9 Methods to Save on Car Insurance in Madison Heights

Overpriced car insurance can drain your personal savings and put a big crunch on your finances. Shopping your coverage around is free and is an excellent way to cut your insurance bill.

There are many to pick from, and though it is a good thing to be able to choose, it makes it harder to compare rates.

It's important to check car insurance prices yearly since rates are constantly changing. Despite the fact that you may have had the best deal a couple years back you can probably find a better price now. So ignore everything you know about car insurance because we're going to show you the proper way to save money, get proper coverage and the best rates.

More discounts equal less premium

The price of auto insurance can be rather high, but there are discounts available to cut the cost considerably. Some discounts apply automatically at the time of purchase, but some must be asked about prior to receiving the credit.

Auto/Life Discount - Some companies give a discount if you purchase a life insurance policy as well.
College Student - Any of your kids who live away from home and do not have access to a covered vehicle may be able to be covered for less.
Braking Control Discount - Vehicles equipped with ABS or steering control can reduce accidents and qualify for as much as a 10% discount.
Good Student Discount - This discount can get you a discount of up to 25%. The discount lasts well after school through age 25.
Organization Discounts - Belonging to a qualifying organization could trigger savings on car insurance.
Drivers Education - Cut your cost by having your teen driver complete a driver education course if it's offered in school.
Driver Safety - Completing a driver safety course could cut 5% off your bill if your company offers it.
Multiple Vehicles - Having multiple vehicles with the same company can get a discount on all vehicles.
Passive Restraints - Factory air bags or automatic seat belts may earn rate discounts up to 30%.

Keep in mind that many deductions do not apply to your bottom line cost. Some only apply to specific coverage prices like collision or personal injury protection. Just because it seems 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 companies who offer car insurance discounts in Virginia, click this link.

Switch companies and save? Really?

Car insurance companies such as GEICO, State Farm and Progressive continually stream ads in print and on television. They all seem to make the same claim that you can save after switching to them. How does each company make the same claim? It's all in the numbers.

All companies have a preferred profile for the type of driver that makes them money. An example of a desirable insured could be over the age of 50, has no prior claims, and drives less than 10,000 miles a year. Any new insured who matches those parameters will qualify for the lowest rates and therefore will save when switching.

Potential customers who do not match these standards will have to pay higher prices which leads to business going elsewhere. The ad wording is "customers who switch" not "everyone that quotes" save money. This is how insurance companies can advertise the way they do.

Because of the profiling, you should get a wide range of price quotes. It's just too difficult to predict which insurance companies will provide you with the cheapest rates.

It's not one size fits all

When buying proper insurance coverage for your personal vehicles, there isn't really a "perfect" insurance plan. Your needs are not the same as everyone else's so this has to be addressed. Here are some questions about coverages that can help discover if you may require specific advice.

When does my teenage driver need to be added to my policy?
Do I pay less if my vehicle is kept in my garage?
Does my insurance cover a custom paint job?
Why am I required to buy high-risk coverage?
Am I getting all the discounts available?
Is rental equipment covered for theft or damage?
Do I really need UM/UIM coverage?

If it's difficult to answer those questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Learn more about car insurance in Virginia

More information is available on the website for the Virginia Bureau of Insurance found here. Consumers can view agent and company licensing information, read enforcement actions against agents and companies, find out industry alerts, and file complaints about a company.

Other informative sites include Wikipedia and this page where you can research Madison Heights insurance agents.

The best insurance company isn't always the cheapest

As you go through the steps to switch your coverage, make sure you don't buy poor coverage just to save money. In many instances, consumers will sacrifice liability limits or collision coverage only to find out that the savings was not a smart move. The ultimate goal is to get the best coverage possible at the best price.

You just learned many ideas to save on car insurance. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. Consumers may even find the biggest savings come from a small mutual company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as .