Tightwads Guide for Saving on Natick Auto Insurance

Having to pay for overpriced auto insurance can dwindle your checking account and force you to prioritize other expenses. Comparing price quotes is a smart way to help make ends meet. Popular companies such as State Farm, Allstate, GEICO and Progressive constantly blast consumers with fancy advertisements and it is challenging if not impossible to sift through the bull and take the time to shop coverage around.

If you are insured now or are shopping for new coverage, you can learn to shop for the lowest rates while maintaining coverages. Buying car insurance in Natick is quite easy. Massachusetts drivers only need an understanding of how to get comparison rates online.

Save big with these discounts

Insurance can be prohibitively expensive, buy you may qualify for discounts that can drop the cost substantially. Most are applied at quote time, but some may not be applied and must be asked about in order for you to get them. If you aren't receiving every discount you deserve, you are throwing money away.

  • Fewer Miles Equal More Savings - Keeping the miles down could qualify for lower rates on the low mileage vehicles.
  • Own a Home - Owning a home in Natick may trigger a auto insurance policy discount because of the fact that having a home demonstrates responsibility.
  • No Claims - Drivers who don't have accidents pay less when compared with drivers who are more careless.
  • Pay Upfront and Save - If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Military Discounts - Having a deployed family member can result in better rates.
  • Paperless Signup - A handful of insurance companies may give you up to $50 simply for signing digitally online.
  • Save with a New Car - Putting insurance coverage on a new car is cheaper due to better safety requirements for new cars.
  • Use Seat Belts - Buckling up and requiring all passengers to wear their seat belts can save 10% or more off your PIP or medical payments premium.

Consumers should know that most of the big mark downs will not be given to all coverage premiums. Most only cut individual premiums such as liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, companies don't profit that way. Any qualifying discounts will reduce your overall premium however.

auto insurance in Natick

Learn How to Buy Auto Insurance Cheaper

Smart consumers have a good feel for some of the elements that come into play when calculating the rates you pay for auto insurance. Having a good understanding of what determines base rates helps enable you to make changes that could result in big savings.

The list below includes some of the items that factor into premiums.

  • Policy add-ons can waste money - There are a lot of add-on coverages that you can get tricked into buying when buying auto insurance. Insurance for roadside assistance, accidental death and membership fees are examples of these. They may seem good when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
  • High deductibles save money - Your deductibles represent how much money you are required to spend out-of-pocket before your auto insurance pays a claim. Insurance for physical damage to your car, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some examples of claims that would be covered would be colliding with a building, vandalism, or theft. The more expense the insured has to pay upfront, the bigger discount you will receive.
  • Rates may be higher depending on your occupation - Occupations such as real estate brokers, architects and dentists are shown to have the highest average rates because of job stress and lots of time spent at work. Other professions such as pilots, historians and the unemployed pay the least.
  • Lower rates with optional equipment - Purchasing a vehicle with an alarm system can help bring down rates. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all aid in stopping your car from being stolen.
  • Marriage pays dividends - Getting married actually saves money when buying auto insurance. Having a spouse usually means you are more mature and responsible and it's proven that married drivers get in fewer accidents.
  • One company can mean more discounts - The majority of companies will award you with lower prices to insureds who carry more than one policy such as combining an auto and homeowners policy. Discounts can add up to anywhere from five to ten percent in most cases. If you currently are using one company, you still need to compare other company rates to confirm you are receiving the best rates possible.

Auto insurance ads bend the truth

Consumers in Massachusetts get pounded daily by advertisements for car insurance savings from companies such as 21st Century, Allstate and State Farm. All the companies say the same thing of big savings if you move your policy.

How can each company claim to save you money?

All the different companies have a preferred profile for the right customer that earns them a profit. A good example of a profitable customer might be over the age of 40, insures multiple vehicles, and drives less than 10,000 miles a year. A customer getting a price quote who fits that profile will qualify for the lowest rates and most likely will save when they switch companies.

Potential insureds who fall outside the requirements must pay more money which usually ends up with the customer not buying. The ad wording is "customers that switch" not "people who quote" save that kind of money. This is how insurance companies can confidently advertise the way they do.

This illustrates why drivers should get a wide range of price quotes. It's impossible to know which insurance companies will provide you with the cheapest rates.

For more Massachusetts auto insurance information

Additional auto insurance information can be read on the website for the Massachusetts Division of Insurance located here. Visitors are able to discover disciplinary actions, report car insurance fraud, read industry bulletins, and view a list of available companies.

Best coverage at the best price

Cost effective auto insurance is definitely available both online in addition to many Natick insurance agents, and you need to comparison shop both in order to have the best chance of saving money. Some auto insurance companies do not provide you the ability to get quotes online and usually these small insurance companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, it's not a good idea to skimp on coverage in order to save money. There are a lot of situations where drivers have reduced full coverage and found out when filing a claim that the savings was not a smart move. The proper strategy is to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.