Find the Cheapest Loyal Auto Insurance

If you've never shopped for auto insurance online, it's easy to be confused by the vast number of auto insurance companies all offering big savings in Loyal.

Take advantage of discounts

Companies offering auto insurance don't necessarily list every discount in a way that's easy to find, so here is a list both well-publicized and also the lesser-known savings tricks you should be using.

  • Federal Employees - Active or retired federal employment can save as much as 8% with a few auto insurance companies.
  • Early Signing - Some companies give discounts for switching policies prior to your current policy expiring. This can save 10% or more.
  • Anti-theft Discount - Cars that have factory anti-theft systems help deter theft and earn discounts up to 10%.
  • Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class in school.
  • Low Mileage Discounts - Driving fewer miles can qualify you for discounted rates on garaged vehicles.
  • Multi-car Discount - Insuring more than one vehicle on one policy can get a discount on all vehicles.

As a disclaimer on discounts, most discounts do not apply to the entire policy premium. Most only apply to specific coverage prices like comp or med pay. So even though they make it sound like you can get free auto insurance, auto insurance companies aren't that generous.

How to Lower your Auto Insurance Rates

Smart consumers have a good feel for the different types of things that go into determining the price you pay for auto insurance. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that will entitle you to lower auto insurance prices.

  • Too many auto insurance claims drive up costs - Companies in Wisconsin award cheaper rates to insureds who do not file claims often. If you tend to file frequent claims, you can look forward to either higher rates or even cancellation. Auto insurance is designed for larger claims.
  • Traffic violations increase rates - Even one speeding ticket can bump up the cost by twenty percent. Drivers who don't get tickets get better rates than bad drivers. If you have serious violations such as DUI or reckless driving may find they need to file a SR-22 with their state DMV in order to continue driving.
  • Do you qualify for a multi-policy discount? - Most insurers provide better rates to customers who carry more than one policy such as combining an auto and homeowners policy. Discounts can be five, ten or even twenty percent. Even if you're getting this discount it's still a good idea to compare other company rates to verify if the discount is saving money.
  • Optional equipment can affect rates - Owning a car with a theft deterrent system can help bring down rates. Anti-theft features like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can help prevent car theft.

How to know if you need help

When it comes to buying proper insurance coverage for your vehicles, there really is not a one size fits all plan. Your needs are not the same as everyone else's.

These are some specific questions may help highlight whether your personal situation would benefit from professional advice.

  • Am I covered if I drive in a foreign country?
  • Does my car insurance cover rental cars?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Is rental equipment covered for theft or damage?
  • Is my nanny covered when driving my vehicle?
  • Am I covered if I wreck a rental car?

If you're not sure about those questions, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out this quick form.

Are auto insurance companies telling the truth?

Auto insurance providers like Progressive, Allstate and GEICO constantly bombard you with ads on TV and radio. They all make an identical promise about savings if you switch your coverage to them. How can each company make almost identical claims? It's all in the numbers.

All companies have a certain "appetite" for the type of customer that earns them a profit. An example of a driver they prefer could possibly be a mature driver, a clean driving record, and has a high credit rating. A driver who meets those qualifications is entitled to the best price and most likely will save when they switch companies.

Consumers who don't qualify for the requirements will be quoted higher prices and ends up with the driver buying from a lower-cost company. Company advertisements say "customers who switch" not "people who quote" save that much money. That is how companies can truthfully state the savings. This emphasizes why drivers should get a wide range of price quotes. It is impossible to predict which company will have the lowest rates.

Even more information is available at the Wisconsin Office of the Commissioner of Insurance website. Wisconsin consumers can download brochures, file complaints about a company, and read consumer alerts.

Wisconsin auto insurance

Final considerations

People switch companies for a variety of reasons including extreme rates for teen drivers, high prices, policy non-renewal and even delays in responding to claim requests. No matter why you want to switch, finding a new auto insurance company is less work than it seems.

In this article, we presented many tips how you can reduce auto insurance prices online. The key thing to remember is the more price quotes you have, the better chance you'll have of finding lower rates. You may even discover the best price on auto insurance is with a small mutual company.

As you restructure your insurance plan, it's not a good idea to skimp on coverage in order to save money. There are too many instances where someone dropped comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. Your strategy should be to buy enough coverage at the best price while still protecting your assets.