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

Having to pay for overpriced auto insurance can overdraw your checking account and make it hard to pay other bills. Comparing price quotes is a smart way to tighten up your finances.

Numerous battle to insure your vehicles, and because of this it can be hard to compare to get the lowest price

If you are paying for car insurance now, you stand a good chance to be able to cut costs considerably using this information. Finding affordable coverage in New Castle is quite easy. Nevertheless, Kentucky vehicle owners do need to know how companies price online insurance because it can help you find the best coverage.

Auto Insurance Prices in New Castle, Kentucky

The are a couple different ways to compare rate quotes from local New Castle auto insurance companies. The recommended way to find the cheapest insurance rates is to use the internet to compare rates. This can be accomplished in just a few minutes using one of these methods.

The first (and easiest) way consumers can make multiple comparisons is a comparison rater form (click to open form in new window). This method prevents you from having to do separate quote forms to each individual auto insurance company. One form submission compares rates from many national carriers.

A harder way to shop for auto insurance online is going to the website of each company to request a price quote. For sake of this example, we'll pretend you want comparison quotes from , and . To find out each rate you need to spend time on each company's site and enter your information, which is why the first method is more popular. For a list of links to companies insuring cars in New Castle, click here.

Which method you use is up to you, but ensure you are comparing the exact same coverage limits and deductibles for each price quote. If you enter different liability limits it's impossible to truly determine the lowest rate in New Castle. Just a small difference in coverage limits may result in large price differences. Just remember that comparing more company's prices will enable you to find the best rates.

Learn How to Buy Auto Insurance Cheaper

It's important that you understand some of the elements that go into determining auto insurance rates. Understanding what determines base rates helps enable you to make changes that will entitle you to big savings.

Listed below are a partial list of the pieces that factor into prices.

Your job and insurance rates - Did you know your auto insurance rates can be affected by your occupation? Careers like judges, architects and accountants are shown to have higher rates than average because of job stress and lots of time spent at work. On the flip side, occupations like pilots, athletes and homemakers pay the least.
Battle of the sexes - Statistics have proven that men are more aggressive behind the wheel. That doesn't necessarily mean that men are WORSE drivers than women. They both have accidents in similar numbers, but the men cause more damage. Men also statistically get cited for more serious violations like reckless driving and DUI. Male drivers age 16 to 19 are most likely to cause an accident and thus pay the highest rates.
More than one policy can earn a discount - Most companies provide better rates to people who have multiple policies with them. It's known as a multi-policy discount. Discounts can amount to anywhere from five to ten percent in most cases. If you currently are using one company, you still need to shop around to confirm you are receiving the best rates possible.
Protect your assets with liability insurance - Liability insurance is the protection when a jury decides you are liable for damages caused by your negligence. It provides legal defense which can cost thousands of dollars. Liability insurance is quite affordable compared to physical damage coverage, so buy as much as you can afford.
More claims means more premium - Companies in Kentucky provide better rates to policyholders who do not rely on their insurance for small claims. If you file claims often, you can pretty much guarantee either higher rates or even cancellation. Insurance coverage is intended to be relied upon for the bigger claims that can't be paid out-of-pocket.
Safe vehicles cost less to insure - Vehicles with good safety scores are cheaper to insure. The safest vehicles have better occupant injury protection and better occupant protection translates into savings for insurance companies and lower rates for you.

Policy discounts you shouldn't miss

Properly insuring your vehicles can get expensive, buy you may qualify for discounts that many people don't even know exist. Some trigger automatically when you get a quote, but a few must be inquired about before you will receive the discount.

No Claims - Drivers who don't have accidents pay much less when compared to frequent claim filers.
Accident Waiver - A few companies will forgive one accident without raising rates if your claims history is clear for a particular time prior to the accident.
Theft Prevention System - Anti-theft and alarm systems can help prevent theft and will save you 10% or more.
Club Memberships - Affiliation with certain professional organizations could qualify you for a break when shopping for auto insurance.
Student Driver Training - Require your teen driver to successfully complete driver's ed class in school.
Military Discounts - Having a deployed family member could mean lower rates.
Good Student Discount - Getting good grades can be rewarded with saving of up to 25%. Earning this discount can benefit you until age 25.
Discount for Life Insurance - Larger companies have lower rates if you buy auto and life insurance together.

Consumers should know that most credits do not apply to all coverage premiums. Most only cut individual premiums such as comp or med pay. Even though it may seem like having all the discounts means you get insurance for free, companies don't profit that way. Any qualifying discounts will cut the amount you have to pay.

For a list of insurance companies offering auto insurance discounts in New Castle, follow this link.

Additional auto insurance information is located on the website for the Kentucky Department of Insurance located here. Kentucky drivers can read industry bulletins, learn about insurance regulations, read consumer alerts, and find out which companies have the most complaints.

Affordable insurance is out there

Cost effective auto insurance can be found on the web in addition to many New Castle insurance agents, so you should compare both to have the best chance of lowering rates. There are still a few companies who do not provide online quoting and these small, regional companies work with independent agents.

When you buy insurance online, never reduce needed coverages to save money. There are too many instances where drivers have reduced collision coverage and learned later that the few dollars in savings costed them thousands. Your strategy should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.