Proven Techniques to Save on Speedway Auto Insurance

Sick and tired of not being able to afford each month for car insurance? Your situation is no different than most other car owners in Indiana.

Drivers have multiple to pick from, and even though it's nice to have multiple companies, it can be more challenging to compare rates.

Buying car insurance in Speedway is easy if you know what you're doing. If you have car insurance now, you should be able to lower your premiums substantially using these methods. But Indiana vehicle owners do need to know the methods companies use to sell online and use this information to your advantage.

Take advantage of discounts

Companies that sell car insurance don't list every discount very clearly, so we break down some of the best known as well as the least known ways to save on auto insurance.

Drivers Education - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if offered at their school.
Pay Now and Pay Less - If paying your policy premium upfront instead of monthly or quarterly installments you may reduce your total bill.
Multiple Cars - Insuring all your vehicles on one policy may reduce the rate for each vehicle.
New Vehicle Savings - Adding a new car to your policy is cheaper since new cars are generally safer.
Employee of Federal Government - Active or retired federal employment can save as much as 8% with a few auto insurance companies.
Senior Discount - If you qualify as a senior citizen, you may receive better auto insurance rates.
Homeowners Pay Less - Simply owning a home may earn you a small savings because maintaining a house is proof that your finances are in order.
One Accident Forgiven - Certain companies will forgive one accident before your rates go up if your claims history is clear prior to the accident.
Multiple Policy Discount - If you have multiple policies with the same company you will save up to 20% off your total premium.

Consumers should know that many deductions do not apply to the entire cost. Most cut individual premiums such as liability and collision coverage. So when it seems like all the discounts add up to a free policy, companies don't profit that way.

Are auto insurance companies telling the truth?

Auto insurance providers like State Farm, Allstate and GEICO consistently run ads on TV and radio. They all make the same claim that you'll save big if you change to their company. How does each company say the same thing?

All companies can use profiling for the driver that earns them a profit. For example, a driver they prefer might be profiled as over the age of 40, has no tickets, and has great credit. A propective insured who matches those parameters gets the lowest rates and most likely will save when switching.

Potential insureds who don't qualify for these standards will be quoted more money which leads to business not being written. The ads say "customers that switch" not "people who quote" save that much. That's why companies can advertise the savings. This emphasizes why you should get quotes from several different companies. It's not possible to predict the company that will give you the biggest savings.

More Indiana auto insurance information

More detailed Indiana auto insurance information can be found at the Indiana Department of Insurance website. Indiana drivers can download brochures, view a list of available companies, report car insurance fraud, and file complaints about an insurance agent or broker.

Also read more on this site for auto insurance rates in Indiana and this list of insurance agents in Speedway, IN.

The best insurance company isn't always the cheapest

Discount auto insurance can be sourced on the web and also from your neighborhood Speedway agents, and you need to comparison shop both in order to have the best chance of saving money. There are still a few companies who may not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

As you prepare to switch companies, make sure you don't buy lower coverage limits just to save a few bucks. There have been many situations where an insured dropped uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. The proper strategy is to purchase plenty of coverage at a price you can afford while still protecting your assets.