10 Tricks to Save on Car Insurance in Vermont Illinois

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us, you're not alone. With consumers having so many options when it comes to car insurance, it can be diffult for consumers to locate the cheapest company.

Are you getting all your discounts?

Car insurance companies don't necessarily list every discount very well, so the following is a list of some of the more common and also the lesser-known ways to save on car insurance. If you don't get every credit possible, you are throwing money away.

  • Payment Method - If paying your policy premium upfront instead of monthly or quarterly installments you may reduce your total bill.
  • Multiple Vehicles - Buying coverage for multiple vehicles on one policy can get a discount on all vehicles.
  • Distant Student - Any of your kids living away from home attending college and do not have access to a covered vehicle can be insured at a reduced rate.
  • Braking Control Discount - Cars that have steering control and anti-lock brakes can reduce accidents and therefore earn up to a 10% discount.
  • Multiple Policy Discount - If you have multiple policies with one insurance company you may save up to 20% off your total premium.
  • No Accidents - Drivers with accident-free driving histories pay less when compared to drivers who are more careless.
  • Service Members Pay Less - Having a family member in the military may qualify for rate reductions.
  • Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems are stolen less frequently and earn discounts up to 10%.
  • New Car Discount - Insuring a new car is cheaper since new cars are generally safer.
  • Seat Belts Save more than Lives - Using a seat belt and requiring all passengers to use a seat belt could cut 10% or more off your PIP or medical payments premium.

It's important to note that most discount credits are not given to all coverage premiums. The majority will only reduce specific coverage prices like liability and collision coverage. So when the math indicates it's possible to get free car insurance, you're out of luck.

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How can State Farm, Allstate and GEICO save drivers who switch?

Consumers get pounded daily by advertisements that promise big savings by State Farm, Allstate and GEICO. They all make the same claim that you can save after switching to their company.

But how can every company make the same claim? It's all in the numbers.

All companies are able to cherry pick for the driver that earns them a profit. A good example of a driver they prefer could be between the ages of 30 and 50, has no driving citations, and drives less than 7,500 miles a year. Any new insured who matches those parameters gets the lowest rates and as a result will probably save a lot of money.

Potential insureds who are not a match for this ideal profile will be quoted more money which leads to business going elsewhere. Company advertisements say "customers who switch" not "everybody who quotes" save that much. That's the way insurance companies can advertise the way they do. This emphasizes why you should compare as many rates as you can. It's just too difficult to predict which car insurance company will provide you with the cheapest rates.

Additional detailed information can be read at the Illinois Department of Insurance website. Consumers can view a list of available companies, report car insurance fraud, read enforcement actions against agents and companies, and find out industry alerts.

Also read more on this site for car insurance rates in Illinois and this list of insurance agents in Vermont, IL.

In the end, you save

Lower-priced car insurance can be bought from both online companies and also from your neighborhood Vermont agents, and you should compare price quotes from both in order to have the best chance of saving money. Some car insurance companies may not provide you the ability to get quotes online and these small insurance companies work with independent agents.

When shopping online for car insurance, do not buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy the best coverage you can find at the best price while still protecting your assets.