Getting the Cheapest Pontotoc Car Insurance

Did you fall for a flashy sales pitch and buy an underperforming, overpriced car insurance policy? Trust us, you are not the only one feeling buyer's remorse. Companies like State Farm, Allstate, GEICO and Progressive constantly bombard you with advertising and consumers find it hard to sift through the bull and do the work needed to find the best deal.

If you have a current car insurance policy or need a new policy, you will benefit by learning to find better prices and still get good coverage. Finding affordable coverage in Pontotoc is easy if you know what you're doing. Mississippi vehicle owners just need to know the most efficient way to compare rates over the internet.

Pontotoc Rates are Influenced by These Factors

Consumers need to have an understanding of the rating factors that help determine your car insurance rates. Having a good understanding of what controls the rates you pay enables informed choices that will entitle you to much lower annual insurance costs.

The following are some of the items car insurance companies consider when setting prices.

Do you have a high stress job? - Did you know your job can affect your rates? Careers like real estate brokers, executives and dentists tend to have the highest average rates because of stressful work requirements and long work days. Other occupations like actors, historians and performers receive lower rates.
Do you know your deductibles? - Physical damage deductibles define the amount you are required to spend before your car insurance pays a claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, insures against damage to your car. Some instances where coverage would apply are running into the backend of another car, damage caused by hail, and windstorm damage. The more expense you are required to pay out-of-pocket, the less your car insurance will be.
Proper usage rating affects rates - Driving more miles in a year the higher your rate. Most insurance companies rate vehicles based on how the vehicle is used. Autos used primarily for pleasure use get more affordable rates compared to those used for work or business. Double check that your car insurance coverage is rated on the proper vehicle usage.
Better crash test results mean better rates - Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles reduce injuries and fewer injuries means lower claim amounts and more competitive rates for policyholders.
How's your driving record? - A bad driving record has a huge affect on how much you pay. Careful drivers have lower premiums compared to drivers with tickets. Only having one ticket can boost insurance rates forty percent or more. If you have flagrant violations such as 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 motor vehicle department in order to keep their license.
With age comes lower rates - Older insureds are more cautious drivers, statistically cause fewer accidents and are safer drivers. Young drivers are known to be careless and easily distracted when behind the wheel and because of this, their car insurance rates are much higher.

Policy discounts you shouldn't miss

Companies don't always publicize every discount in a way that's easy to find, so the following is a list of some of the more common as well as the least known ways to save on car insurance. If you aren't receiving every discount possible, you are paying more than you should be.

No Accidents - Drivers with accident-free driving histories pay less when compared to accident-prone drivers.
Multiple Vehicles - Buying insurance for multiple vehicles with the same company may reduce the rate for each vehicle.
New Car Discount - Adding a new car to your policy can cost up to 25% less because new vehicles have to meet stringent safety requirements.
Service Members Pay Less - Having a family member in the military may qualify for rate reductions.
Discount for Good Grades - This discount can earn a discount of 20% or more. The good student discount can last well after school through age 25.
Distant Student - Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.
Auto/Life Discount - Select insurance companies reward you with better rates if you take out life insurance.
Organization Discounts - Belonging to a civic or occupational organization could trigger savings when shopping for car insurance.
Driver Safety - Successfully completing a driver safety course could possibly earn you a 5% discount if your company offers it.
Federal Government Employee - Employees or retirees of the government could cut as much as 10% off with a few car insurance companies.

Drivers should understand that many deductions do not apply to all coverage premiums. The majority will only reduce individual premiums such as comp or med pay. So even though they make it sound like all the discounts add up to a free policy, companies wouldn't make money that way.

To choose insurance companies who offer car insurance discounts in Pontotoc, click this link.

Save $429 a year? Really?

Consumers can't ignore all the ads that promise big savings by Progressive, Allstate and GEICO. They all make the same claim that you'll save big after switching to their company.

How can each company make the same claim?

Insurance companies are able to cherry pick for the driver that makes them money. A good example of a driver they prefer could be between the ages of 30 and 50, has no driving citations, and drives newer vehicles. A customer who matches those parameters gets the lowest rates and is almost guaranteed to save when they switch companies.

Potential insureds who don't qualify for the requirements will be quoted more money which leads to business going elsewhere. Company advertisements say "customers that switch" but not "drivers who get quotes" save that much. That's the way companies can claim big savings. This emphasizes why you should compare many company's rates. Because you never know which car insurance company will give you the biggest savings.

Learn more about Mississippi car insurance

More detailed Mississippi car insurance information can be read at the Mississippi Insurance Department website. Consumers can read industry bulletins, report car insurance fraud, file complaints about an insurance agent or broker, and find disaster information.

And the best car insurance company is...

Budget-conscious car insurance can be purchased from both online companies and also from your neighborhood Pontotoc agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies may not provide online price quotes and these small insurance companies work with independent agents.

When trying to cut insurance costs, it's not a good idea to buy poor coverage just to save money. There are too many instances where someone sacrificed full coverage and found out when filing a claim that it was a big mistake. Your strategy should be to buy the best coverage you can find at a price you can afford while still protecting your assets.