Free Guide to Cutting Costs on Monmouth Auto Insurance Online

Have you had enough of being strong-armed each month for car insurance? You are in the same boat as millions of other consumers. Insurance companies such as GEICO and Progressive increase brand awareness with fancy advertisements and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.

It's important to check auto insurance prices once or twice a year because prices are constantly changing. Just because you had the lowest price a few years ago you can probably find a better price now. Block out anything you think you know about auto insurance because you're about to find out the proper way to find great coverage at a great price.

What determines how much you pay?

Consumers need to have an understanding of the different types of things that go into determining the price you pay for auto insurance. Having a good understanding of what influences your rates allows you to make educated decisions that may reward you with much lower annual insurance costs.

Listed below are a partial list of the pieces companies use to determine rates.

Are you male or female? - The statistics show women are more cautious behind the wheel. That doesn't necessarily mean that women are better drivers. Both sexes are in accidents in similar numbers, but the males cause more damage. They also receive more costly citations such as DWI and reckless driving. Young males are several times more likely to be in an accident and are penalized with high auto insurance rates.
Choose a safe vehicle and save - Vehicles with high crash test scores can get you lower premiums. These vehicles result in less severe injuries and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders.
Better credit means lower rates - Credit score is a large factor in your rate calculation. If your credit history is lower than you'd like, you could save money insuring your by improving your credit score. Drivers with excellent credit tend to file fewer claims and have better driving records than those with poor credit.
Your occupation can affect rates - Did you know that where you work can have an impact on rates? Jobs such as judges, business owners and dentists tend to pay the highest average rates attributed to high stress and long work days. Other occupations such as farmers, historians and homemakers have the lowest average rates.
Low deductibles can be expensive - Insurance for physical damage to your car, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Examples of covered claims could be colliding with a building, damage from fire, and rolling your vehicle. Deductibles for physical damage are how much you are willing to pay before your auto insurance pays a claim. The more you're willing to pay, the less your company will charge you for insurance.
Performance level impacts rates - The make and model of the car you own makes a substantial difference in how high your rates are. Small economy passenger cars receive the most favorable rates, but there are many factors that impact the final cost.
Don't buy coverages you don't need - There are many extra bells and whistles that you can buy on your auto insurance policy. Insurance for rental car reimbursement, towing coverage and motor club memberships may be costing you every month. These coverages may sound good at first, but if you don't need them eliminate the coverages to reduce your premium.

These discounts can lower your rates

Companies offering auto insurance don't always advertise all their discounts in a way that's easy to find, so we researched both well-publicized and the more hidden savings tricks you should be using. If you aren't receiving every discount available, you are paying more than you should be.

Save over 55 - If you're over the age of 55, you may qualify for reduced rates.
Military Rewards - Being on active duty in the military could mean lower rates.
Air Bag Discount - Factory air bags can qualify for discounts up to 30%.
Accident Free - Claim-free drivers pay much less as compared to accident-prone drivers.
Homeowners Pay Less - Owning a house in Monmouth can help you save on auto insurance because owning a home shows financial diligence.

It's important to note that most discounts do not apply to the entire cost. Some only apply to the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, you're out of luck.

To choose companies offering auto insurance discounts in Monmouth, click here to view.

Are you falling for claims of savings?

Maine consumers can't ignore all the ads for the lowest price auto insurance by companies like Progressive, GEICO, Allstate and State Farm. They all seem to make an identical promise that you can save if you switch to them.

How can each company make almost identical claims?

Insurance companies can use profiling for the type of driver that makes them money. For instance, a desirable insured could possibly be between 25 and 40, has no tickets, and has a short commute. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and as a result will probably save when they switch companies.

Drivers who are not a match for the requirements will have to pay a higher premium and ends up with the driver buying from a lower-cost company. The ad wording is "people who switch" not "everybody who quotes" save money. That's why insurance companies can make the claims of big savings. Because of the profiling, you should get as many quotes as possible. It's impossible to know the company that will fit your personal profile best.

More Maine auto insurance information

Additional detailed information is located at the Maine Bureau of Insurance website. Maine consumers can learn about insurance regulations, find disaster information, find out industry alerts, and read industry bulletins.

In the end, you save

As you shop your coverage around, it's a bad idea to buy poor coverage just to save money. There are many occasions where an insured dropped liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your aim should be to get the best coverage possible at an affordable rate.

You just read many tips how you can save on auto insurance. The key thing to remember is the more times you quote, the better chance you'll have of finding lower rates. You may be surprised to find that the most savings is with a company that doesn't do a lot of advertising. Some small companies often have lower prices on specific markets than the large multi-state companies such as .