Car Insurance in Spencerville Indiana - 7 Tips to Save Money

I can't think of anyone who looks forward to buying car insurance, particularly when they are paying too much.

You have so many to buy insurance from, and though it is a good thing to have multiple companies, lots of choices makes it harder to compare rates.

Take advantage of discounts

Auto insurance companies don't list all available discounts very clearly, so here is a list both the well known and the harder-to-find car insurance savings.

Driver Safety - Taking a defensive driving course can save you 5% or more if you qualify.
Anti-lock Brake Discount - Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
Discount for Life Insurance - Companies who offer life insurance give a discount if you purchase life insurance from them.
Student in College - Children who live away from home and do not have access to a covered vehicle may qualify for this discount.
Save with a New Car - Buying coverage on a new vehicle is cheaper compared to insuring an older model.
Drivers Education - Make teen driver coverage more affordable by requiring them to enroll in driver's education if it's offered in school.
Payment Method - If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.

As a disclaimer on discounts, most credits do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like you would end up receiving a 100% discount, car insurance companies aren't that generous.

How to know if you need help

When it comes to buying proper insurance coverage for your vehicles, there isn't really a "best" method to buy coverage. Every insured's situation is different and a cookie cutter policy won't apply. These are some specific questions might point out whether your personal situation might need professional guidance.

Do I really need UM/UIM coverage?
Can I get a multi-policy discount for packaging my home and auto coverage?
When does my teenage driver need to be added to my policy?
Do I pay less if my vehicle is kept in my garage?
Who is covered when they drive my vehicle?
Is my cargo covered for damage or theft?
Do I have any recourse if my insurance company denies a claim?

If you don't know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. If you want to speak to an agent in your area, fill out this quick form or go to this page to view a list of companies.

Are car insurance companies telling the truth?

21st Century, Allstate and State Farm continually stream ads on TV and radio. All the companies say the same thing about savings after switching your policy. How does each company claim to save you money? This is how they do it.

Different companies have a certain "appetite" for the right customer that earns them a profit. An example of a profitable customer might be between 30 and 50, owns a home, and drives less than 10,000 miles a year. Any new insured who fits that profile will qualify for the lowest rates and most likely will save when switching.

Drivers who don't qualify for these standards must pay a higher premium which usually ends up with the customer not buying. The ad wording is "drivers who switch" not "people who quote" save that kind of money. That is how companies can truthfully advertise the way they do. This illustrates why you should quote coverage with many companies. It's just too difficult to predict which company will provide you with the cheapest rates.

Even more information is available at the Indiana Department of Insurance website. Visitors are able to discover disciplinary actions, find out industry alerts, view agent and company licensing information, and read enforcement actions against agents and companies.

Affordable insurance is out there

Cheap car insurance can be purchased both online in addition to many Spencerville insurance agents, so compare prices from both to have the best selection. Some car insurance companies do not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

As you go through the steps to switch your coverage, it's very important that you do not buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured cut comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. The proper strategy is to get the best coverage possible for the lowest price while not skimping on critical coverages.