Tightwads Instructions on Saving on New Canaan Auto Insurance

Have you had enough of robbing Peter to pay Paul each month for car insurance? You are no different than many other drivers in Connecticut. Lots of contend for your business, so it's not easy to compare every and get the definite lowest price

It's important to do rate comparisons before your policy renews since insurance rates are constantly changing. Even if you got the best deal last year you can probably find a better price now. Starting now, forget all the misinformation about auto insurance because it's time to teach you the proper way to remove unneeded coverages and save money.

If you have a current auto insurance policy or need new coverage, you will benefit by learning to get lower rates while maximizing coverage. Finding affordable coverage in New Canaan is easy if you know what you're doing. Connecticut vehicle owners just need to know the most efficient way to compare prices over the internet.

Why some people pay less for insurance in New Canaan

Consumers need to have an understanding of some of the elements that help determine auto insurance rates. Understanding what controls the rates you pay allows you to make educated decisions that can help you get better auto insurance rates.

The following are some of the factors companies use to determine your rates.

Bundling policies can get discounts - Many companies give discounts to people who have multiple policies with them. It's known as a multi-policy discount. Discounts can be anywhere from five to ten percent in most cases. Even though this discount sounds good, you may still want to comparison shop to make sure you are getting the best deal. You may still find better rates by buying insurance from more than one company.
You might want pay the small claims yourself - Insurance companies in Connecticut provide better rates to people who file claims infrequently. If you file claims often, you can look forward to either a policy non-renewal or much higher rates. Car insurance is intended to be relied upon for major claims that would cause financial hardship.
More miles equals more premium - Driving more miles every year the higher your rates will be. Most companies price each vehicle's coverage based on how the vehicle is used. Vehicles that are left in the garage can get a lower rate compared to those used for work or business. Verify your auto insurance coverage is showing the proper vehicle usage, because it can save money.
Don't sacrifice liability coverage - Liability coverage will protect you in the event that a jury decides you are liable for damages from an accident. It provides legal defense coverage up to the limits shown on your policy. Liability is cheap when compared with rates for comp and collision, so buy as much as you can afford.
Car features impact rates - Driving a car that has an advanced theft prevention system can save you a little every year. Theft prevention features such as GM's OnStar, tamper alarm systems and vehicle immobilizers all hinder your car from being stolen.
Your credit rating is important - Your credit history is a large factor in your rate calculation. If your credit is not that good, you could save money insuring your by repairing your credit. Drivers with excellent credit tend to file fewer claims and have better driving records as compared to drivers with lower credit scores.
Safer cars cost less to insure - Safer cars are cheaper to insure. Safer cars result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims and lower rates for you.
Your location affects your rates - Being located in a small town has it's advantages when buying auto insurance. Fewer drivers means fewer accidents and also fewer theft and vandalism claims. Drivers who live in large Connecticut cities tend to have congested traffic and much longer commute distances. Longer commute distances means higher likelihood of an accident.

How much can you save with discounts?

Companies that sell car insurance don't always publicize every available discount in an easy-to-find place, so here is a list some of the best known and the more hidden auto insurance savings. If they aren't giving you every credit available, you are paying more than you should be.

Multi-policy Discount - If you insure your home and vehicles with one company you will save 10% to 20% off each policy.
Employee of Federal Government - Employees or retirees of the government can earn a discount up to 10% with certain companies.
Discount for Life Insurance - Select insurance companies reward you with lower rates if you buy life insurance from them.
Organization Discounts - Affiliation with certain professional organizations could qualify you for a break on your policy.
Military Rewards - Having a deployed family member may qualify for rate reductions.
Anti-lock Brake Discount - Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.
Anti-theft System - Anti-theft and alarm systems can help prevent theft and qualify for as much as a 10% discount.
Low Mileage - Fewer annual miles can qualify you for lower rates on the low mileage vehicles.
Good Students Pay Less - This discount can save 20 to 25%. The discount lasts well after school through age 25.
E-sign - Some insurance companies give back up to $50 for buying a policy and signing up on their website.

Drivers should understand that most of the big mark downs will not be given to the entire cost. Most only apply to the cost of specific coverages such as comprehensive or collision. So even though they make it sound like you would end up receiving a 100% discount, companies wouldn't make money that way.

To choose providers who offer auto insurance discounts in New Canaan, follow this link.

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

Connecticut drivers can't ignore all the ads for the lowest price auto insurance by companies like Allstate and Progressive. All the ads say the same thing that you'll save big after switching to them.

How do they all say the same thing?

Different companies can use profiling for the type of driver that makes them money. An example of a preferred risk might be profiled as between the ages of 30 and 50, is a homeowner, and has great credit. A propective insured who fits that profile is entitled to the best price and is almost guaranteed to cut their rates substantially.

Consumers who don't meet the "perfect" profile will be charged higher rates which usually ends up with business not being written. Company advertisements say "people who switch" but not "drivers who get quotes" save money. That's why companies can advertise the savings. That is why you should get quotes from several different companies. It's not possible to predict the company that will give you the biggest savings.

More detailed Connecticut auto insurance information is available at the Connecticut Insurance Department website. Connecticut drivers can read consumer alerts, download brochures, file complaints about an insurance agent or broker, and find out which companies have the most complaints.

Best coverage at the best price

As you prepare to switch companies, never buy poor coverage just to save money. Too many times, an accident victim reduced liability limits or collision coverage only to find out that the small savings ended up costing them much more. The aim is to buy enough coverage at an affordable rate, not the least amount of coverage.

Budget-conscious auto insurance can be purchased on the web and with local New Canaan insurance agents, and you should compare price quotes from both to get a complete price analysis. There are still a few companies who do not offer online price quotes and many times these smaller companies only sell through independent insurance agents.