Top 7 Ways to Get Lower Rates on Car Insurance in Powhatan, VA
Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Believe me when I say you are not the only one feeling buyer's remorse.
Drivers have so many to buy insurance from, and even though it's nice to have multiple companies, too many choices makes it more difficult to compare rates.
Take advantage of discounts
Auto insurance companies do not list every discount very clearly, so we researched some of the more common as well as the least known car insurance savings.
- Claim Free - Drivers with accident-free driving histories pay much less when compared to drivers who are more careless.
- Clubs and Organizations - Belonging to a qualifying organization could qualify you for a break when shopping for car insurance.
- Safety Course Discount - Successfully completing a driver safety course could possibly earn you a 5% discount if you qualify.
- Distant Student - Children who are attending college and don't have a car may qualify for this discount.
- Theft Prevention Discount - Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
- Pay Now and Pay Less - If you pay your bill all at once instead of monthly or quarterly installments you could save up to 5%.
- Multiple Policy Discount - If you have multiple policies with the same company you may save at least 10% off all policies.
It's important to note that most credits do not apply to all coverage premiums. Most only apply to individual premiums such as comp or med pay. So when it seems like all the discounts add up to a free policy, you're out of luck.
Are car insurance companies telling the truth?
Car insurance providers like Progressive, Allstate and GEICO consistently run ads on TV and radio. They all say the same thing that you can save if you change your coverage to them. How does each company make the same claim?
Insurance companies are able to cherry pick for the type of customer that earns them a profit. For instance, a driver they prefer could be a mature driver, has no driving citations, and chooses high deductibles. Any new insured who fits that profile is entitled to the best price and most likely will save when switching.
Drivers who don't qualify for these standards will be quoted a higher premium which usually ends up with business going elsewhere. The ads state "customers that switch" not "people who quote" save that much money. That's the way insurance companies can state the savings. This emphasizes why you should quote coverage with many companies. It's just too difficult to predict which car insurance company will give you the biggest savings.
Learn more about Virginia car insurance
Additional detailed information is located at the Virginia Bureau of Insurance website. Consumers can read industry bulletins, find out which companies have the most complaints, discover disciplinary actions, and read enforcement actions against agents and companies.
Affordable insurance is out there
Lower-priced car insurance is attainable from both online companies as well as from independent agents in Powhatan, and you need to price shop both to have the best selection. Some insurance companies don't offer you the ability to get quotes online and these small, regional companies work with independent agents.
When buying insurance coverage, it's very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where someone sacrificed liability coverage limits only to discover later that their decision to reduce coverage ended up costing them more. Your strategy should be to buy a smart amount of coverage at a price you can afford while still protecting your assets.
