Free Guide to Spending Less for Medford Auto Insurance Online

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me, there are lots of people in the same boat.

Because you have many companies and agents to choose from, it is very difficult to find the lowest price provider.

Good Decisions Result in Lower Rates

Consumers need to have an understanding of the rating factors that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively influences your rates enables informed choices that could result in lower auto insurance prices.

Shown below are some of the factors auto insurance companies consider when setting premiums.

  • Do you have enough liability coverage? - Your policy's liability coverage provides coverage if a court rules you are at fault for causing damage or personal injury in an accident. Liability insurance provides legal defense coverage starting from day one. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
  • Safer cars are cheaper to insure - Cars with high safety ratings tend to have better insurance rates. Safe vehicles reduce injuries and lower injury rates means lower claim amounts passed on to you as lower rates.
  • Extra coverages can waste money - There are quite a few extra coverages that you can get tricked into buying on your auto insurance policy. Things like personal injury protection, accidental death and term life insurance may be wasting your money. These coverages may sound good when you first buy your policy, but if they're wasting money remove them from your policy.
  • Careful drivers pay lower rates - Whether or not you get tickets has a big impact on rates. Only having one speeding ticket can boost insurance rates forty percent or more. Careful drivers have lower premiums than their less careful counterparts. Drivers with dangerous tickets such as reckless driving, hit and run or driving under the influence are required to file a proof of financial responsibility form (SR-22) with their state DMV in order to prevent a license revocation.
  • Adjust deductibles and save - Physical damage deductibles represent how much money you are willing to pay out-of-pocket in the event of a claim. Physical damage coverage, otherwise known as comp (or other than collision) and collision, protects your car from damage. Some instances where coverage would apply could be colliding with a building, damage from fire, and burglary. The more money you are required to pay out-of-pocket, the less your auto insurance will be.
  • Your stress level may be raising your rates - Occupations such as doctors, executives and stock brokers tend to have the highest rates because of high stress and lengthy work days. On the other hand, jobs such as actors, students and retirees receive lower rates.
  • Men are more aggressive - Statistics demonstrate women tend to be less risk to insure than men. Now that doesn't mean men are worse drivers. Women and men cause accidents at about the same rate, but the male of the species tend to have more serious accidents. Men also tend to have more aggressive citations such as DWI and reckless driving.

More discounts equal less premium

Companies offering auto insurance don't always advertise all available discounts very well, so here is a list both well-publicized as well as the least known ways to save on auto insurance.

  • Organization Discounts - Participating in a professional or civic organization could trigger savings when buying auto insurance.
  • Fewer Miles Equal More Savings - Low mileage vehicles can qualify you for better rates on cars that stay parked.
  • Safety Course Discount - Completing a course in driver safety could possibly earn you a 5% discount if your company offers it.
  • Discount for Good Grades - This discount can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • Multiple Cars - Having all your vehicles with the same company may reduce the rate for each vehicle.

Keep in mind that most discount credits are not given the the whole policy. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though they make it sound like all the discounts add up to a free policy, it just doesn't work that way.

To choose insurers with discount auto insurance rates in New Jersey, click this link.

Switch companies and save? Really?

Allstate, GEICO and Progressive consistently run ads in print and on television. All the companies make the same claim that you can save if you change to their company. But how can every company make almost identical claims?

All companies are able to cherry pick for the driver that makes them money. An example of a profitable customer could possibly be between 25 and 40, has no tickets, and has excellent credit. A customer getting a price quote who matches those parameters will get very good rates and therefore will save a lot of money.

Drivers who do not match this ideal profile must pay higher premiums which leads to the driver buying from a lower-cost company. The ads say "customers that switch" not "everyone that quotes" save that much. That's the way insurance companies can make those claims. This illustrates why you should get a wide range of price quotes. It's impossible to know which auto insurance company will have the lowest rates.

Find out more about auto insurance

Additional detailed information is available at the New Jersey Department of Banking and Insurance website. New Jersey consumers can find out which companies have the most complaints, find disaster information, discover disciplinary actions, and file complaints about a company.

Other informative sites include this link for New Jersey auto insurance quotes and this link which helps you find a Medford agent.

auto insurance in Medford

Shop smart and save

Affordable auto insurance is attainable online and also from your neighborhood Medford agents, so you should compare both to have the best chance of lowering rates. Some companies may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

You just read some good ideas how to save on auto insurance. It's most important to understand that the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the most savings is with a small local company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as .