Car Insurance in Mt Vernon - 9 Ways to Save Money

Have you had enough of paying out the nose each month for car insurance? Your situation is no different than many other Indiana drivers. Drivers have so many to buy insurance from, and although it's a good thing to have multiple companies, too many choices makes it more difficult to compare rates.

It's important to compare prices once or twice a year since rates are constantly changing. Even if you got the best rates a year ago a different company probably has better rates today. There is too much inaccurate information about car insurance on the internet, so we're going to give you some great ways to find cheap car insurance.

Policy discounts you shouldn't miss

Car insurance can cost a lot, but discounts can save money and there are some available to reduce the price significantly. Some discounts apply automatically at quote time, but some may not be applied and must be specifically requested in order for you to get them. If you're not getting every credit available, you are throwing money away.

Passive Restraints - Vehicles with factory air bags may earn rate discounts up to 30%.
Payment Method - If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
Auto/Life Discount - Some companies give a discount if you purchase life insurance from them.
Resident Student - Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.
Homeowners Pay Less - Being a homeowner may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
Drivers Education - Make teen driver coverage more affordable by requiring them to take driver's ed class if it's offered in school.
Employee of Federal Government - Active or retired federal employment can earn a discount up to 10% with certain companies.
Braking Control Discount - Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
Good Students Pay Less - Performing well in school can save 20 to 25%. The good student discount can last well after school through age 25.

Keep in mind that many deductions do not apply to the entire cost. Most cut specific coverage prices like medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, it just doesn't work that way. But any discount will bring down the amount you have to pay.

Save $429 a year? Really?

Consumers in Indiana get pounded daily by advertisements for the lowest price auto insurance from the likes of State Farm and Allstate. All the ads make the same claim that you can save after switching your coverage to them.

How does each company claim to save you money? It's all in the numbers.

Different companies can use profiling for the type of customer that earns them a profit. A good example of a preferred risk might be over the age of 50, has no tickets, and has excellent credit. Any new insured who matches those parameters gets the lowest rates and is almost guaranteed to save when switching.

Potential insureds who don't qualify for these standards will be charged more money which leads to the customer not buying. The ads say "customers who switch" but not "drivers who get quotes" save that much money. That's why insurance companies can make those claims.

That is why drivers should get as many comparisons as possible. It's just too difficult to predict the company that will have the lowest rates.

More information can be read on the website for the Indiana Department of Insurance found here. Visitors are able to find out industry alerts, view a list of available companies, view agent and company licensing information, and read enforcement actions against agents and companies.

In the end, you save

We just covered many ideas to reduce car insurance prices online. The most important thing to understand is the more you quote, the better chance you'll have of finding lower rates. You may even find the biggest savings come from a small mutual company. Regional companies can often insure niche markets at a lower cost compared to the large companies like .

While you're price shopping online, it's very important that you do not skimp on coverage in order to save money. There have been many cases where an insured dropped full coverage and found out when filing a claim they didn't purchase enough coverage. Your goal should be to purchase plenty of coverage at the best price, not the least amount of coverage.