Tightwads Guide to Saving on Norfolk Auto Insurance

Having to pay for overpriced auto insurance can dwindle your personal savings and make it impossible to make ends meet. Comparing price quotes is a smart way to slash your bill and have more diposable income.

With consumers having so many companies and agents to choose from, it can be diffult for consumers to locate the most affordable car insurance company.

It's important to take a look at other company's rates on a regular basis because prices are constantly changing. Even if you got the best deal a few years ago you will most likely find a better rate today. Starting right now, ignore everything you know about auto insurance because you're going to get a crash course in the proper way to reduce your cost while increasing coverage.

Choosing the best insurance company for you in Norfolk is quite easy. If you currently have a car insurance policy, you stand a good chance to be able to save some money using these techniques. Nevertheless, Massachusetts drivers do need to know how companies price insurance differently and take advantage of how the system works.

More discounts equal less premium

Companies don't necessarily list every available discount very well, so here is a list both well-publicized and the harder-to-find auto insurance savings.

  • Theft Prevention Discount - Anti-theft and alarm systems are stolen less frequently and therefore earn up to a 10% discount.
  • Accident Waiver - Some insurance companies will allow you to have one accident before your rates go up if you are claim-free for a set time period.
  • Multi-policy Discount - If you have multiple policies with the same insurance company you could get a discount of at least 10% off all policies.
  • Multiple Vehicles - Having multiple vehicles on one policy qualifies for this discount.
  • Clubs and Organizations - Participating in a professional or civic organization could qualify you for a break on your policy.
  • Low Mileage - Fewer annual miles can qualify you for lower rates on the low mileage vehicles.
  • Driver's Ed - Make teen driver coverage more affordable by requiring them to take driver's ed class if it's offered in school.
  • No Accidents - Drivers who don't have accidents can earn big discounts compared to drivers who are more careless.

Consumers should know that most credits do not apply to all coverage premiums. Most only reduce the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, companies don't profit that way.

Norfolk auto insurance quote

Switch companies and save? Really?

Companies like Allstate and Progressive continually stream ads in print and on television. All the ads say the same thing of big savings after switching to their company. But how can every company make almost identical claims? This is how they do it.

Insurance companies have a preferred profile for the driver that earns them a profit. An example of a preferred risk could possibly be between 25 and 40, insures multiple vehicles, and has a short commute. A customer getting a price quote who fits that profile will get the preferred rates and therefore will save a lot of money.

Potential insureds who do not match this ideal profile will be charged more money which usually ends up with the driver buying from a lower-cost company. The ads state "drivers who switch" not "everyone that quotes" save that much. This is how insurance companies can confidently make the claims of big savings. That is why you should compare many company's rates. It's impossible to know which insurance companies will fit your personal profile best.

For more Massachusetts auto insurance information

More tips and info about auto insurance is available at the Massachusetts Division of Insurance website. Massachusetts consumers can read consumer alerts, get help finding coverage, view agent and company licensing information, and report car insurance fraud.

Also read more on BankRate.com's Car Insurance: When not to Skimp and this Norfolk agent directory.

The best insurance company isn't always the cheapest

As you shop your coverage around, do not buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The aim is to get the best coverage possible for the lowest price, not the least amount of coverage.

Cost effective auto insurance can be purchased online and also from your neighborhood Norfolk agents, so you should compare both in order to have the best chance of saving money. Some insurance providers may not provide you the ability to get quotes online and many times these smaller companies only sell through independent insurance agents.