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

Having to pay for overpriced auto insurance can empty your savings account and force you to make sacrifices. Comparing price quotes is free and is an excellent way to reduce premiums and put more money in your pocket. Consumers have many to buy insurance from, and even though it's nice to be able to choose, it can be more difficult to compare rates.

It's important to compare rates on a regular basis because prices are constantly changing. If you had the best deal last year there is a good chance you can find better rates now. Starting right now, ignore everything you know about auto insurance because you're going to get a crash course in the only way to properly buy coverages and cut your premium.

Buying the cheapest auto insurance coverage in New Gloucester is simple if you know the tricks. If you are insured now or need new coverage, you will benefit by learning to find better prices and possibly find even better coverage. Maine drivers only need an understanding of the proper methods to compare company rates online.

You have some control over your rates

Consumers need to have an understanding of the rating factors that come into play when calculating the price you pay for auto insurance. Knowing what determines base rates enables informed choices that can help you get big savings.

Multiple policies with one company can save - The majority of auto insurance companies give discounts to customers who have multiple policies with them in the form of a multi-policy discount. If you currently are using one company, it's in your best interest to comparison shop to ensure the best deal.
Being married can save on auto insurance - Being married actually saves money on your auto insurance policy. Marriage means you're more mature and responsible it has been statistically shown that married drivers get in fewer accidents.
Special features that cut premiums - Purchasing a vehicle with anti-theft technology or alarm system can get you a discount on your auto insurance. Anti-theft devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.
High deductibles save money - Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some instances where coverage would apply could be running into the backend of another car, vandalism, or theft. Physical damage deductibles are the amount of money you are required to spend out-of-pocket if you file a covered claim. The more money you are required to pay out-of-pocket, the bigger discount you will receive.
Sex matters - Statistics have proven that women are safer drivers than men. However, don't assume that men are worse drivers. They both have accidents at about the same rate, but men cause more damage and cost insurance companies more money. Men also have more aggressive citations such as DWI and reckless driving.
Protect yourself with liability coverage - The liability section of your policy is the protection in the event that a court rules you are at fault for causing damage or personal injury in an accident. It provides legal defense coverage which can cost thousands of dollars. Liability is cheap compared to insuring for physical damage coverage, so drivers should carry high limits.

Auto Insurance Prices in New Gloucester, Maine

Shopping for lower auto insurance rates can be challenging if you don't understand the most efficient way to do it. You can spend your afternoon driving to local insurance agents in New Gloucester, or you can stay home and use the web to achieve your goal.

Most of the larger companies belong to an insurance system that allows shoppers to only type in their quote data once, and each company can give them a price. This system prevents you from having to do repetitive form submissions to each individual auto insurance company.

To submit your quote information now, click here to open in new window.

The only drawback to comparing rates this way is that consumers can't choose which providers you want to price. So if you want to choose specific insurance companies to request quotes from, we have a listing of the cheapest auto insurance companies in Maine. View list of Maine insurance companies.

It doesn't matter which method you choose, just ensure you are comparing identical deductibles and coverage limits on every quote you get. If you compare different values for each quote it will be very difficult to determine which rate is truly the best in New Gloucester.

Be sure to get all your discounts

Car insurance is not cheap, but there could be available discounts to help offset the cost. A few discounts will automatically apply when you quote, but lesser-known reductions have to be asked for prior to getting the savings. If you're not getting every credit you deserve, you are paying more than you should be.

Theft Prevention System - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and therefore earn up to a 10% discount.
Own a Home - Being a homeowner may earn you a small savings because of the fact that having a home requires personal responsibility.
Pay Upfront and Save - If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
E-sign - A handful of insurance companies will discount your bill up to fifty bucks simply for signing over the internet.
More Vehicles More Savings - Buying insurance for multiple cars or trucks with the same company qualifies for this discount.
Auto/Life Discount - Larger companies have a discount if you purchase auto and life insurance together.
Save over 55 - If you're over the age of 55, you can possibly qualify for better auto insurance rates.

It's important to understand that many deductions do not apply to all coverage premiums. Most cut the price of certain insurance coverages like comprehensive or collision. Even though it may seem like all those discounts means the company will pay you, it doesn't quite work that way. Any qualifying discounts will bring down the amount you have to pay.

To choose providers with the best auto insurance discounts in Maine, click this link.

Is there truth in advertising?

Maine consumers can't ignore all the ads for car insurance savings by Allstate and Progressive. All the ads make the same claim of big savings if you move to their company.

How does each company make almost identical claims? This is how they do it.

All the different companies have a preferred profile for the driver that makes them money. An example of a preferred risk could possibly be between 30 and 50, insures multiple vehicles, and drives newer vehicles. A customer getting a price quote who matches those parameters gets the lowest rates and is almost guaranteed to save when switching.

Potential customers who don't measure up to these standards will be charged a higher premium which leads to the driver buying from a lower-cost company. The ads say "drivers who switch" but not "drivers who get quotes" save that much. This is how insurance companies can confidently claim big savings.

That is why you need to get quotes from several different companies. It's impossible to know which insurance companies will give you the biggest savings.

Additional auto insurance information is available on the website for the Maine Bureau of Insurance. Click here for link. Maine consumers can read consumer alerts, get help finding coverage, view a list of available companies, and report car insurance fraud.

A tidy conclusion

When trying to cut insurance costs, never reduce coverage to reduce premium. Too many times, drivers have reduced comprehensive coverage or liability limits to discover at claim time that it was a big mistake. The aim is to purchase plenty of coverage for the lowest price, not the least amount of coverage.

Low-cost auto insurance is possible online and also from your neighborhood New Gloucester agents, so compare prices from both to have the best rate selection. A few companies may not provide online price quotes and many times these smaller companies only sell through independent insurance agents.