Tightwads Tips for Saving on North Weymouth Auto Insurance

Overpriced auto insurance can drain your personal savings and force you to make sacrifices. Shopping your coverage around is a smart way to cut your insurance bill.

Drivers have so many to pick from, and although it's nice to have multiple companies, too many choices makes it more difficult to compare rates.

Don't pay full price with these discounts

Companies don't always publicize all available discounts very clearly, so here is a list both the well known and also the lesser-known auto insurance savings.

More Vehicles More Savings - Having multiple cars or trucks on one policy can get a discount on all vehicles.
Senior Citizens - If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums.
Pay Upfront and Save - If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
Discount for Life Insurance - Some companies give a discount if you purchase life insurance from them.
Paperless Signup - Some insurance companies may give you up to $50 just for signing your application over the internet.

Keep in mind that most of the big mark downs will not be given to the overall cost of the policy. Some only reduce specific coverage prices like physical damage coverage or medical payments. So despite the fact that it appears you could get a free auto insurance policy, it just doesn't work that way.

How to Lower your Auto Insurance Rates

Smart consumers have a good feel for some of the elements that come into play when calculating the rates you pay for auto insurance. Knowing what influences your rates empowers consumers to make smart changes that could result in better auto insurance rates.

The list below includes some of the factors used by your company to calculate premiums.

Increase deductibles and save - Your deductibles represent how much money you are required to spend out-of-pocket if you file a covered claim. Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. A few examples of covered claims would be colliding with a building, vandalism, or theft. The more money you have to pay, the bigger discount you will receive.
Sex matters - Statistics have proven that women are safer drivers than men. However, don't assume that women are BETTER drivers than men. Men and women cause accidents at about the same rate, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get cited for more serious violations like DUI and reckless driving.
Your car's features help determine rates - Purchasing a vehicle with a theft deterrent system can get you a discount on your auto insurance. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all aid in stopping your car from being stolen.
Please use or commuting - The more you drive in a year's time the more you'll pay to insure your vehicle. Almost all companies charge to insure your cars based on their usage. Vehicles that are left in the garage can get a lower rate as compared to vehicles used primarily for driving to work. Verify your auto insurance policy shows the correct driver usage, because it can save money.
Marriage pays dividends - Being married actually saves money when buying auto insurance. Having a spouse translates into being more mature and statistics show married drivers get in fewer accidents.

Your personal situation dictates your coverage

When it comes to buying proper insurance coverage for your personal vehicles, there isn't really a perfect coverage plan. Your needs are not the same as everyone else's so your insurance needs to address that. Here are some questions about coverages that may help you determine whether or not you might need an agent's assistance.

Can I afford to buy a different vehicle if my vehicle is totaled?
Should I buy additional glass protection?
Are my tools covered if they get stolen from my vehicle?
What are the financial responsibility laws in Massachusetts?
Does my liability insurance cover pulling a trailer or camper?
Do I qualify for additional discounts?
Are there companies who specialize in insuring high-risk drivers?
Am I covered when delivering products for my home-based business?

If you don't know the answers to these questions but you think they might apply to your situation, you may need to chat with an insurance agent. If you don't have a local agent, complete this form or go to this page to view a list of companies.

The auto insurance bait and switch

Allstate, GEICO and Progressive regularly use ads in print and on television. All the companies say the same thing that you can save if you move your coverage to them. How does each company claim to save you money? It's all in the numbers.

Different companies have a preferred profile for the type of customer that earns them a profit. An example of a profitable customer might be between the ages of 30 and 50, insures multiple vehicles, and has a high credit rating. A customer getting a price quote who fits that profile will get very good rates and therefore will save when switching.

Potential customers who don't measure up to these standards must pay higher prices which usually ends up with the customer not buying. The ads say "customers who switch" not "everyone that quotes" save that much money. This is how insurance companies can state the savings. This illustrates why drivers should compare many company's rates. It's impossible to know which insurance companies will have the lowest rates.

Additional detailed information is available at the Massachusetts Division of Insurance website. Visitors are able to report car insurance fraud, learn about insurance regulations, view a list of available companies, and file complaints about an insurance agent or broker.

Also read more on this link for Massachusetts auto insurance quotes and this page for help finding agents in North Weymouth, MA.

Shop smart and save

Affordable auto insurance is possible both online as well as from independent agents in North Weymouth, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies don't offer you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

As you restructure your insurance plan, make sure you don't skimp on coverage in order to save money. In too many instances, drivers have reduced comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. Your focus should be to find the BEST coverage at the best price while not skimping on critical coverages.