Top Ways to Save on New Albany Auto Insurance

Have you had enough of scraping the payment together each month for car insurance? You are in the same boat as many other drivers in Indiana.

Big-name insurance companies like GEICO and Progressive all claim big savings with ads and it is difficult to sift through the bull and effectively compare rates to find the best deal.

It's important to compare rates before your policy renews since insurance rates are constantly changing. Just because you found the lowest price two years ago you will most likely find a better rate today. You'll find quite a bit of inaccurate information about auto insurance on the internet, so I'm going to show you some great ways to put money back in your pocket.

If you have car insurance now, you should be able to cut costs considerably using this information. Finding affordable coverage in New Albany is easy if you know what you're doing. But Indiana vehicle owners do need to know the way companies sell online because it can help you find the best coverage.

How much can you save with discounts?

Auto insurance companies don't necessarily list all their discounts in a way that's easy to find, so we researched some of the best known as well as the least known ways to save on auto insurance.

Homeowners Pay Less - Owning a house in New Albany may earn you a small savings due to the fact that maintaining a home shows financial diligence.
No Accidents - Claim-free drivers pay much less as compared to drivers who are more careless.
Payment Method - If paying your policy premium upfront instead of monthly or quarterly installments you may reduce your total bill.
Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to complete a driver education course if it's offered in school.
Auto/Life Discount - Select insurance companies reward you with better rates if you take out a life insurance policy as well.
Driver Safety - Completing a course teaching defensive driving skills could save 5% or more if you qualify.
Senior Discount - If you qualify as a senior citizen, you may be able to get better auto insurance rates.
Service Members Pay Less - Having a family member in the military may qualify for rate reductions.
Employee of Federal Government - Active or retired federal employment can save as much as 8% with select insurance companies.

Consumers should know that most discount credits are not given to the entire cost. A few only apply to individual premiums such as liability, collision or medical payments. So when the math indicates it's possible to get free car insurance, companies don't profit that way.

Save 15 percent in 15 minutes? Is it for real?

Auto insurance companies such as State Farm, GEICO and Progressive continually stream television and radio advertisements. They all seem to make the same claim that you'll save big after switching to their company. How can each company say the same thing?

All companies can use profiling for the driver that earns them a profit. For instance, a desirable insured might be profiled as between the ages of 30 and 50, is a homeowner, and chooses high deductibles. A propective insured who matches those parameters receives the best rates and is almost guaranteed to save when they switch companies.

Drivers who don't meet the requirements will have to pay higher premiums which leads to business not being written. Company advertisements say "customers that switch" but not "drivers who get quotes" save that much. That's why companies can state the savings. Because of the profiling, you should quote coverage with many companies. It's not possible to predict the company that will give you the biggest savings.

More detailed Indiana auto insurance information is located at the Indiana Department of Insurance website. Indiana drivers can report car insurance fraud, read industry bulletins, view a list of available companies, and get help finding coverage.

Affordable insurance is out there

Discount auto insurance can be sourced on the web and also from your neighborhood New Albany agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies may not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

When buying insurance coverage, it's a bad idea to buy lower coverage limits just to save a few bucks. In many cases, an accident victim reduced collision coverage and learned later that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage at a price you can afford.