Consumer Tested Strategies to Save on Somerdale Car Insurance

No one in their right mind looks forward to paying for car insurance, particularly when the cost is way too high. Insurance companies such as State Farm, Allstate, GEICO and Progressive continually bombard you with advertising and it is challenging if not impossible to sift through the bull and do the work needed to find the best deal.

Why some people pay less for insurance in Somerdale

Consumers need to have an understanding of some of the elements that come into play when calculating the rates you pay for car insurance. Having a good understanding of what influences your rates allows you to make educated decisions that could result in much lower annual insurance costs.

The list below includes a few of the "ingredients" companies use to determine premiums.

Add-on coverages can add up - There are a lot of additional coverages that you can get tricked into buying when buying car insurance. Insurance for roadside assistance, accidental death and motor club memberships are examples of these. These coverages may sound good initially, but if you don't need them eliminate the coverages to reduce your premium.
Multiple policies with one company can save - The majority of companies will award you with lower prices to insureds who carry more than one policy such as combining an auto and homeowners policy. This can amount to anywhere from five to ten percent in most cases. Even with this discount, it's still a good idea to comparison shop to make sure you are getting the best deal.
Rates may be higher depending on your occupation - Occupations such as lawyers, architects and dentists tend to pay the highest average rates due to high stress and long work days. Other professions such as scientists, historians and the unemployed have the lowest average rates.
Special features that cut premiums - Owning a car with a theft deterrent system can help bring down rates. Anti-theft devices such as GM's OnStar, tamper alarm systems and vehicle immobilizers can help prevent your car from being stolen.

Take advantage of discounts

Insurance can be prohibitively expensive, but you may find discounts that can drop the cost substantially. Larger premium reductions will be automatically applied when you quote, but a few need to be asked for prior to getting the savings. If you aren't receiving every discount you qualify for, you are paying more than you should be.

Defensive Driving Course - Successfully completing a defensive driving course can save you 5% or more if your company offers it.
Auto/Home Discount - If you insure your home and vehicles with the same company you may earn at least 10% off all policies.
Accident Free - Good drivers with no accidents can save substantially when compared with accident-prone drivers.
Pay Upfront and Save - If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
Student in College - Children who attend school more than 100 miles from home without a vehicle on campus may qualify for this discount.

It's important to note that most of the big mark downs will not be given to your bottom line cost. Most cut specific coverage prices like liability and collision coverage. Even though it may seem like all the discounts add up to a free policy, you're out of luck. But any discount will reduce your overall premium however.

To choose insurers with the best car insurance discounts in Somerdale, follow this link.

Are car insurance companies telling the truth?

Consumers in New Jersey can't ignore all the ads for cheaper car insurance by companies like 21st Century, Allstate and State Farm. All the companies say the same thing that you can save if you move to them.

How can each company claim to save you money? It's all in the numbers.

Insurance companies have a certain "appetite" for the type of driver that makes them money. For example, a profitable customer might be a mature driver, owns a home, and drives newer vehicles. Any driver who fits that profile gets the lowest rates and most likely will save when they switch companies.

Potential customers who don't qualify for the requirements must pay a higher premium which usually ends up with the customer not buying. The ads say "customers who switch" not "people who quote" save money. That is how insurance companies can claim big savings.

This illustrates why you should get as many quotes as possible. You cannot predict which company will give you the biggest savings.

How to know if you need help

When buying the right insurance coverage for your vehicles, there really is not a perfect coverage plan. Your needs are not the same as everyone else's so your insurance needs to address that. These are some specific questions might point out whether your personal situation would benefit from professional advice.

Do I really need UM/UIM coverage?
Am I covered when driving in Canada or Mexico?
What companies insure drivers after a DUI or DWI?
What can I do if my company won't pay a claim?
What are New Jersey no-fault laws?
Can I get a multi-policy discount for packaging my home and auto coverage?
What are the financial responsibility laws in New Jersey?

If you don't know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you don't have a local agent, complete this form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.

For more New Jersey car insurance information

More information can be found on the website for the New Jersey Department of Banking and Insurance found here. Visitors are able to discover disciplinary actions, read consumer alerts, read industry bulletins, and view a list of available companies.

And the best car insurance company is...

Lower-priced car insurance is definitely available both online and with local Somerdale insurance agents, and you need to price shop both to have the best rate selection. A few companies do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

When trying to cut insurance costs, it's not a good idea to buy poor coverage just to save money. There are a lot of situations where an insured cut physical damage coverage only to regret at claim time that it was a big mistake. The proper strategy is to purchase plenty of coverage at the best price while not skimping on critical coverages.