Free Guide to Spending Less for Mabelvale Car Insurance Online

Overpriced car insurance can overdraw your bank account and force you to prioritize other expenses. Shopping your coverage around is a smart way to make sure you're not throwing money away.

Drivers have so many to buy insurance from, and even though it's nice to be able to choose, too many choices makes it more difficult to compare rates.

How to Lower your Car Insurance Rates

Consumers need to have an understanding of some of the elements that come into play when calculating your car insurance rates. Knowing what influences your rates empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

The list below includes a partial list of the pieces used by your company to calculate prices.

  • Lower rates with optional equipment - Purchasing a vehicle that has an advanced theft prevention system can get you a discount on your car insurance. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all aid in stopping your car from being stolen.
  • High deductibles save money - Your deductibles define the amount you are required to spend out-of-pocket if you file a covered claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. A few examples of covered claims are running into the backend of another car, vandalism, and windstorm damage. The more you have to pay, the bigger discount you will receive.
  • Rates may be higher depending on your occupation - Careers like judges, architects and financial analysts have higher average rates attributed to high stress and long work days. Conversely, jobs such as pilots, engineers and the unemployed get better rates.
  • With age comes lower rates - Young drivers in Arkansas tend to be careless and easily distracted when driving so they pay higher car insurance rates. Adding a teen driver onto a policy can be very expensive. More mature drivers are more cautious drivers, statistically cause fewer accidents and tend to be better behind the wheel.
  • How's your driving record? - Drivers who don't get tickets receive lower rates than people who have multiple driving citations. Just one speeding ticket can bump up the cost by as much as thirty percent. If you have severe violations like DUI or reckless driving may find they need to file a proof of financial responsibility form (SR-22) with their state motor vehicle department in order to drive a vehicle legally.
  • Do you have enough liability coverage? - The liability section of your policy is the protection when you are found to be at fault for personal injury or accident damage. Liability insurance provides legal defense which can be incredibly expensive. Liability insurance is quite affordable compared to insuring for physical damage coverage, so buy as much as you can afford.

compare Mabelvale car insurance rates

Don't pay full price with these discounts

Insuring your fleet can be pricey, but discounts can save money and there are some available that can drop the cost substantially. Certain discounts will be applied when you quote, but less common discounts must be manually applied before you get the savings.

  • Pay Upfront and Save - If you pay your bill all at once instead of making monthly payments you could save up to 5%.
  • Own a Home - Simply owning a home may trigger a car insurance policy discount because of the fact that having a home shows financial diligence.
  • Government Employees - Employees or retirees of the government could cut as much as 10% off with a few car insurance companies.
  • New Car Discount - Insuring a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
  • Good Student Discount - This discount can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.

Keep in mind that most credits do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, it just doesn't work that way. But any discount will bring down your premiums.

To choose insurance companies with the best car insurance discounts in Arkansas, follow this link.

The car insurance bait and switch

Car insurance providers like State Farm, Allstate and GEICO regularly use ads in print and on television. They all say the same thing that you can save if you move your coverage to them. How does each company make the same claim?

Insurance companies have a preferred profile for the type of customer that makes them money. For instance, a driver they prefer could be between the ages of 30 and 50, insures multiple vehicles, and drives less than 7,500 miles a year. A customer who fits that profile is entitled to the best price and therefore will save when switching.

Drivers who don't measure up to these standards will be quoted a higher premium which usually ends up with business going elsewhere. The ads state "people who switch" not "everyone that quotes" save that much money. This is how insurance companies can advertise the way they do.

This emphasizes why you should get as many comparisons as possible. Because you never know which insurance companies will provide you with the cheapest rates.

For more Arkansas car insurance information

More information is located on the website for the Arkansas Insurance Department through this link. Consumers can view a list of available companies, report car insurance fraud, read industry bulletins, and read enforcement actions against agents and companies.

Shop smart and save

Affordable car insurance is definitely available from both online companies as well as from independent agents in Mabelvale, and you should compare price quotes from both to have the best selection. Some car insurance companies don't offer online price quotes and these small, regional companies work with independent agents.

When shopping online for car insurance, it's very important that you do not buy poor coverage just to save money. There have been many situations where drivers have reduced liability coverage limits only to discover later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy a smart amount of coverage at an affordable rate while still protecting your assets.