Tightwads Tips for Saving on Malad City Auto Insurance

Have you had enough of not being able to afford each month for car insurance? Your situation is no different than many other Idaho consumers.

You have so many to pick from, and although it's a good thing to have multiple companies, lots of choices makes it harder to compare rates.

Policy discounts you shouldn't miss

Insuring your fleet can be pricey, buy you may qualify for discounts that you may not know about. Larger premium reductions will be automatically applied when you get a quote, but a few need to be inquired about before you will receive the discount.

Drivers Education - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if offered at their school.
Pay Now and Pay Less - If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
Multiple Cars - Buying insurance for all your vehicles on one policy qualifies for this discount.
Discount for Life Insurance - Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
Low Mileage Discounts - Low mileage vehicles can earn lower rates on the low mileage vehicles.
Paperwork-free - Certain companies will discount your bill up to fifty bucks for buying your policy over the internet.

A little note about advertised discounts, most of the big mark downs will not be given to the entire cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. So when the math indicates it's possible to get free car insurance, you won't be that lucky. Any amount of discount will bring down the amount you have to pay.

Save $429 a year? Really?

Auto insurance providers like State Farm, Allstate and GEICO consistently run television and radio advertisements. They all say the same thing about savings if you change your coverage to them. How does each company make almost identical claims? This is how they do it.

All companies can use profiling for the type of customer that earns them a profit. For example, a driver they prefer could possibly be a mature driver, has no tickets, and has great credit. A driver who fits that profile is entitled to the best price and is almost guaranteed to save when switching.

Drivers who don't qualify for these standards will be quoted higher premiums which usually ends up with the driver buying from a lower-cost company. The ads state "drivers who switch" but not "drivers who get quotes" save that much money. That's why companies can truthfully advertise the savings.

This emphasizes why you should quote coverage with many companies. It is impossible to predict the company that will fit your personal profile best.

Additional information can be found on the website for the Idaho Department of Insurance. Click here for link. Idaho consumers can download brochures, view a list of available companies, report car insurance fraud, and file complaints about an insurance agent or broker.

Also read more on this site for auto insurance rates in Idaho and this list of insurance agents in Malad City, ID.

Final considerations

Cheaper auto insurance can be sourced online as well as from independent agents in Malad City, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who don't offer you the ability to get quotes online and these regional insurance providers work with independent agents.

When you buy insurance online, make sure you don't buy lower coverage limits just to save a few bucks. There have been many situations where an insured dropped physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. The proper strategy is to buy a smart amount of coverage for the lowest price while still protecting your assets.