How to Know You're Wasting Money for Car Insurance in Medaryville

Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Trust us, there are a lot of people in Medaryville just like you who feel imprisoned by their car insurance policy. Online insurance companies like State Farm, Allstate, GEICO and Progressive continually bombard you with ad campaigns and it is challenging if not impossible to sift through the bull and effectively compare rates to find the best deal.

It's important to compare prices every six months due to the fact that insurance rates are constantly changing. Even if you think you had the best deal last year there is a good chance you can find better rates now. Starting right now, block out anything you think you know about car insurance because I'm going to teach you the proper way to find lower rates on car insurance.

How to Lower your Car Insurance Rates

Consumers need to have an understanding of the rating factors that play a part in calculating the rates you pay for car insurance. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that can help you get lower car insurance prices.

Bundling policies can get discounts - Some car insurance companies give discounts to insureds who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be ten or even up to twenty percent in some cases. Even if you're getting this discount it's in your best interest to comparison shop to verify if the discount is saving money. Drivers may still find a better deal by insuring with multiple companies.
Liability coverage protects you - Your policy's liability coverage provides coverage in the event that you are found liable for personal injury or accident damage. It provides legal defense coverage starting from day one. Liability is cheap as compared to coverage for physical damage, so drivers should carry high limits.
Safer cars cost less to insure - Cars with high safety ratings tend to have better insurance rates. Safer cars protect occupants better and any reduction in injury severity means lower claim amounts and more competitive rates for policyholders.
Save money with special equipment - Choosing a vehicle with anti-theft technology or alarm system can help bring down rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can thwart your vehicle from being stolen.
Teen drivers pay high rates - Older insureds tend to be more responsible, tend to file fewer claims and are safer drivers. Youthful drivers have a tendency to be more careless when behind the wheel and because of this, their car insurance rates are much higher.
Do you know your deductibles? - Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your car from damage. A few examples of covered claims would be running into the backend of another car, damage caused by hail, or theft. Physical damage deductibles are the amount of money you are willing to pay out-of-pocket before your car insurance pays a claim. The more money you have to pay, the less your car insurance will be.

Comprehensive Medaryville Car Insurance Comparison

Performing a rate comparison can be challenging if you don't understand the most efficient way to do it. You can spend your afternoon driving to local insurance agents in Medaryville, or you can stay home and use the web to get rates in a matter of minutes.

Most of the larger companies belong to a marketplace that allows shoppers to send in one quote, and every company can give them a price for coverage. This system prevents you from having to do repetitive form submissions for each company you want a rate for.

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

The only downside to using this type of form is you don't know exactly which providers you want to price. If you prefer to choose specific providers to receive pricing from, we put together a list of the cheapest car insurance companies in Indiana. Click here to view list.

It doesn't matter which method you choose, just ensure you are comparing exactly the same coverage limits with each company. If you use differing limits you will not be able to make an equal comparison in Medaryville.

How much can you save with discounts?

Companies offering auto insurance don't list every available discount in a way that's easy to find, so here is a list both the well known and the harder-to-find ways to save on car insurance. If you aren't receiving every discount possible, you are paying more than you should be.

Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems help deter theft and therefore earn up to a 10% discount.
Organization Discounts - Being a member of a civic or occupational organization could trigger savings on your policy.
Low Mileage - Low mileage vehicles can qualify you for better rates on cars that stay parked.
Pay Now and Pay Less - If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
Senior Citizens - If you're over the age of 55, you may receive a small decrease in premiums.
Homeowners Discount - Being a homeowner may earn you a small savings because maintaining a house requires personal responsibility.

As a disclaimer on discounts, many deductions do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like comprehensive or collision. Just because it seems like you can get free auto insurance, car insurance companies aren't that generous.

To choose providers with discount car insurance rates in Medaryville, click this link.

Save 15 percent in 15 minutes? Is it for real?

Consumers in Indiana can't ignore all the ads that promise big savings from the likes of Allstate and Progressive. All the ads make the same claim about savings if you change your coverage to them.

How can each company claim to save you money? This is how they do it.

All companies are able to cherry pick for the type of customer that makes them money. An example of a preferred risk might be over the age of 50, has no driving citations, and has great credit. Any driver who matches those parameters is entitled to the best price and is almost guaranteed to save when they switch companies.

Potential insureds who don't meet the requirements will be charged more money which leads to the customer not buying. Company advertisements say "drivers who switch" but not "drivers who get quotes" save that much money. That's the way companies can truthfully advertise the savings. That is why you need to get as many quotes as possible. You cannot predict which car insurance company will give you the biggest savings.

Even more information is available at the Indiana Department of Insurance website. Visitors are able to read consumer alerts, find out which companies have the most complaints, find disaster information, and view a list of available companies.

In the end, you save

As you prepare to switch companies, it's not a good idea to reduce coverage to reduce premium. Too many times, someone sacrificed liability limits or collision coverage only to find out that the small savings ended up costing them much more. The aim is to buy enough coverage for the lowest price, not the least amount of coverage.

Cheap car insurance is attainable both online as well as from independent agents in Medaryville, and you should be comparing both to have the best chance of lowering rates. There are still a few companies who don't offer online price quotes and many times these smaller companies only sell through independent insurance agents.