How to Know You're Throwing Money Away for Auto Insurance in Monticello

Tired of robbing Peter to pay Paul each month for car insurance? You're in the same situation as many other Kentucky drivers.

Having so many companies to choose from, it is very difficult to locate the lowest cost car insurance company.

It's important to compare prices before your policy renews since insurance rates are constantly changing. If you had the lowest price a few years ago you will most likely find a better rate today. There is a lot of wrong information about auto insurance on the web, but I'm going to show you some great ways to put money back in your pocket.

Buying car insurance in Monticello is not that difficult. If you currently have car insurance, you stand a good chance to be able to cut costs considerably using these methods. Although Kentucky vehicle owners do need to know the way companies market on the web because it can help you find the best coverage.

Take advantage of discounts

Companies that sell car insurance do not advertise all their discounts very well, so we researched some of the best known as well as the least known auto insurance savings.

  • New Vehicle Savings - Buying coverage on a new vehicle is cheaper compared to insuring an older model.
  • Use Seat Belts - Buckling up and requiring all passengers to buckle their seat belts could save 15% off your PIP or medical payments premium.
  • Employee of Federal Government - Active or retired federal employment can earn a discount up to 10% with select insurance companies.
  • Passive Restraint Discount - Factory air bags can receive discounts of 20% or more.
  • No Accidents - Claim-free drivers pay much less as compared to drivers who are more careless.
  • Sign Online - Some insurance companies give back up to $50 for buying your policy online.
  • Homeowners Pay Less - Owning a house in Monticello may trigger a auto insurance policy discount because of the fact that having a home shows financial diligence.

A little note about advertised discounts, most credits do not apply to the entire cost. Most cut individual premiums such as collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, you won't be that lucky.

Kentucky auto insurance quotes

Are auto insurance companies telling the truth?

Auto insurance companies such as GEICO, State Farm and Progressive regularly use ads on TV and radio. They all seem to say the same thing about savings if you move to their company. But how can every company say the same thing?

Different companies can use profiling for the driver that earns them a profit. For instance, a desirable insured might be profiled as between the ages of 30 and 50, is a homeowner, and has a short commute. A propective insured who fits that profile gets the lowest rates and most likely will save a lot of money.

Drivers who don't qualify for this ideal profile will have to pay higher premiums which usually ends up with business not being written. The ads say "customers that switch" not "people who quote" save that much. That's why companies can truthfully make the claims of big savings. Because of the profiling, you should get quotes from several different companies. It's not possible to predict the company that will fit your personal profile best.

Even more information is located at the Kentucky Department of Insurance website. Kentucky drivers can file complaints about an insurance agent or broker, find a variety of consumer forms, download brochures, and find out industry alerts.

Also read more on Auto Insurance 101 and this page where you can research Monticello insurance agents.

Final considerations

As you shop your coverage around, don't be tempted to buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase plenty of coverage at a price you can afford.

Throughout this article, we presented a lot of tips how to reduce auto insurance prices online. The key concept to understand is the more rate quotes you have, the better your chances of lowering your rates. You may be surprised to find that the lowest rates come from some of the lesser-known companies. Regional companies may cover specific market segments cheaper than their larger competitors like .