Top 6 Ways to Get Lower Rates on Car Insurance in Thompson, IA
Are you intimidated by the number of car insurance company choices in Thompson? You're not alone. There are so many options that it can turn into a real challenge to locate the lowest price.
It's important to shop coverage around every six months since rates are constantly changing. Even if you think you had the best deal six months ago the chances are good that you can find a lower rate today. Starting right now, block out anything you think you know about car insurance because we're going to show you the proper way to find better rates and still maintain coverage.
These six discounts can lower your rates
Car insurance companies don't list all their discounts in a way that's easy to find, so here is a list both the well known as well as the least known car insurance savings.
- Sign Online - A few companies may give you up to $50 just for signing your application digitally online.
- Memberships - Being a member of a civic or occupational organization could qualify you for a break on car insurance.
- Drive Less and Save - Low mileage vehicles can qualify you for lower rates on the low mileage vehicles.
- Pay Now and Pay Less - If you pay your bill all at once instead of paying each month you could save up to 5%.
- Discount for Life Insurance - Some companies give better rates if you take out life insurance.
- Multiple Cars - Buying coverage for all your vehicles on the same car insurance policy may reduce the rate for each vehicle.
Keep in mind that most credits do not apply to all coverage premiums. Most only reduce individual premiums such as liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, it just doesn't work that way.
To see a list of companies with discount car insurance rates in Thompson, follow this link.
How to Compare Car Insurance Quotes in Thompson, Iowa
Most companies allow you to get coverage price quotes on their websites. Getting quotes is fairly simple as you just type in the coverages you want as detailed in the form. Once you submit the form, the system will obtain your driving record and credit report and gives you a price quote.
Online quotes streamlines rate comparisons, but the process of having to visit different websites and fill out multiple forms gets old quite quickly. But it's very important to compare as many rates as possible in order to find better car insurance pricing.
There is a better way!
The preferred way to lower your rates is to use a quote form that gets price quotes from many companies. The form is fast, requires less work, and makes online price comparison much easier to do. Once the form is submitted, it is rated with multiple companies and you can pick your choice of the price quotes you receive. If a lower price is quoted, you can click and sign and buy the new coverage. The entire process only takes a few minutes and may save quite a bit of money.
To find out what other companies charge, click here to open in new window and submit your coverage information. If you have a policy now, it's recommended you type in the limits and deductibles as shown on your current policy. This makes sure you're receiving an apples-to-apples comparison based on the exact same insurance coverage.
Are you falling for claims of savings?
Car insurance companies such as State Farm, GEICO and Progressive consistently run ads on television and other media. They all seem to say the same thing that you can save if you change your coverage to them. How can each company claim to save you money?
Insurance companies are able to cherry pick for the type of customer that is profitable for them. An example of a desirable insured might be between 30 and 50, has no driving citations, and has a high credit rating. Any new insured who fits that profile will get the preferred rates and as a result will probably save when they switch companies.
Consumers who are not a match for the requirements will have to pay higher rates which usually ends up with the customer not buying. The ads state "customers that switch" not "everybody who quotes" save that much money. That's the way insurance companies can state the savings. Because of the profiling, drivers must get as many comparisons as possible. It's just too difficult to predict which car insurance company will have the lowest rates.
The best insurance company isn't always the cheapest
Affordable car insurance is attainable both online as well as from independent agents in Thompson, so compare prices from both to get a complete price analysis. Some insurance companies don't offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.
Consumers leave their current company for a number of reasons such as an unsatisfactory settlement offer, questionable increases in premium, delays in responding to claim requests or unfair underwriting practices. Regardless of your reason for switching companies, choosing a new insurance company is actually quite simple.
As you restructure your insurance plan, it's not a good idea to reduce coverage to reduce premium. In many cases, someone sacrificed liability limits or collision coverage only to find out that they should have had better coverage. Your aim should be to get the best coverage possible at a price you can afford.
Learn more about Iowa car insurance
Additional detailed information is available at the Iowa Insurance Division website. Visitors are able to get help finding coverage, find out which companies have the most complaints, and find disaster information.
