7 Shopping Tips Shown to Lower Car Insurance Costs in Monticello

Scraping up a payment for overpriced car insurance can dwindle your bank account and force you to prioritize other expenses. Doing a price comparison is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income.

There are many to pick from, and although it's nice to have multiple companies, it makes it harder to compare rates.

Buying car insurance in Monticello is easy if you know what you're doing. If you have car insurance now, you will most likely be able to lower your premiums substantially using these methods. But Arkansas car owners do need to know the methods companies use to market on the web and apply this information to your search.

Take advantage of discounts

Car insurance companies don't always advertise all available discounts very clearly, so we took the time to find some of the more common and the harder-to-find savings tricks you should be using.

  • Fewer Miles Equal More Savings - Keeping the miles down can earn discounted rates on garaged vehicles.
  • Own a Home - Owning a home in Monticello can help you save on car insurance because of the fact that having a home is proof that your finances are in order.
  • Government Employees - Active or retired federal employment can save as much as 8% depending on your company.
  • Auto/Home Discount - If you have multiple policies with the same company you could get a discount of up to 20% off your total premium.
  • Anti-lock Brake System - Cars that have steering control and anti-lock brakes prevent accidents and earn discounts up to 10%.
  • Passive Restraints and Air Bags - Vehicles equipped with air bags or automatic seat belts may earn rate discounts of more than 20%.
  • Pay Upfront and Save - If you pay your entire premium ahead of time instead of monthly or quarterly installments you can actually save on your bill.

Drivers should understand that most discounts do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, companies wouldn't make money that way.

car insurance in Monticello

Are car insurance companies telling the truth?

21st Century, Allstate and State Farm regularly use ads on TV and radio. All the companies make an identical promise that you'll save big if you move to them. How does each company make the same claim? This is how they do it.

All companies have a preferred profile for the type of driver that earns them a profit. For example, a profitable customer could be over the age of 40, insures multiple vehicles, and drives less than 10,000 miles a year. Any new insured who meets those qualifications receives the best rates and most likely will save when switching.

Potential insureds who don't qualify for these standards must pay more money and ends up with business going elsewhere. Company advertisements say "drivers who switch" not "people who quote" save money. This is how companies can advertise the way they do. This illustrates why you should get as many comparisons as possible. It's just too difficult to predict which insurance companies will provide you with the cheapest rates.

For more Arkansas car insurance information

More detailed Arkansas car insurance information can be found at the Arkansas Insurance Department website. Consumers can discover disciplinary actions, report car insurance fraud, download brochures, and view agent and company licensing information.

Also read more on this resource for Arkansas car insurance prices and this page of Monticello insurance agents.

Affordable insurance is out there

Budget-conscious car insurance is definitely available from both online companies and with local Monticello insurance agents, and you need to comparison shop both to have the best chance of lowering rates. Some car insurance companies do not offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

As you go through the steps to switch your coverage, make sure you don't buy lower coverage limits just to save a few bucks. There are a lot of situations where drivers have reduced physical damage coverage only to regret at claim time that the savings was not a smart move. The proper strategy is to buy enough coverage for the lowest price while not skimping on critical coverages.