Easy Methods to Pay Less on Paintsville Auto Insurance

If you're new to shopping for auto insurance online, it's easy to be confused by the vast number of auto insurance companies offering coverage in Paintsville.

Buying affordable auto insurance in Paintsville is simple if you know the tricks. Essentially everyone who has to buy auto insurance will most likely be able to reduce their rates. Nevertheless, Kentucky drivers do need to know the way insurance companies market insurance on the web and take advantage of how the system works.

You have some control over your rates

Consumers need to have an understanding of the different types of things that play a part in calculating the price you pay for auto insurance. Knowing what determines base rates enables informed choices that will entitle you to lower auto insurance prices.

  • Too many auto insurance claims drive up costs - Companies in Kentucky award lower rates to policyholders who are claim-free. If you frequently file small claims, you can look forward to either policy cancellation or increased premiums. Auto insurance is designed for larger claims.
  • How many coverages with the same company - Some insurers provide better rates to customers who buy several policies from them in the form of a multi-policy discount. If you currently are using one company, you still need to comparison shop to ensure the best deal.
  • Policy add-ons can waste money - There are quite a few additional coverages that can waste your money on your auto insurance policy. Coverages for personal injury protection, accident forgiveness and term life insurance may be costing you every month. They may seem good when you first buy your policy, but if they're wasting money eliminate them to save money.
  • Men are more aggressive - Statistics show that women are safer drivers than men. Now that doesn't mean men are worse drivers. Women and men cause accidents at about the same rate, but the men tend to have more serious accidents. Men also statistically receive more costly citations such as DWI and reckless driving.

Don't pay full price with these discounts

Properly insuring your vehicles can get expensive, but there could be available discounts to help bring down the price. Larger premium reductions will be automatically applied at the time of quoting, but some must be specifically requested before you will receive the discount.

  • Federal Employees - Employees or retirees of the government can save as much as 8% with a few auto insurance companies.
  • Anti-theft Discount - Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Safety Course Discount - Completing a course in driver safety can save you 5% or more if your company offers it.
  • Save over 55 - If you're over the age of 55, you may receive better auto insurance rates.
  • Life Insurance - Larger companies have a discount if you purchase a life insurance policy as well.
  • Passive Restraint Discount - Cars that have air bags or motorized seat belts may earn rate discounts of up to 25% or more.
  • Low Mileage Discounts - Low mileage vehicles can qualify you for discounted rates on garaged vehicles.
  • Discount for New Cars - Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.

Consumers should know that most discount credits are not given to your bottom line cost. Most only reduce individual premiums such as comp or med pay. So when it seems like you can get free auto insurance, companies don't profit that way. Any qualifying discounts will bring down your premiums.

To choose insurance companies with discount auto insurance rates in Kentucky, click here to view.

The auto insurance bait and switch

Auto insurance providers like Progressive, Allstate and GEICO consistently run ads in print and on television. They all make an identical promise of big savings if you change to their company. How does each company make almost identical claims?

All companies have a certain "appetite" for the driver that makes them money. An example of a driver they prefer could possibly be a mature driver, owns a home, and has excellent credit. A driver who meets those qualifications will get the preferred rates and therefore will save when switching.

Potential insureds who don't measure up to these standards will be quoted more money and ends up with the driver buying from a lower-cost company. The ads state "customers that switch" not "everyone that quotes" save that much. That is how insurance companies can confidently make those claims.

This emphasizes why you should get a wide range of price quotes. It is impossible to predict which company will have the lowest rates.

Your personal situation dictates your coverage

When buying proper insurance coverage for your vehicles, there isn't really a one size fits all plan. Everyone's situation is a little different.

Here are some questions about coverages that might point out whether or not you would benefit from professional advice.

  • Am I covered if I drive in a foreign country?
  • Does my personal auto insurance policy cover using my vehicle for business use?
  • Should I rate my vehicle as pleasure use or commute?
  • Should I buy additional glass protection?
  • What are the financial responsibility laws in Kentucky?
  • Can I rate high risk drivers on liability-only vehicles?
  • What happens if I owe more than my vehicle is worth?

If you're not sure about those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, simply complete this short form.

Additional auto insurance information is available on the Kentucky Department of Insurance website located here. Kentucky consumers can download brochures, read consumer alerts, and discover disciplinary actions.

Paintsville auto insurance quote

Final considerations

People leave their current company for a number of reasons such as extreme rates for teen drivers, policy non-renewal, delays in responding to claim requests or even denial of a claim. Regardless of your reason, choosing a new insurance company is easier than you think.

While you're price shopping online, it's very important that you do not buy poor coverage just to save money. There are too many instances where an insured cut liability limits or collision coverage only to find out they didn't purchase enough coverage. Your strategy should be to get the best coverage possible at a price you can afford while still protecting your assets.

Cost effective auto insurance is attainable online and also from your neighborhood Paintsville agents, and you need to price shop both to have the best chance of lowering rates. Some companies may not provide online price quotes and these smaller companies work with independent agents.