How to Know You're Spending Too Much for Auto Insurance in Narrows

Having to pay for overpriced auto insurance can overdraw your savings account, especially in this economy. Comparison shopping is a great way to cut your insurance bill.

Numerous battle for your business, and because of this it can be hard to compare and uncover the absolute lowest price

It's important to take a look at other company's rates yearly because insurance rates are constantly changing. Just because you had the best price last year you will most likely find a better rate today. Ignore everything you know about auto insurance because I'm going to let you in on the secrets to the proper way to properly buy coverages while reducing your premium.

If you currently have car insurance, you will be able to lower your premiums substantially using these methods. Buying car insurance in Narrows is not that difficult. Although Virginia drivers do need to know the way companies sell insurance online and apply this information to your search.

Take advantage of discounts

Auto insurance companies don't list all their discounts in an easy-to-find place, so we took the time to find both well-publicized and also the lesser-known discounts you could be receiving.

  • Life Insurance Discount - Companies who offer life insurance give lower rates if you buy life insurance from them.
  • Bundle and Save - If you have multiple policies with the same company you could get a discount of 10% to 20% off each policy.
  • Good Student Discount - Performing well in school can save 20 to 25%. This discount can apply until age 25.
  • Clubs and Organizations - Participating in certain professional organizations may earn a discount on auto insurance.
  • Defensive Driver - Taking a course in driver safety could cut 5% off your bill if you qualify.
  • College Student - Youth drivers who attend school more than 100 miles from home and do not have a car may qualify for this discount.
  • Own a Home - Owning a house in Narrows can save you money because owning a home is proof that your finances are in order.

A little note about advertised discounts, some of the credits will not apply to your bottom line cost. Some only reduce specific coverage prices like collision or personal injury protection. So when it seems like you would end up receiving a 100% discount, you won't be that lucky.

Virginia auto insurance quotes

How to know if you need help

When it comes to buying the right insurance coverage for your personal vehicles, there is no one size fits all plan. Your needs are not the same as everyone else's and your policy should reflect that. These are some specific questions can help discover whether your personal situation might need an agent's assistance.

  • When does my teenage driver need to be added to my policy?
  • What are the best liability limits?
  • Why am I required to buy high-risk coverage?
  • Are rental cars covered under my policy?
  • Should I rate my vehicle as pleasure use or commute?
  • Why does it cost so much to insure a teen driver in Narrows?
  • Does my policy cover my teen driver if they drive my company car?

If you can't answer these questions, you might consider talking to a licensed insurance agent. If you don't have a local agent, fill out this quick form or you can go here for a list of companies in your area.

Are auto insurance companies telling the truth?

Auto insurance companies such as GEICO, State Farm and Progressive constantly bombard you with ads on TV and radio. They all seem to have a common claim about savings if you switch to their company. How do they all make almost identical claims? It's all in the numbers.

Different companies have a preferred profile for the driver that earns them a profit. For example, a desirable insured could possibly be between the ages of 30 and 50, has no prior claims, and drives newer vehicles. A driver that hits that "sweet spot" will get very good rates and most likely will cut their rates substantially.

Drivers who don't qualify for the "perfect" profile will have to pay a higher premium and this can result in the driver buying from a lower-cost company. The ads say "customers who switch" not "people who quote" save that much. This is how companies can truthfully claim big savings. Because of the profiling, you should quote coverage with many companies. It is impossible to predict which insurance companies will give you the biggest savings.

Even more information can be found at the Virginia Bureau of Insurance website. Virginia consumers can view agent and company licensing information, file complaints about a company, discover disciplinary actions, and read enforcement actions against agents and companies.

Virginia auto insurance quotes

Final considerations

When trying to cut insurance costs, never buy lower coverage limits just to save a few bucks. In many instances, consumers will sacrifice physical damage coverage only to discover later that it was a big mistake. The ultimate goal is to find the BEST coverage at the best price.

In this article, we presented a lot of techniques to reduce auto insurance prices online. The key thing to remember is the more rate quotes you have, the higher your chance of finding lower rates. Drivers may discover the lowest rates come from a small mutual company. Regional companies may cover specific market segments cheaper than their larger competitors like .

The cheapest auto insurance is available online and also from your neighborhood Narrows agents, and you should compare price quotes from both to have the best selection. A few companies may not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.