7 Money Saving Ideas Guaranteed to Lower Car Insurance Costs in Luray

Scraping up a payment for overpriced car insurance can drain your personal savings and force you to prioritize other expenses. Doing a price comparison is a smart way to reduce premiums and put more money in your pocket. Companies like State Farm, Allstate, GEICO and Progressive continually hit you with advertising and consumers find it hard to sift through the bull and do the work needed to find the best deal.

If you are insured now or need a new policy, you can learn to find better prices while maintaining coverages. Finding the best rates in Luray is easy if you know what you're doing. Virginia vehicle owners just need to know the most efficient way to shop for car insurance online.

These seven discounts can lower your rates

Insurance can cost an arm and a leg, but you can get discounts that can drop the cost substantially. Certain discounts will be applied at the time of purchase, but some must be manually applied prior to receiving the credit. If you aren't receiving every discount you deserve, you are throwing money away.

  • More Vehicles More Savings - Buying coverage for multiple cars or trucks on one policy could earn a price break for each car.
  • Own a Home - Owning a home in Luray may trigger a car insurance policy discount because of the fact that having a home requires personal responsibility.
  • No Accidents - Drivers who don't have accidents can earn big discounts when compared with drivers who are more careless.
  • Pay Upfront and Save - If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
  • Discount for Life Insurance - Select insurance companies reward you with better rates if you take out life insurance.
  • Paperless Signup - A few companies may give you up to $50 for buying a policy and signing up digitally online.
  • Senior Citizens - If you qualify as a senior citizen, you can possibly qualify for better car insurance rates.

Drivers should understand that most credits do not apply to all coverage premiums. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. Just because it seems like all the discounts add up to a free policy, companies wouldn't make money that way. But all discounts will reduce the cost of coverage.

Are you falling for claims of savings?

Consumers in Virginia get pounded daily by advertisements for car insurance savings by Allstate, GEICO and Progressive. All the companies say the same thing that you'll save big if you move to their company.

How can each company claim to save you money?

Insurance companies have a preferred profile for the driver that earns them a profit. An example of a profitable customer might be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. Any new insured who fits that profile gets the lowest rates and as a result will probably save when they switch companies.

Potential customers who are not a match for the requirements must pay higher prices which usually ends up with the customer not buying. Company advertisements say "people who switch" not "everybody who quotes" save that much. This is how companies can make the claims of big savings.

This illustrates why drivers should get a wide range of price quotes. It's just too difficult to predict which insurance companies will fit your personal profile best.

For more Virginia car insurance information

Much more information about car insurance in Virginia is available on the website for the Virginia Bureau of Insurance through this link. Visitors are able to find out which companies have the most complaints, report car insurance fraud, read industry bulletins, and view a list of available companies.

A tidy conclusion

Budget-conscious car insurance is definitely available both online and also from your neighborhood Luray agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance providers may not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

As you shop your coverage around, it's not a good idea to skimp on coverage in order to save money. In too many instances, drivers have reduced liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy the best coverage you can find at an affordable rate while not skimping on critical coverages.