Top 8 Ways to Get Lower Rates on Car Insurance in Spencer, IA

Did you fall for a flashy sales pitch and buy high-priced car insurance? Trust us, there are lots of people in the same boat. You have so many to pick from, and even though it's nice to have a selection, lots of choices makes it harder to compare rates.

It's important to price shop coverage at least once a year since rates are constantly changing. Even if you think you had the best rates a few years ago the chances are good that you can find a lower rate today. Don't believe everything you read about car insurance on the web, but I'm going to show you some great ways to save money.

Policy discounts you shouldn't miss

Companies offering auto insurance do not list all their discounts very clearly, so the following is a list of both the well known as well as the least known car insurance savings. If you're not getting every credit possible, you're paying more than you need to.

Discount for Life Insurance - Companies who offer life insurance give a discount if you purchase auto and life insurance together.
Drive Less and Save - Low mileage vehicles could qualify for lower rates on the low mileage vehicles.
Safety Course Discount - Taking part in a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
Save with a New Car - Buying coverage on a new vehicle can be considerably cheaper due to better safety requirements for new cars.
Sign Online - A handful of insurance companies may give you up to $50 for buying your policy over the internet.
College Student - Children living away from home attending college and don't have a car can receive lower rates.
Use Seat Belts - Requiring all passengers to wear their seat belts could save 15% off the personal injury premium cost.
Pay Now and Pay Less - If you pay your bill all at once instead of paying each month you could save 5% or more.

A little note about advertised discounts, most of the big mark downs will not be given the the whole policy. The majority will only reduce individual premiums such as collision or personal injury protection. So when it seems like having all the discounts means you get insurance for free, you won't be that lucky.

To see a list of companies with discount car insurance rates in Iowa, follow this link.

Quick Spencer Car Insurance Quotes

Finding cheaper car insurance prices can be surprisingly simple. Consumers just need to spend a few minutes comparing rate quotes provided by online insurance companies. This can be done using a couple different methods.

The best way consumers can make multiple comparisons is a comparison rater form click here to open form in new window. This method saves time by eliminating repetitive form entry to each individual car insurance company. Completing one form will get you price quotes direct from many companies.
A more time consuming way to shop for car insurance online requires a visit to the website for each individual company to complete a price quote. For instance, we'll pretend you want to compare rates from , and . To find out each rate you need to go to every website to input your insurance information, which is why the first method is more popular.

For a list of links to companies insuring cars in Spencer, click here.

Whichever way you use, compare identical coverage limits with each company. If you are comparing differing limits it will be impossible to make an equal comparison in Spencer.

Save $429 a year? Really?

Consumers in Iowa can't get away from ads that promise big savings from companies such as GEICO, State Farm and Progressive. They all seem to say the same thing about savings if you change your policy.

How does each company claim to save you money?

All the different companies are able to cherry pick for the right customer that is profitable for them. A good example of a desirable insured might be a mature driver, has no tickets, and has a short commute. Any new insured who fits that profile gets the lowest rates and is almost guaranteed to save when switching.

Potential insureds who don't qualify for these standards will have to pay more money which usually ends up with the customer not buying. Company advertisements say "customers that switch" but not "drivers who get quotes" save that kind of money. That's the way companies can truthfully make the claims of big savings. Because of the profiling, drivers must get a wide range of price quotes. It's just too difficult to predict which car insurance company will fit your personal profile best.

And the best car insurance company is...

As you shop your coverage around, make sure you don't reduce coverage to reduce premium. In many instances, an insured dropped full coverage and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to buy the best coverage you can find at a price you can afford.

Cheaper car insurance is attainable both online in addition to many Spencer insurance agents, and you need to price shop both to have the best chance of lowering rates. Some insurance providers do not provide the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

Find out more about car insurance

Even more information can be read at the Iowa Insurance Division website. Visitors are able to file complaints about an insurance agent or broker, find disaster information, discover disciplinary actions, and view agent and company licensing information.

Additional helpful sites include Auto Insurance 101 and this page where you can research Spencer insurance agents.