Car Insurance in North Salt Lake - 5 Ways to Save Money

If you've never shopped for car insurance online, it's easy to get confused by the large number of car insurance companies offering coverage in North Salt Lake.

It's important to price shop coverage occasionally since rates are constantly changing. Even if you got the lowest rates a few years ago you can probably find a better price now. So forget anything you know (or think you know) about car insurance because we're going to show you the tricks you need to know to lower your annual insurance bill.

Are you getting all your discounts?

Car insurance can cost a lot, buy you may qualify for discounts to reduce the price significantly. Most are applied when you quote, but lesser-known reductions have to be manually applied prior to getting the savings.

Early Switch Discount - Some insurance companies reward drivers for buying a policy prior to your current policy expiration. It's a savings of about 10%.
Braking Control Discount - Vehicles equipped with ABS or steering control can reduce accidents and therefore earn up to a 10% discount.
Auto/Life Discount - Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
Resident Student - Any of your kids who attend school more than 100 miles from home and do not have access to a covered vehicle can be insured at a reduced rate.
Save with a New Car - Buying coverage on a new vehicle can cost up to 25% less since new cars are generally safer.

As a disclaimer on discounts, most discount credits are not given to your bottom line cost. Most only reduce individual premiums such as medical payments or collision. So even though it sounds like all the discounts add up to a free policy, car insurance companies aren't that generous. Any amount of discount will bring down the cost of coverage.

To choose providers who offer car insurance discounts in Utah, click this link.

How can State Farm and Allstate save drivers who switch?

Companies like State Farm and Allstate continually stream ads on television and other media. All the ads make the same claim about savings after switching your policy. How does each company claim to save you money?

All companies have a certain "appetite" for the right customer that makes them money. For example, a preferred risk might be over the age of 40, owns a home, and has a short commute. Any new insured who matches those parameters will get the preferred rates and as a result will probably save when switching.

Potential customers who are not a match for these standards will be charged a higher premium which leads to the customer not buying. The ads state "customers that switch" not "everybody who quotes" save that kind of money. That is how companies can truthfully make the claims of big savings.

That is why you should compare many company's rates. It's just too difficult to predict which company will fit your personal profile best.

Tailor your coverage to you

When buying adequate coverage for your vehicles, there isn't really a "best" method to buy coverage. Everyone's needs are different.

For instance, these questions might point out whether you could use an agent's help.

Does my car insurance cover rental cars?
Can I get a multi-policy discount for packaging my home and auto coverage?
When does my teenage driver need to be added to my policy?
Do I pay less if my vehicle is kept in my garage?
Who is covered when they drive my vehicle?
Is my cargo covered for damage or theft?
Am I covered if I drive in a foreign country?

If it's difficult to answer those questions but a few of them apply, you may need to chat with a licensed agent. To find lower rates from a local agent, fill out this quick form.

For more Utah car insurance information

Additional information can be found on the Utah Insurance Department website located here. Visitors are able to file complaints about a company, find out industry alerts, and view agent and company licensing information.

Shop smart and save

We just covered some good ideas how to save on car insurance. The most important thing to understand is the more you quote, the better your comparison will be. Consumers may even find the lowest premiums are with a small local company.

As you shop your coverage around, it's very important that you do not buy poor coverage just to save money. There have been many cases where an insured cut uninsured motorist or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your goal should be to get the best coverage possible at a price you can afford, not the least amount of coverage.

Insureds change insurance companies for a number of reasons such as high prices, policy cancellation, delays in paying claims or even not issuing a premium refund. Regardless of your reason for switching companies, choosing a new insurance company is easier than you think.