Comparing the Cheapest Owingsville Auto Insurance

Have you had enough of not being able to afford each month for car insurance? You are in the same boat as many other drivers in Kentucky. Online insurance companies like State Farm, Allstate, GEICO and Progressive increase brand awareness with ad campaigns and it can be hard to sift through the bull and find the best price available.

You have some control over your rates

Consumers need to have an understanding of the rating factors that play a part in calculating the price you pay for auto insurance. Having a good understanding of what impacts premium levels enables informed choices that will entitle you to better auto insurance rates.

Shown below are a partial list of the pieces auto insurance companies consider when setting prices.

Small claims can cost you - Companies in Kentucky give cheaper rates to insureds who are claim-free. If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Car insurance is designed for major claims that would cause financial hardship.
Your stress level may be raising your rates - Careers like judges, executives and dentists tend to have the highest average rates in part from high stress levels and long work hours. Other occupations like farmers, historians and retirees receive lower rates.
Safer cars cost less to insure - Safer cars tend to have better insurance rates. The safest vehicles reduce injuries and lower injury rates translates into fewer and smaller insurance claims and more competitive rates for policyholders.
Theft deterrents lower rates - Driving a car with anti-theft technology or alarm system can help bring down rates. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
Bump up deductibles to save - Physical damage deductibles define the amount you are willing to pay out-of-pocket before your auto insurance pays a claim. Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some instances where coverage would apply could be running into the backend of another car, damage from fire, and burglary. The more you are required to pay out-of-pocket, the less your company will charge you for insurance.
Big city or small town - Being located in a small town can save you money when insuring your vehicles. Lower population translates into fewer accidents as well as less vandalism and auto theft. Drivers who live in large Kentucky cities regularly have traffic congestion and longer commute times. Higher commute times means higher likelihood of an accident.
Careful drivers pay lower rates - A bad driving record has a huge affect on how much you pay. Even one citation can boost insurance rates forty percent or more. Careful drivers tend to pay less for car insurance than their less careful counterparts. If you have dangerous violations like reckless driving, hit and run or driving under the influence may find they need to submit a SR-22 or proof of financial responsibility with their state DMV in order to prevent a license revocation.
Liability coverage protects you - Your policy's liability coverage will protect you when a court rules you are at fault for causing damage or personal injury in an accident. It provides 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.

Be sure to get all your discounts

Car insurance companies don't necessarily list every discount in a way that's easy to find, so we researched both well-publicized and the harder-to-find ways to save on auto insurance. If you aren't receiving every discount available, you are paying more than you should be.

Drivers Ed for Students - Cut your cost by having your teen driver successfully complete driver's ed class if offered at their school.
No Accidents - Claim-free drivers pay much less when compared to accident-prone drivers.
Low Mileage Discounts - Low mileage vehicles could be rewarded with better rates on cars that stay parked.
Pay Now and Pay Less - If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
Multiple Cars - Buying insurance for all your vehicles with the same company qualifies for this discount.
Multiple Policy Discount - If you insure your home and vehicles with one company you will save 10% to 20% off each policy.

As a disclaimer on discounts, many deductions do not apply to the entire cost. Most only apply to the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you could get a free auto insurance policy, auto insurance companies aren't that generous.

To choose insurance companies with discount auto insurance rates in Owingsville, click this link.

Is there truth in advertising?

Kentucky consumers can't ignore all the ads for the lowest price auto insurance by State Farm, Allstate and GEICO. They all make the same claim about savings if you change to their company.

How can each company make almost identical claims? This is how they do it.

Different companies can use profiling for the driver that makes them money. For instance, a driver they prefer could possibly be between the ages of 30 and 50, is a homeowner, and chooses high deductibles. A customer getting a price quote who matches those parameters is entitled to the best price and is almost guaranteed to save when they switch companies.

Drivers who don't measure up to the requirements will be quoted higher premiums which leads to the driver buying from a lower-cost company. Company advertisements say "drivers who switch" but not "drivers who get quotes" save that much. That's why companies can truthfully state the savings. This emphasizes why you should get as many comparisons as possible. It's impossible to know the company that will give you the biggest savings.

Even more information is located at the Kentucky Department of Insurance website. Kentucky consumers can download brochures, read industry bulletins, find disaster information, and view a list of available companies.

In the end, you save

Cheap auto insurance is attainable online and also from your neighborhood Owingsville agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies may not provide online price quotes and these small, regional companies work with independent agents.

When buying insurance coverage, it's not a good idea to buy poor coverage just to save money. There have been many situations where an accident victim reduced liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. The proper strategy is to buy enough coverage for the lowest price while still protecting your assets.