Proven Techniques to Save on Ocean City Car Insurance

Nobody I know cherishes buying car insurance, especially when the cost is way too high.

Drivers have multiple to buy insurance from, and even though it's nice to have multiple companies, it can be more challenging to compare rates.

How much can you save with discounts?

Insuring your fleet can be pricey, but you can get discounts that you may not know about. Some trigger automatically at the time you complete a quote, but a few need to be specifically requested prior to getting the savings.

Service Members Pay Less - Having a family member in the military could be rewarded with lower premiums.
Anti-theft System - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.
Multiple Cars - Buying insurance for all your vehicles on one policy may reduce the rate for each vehicle.
Accident Forgiveness - Certain companies will forgive one accident before your rates go up if your claims history is clear for a certain period of time.
Good Student - Performing well in school can save 20 to 25%. This discount can apply up until you turn 25.

Keep in mind that most discount credits are not given to your bottom line cost. A few only apply to individual premiums such as liability and collision coverage. Even though it may seem like you would end up receiving a 100% discount, it just doesn't work that way. But any discount will bring down the amount you have to pay.

Ocean City Rates are Influenced by These Factors

Smart consumers have a good feel for the rating factors that play a part in calculating your car insurance rates. Knowing what influences your rates enables informed choices that will entitle you to better car insurance rates.

Shown below are a few of the "ingredients" car insurance companies consider when setting prices.

Equipment add-ons that lower car insurance rates - Owning a car with an alarm system can get you a discount on your car insurance. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can help prevent your vehicle from being stolen.
How many coverages with the same company - Some car insurance companies provide better rates to policyholders who have multiple policies with them in the form of a multi-policy discount. Even with this discount, you still need to compare other company rates to ensure the best deal.
Do you have enough liability coverage? - Your policy's liability coverage is the coverage that protects you when you are found to be at fault for causing damage or personal injury in an accident. It provides for a legal defense up to the limits shown on your policy. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should carry high limits.
Males pay more for insurance - Statistics show that women are safer drivers than men. Now that doesn't mean men are worse drivers. Men and women have accidents in similar percentages, but the men tend to have more serious accidents. Men also statistically have more aggressive citations such as reckless driving.

How much car insurance do I need?

When it comes to buying the right insurance coverage for your vehicles, there isn't really a best way to insure your cars. Coverage needs to be tailored to your specific needs so this has to be addressed. For example, these questions might point out if your insurance needs would benefit from an agent's advice.

Am I covered when pulling a rental trailer?
Do I need special endorsements for business use of my vehicle?
Am I covered if I wreck a rental car?
Does my policy cover me when driving someone else's vehicle?
Do I need to file an SR-22 for a DUI in New Jersey?
Should I buy additional glass protection?
Is my vehicle covered for flood damage?

If it's difficult to answer those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find an agent in your area, complete this form or you can also visit this page to select a carrier

Save 15 percent in 15 minutes? Is it for real?

Car insurance providers like State Farm, Allstate and GEICO consistently run television and radio advertisements. They all make the same claim that you can save if you change to their company. How does each company make the same claim?

Different companies have a certain "appetite" for the driver that earns them a profit. For example, a driver they prefer could be between 25 and 40, owns a home, and has excellent credit. A customer who matches those parameters receives the best rates and is almost guaranteed to save when switching.

Potential customers who don't meet these standards will be quoted a more expensive rate which leads to business going elsewhere. Company advertisements say "customers that switch" but not "drivers who get quotes" save that much. That is how insurance companies can make those claims.

This emphasizes why drivers should get quotes from several different companies. Because you never know which company will have the lowest rates.

More information can be found on the website for the New Jersey Department of Banking and Insurance located here. Consumers can view a list of available companies, read consumer alerts, find out which companies have the most complaints, and learn about insurance regulations.

Do the work, save more money

While you're price shopping online, never skimp on coverage in order to save money. There have been many situations where an insured cut physical damage coverage only to regret at claim time they didn't purchase enough coverage. The proper strategy is to buy enough coverage at a price you can afford while still protecting your assets.

Affordable car insurance can be sourced from both online companies and also from your neighborhood Ocean City agents, so you should compare both to have the best rate selection. Some companies may not provide you the ability to get quotes online and these regional insurance providers work with independent agents.