Easy Tips to Save Money on Pikeville Auto Insurance

Are you intimidated by the sheer number of auto insurance options in Pikeville? Many other consumers are too. Drivers have so many choices that it can turn into more work than you anticipated to find the perfect company for you.

It's important to shop coverage around every six months since insurance rates are constantly changing. Despite the fact that you may have had the lowest rates two years ago you can probably find a better price now. Starting now, block out anything you think you know about auto insurance because it's time to teach you the tricks you need to know to find better rates and still maintain coverage.

Tips to Get Lower Pikeville Rates

Consumers need to have an understanding of some of the elements that help determine auto insurance rates. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that may reward you with better auto insurance rates.

The following are a few of the "ingredients" used by your company to calculate rates.

With age comes lower rates - Older insureds are viewed as being more responsible, tend to cause fewer accidents and are safer drivers. Teenage drivers are known to be more careless when behind the wheel and because of this, their auto insurance rates are much higher.
Do you know your deductibles? - Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. A few examples of covered claims are colliding with a building, collision with an animal, or theft. Your deductibles are how much you are required to spend before your auto insurance pays a claim. The higher the amount you have to pay, the less your auto insurance will be.
Men pay higher rates - Statistics demonstrate women are more cautious behind the wheel. However, this does not mean women are BETTER drivers than men. Men and women have accidents in similar percentages, but the males have costlier accidents. They also get cited for more serious violations like reckless driving and DUI. Youthful male drivers are several times more likely to be in an accident and are penalized with high auto insurance rates.
You might want pay the small claims yourself - Car insurance companies in Kentucky provide cheaper rates to insureds who do not file claims often. If you file claims often, you can expect either a policy non-renewal or much higher rates. Car insurance is intended to be relied upon for the large, substantial claims.
Special features that cut premiums - Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can thwart your car from being stolen.
Safer occupants lowers premiums - Safer cars are cheaper to insure. These vehicles protect occupants better and better occupant protection means lower claim amounts and more competitive rates for policyholders.

How much can you save with discounts?

Companies offering auto insurance do not advertise all their discounts in a way that's easy to find, so we break down some of the best known and the more hidden auto insurance savings.

Senior Discount - If you're over the age of 55, you may be able to get a small decrease in premiums.
Multiple Vehicles - Buying insurance for multiple vehicles with the same company could earn a price break for each car.
Drivers Ed for Students - Cut your cost by having your teen driver complete a driver education course if it's offered in school.
Drive Less and Save - Fewer annual miles can earn lower rates on the low mileage vehicles.
Homeowners Discount - Owning a house in Pikeville may trigger a auto insurance policy discount due to the fact that maintaining a home is proof that your finances are in order.
Air Bag Discount - Factory air bags and/or automatic seat belt systems can qualify for discounts of 20% or more.

A little note about advertised discounts, most credits do not apply to all coverage premiums. A few only apply to the cost of specific coverages such as liability, collision or medical payments. So even though they make it sound like you would end up receiving a 100% discount, you won't be that lucky.

To choose companies who offer auto insurance discounts in Pikeville, follow this link.

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

Auto insurance companies such as Progressive, GEICO, Allstate and State Farm continually stream television and radio advertisements. They all seem to say the same thing about savings after switching your coverage to them. How can each company say the same thing?

Different companies are able to cherry pick for the type of customer that makes them money. For example, a desirable insured might be profiled as between the ages of 30 and 50, has no driving citations, and chooses high deductibles. A propective insured who fits that profile receives the best rates and is almost guaranteed to save when they switch companies.

Potential customers who don't meet the requirements will have to pay a higher premium which usually ends up with business not being written. Company advertisements say "people who switch" but not "drivers who get quotes" save that much money. That's the way companies can truthfully state the savings. Because of the profiling, you should get a wide range of price quotes. It's not possible to predict which auto insurance company will give you the biggest savings.

Even more information can be found at the Kentucky Department of Insurance website. Kentucky drivers can read enforcement actions against agents and companies, report car insurance fraud, and learn about insurance regulations.

The best insurance company isn't always the cheapest

When buying insurance coverage, it's not a good idea to buy poor coverage just to save money. There are many occasions where someone sacrificed uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage at an affordable rate.

Cheaper auto insurance can be bought on the web as well as from independent agents in Pikeville, and you should compare price quotes from both to have the best rate selection. Some insurance companies don't offer online price quotes and most of the time these regional insurance providers sell through independent agents.

Consumers change insurance companies for many reasons like not issuing a premium refund, lack of trust in their agent, denial of a claim or even extreme rates for teen drivers. It doesn't matter what your reason, finding the right auto insurance provider is easier than you think.