St Meinrad Auto Insurance For Less Than You're Paying Now

If you are a novice to online auto insurance shopping, it's easy to get confused by the hoards of auto insurance companies offering coverage in St Meinrad.

What determines how much you pay?

Consumers need to have an understanding of the factors that help determine the price you pay for auto insurance. Knowing what influences your rates allows you to make educated decisions that will entitle you to much lower annual insurance costs.

The following are a few of the "ingredients" companies use to determine prices.

Claim-free discounts can add up - Companies in Indiana generally give lower rates to drivers who file claims infrequently. If you tend to file frequent claims, you can expect either a policy non-renewal or much higher rates. Your insurance policy is designed for larger claims.
Traffic violations increase rates - Even one moving violation can increase rates twenty percent or more. Good drivers get better rates compared to drivers with tickets. If you have flagrant violations like DWI, reckless driving or hit and run convictions may find they need to file a SR-22 with their state DMV in order to keep their license.
Being married is a good thing - Having a spouse can get you a discount on auto insurance. Having a significant other is viewed as being more mature and statistics show married couples file fewer claims.
Women pay lower rates - Statistics show that women are safer drivers than men. However, this does not mean women are better drivers. Both sexes tend to get into accidents in similar percentages, but the men have costlier accidents. Men also statistically get more serious tickets such as DWI and reckless driving. Young males are the most expensive to insure and are penalized with high auto insurance rates.

Save big with these discounts

Properly insuring your vehicles can get expensive, but there are discounts available that you may not know about. Certain discounts will be applied when you get a quote, but less common discounts must be requested specifically before you will receive the discount.

Federal Employees - Employees or retirees of the government could cut as much as 10% off with a few auto insurance companies.
Good Student - This discount can earn a discount of 20% or more. This discount can apply well after school through age 25.
Paperwork-free - A few companies will discount your bill up to fifty bucks just for signing your application over the internet.
Save over 55 - If you're over the age of 55, you may be able to get reduced rates.
Driver Safety - Successfully completing a course in driver safety can save you 5% or more if your company offers it.

Keep in mind that some of the credits will not apply to the entire policy premium. Some only reduce specific coverage prices like comp or med pay. So even though they make it sound like adding up those discounts means a free policy, it just doesn't work that way. But any discount will bring down your overall premium however.

To choose insurance companies who offer auto insurance discounts in Indiana, click here.

Auto insurance ads bend the truth

Auto insurance providers like Progressive, Allstate and GEICO continually stream ads on TV and radio. They all have a common claim that you can save after switching to them. How does each company make almost identical claims? It's all in the numbers.

Insurance companies have a certain "appetite" for the type of driver that makes them money. For example, a driver they prefer could possibly be between the ages of 30 and 50, a clean driving record, and has a high credit rating. A driver that hits that "sweet spot" will get very good rates and most likely will save when switching.

Drivers who fall outside these standards will be quoted higher premiums and this can result in the driver buying from a lower-cost company. The ads say "customers who switch" not "people who quote" save money. That is how insurance companies can state the savings.

This emphasizes why you should get a wide range of price quotes. It is impossible to predict which company will have the lowest rates.

But I don't know anything about car insurance

When buying the right insurance coverage for your vehicles, there isn't really a one size fits all plan. Your needs are not the same as everyone else's.

These are some specific questions may help highlight if your situation might need an agent's assistance.

Am I covered if I drive in a foreign country?
Do I need to file an SR-22 for a DUI in Indiana?
Does medical payments coverage apply to all occupants?
Should I buy additional glass protection?
Should I have combined single limit or split liability limits?
Should I drop comprehensive coverage on older vehicles?

If you can't answer these questions, you may need to chat with an agent. If you don't have a local agent, complete this form.

Additional Indiana consumer information

More information can be found on the Indiana Department of Insurance website found here. Indiana consumers can download brochures, file complaints about a company, and get help finding coverage.

Affordable insurance is out there

Drivers change insurance companies for a variety of reasons including extreme rates for teen drivers, poor customer service, an unsatisfactory settlement offer or even denial of a claim. Whatever your reason, finding a new auto insurance company is easier than you think.

In this article, we presented a lot of techniques to save on auto insurance. The most important thing to understand is the more price quotes you have, the better your chances of lowering your rates. You may even discover the lowest rates come from a small mutual company.

Affordable auto insurance can be sourced online and with local St Meinrad insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not offer online price quotes and these regional insurance providers work with independent agents.