How to Know You're Throwing Money Away for Car Insurance in Stuart

Are you tired of robbing Peter to pay Paul each month for car insurance? You're in the same situation as most other car owners in Florida.

With consumers having so many choices of insurance companies, it's difficult to locate the most cost effective provider.

It's important to take a look at other company's rates before your policy renews due to the fact that insurance rates are constantly changing. Just because you found the best deal a year ago you will most likely find a better rate today. Starting right now, forget all the misinformation about car insurance because I'm going to teach you the only way to reduce your cost while increasing coverage.

Finding the best rates in Stuart is not that difficult. Just about every vehicle owner who carries car insurance will be able to save money. Although Florida consumers do need to know how insurance companies sell online and take advantage of how the system works.

These discounts can lower your rates

Companies that sell car insurance don't list all their discounts very well, so here is a list both the well known and also the lesser-known discounts you could be receiving.

  • Save with a New Car - Buying coverage on a new vehicle is cheaper since new cars are generally safer.
  • No Accidents - Claim-free drivers can earn big discounts as compared to drivers who are more careless.
  • Homeowners Pay Less - Owning a house in Stuart can save you money because maintaining a house requires personal responsibility.
  • Good Students Pay Less - Performing well in school can get you a discount of up to 25%. The discount lasts up until you turn 25.
  • College Student - Youth drivers who live away from home and don't have a car can be insured at a reduced rate.
  • Senior Citizens - If you qualify as a senior citizen, you may receive better car insurance rates.
  • Driver's Ed - Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.

A little note about advertised discounts, some credits don't apply to the entire cost. A few only apply to specific coverage prices like collision or personal injury protection. So even though it sounds like you can get free auto insurance, you won't be that lucky.

Florida car insurance quotes

Are you falling for claims of savings?

Car insurance companies such as GEICO, State Farm and Progressive consistently run ads on television and other media. They all seem to have a common claim about savings if you change to their company. But how can every company claim to save you money? It's all in the numbers.

All companies can use profiling for the driver that earns them a profit. An example of a desirable insured might be over the age of 50, is a homeowner, and has excellent credit. Any driver that hits that "sweet spot" receives the best rates and as a result will probably save a lot of money.

Consumers who are not a match for this ideal profile will have to pay higher prices and this can result in the customer not buying. Company advertisements say "customers who switch" not "everybody who quotes" save that much. That's why companies can truthfully make those claims. Because of the profiling, you should get quotes from several different companies. You cannot predict the company that will have the lowest rates.

Even more information is available at the Florida Office of Insurance Regulation website. Visitors are able to file complaints about an insurance agent or broker, read industry bulletins, report car insurance fraud, and file complaints about a company.

Also read more on Auto Insurance 101 and this page where you can research Stuart insurance agents.

Shop smart and save

While you're price shopping online, don't be tempted to buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced comprehensive coverage or liability limits to discover at claim time they didn't purchase enough coverage. The ultimate goal is to buy enough coverage at the best price.

The cheapest car insurance can be sourced both online and also from your neighborhood Stuart agents, and you should be comparing both in order to have the best price selection to choose from. Some companies may not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.