Tightwads Instructions on Saving on Magnolia Auto Insurance

Having to pay for overpriced auto insurance can drain your checking account and make it impossible to make ends meet. Comparing price quotes is free and is an excellent way to make sure you're not throwing money away.

Lots of contend for your hard-earned dollar, and because of this it can be hard to compare to find the lowest price

If you currently have a car insurance policy, you should be able to reduce your rates substantially using these techniques. Choosing the best insurance company for you in Magnolia is quite easy. Nevertheless, Mississippi vehicle owners do need to know how the larger insurance companies price insurance differently.

How to Lower your Auto Insurance Rates

Consumers need to have an understanding of the rating factors that help determine auto insurance rates. Understanding what determines base rates empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

Your car's features help determine rates - Purchasing a vehicle that has an advanced theft prevention system can save you a little every year. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all aid in stopping your vehicle from being stolen.
Being married can save on auto insurance - Getting married can get you a discount on your auto insurance policy. Having a significant other translates into being more mature and responsible and it's statistically proven that married drivers get in fewer accidents.
The more you drive the more you pay - Driving more miles in a year's time the higher your rate. Almost all companies price each vehicle's coverage determined by how the vehicle is used. Autos used primarily for pleasure use get more affordable rates as compared to vehicles used primarily for driving to work. Double check that your auto insurance coverage is showing the proper vehicle usage.
Protect your assets with liability insurance - Liability coverage is the protection when a jury decides you are liable for personal injury or accident damage. Liability insurance provides you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable when compared with rates for comp and collision, so drivers should carry high limits.
Higher safety ratings means cheaper insurance - Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles protect occupants better and better occupant protection translates into savings for insurance companies and lower rates for you.
High deductibles save money - Physical damage deductibles define the amount you are required to spend before a claim is paid by your company. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. A few examples of covered claims are running into the backend of another car, damage caused by hail, and rolling your vehicle. The more expense you have to pay, the bigger discount you will receive.

Auto Insurance Prices in Magnolia, Mississippi

Effectively comparing auto insurance prices can be challenging if you don't understand the most efficient way. You can spend your afternoon talking about coverages with insurance agencies in Magnolia, or you can utilize online quotes to accomplish the same thing much quicker.

Most of the larger companies belong to a marketplace that enables customers to only type in their quote data once, and each company provides a quote for coverage. This system prevents you from having to do quote requests to each individual auto insurance company.

To submit your quote information now, click here to open in new window.

The one disadvantage to getting quotes like this is buyers cannot specifically choose which providers to get quotes from. So if you want to choose from a list of companies to request quotes from, we have a listing of low cost auto insurance companies in Mississippi. Click to view list.

It doesn't matter which method you choose, just ensure you are comparing the exact same information for every quote you compare. If you use higher or lower deductibles it will be impossible to determine the best price in Magnolia. Having just a slight variation in coverage limits can result in a big premium difference. Just remember that comparing a large number of companies will enable you to find the best price.

Don't pay full price with these discounts

Companies offering auto insurance don't always advertise every discount in an easy-to-find place, so the following is a list of some of the best known and the more hidden ways to save on auto insurance.

Payment Method - If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
Accident Waiver - A few companies permit an accident before hitting you with a surcharge if your claims history is clear for a set time period.
Auto/Life Discount - Larger companies have lower rates if you buy life insurance.
Organization Discounts - Affiliation with certain professional organizations could trigger savings when shopping for auto insurance.
Low Mileage Discounts - Fewer annual miles could qualify for better rates on cars that stay parked.
Multiple Vehicles - Having multiple vehicles with the same company could earn a price break for each car.
Own a Home - Simply owning a home may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
Student Driver Training - Cut your cost by having your teen driver successfully complete driver's ed class if it's offered in school.

Consumers should know that many deductions do not apply to all coverage premiums. Most only apply to the cost of specific coverages such as liability and collision coverage. Just because it seems like all the discounts add up to a free policy, companies don't profit that way.

To choose insurance companies who offer auto insurance discounts in Magnolia, click this link.

The auto insurance bait and switch

Auto insurance providers like State Farm, Allstate and GEICO continually stream ads in print and on television. They all make the same claim of big savings after switching your coverage to them. How do they all say the same thing?

Insurance companies have a preferred profile for the type of customer that makes them money. A good example of a driver they prefer might be profiled as between the ages of 40 and 55, insures multiple vehicles, and drives less than 7,500 miles a year. A propective insured who matches those parameters is entitled to the best price and therefore will cut their rates substantially.

Potential customers who don't measure up to the "perfect" profile will be quoted higher prices which leads to business not being written. The ads state "people who switch" not "everyone that quotes" save that much money. This is how insurance companies can confidently advertise the way they do. This emphasizes why you need to get as many quotes as possible. It's not possible to predict which insurance companies will provide you with the cheapest rates.

More tips and info about auto insurance can be read at the Mississippi Insurance Department website. Mississippi drivers can view a list of available companies, get help finding coverage, file complaints about an insurance agent or broker, and find out which companies have the most complaints.

The best insurance company isn't always the cheapest

Cost effective auto insurance can be purchased on the web as well as from independent agents in Magnolia, so you should be comparing quotes from both so you have a total pricing picture. Some auto insurance companies don't offer online price quotes and these small insurance companies work with independent agents.

When shopping online for auto insurance, never reduce coverage to reduce premium. There have been many situations where drivers have reduced collision coverage and discovered at claim time 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.