Tightwads Instructions on Saving on Orem Auto Insurance

I can't think of anyone who likes paying for auto insurance, in particular when their premiums are through the roof. Lots of contend for your hard-earned dollar, and it can be difficult to compare rates and uncover the absolute lowest rate

If you have a policy now or are shopping for new coverage, you can follow these tips to find better prices and possibly find even better coverage. Choosing the best insurance company for you in Orem is quite easy. Utah drivers only need an understanding of how to find the lowest price on the web.

Don't pay full price with these discounts

Insurance can cost an arm and a leg, but you can get discounts that you may not know about. Most are applied at the time of purchase, but lesser-known reductions have to be asked about prior to receiving the credit. If they aren't giving you every credit you qualify for, you're paying more than you need to.

Multiple Cars - Having all your vehicles on the same auto insurance policy qualifies for this discount.
Theft Prevention System - Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
Memberships - Participating in certain professional organizations may earn a discount when buying auto insurance.
Fewer Miles Equal More Savings - Low mileage vehicles can earn a substantially lower rate.
Accident Forgiveness - A few companies will allow you to have one accident before raising your premiums so long as you haven't had any claims for a particular time prior to the accident.
Homeowners Savings - Owning a home in Orem can save you money because maintaining a house is proof that your finances are in order.
Pay Now and Pay Less - By paying your policy upfront instead of paying each month you may reduce your total bill.

It's important to understand that some of the credits will not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, it doesn't quite work that way. Any qualifying discounts will cut your premiums.

To see a list of insurers with discount auto insurance rates in Orem, click here.

Finding Auto Insurance Deals in Orem, UT

There are multiple methods to shop for auto insurance, but one way is easier and takes less work. You can waste a lot of time talking to agents in Orem, or you can stay home and use online quotes to get pricing more quickly.

Many insurance companies enroll in a system that enables customers to enter their coverage request one time, and each company returns a rated price based on the submitted data. This prevents consumers from doing form submissions to each individual auto insurance company.

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

The only drawback to getting quotes like this is that you can't choose which carriers you want pricing from. If you would rather choose specific insurance companies for rate comparison, we have a listing of the cheapest auto insurance companies in Utah. Click here to view list.

However you get your quotes, make absolute certain that you use the exact same quote information for every quote you compare. If each company quotes mixed coverages it will be very difficult to determine the best price in Orem.

Good Decisions Result in Lower Rates

An important part of buying insurance is that you know the factors that play a part in calculating the price you pay for auto insurance. Understanding what determines base rates enables informed choices that could result in big savings.

Shown below are a few of the "ingredients" auto insurance companies consider when setting premiums.

Lower deductibles cost more - The deductibles represent how much money you are willing to pay out-of-pocket before a claim is paid by your company. Coverage for physical damage, also known as collision and other-than-collision, covers damage that occurs to your car. Some instances where coverage would apply could be colliding with a building, damage from fire, and burglary. The higher the amount you are required to pay out-of-pocket, the lower your rates will be.
One company can mean more discounts - Some insurance companies will award you with lower prices to customers who buy several policies from them. It's known as a multi-policy discount. This can amount to 10 percent or more. If you currently are using one company, it's in your best interest to compare rates to ensure the best deal.
Protect yourself with liability coverage - Your policy's liability coverage is the coverage that protects you if a court rules you are at fault for causing damage or personal injury in an accident. Liability insurance provides for a legal defense which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
Choose a safe vehicle and save - Vehicles with good safety scores get lower rates. Safe vehicles reduce injuries and lower injury rates means less money paid by your insurance company and lower rates for you.

Your personal situation dictates your coverage

When choosing adequate coverage for your vehicles, there is no one size fits all plan. Everyone's situation is unique and your policy should reflect that. Here are some questions about coverages that might point out whether or not you could use an agent's help.

Am I covered when driving on a suspended license?
Do I need special endorsements for business use of my vehicle?
Are rental cars covered under my policy?
Is my dog or cat covered if injured in an accident?
Is my vehicle covered for flood damage?
Does my policy cover me when driving someone else's vehicle?
Does my personal auto insurance policy cover using my vehicle for business use?

If you can't answer these questions, you might consider talking to a licensed insurance agent. If you want to speak to an agent in your area, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and may give you better protection.

The auto insurance bait and switch

Utah consumers can't get away from ads for cheaper car insurance by Allstate, GEICO and Progressive. All the companies have a common claim of big savings if you change to their company.

How do they all make almost identical claims? This is how they do it.

All the different companies have a certain "appetite" for the driver that is profitable for them. For example, a profitable customer could possibly be over the age of 40, owns a home, and drives less than 10,000 miles a year. A driver that hits that "sweet spot" will qualify for the lowest rates and therefore will cut their rates substantially.

Potential customers who don't measure up to the "perfect" profile must pay higher prices and this can result in the driver buying from a lower-cost company. The ad wording is "drivers who switch" not "everyone that quotes" save that much. That is how insurance companies can confidently advertise the way they do.

This illustrates why drivers must get as many quotes as possible. It is impossible to predict which company will provide you with the cheapest rates.

Best coverage at the best price

Low-cost auto insurance can be sourced online and also from your neighborhood Orem agents, and you need to comparison shop both so you have a total pricing picture. Some auto insurance companies may not provide the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

As you go through the steps to switch your coverage, you should never reduce coverage to reduce premium. In too many instances, an insured cut uninsured motorist or liability limits only to regret that the savings was not a smart move. Your focus should be to get the best coverage possible for the lowest price while not skimping on critical coverages.

For more Utah car insurance information

Additional auto insurance information can be found on the website for the Utah Insurance Department. Click here for link. Utah consumers can report car insurance fraud, read consumer alerts, find out which companies have the most complaints, and find disaster information.