Top 7 Ways to Save on Car Insurance in Owatonna, MN

Sick and tired of being strong-armed each month for car insurance? You are in the same boat as the majority of other car owners in Minnesota. Insurance companies such as State Farm, Allstate, GEICO and Progressive continually hit you with fancy advertisements and it is difficult to sift through the bull and effectively compare rates to find the best deal.

It's important to price shop coverage before your policy renews since rates are constantly changing. Even if you think you had the lowest price six months ago there is a good chance you can find better rates now. There is a lot of bad advice regarding car insurance on the web, but I'm going to show you some great ways to reduce your car insurance bill.

Owatonna car insurance comparison

Compare Owatonna Car Insurance Costs

Reducing your insurance rates can be surprisingly simple. You just have to spend a few minutes to compare rate quotes provided by online insurance companies. It is quite easy and can be accomplished in just a few minutes using one of these methods.

  1. The fastest way consumers can make multiple comparisons is to use a rate comparison form click to view form in new window. This type of form prevents you from having to do boring form submissions for every car insurance company. In just a few minutes this one form will get you price quotes from all major companies.
  2. A more time consuming way to get quotes online requires a visit to each company's website to request a price quote. For sake of this example, let's assume you want rates from , and . To get rate quotes you would need to spend time on each company's site to input your insurance information, and that's why the first method is more popular. To view a list of companies in Owatonna, click here.

Whichever method you choose, ensure you're using exactly the same coverage limits for each price quote. If you enter differing limits you will not be able to truly determine the lowest rate in Owatonna.

Save big with these seven discounts

The cost of insuring your cars can be expensive, buy you may qualify for discounts to help bring down the price. Certain discounts will be triggered automatically when you get a quote, but a few must be requested specifically before you will receive the discount. If you aren't receiving every discount available, you are paying more than you should be.

  • Senior Citizens - If you're over the age of 55, you may receive a discount up to 10%.
  • No Claims - Claim-free drivers pay much less as compared to accident-prone drivers.
  • Drive Less and Save - Low mileage vehicles could be rewarded with a substantially lower rate.
  • Pay Now and Pay Less - By paying your policy upfront instead of making monthly payments you could save 5% or more.
  • Save with a New Car - Insuring a new car can cost up to 25% less since new cars are generally safer.
  • Military Discounts - Being deployed with a military unit could be rewarded with lower premiums.
  • Anti-theft Discount - Vehicles with anti-theft systems help deter theft and therefore earn up to a 10% discount.

It's important to note that some credits don't apply to the entire cost. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So when it seems like all the discounts add up to a free policy, you're out of luck. But any discount will reduce your overall premium however.

To choose companies with discount car insurance rates in Owatonna, click here.

Car insurance ads bend the truth

Consumers in Minnesota can't ignore all the ads for the lowest price auto insurance from companies such as Progressive, GEICO, Allstate and State Farm. They all seem to have a common claim that you can save if you change your policy.

How can each company claim to save you money? This is how they do it.

All companies can use profiling for the right customer that makes them money. For instance, a desirable insured might be between the ages of 40 and 55, is a homeowner, and has a high credit rating. Any new insured that hits that "sweet spot" will qualify for the lowest rates and most likely will save when they switch companies.

Drivers who fall outside the requirements will have to pay higher premiums and this can result in the customer not buying. The ad wording is "drivers who switch" not "people who quote" save that kind of money. That's why insurance companies can state the savings.

Because of the profiling, you need to quote coverage with many companies. It's just too difficult to predict the company that will have the lowest rates.

More information is located on the website for the Minnesota Department of Commerce. Click here for link. Visitors are able to learn about insurance regulations, read industry bulletins, find disaster information, and view a list of available companies.

Best coverage at the best price

As you restructure your insurance plan, it's not a good idea to reduce coverage to reduce premium. There are many occasions where an accident victim reduced collision coverage and learned later that they should have had better coverage. Your aim should be to purchase a proper amount of coverage for the lowest price.

Lower-priced car insurance is attainable both online in addition to many Owatonna insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies do not provide online price quotes and most of the time these small, regional companies sell through independent agents.