6 Ways to Save on Car Insurance in Madison

Beginners to buying insurance online will discover purchasing low-cost Madison car insurance quite difficult.

It's important to get comparison quotes occasionally since rates are constantly changing. Despite the fact that you may have had the best rates last year there is a good chance you can find better rates now. You can find a lot of wrong information about car insurance on the internet, so I'm going to show you some great ways to reduce your car insurance bill.

Automobile Insurance Quotes in Madison, FL

There are several ways to compare rate quotes from different Madison insurance companies. One of the best ways to find competitive insurance rates involves getting comparison quotes online. This is very easy and can be done in just a few minutes using one of these methods.

The fastest way consumers can analyze rates is to use a rate comparison form like this one (opens in new window). This type of form saves time by eliminating separate quotation requests to each individual car insurance company. A single form will get you rate comparisons from car insurance companies with the best prices. It's the fastest way to compare.
A different way to compare rate quotes requires you to visit the website for each individual company to complete a price quote. For example, let's assume you want to compare , and . To find out each rate you need to visit each site and enter your policy data, which is why the first method is quicker. To view a list of companies in Madison, click here.

However you get your quotes, make absolute certain that you use the exact same coverage information for every company. If you compare unequal deductibles or liability limits you can't possibly decipher which rate is best in Madison. Slightly different limits could mean much higher rates. And when quoting car insurance, remember that having more price comparisons will increase your chances of finding the best offered rates.

Take advantage of discounts

The price of auto insurance can be rather high, but companies offer discounts to cut the cost considerably. A few discounts will automatically apply at quote time, but some may not be applied and must be asked for in order for you to get them.

Bundle and Save - If you insure your home and vehicles with the same company you may earn approximately 10% to 15%.
Anti-lock Brakes - Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
55 and Retired - If you're over the age of 55, you may be able to get a discount up to 10%.
Driver Safety - Taking part in a driver safety course can save you 5% or more if your company offers it.
Seat Belt Usage - Using a seat belt and requiring all passengers to use a seat belt could save 15% on the medical payments or PIP coverage costs.
Multiple Vehicles - Insuring multiple vehicles with the same company can get a discount on all vehicles.

It's important to note that some of the credits will not apply to your bottom line cost. Most cut specific coverage prices like collision or personal injury protection. So when the math indicates all those discounts means the company will pay you, you're out of luck. But any discount will cut your overall premium however.

To choose companies who offer car insurance discounts in Madison, click here.

Are car insurance companies telling the truth?

Car insurance companies such as GEICO, State Farm and Progressive continually stream ads on TV and radio. They all seem to have a common claim that you can save after switching your policy. How do they all make the same claim? It's all in the numbers.

All the different companies have a certain "appetite" for the right customer that makes them money. A good example of a desirable insured could be between 30 and 50, owns a home, and drives newer vehicles. Any new insured that hits that "sweet spot" gets the lowest rates and most likely will cut their rates substantially.

Potential insureds who don't qualify for the "perfect" profile will have to pay more money and this can result in business going elsewhere. The ads say "customers who switch" not "people who quote" save that kind of money. That is how insurance companies can claim big savings.

Because of the profiling, you need to get quotes from several different companies. It's just too difficult to predict which company will give you the biggest savings.

How to know if you need help

When buying coverage for your vehicles, there is no "perfect" insurance plan. Your needs are not the same as everyone else's.

These are some specific questions might point out whether your personal situation might need professional guidance.

What is the difference between comprehensive and collision coverage?
Do I need PIP (personal injury protection) coverage in Florida?
Should I buy additional glass protection?
Do I really need UM/UIM coverage?
Am I covered when driving in Canada or Mexico?
Why am I be forced to buy a membership to get insurance from some companies?
Why am I required to get a high-risk car insurance policy?

If you can't answer these questions but a few of them apply, you might consider talking to a licensed agent. If you don't have a local agent, complete this form.

More information can be read on the Florida Office of Insurance Regulation website found here. Consumers can view agent and company licensing information, read consumer alerts, and learn about insurance regulations.

Shop smart and save

When trying to cut insurance costs, you should never reduce coverage to reduce premium. In many instances, an insured cut collision coverage and discovered at claim time that it was a big mistake. The ultimate goal is to purchase plenty of coverage at the best price.

Lower-priced car insurance can be bought from both online companies in addition to many Madison insurance agents, so compare prices from both in order to have the best chance of saving money. A few companies do not provide online price quotes and most of the time these small insurance companies sell through independent agents.

Drivers change insurance companies for a variety of reasons including policy non-renewal, policy cancellation, denial of a claim or even questionable increases in premium. No matter why you want to switch, finding a new car insurance company is easier than you think.