Consumer Tested Strategies to Save on New Hope Auto Insurance

Having to pay for overpriced auto insurance can dwindle your checking account and force you to make sacrifices. Comparison shopping is free and is an excellent way to tighten up your finances.

Big companies like GEICO and Progressive increase brand awareness with fancy advertisements and it is challenging if not impossible to sift through the bull and effectively compare rates to find the best deal.

If you have car insurance now, you should be able to cut costs considerably using these techniques. Choosing the best insurance company for you in New Hope is not that difficult. Although Alabama drivers do need to know the methods companies use to market insurance on the web because it can help you find the best coverage.

Why some people pay less for insurance in New Hope

Consumers need to have an understanding of the rating factors that play a part in calculating the price you pay for auto insurance. Having a good understanding of what impacts premium levels allows you to make educated decisions that could result in lower auto insurance prices.

Shown below are a partial list of the pieces companies use to determine premiums.

Don't skimp on liability - Your policy's liability coverage is the protection if a court rules you are at fault for damages from an accident. Liability insurance provides legal defense starting from day one. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should carry high limits.
Being married can save on auto insurance - Having a wife or husband helps lower the price on your auto insurance policy. Having a spouse is viewed as being more responsible and it's proven that married drivers get in fewer accidents.
Safe vehicles cost less to insure - Cars with high safety ratings tend to have better insurance rates. Safe vehicles result in less severe injuries and lower injury rates translates into savings for insurance companies and more competitive rates for policyholders.
Your stress level may be raising your rates - Occupations such as judges, executives and dentists tend to pay the highest average rates because of high stress levels and lengthy work days. Other jobs such as pilots, historians and retirees have the lowest average rates.
High deductibles save money - Physical damage deductibles represent how much money you are willing to pay out-of-pocket before your auto insurance pays a claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Examples of covered claims could be colliding with a building, damage from fire, and burglary. The more you're willing to pay, the bigger discount you will receive.
More than one policy can earn a discount - Some auto insurance companies will award you with lower prices to customers who buy several policies from them such as combining an auto and homeowners policy. Discounts can amount to ten or even up to twenty percent in some cases. Even if you're getting this discount you still need to comparison shop to make sure you are getting the best deal.

Which Auto Insurance is Cheapest in New Hope, Alabama?

There are multiple methods to compare auto insurance quotes, but one way is less time-consuming than others. You can spend your afternoon discussing policy coverages with agents in New Hope, or you could save time and use online quoting to get rate comparisons in just a few minutes.

Most of the larger companies take part in a program that enables customers to only type in their quote data once, and every company returns a rated price based on the submitted data. This system prevents you from having to do quotation requests to each individual auto insurance company.

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

One minor caviat to using this type of form is that you can't choose which providers you want pricing from. So if you want to choose specific providers for rate comparison, we put together a list of auto insurance companies in Alabama. Click here to view list.

It doesn't matter which method you choose, just ensure you are comparing exactly the same coverage limits for every company. If you enter differing limits it's impossible to decipher which rate is best in New Hope. Having just a slight variation in coverages can mean a large discrepancy in price. Just remember that more quotes will improve the odds of getting better pricing.

Don't pay full price with these discounts

Insurance can cost an arm and a leg, but you may find discounts to help bring down the price. Most are applied at quote time, but less common discounts must be inquired about in order for you to get them.

Multiple Cars - Having all your vehicles with the same company may reduce the rate for each vehicle.
Paperless Signup - Certain companies will discount your bill up to fifty bucks for buying your policy digitally online.
Military Rewards - Having a family member in the military could be rewarded with lower premiums.
Accident Free - Drivers who don't have accidents pay much less when compared with accident-prone drivers.
Auto/Home Discount - If you insure your home and vehicles with the same insurance company you could get a discount of up to 20% off your total premium.
Auto/Life Discount - Companies who offer life insurance give better rates if you take out a life insurance policy as well.
Save over 55 - If you're over the age of 55, you may receive reduced rates.

A little note about advertised discounts, many deductions do not apply to all coverage premiums. Most only cut individual premiums such as physical damage coverage or medical payments. Even though it may seem like you can get free auto insurance, you won't be that lucky. Any amount of discount will reduce your premiums.

To choose insurers with discount auto insurance rates in New Hope, click this link.

The auto insurance bait and switch

Allstate, GEICO and Progressive consistently run ads in print and on television. All the companies make the same claim about savings if you change to them. How can each company make almost identical claims?

All companies have a preferred profile for the type of driver that makes them money. For instance, a profitable customer could possibly be over the age of 40, insures multiple vehicles, and has great credit. A customer getting a price quote who matches those parameters will qualify for the lowest rates and therefore will save when they switch companies.

Potential insureds who don't measure up to the requirements must pay more money which leads to the driver buying from a lower-cost company. The ad wording is "customers that switch" not "everyone that quotes" save money. This is how companies can truthfully advertise the savings.

This illustrates why you need to get as many quotes as possible. It's impossible to know which insurance companies will fit your personal profile best.

Additional information is located on the website for the Alabama Department of Insurance located here. Alabama consumers can find out which companies have the most complaints, get help finding coverage, find disaster information, and read industry bulletins.

Shop smart and save

The cheapest auto insurance is attainable online and with local New Hope insurance agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who do not offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

When you buy insurance online, it's a bad idea to reduce coverage to reduce premium. In too many instances, drivers have reduced liability coverage limits only to discover later that the few dollars in savings costed them thousands. Your focus should be to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.