7 Tips Guaranteed to Slash the Cost of Car Insurance Costs in Tunica, MS

Have you had enough of scraping the payment together each month for car insurance? You are in the same boat as most other car owners in Mississippi.

Online insurance companies like State Farm, Allstate, GEICO and Progressive continually hit you with ad campaigns and consumers find it hard to sift through the bull and do the work needed to find the best deal.

It's important to take a look at other company's rates once or twice a year since rates are constantly changing. If you had the lowest price six months ago you will most likely find a better rate today. There is a lot of bad advice regarding car insurance on the internet, so I'm going to show you some great ways to put money back in your pocket.

More discounts equal less premium

Insuring your vehicles can cost a lot, but you can get discounts that can drop the cost substantially. Some trigger automatically at quote time, but a few must be requested specifically in order for you to get them.

  • Homeowners Pay Less - Owning a house in Tunica can help you save on car insurance because of the fact that having a home shows financial diligence.
  • Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
  • No Accidents - Claim-free drivers pay much less as compared to drivers who are more careless.
  • Pay Upfront and Save - If you pay your entire premium ahead of time instead of monthly or quarterly installments you may reduce your total bill.
  • Life Insurance - Companies who offer life insurance give better rates if you take out life insurance.
  • Senior Citizens - If you qualify as a senior citizen, you can possibly qualify for better car insurance rates.
  • Service Members Pay Less - Being on active duty in the military can result in better rates.

As a disclaimer on discounts, most discounts do not apply to the entire cost. Most only apply to specific coverage prices like liability, collision or medical payments. So even though they make it sound like adding up those discounts means a free policy, car insurance companies aren't that generous. Any amount of discount will reduce your premiums.

Switch companies and save? Really?

Car insurance companies such as State Farm, GEICO and Progressive regularly use ads in print and on television. They all seem to make an identical promise about savings if you move to their company. How can each company claim to save you money? It's all in the numbers.

Insurance companies can use profiling for the driver that earns them a profit. For instance, a desirable insured might be between 25 and 40, has no tickets, and has a high credit rating. Any new insured who meets those qualifications is entitled to the best price and therefore will save when they switch companies.

Potential insureds who do not match the requirements will have to pay more money and ends up with the customer not buying. The ads state "customers who switch" not "everyone that quotes" save that much. That's why companies can truthfully state the savings.

Because of the profiling, you should compare many company's rates. It's just too difficult to predict the company that will have the lowest rates.

More Mississippi car insurance information

Additional information is located on the website for the Mississippi Insurance Department found here. Visitors are able to get help finding coverage, download brochures, read industry bulletins, and view a list of available companies.

compare Tunica car insurance rates

Shop smart and save

Cheap car insurance is definitely available both online and also from your neighborhood Tunica agents, so you should compare both in order to have the best chance of saving money. Some insurance companies may not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

As you restructure your insurance plan, it's not a good idea to buy lower coverage limits just to save a few bucks. In many cases, an insured dropped collision coverage and learned later that they should have had better coverage. Your aim should be to buy a smart amount of coverage at the best price.