Top 8 Ways to Save Money on Car Insurance in Madison

Having to pay for overpriced car insurance can dwindle your bank account and force you to make sacrifices. Comparison shopping is free and is an excellent way to help make ends meet. Lots of contend for your hard-earned dollar, and because of this it can be hard to compare to get the lowest price

If you have a policy now or are looking for a new policy, you can learn to shop for the lowest rates and still get good coverage. Buying car insurance in Madison is not that difficult. Maine consumers only need to know the most efficient way to get comparison quotes on the web.

Take advantage of discounts

Car insurance companies don't necessarily list every discount in an easy-to-find place, so the following is a list of some of the more common as well as the least known ways to save on car insurance. If they aren't giving you every credit you deserve, you are throwing money away.

  • Government Employees - Active or retired federal employment may qualify you for a discount with a few car insurance companies.
  • Auto/Life Discount - Companies who offer life insurance give lower rates if you buy auto and life insurance together.
  • Low Mileage Discounts - Low mileage vehicles could qualify for better rates on cars that stay parked.
  • Multiple Cars - Insuring all your vehicles on one policy may reduce the rate for each vehicle.
  • Theft Prevention System - Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
  • Military Discounts - Having a family member in the military could be rewarded with lower premiums.
  • Passive Restraint Discount - Cars that have air bags or automatic seat belts can get savings of 20% or more.
  • Pay Now and Pay Less - If paying your policy premium upfront instead of monthly or quarterly installments you could save 5% or more.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. Most only reduce individual premiums such as comp or med pay. Just because it seems like all those discounts means the company will pay you, you won't be that lucky.

How to know if you need help

When it comes to buying coverage for your personal vehicles, there is no "perfect" insurance plan. Coverage needs to be tailored to your specific needs so this has to be addressed. These are some specific questions can help discover whether your personal situation might need an agent's assistance.

  • Do I have coverage for damage caused while driving under the influence?
  • What happens if I owe more than my vehicle is worth?
  • Is my nanny covered when driving my vehicle?
  • Am I covered when driving on a suspended license?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I have coverage when using my vehicle for my home business?
  • Can I rate high risk drivers on liability-only vehicles?

If it's difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier It's fast, doesn't cost anything and can help protect your family.

Are car insurance companies telling the truth?

Consumers get pounded daily by advertisements for car insurance savings from companies such as Progressive, Allstate and GEICO. They all make the same claim about savings if you change your policy.

How do they all make the same claim?

All the different companies have a preferred profile for the right customer that earns them a profit. A good example of a driver they prefer could be between the ages of 30 and 50, has no prior claims, and drives less than 10,000 miles a year. Any new insured who matches those parameters will get the preferred rates and most likely will cut their rates substantially.

Potential insureds who don't qualify for the "perfect" profile will be quoted more money which leads to business going elsewhere. The ads state "customers that switch" not "people who quote" save that kind of money. This is how companies can truthfully advertise the way they do. This emphasizes why you should compare as many rates as you can. It's just too difficult to predict which insurance companies will provide you with the cheapest rates.

Learn more about car insurance in Maine

Even more information can be read at the Maine Bureau of Insurance website. Consumers can download brochures, file complaints about an insurance agent or broker, find disaster information, and report car insurance fraud.

Maine car insurance quotes

In the end, you save

As you go through the steps to switch your coverage, never buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice collision coverage and discovered at claim time that the savings was not a smart move. Your strategy should be to get the best coverage possible at a price you can afford while still protecting your assets.

The cheapest car insurance is attainable from both online companies in addition to many Madison insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some car insurance companies do not provide you the ability to get quotes online and these small insurance companies work with independent agents.