7 Discounts Morgantown Drivers Forget when Comparing Car Insurance

Nobody I know cherishes buying car insurance, especially when the cost is way too high.

Multiple compete for your business, and it can be difficult to compare rates to get the lowest price

More discounts equal less premium

Companies offering auto insurance don't necessarily list every discount in an easy-to-find place, so we took the time to find some of the more common as well as the least known ways to save on car insurance.

Federal Employees - Active or retired federal employment may qualify you for a discount with a few car insurance companies.
Theft Prevention System - Vehicles equipped with anti-theft or alarm systems can help prevent theft and will save you 10% or more.
Pay Upfront and Save - If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
More Vehicles More Savings - Having multiple cars or trucks on one policy may reduce the rate for each vehicle.
Low Mileage Discounts - Keeping the miles down can earn better rates on cars that stay parked.
Homeowners Savings - Simply owning a home may earn you a small savings because of the fact that having a home is proof that your finances are in order.
Distant Student - Any of your kids who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.

A little note about advertised discounts, many deductions do not apply to your bottom line cost. A few only apply to individual premiums such as comp or med pay. So despite the fact that it appears having all the discounts means you get insurance for free, you won't be that lucky.

It's not one size fits all

When it comes to buying the right insurance coverage for your vehicles, there is no "perfect" insurance plan. Coverage needs to be tailored to your specific needs so this has to be addressed. Here are some questions about coverages that might point out if you might need professional guidance.

Am I covered if I drive in a foreign country?
Am I covered when renting a car or should I buy coverage from the car rental agency?
Do I have any recourse if my insurance company denies a claim?
Am I covered when driving on a suspended license?
Does my personal auto insurance policy cover using my vehicle for business use?
Is my vehicle covered for flood damage?
Does my liability insurance cover pulling a trailer or camper?

If it's difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier

Switch companies and save? Really?

Car insurance providers like Progressive, Allstate and GEICO regularly use ads in print and on television. They all make the same claim about savings if you move your coverage to them. How do they all make the same claim?

All the different companies have a certain "appetite" for the type of customer that earns them a profit. For example, a driver they prefer could be between 30 and 50, owns a home, and drives newer vehicles. Any new insured who matches those parameters receives the best rates and therefore will cut their rates substantially.

Potential insureds who do not match the "perfect" profile will be quoted more money which leads to business going elsewhere. Company advertisements say "customers that switch" not "everyone that quotes" save that much money. That is how companies can truthfully claim big savings. This emphasizes why you should get as many quotes as possible. It's just too difficult to predict which company will give you the biggest savings.

For more Kentucky car insurance information

Even more information can be found at the Kentucky Department of Insurance website. Consumers can download brochures, read consumer alerts, view a list of available companies, and report car insurance fraud.

Final considerations

When trying to cut insurance costs, never buy lower coverage limits just to save a few bucks. There are too many instances where an insured cut physical damage coverage only to discover later that it was a big mistake. Your strategy should be to buy enough coverage at a price you can afford while still protecting your assets.

Cheaper car insurance is possible from both online companies as well as from independent agents in Morgantown, so compare prices from both in order to have the best chance of saving money. A few companies don't offer you the ability to get quotes online and these regional insurance providers work with independent agents.