurance companies will give you the biggest savings.

For more Kentucky auto insurance information

More detailed Kentucky auto insurance information can be found at the Kentucky Department of Insurance website. Kentucky consumers can view a list of available companies, get help finding coverage, report car insurance fraud, and file complaints about an insurance agent or broker.

Also read more on this site for auto insurance rates in Kentucky and this list of insurance agents in Livermore, KY.

Affordable insurance is out there

Budget-conscious auto insurance can be sourced online as well as from independent agents in Livermore, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who don't offer you the ability to get quotes online and these regional insurance providers work with independent agents.

As you prepare to switch companies, make sure you don't buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced physical damage coverage only to regret at claim time that the small savings ended up costing them much more. The proper strategy is to buy enough coverage at the best price while still protecting your assets.