Car Insurance in Ste Genevieve, MO - 5 Tips to Save Money
Finding lower rates for Ste Genevieve car insurance is a challenge for consumers new to buying insurance online. Consumers have so many options that it can quickly become more work than you anticipated to compare prices in Ste Genevieve.
If you currently have a car insurance policy, you will be able to lower your premiums substantially using this information. Finding the lowest cost protection in Ste Genevieve is not that difficult. But Missouri car owners do need to know how the larger insurance companies price insurance differently and use this information to your advantage.
Be sure to get all your discounts
Insurance can be prohibitively expensive, but there could be available discounts to reduce the price significantly. Certain discounts will be triggered automatically when you purchase, but lesser-known reductions have to be specially asked for before being credited.
- Fewer Miles Equal More Savings - Fewer annual miles can earn a substantially lower rate.
- Payment Method - By paying your policy upfront instead of monthly or quarterly installments you may reduce your total bill.
- Life Insurance Discount - Select insurance companies reward you with lower rates if you buy life insurance.
- Driver Safety - Successfully completing a driver safety course could save 5% or more if you qualify.
- Anti-lock Brakes - Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
Drivers should understand that some of the credits will not apply to the entire cost. Most only cut individual premiums such as liability and collision coverage. So even though they make it sound like adding up those discounts means a free policy, companies wouldn't make money that way. But all discounts will cut the amount you have to pay.
Is there truth in advertising?
21st Century, Allstate and State Farm continually stream television and radio advertisements. All the companies have a common claim that you'll save big after switching to their company. How do they all make the same claim?
Insurance companies can use profiling for the driver that earns them a profit. For example, a profitable customer could be between the ages of 40 and 55, has no tickets, and chooses high deductibles. Any new insured that hits that "sweet spot" will qualify for the lowest rates and is almost guaranteed to cut their rates substantially.
Consumers who don't measure up to the "perfect" profile must pay higher prices and this can result in business going elsewhere. The ad wording is "customers that switch" but not "drivers who get quotes" save that much. That's why companies can state the savings.
This illustrates why you should get a wide range of price quotes. It's just too difficult to predict the company that will give you the biggest savings.
More Missouri car insurance information
Much more information about car insurance in Missouri can be found on the Missouri Department of Insurance website located here. Consumers can find disaster information, view a list of available companies, and file complaints about an insurance agent or broker.
Final considerations
Budget-conscious car insurance can be purchased from both online companies and also from your neighborhood Ste Genevieve agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies may not provide you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.
Drivers change insurance companies for a number of reasons such as delays in responding to claim requests, unfair underwriting practices, delays in paying claims and even questionable increases in premium. Regardless of your reason, choosing a new insurance company is less work than it seems.
When buying insurance coverage, you should never buy lower coverage limits just to save a few bucks. There are a lot of situations where an insured dropped uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. The proper strategy is to purchase a proper amount of coverage at a price you can afford while not skimping on critical coverages.
