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

Overpriced auto insurance can empty your personal savings and put a big crunch on your finances. Shopping your coverage around is free and is an excellent way to tighten up your finances. Because you have many companies to choose from, it's nearly impossible to locate the cheapest provider.

It's important to check auto insurance prices yearly because prices are constantly changing. Despite the fact that you may have had the best deal six months ago you will most likely find a better rate today. So ignore everything you know about auto insurance because you're going to get a crash course in the proper way to save money, get proper coverage and the best rates.

Take advantage of discounts

Companies don't always advertise all their discounts very well, so here is a list both the well known as well as the least known ways to save on auto insurance. If you don't get every credit you deserve, you are throwing money away.

College Student - Any of your kids who live away from home and do not have access to a covered vehicle may qualify for this discount.
Auto/Life Discount - Some companies give a break if you buy life insurance.
Save with a New Car - Insuring a new car is cheaper because new vehicles have to meet stringent safety requirements.
Good Student Discount - Performing well in school can earn a discount of 20% or more. The discount lasts well after school through age 25.
Accident Waiver - Some insurance companies will forgive one accident before your rates go up as long as you don't have any claims for a set time period.

Keep in mind that many deductions do not apply to your bottom line cost. Most cut individual premiums such as liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, it just doesn't work that way.

How to know if you need help

When it comes to buying proper insurance coverage for your personal vehicles, there really is no perfect coverage plan. Everyone's situation is a little different so this has to be addressed. These are some specific questions can help discover whether your personal situation might need professional guidance.

Do I pay less if my vehicle is kept in my garage?
When does my teenage driver need to be added to my policy?
Should I file a claim if it's only slightly more than my deductible?
Do I need to file an SR-22 for a DUI in Minnesota?
Does my policy cover me when driving someone else's vehicle?
Does my car insurance cover rental cars?
Should I drop comprehensive coverage on older vehicles?

If it's difficult to answer those questions but you think they might apply to your situation then you might want to talk to an agent. If you don't have a local agent, complete this form or you can go here for a list of companies in your area. It's fast, doesn't cost anything and can help protect your family.

Are auto insurance companies telling the truth?

Consumers in Minnesota get pounded daily by advertisements for car insurance savings by companies like Progressive, GEICO, Allstate and State Farm. They all seem to make the same claim that you can save after switching to them.

But how can every company claim to save you money?

Insurance companies have a preferred profile for the type of driver that earns them a profit. An example of a desirable insured might be between 30 and 50, has no prior claims, and has a high credit rating. A customer getting a price quote who matches those parameters gets the lowest rates and most likely will save a lot of money.

Potential customers who don't qualify for this ideal profile will have to pay a higher premium which leads to the customer not buying. The ads say "customers that switch" not "people who quote" save money. This is how insurance companies can state the savings. Because of the profiling, you should compare many company's rates. It's impossible to know which insurance companies will have the lowest rates.

Learn more about auto insurance in Minnesota

Additional detailed information is available at the Minnesota Department of Commerce website. Visitors are able to read enforcement actions against agents and companies, view agent and company licensing information, file complaints about a company, and learn about specific coverages.

Also read more on this Car Insurance FAQ and this page of insurance agents in Navarre.

In the end, you save

As you restructure your insurance plan, don't be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where consumers will sacrifice liability limits or collision coverage only to find out that they should have had better coverage. Your aim should be to purchase plenty of coverage at a price you can afford.

We covered many ideas to reduce auto insurance prices online. The most important thing to understand is the more times you quote, the better chance you'll have of finding lower rates. Consumers may even find the best prices are with some of the lesser-known companies. Regional companies can often insure niche markets at a lower cost than their larger competitors like .