Top Ways to Save on Lonoke Auto Insurance

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me when I say many consumers are feeling buyer's remorse and feel like there's no way out.

Multiple compete for your business, so it can be very hard to choose a to get the lowest rate

It's important to price shop coverage at least once a year since insurance rates are constantly changing. Even if you got the lowest price two years ago you can probably find a better price now. You can find a lot of wrong information about auto insurance on the web, but I'm going to show you some great ways to quit paying high auto insurance rates.

Learn How to Buy Auto Insurance Cheaper

Consumers need to have an understanding of some of the elements that go into determining auto insurance rates. Understanding what impacts premium levels helps enable you to make changes that may reward you with lower auto insurance prices.

Listed below are a partial list of the pieces that factor into rates.

Battle of the sexes - Statistics demonstrate that men are more aggressive behind the wheel. That doesn't necessarily mean that men are WORSE drivers than women. Women and men have accidents in similar numbers, but the males cause more damage. They also get cited for more serious violations like reckless driving and DUI. Youthful male drivers are several times more likely to be in an accident and are penalized with high auto insurance rates.
Extra coverages can waste money - There are many extra coverages that you can buy if you aren't careful. Coverages like vanishing deductibles, towing coverage and membership fees are examples of these. These may sound like a good investment at first, but your needs may have changed so get rid of them and save.
Multi-policy discounts can save money - Most companies will give a discount to people who have multiple policies with them. It's known as a multi-policy discount. Discounts can amount to anywhere from five to ten percent in most cases. Even if you're getting this discount you may still want to comparison shop to confirm you are receiving the best rates possible. You may still be able to find a better deal by insuring with multiple companies.
Drive a safer car and pay less - Cars with high safety ratings are cheaper to insure. These vehicles have better occupant injury protection and better occupant protection means lower claim amounts and lower rates for you.
Your job and insurance rates - Did you know your auto insurance rates can be affected by your occupation? Jobs such as judges, architects and accountants are shown to have higher rates than average attributed to high stress levels and lengthy work days. On the flip side, occupations like actors, athletes and homemakers pay the least.
Theft deterrents lower rates - Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can thwart your car from being stolen.
Liability coverage is cheap - Liability insurance provides coverage if ever a jury decides you are liable for damages caused by your negligence. It provides legal defense starting from day one. This coverage is very inexpensive compared to physical damage coverage, so buy as much as you can afford.

Be sure to get all your discounts

Companies offering auto insurance don't always advertise all their discounts in an easy-to-find place, so we researched some of the best known and the more hidden auto insurance savings.

Senior Discount - If you're over the age of 55, you may qualify for a discount up to 10%.
Defensive Driver - Completing a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
Anti-theft Discount - Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.
Military Discounts - Having a deployed family member could mean lower rates.
No Claims - Drivers with accident-free driving histories pay much less as compared to accident-prone drivers.
Payment Discounts - If you pay your bill all at once instead of making monthly payments you could save 5% or more.

A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. Most only reduce the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, you won't be that lucky.

To choose companies offering auto insurance discounts in Lonoke, follow this link.

Is there truth in advertising?

Auto insurance companies such as Progressive, GEICO, Allstate and State Farm constantly bombard you with television and radio advertisements. They all seem to say the same thing about savings if you switch your policy. How do they all say the same thing?

All companies are able to cherry pick for the right customer that makes them money. For instance, a desirable insured might be profiled as a mature driver, has no tickets, and chooses high deductibles. A propective insured who fits that profile will get the preferred rates and is almost guaranteed to cut their rates substantially.

Drivers who don't measure up to the "perfect" profile will have to pay higher premiums which usually ends up with business not being written. The ads state "people who switch" but not "drivers who get quotes" save that kind of money. That's the way companies can truthfully state the savings. Because of the profiling, you should get as many quotes as possible. It's not possible to predict which auto insurance company will give you the biggest savings.

Even more information is located at the Arkansas Insurance Department website. Arkansas drivers can learn about insurance regulations, discover disciplinary actions, read consumer alerts, and find disaster information.

The best insurance company isn't always the cheapest

When buying insurance coverage, you should never buy poor coverage just to save money. There are many occasions where an insured dropped collision coverage and learned later that their decision to reduce coverage ended up costing them more. Your aim should be to get the best coverage possible at an affordable rate.

Cheaper auto insurance can be found on the web in addition to many Lonoke insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies do not provide online price quotes and most of the time these small, regional companies sell through independent agents.