10 Best Tips to Slash Car Insurance Costs in Vlg Of Lakewood
Overpriced car insurance can empty your checking account and put the squeeze on your family's finances. Shopping your coverage around is a smart way to help make ends meet.
Because there are so many options when it comes to car insurance, it's nearly impossible to find the most cost effective company.
Are you getting all your discounts?
Insuring your fleet can be pricey, but discounts can save money and there are some available that you may not know about. Larger premium reductions will be automatically applied when you quote, but some may not be applied and must be manually applied prior to getting the savings.
- Pay Now and Pay Less - If you pay your bill all at once instead of making monthly payments you could save up to 5%.
- Paperwork-free - A few companies may give you up to $50 just for signing your application online.
- Multiple Cars - Buying coverage for all your vehicles with the same company may reduce the rate for each vehicle.
- Anti-lock Brake Discount - Vehicles equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
- Discount for Life Insurance - Some companies give a break if you buy life insurance.
- Organization Discounts - Being a member of a professional or civic organization could qualify you for a break when shopping for car insurance.
- Use Seat Belts - Requiring all passengers to wear their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
- Claim Free - Drivers who don't have accidents pay less when compared to accident-prone drivers.
- Low Mileage Discounts - Low mileage vehicles could qualify for lower rates on the low mileage vehicles.
- Accident Waiver - Some insurance companies will forgive one accident before hitting you with a surcharge if your claims history is clear for a set time period.
Keep in mind that most credits do not apply to all coverage premiums. Most only cut individual premiums such as liability and collision coverage. Just because you may think all the discounts add up to a free policy, it just doesn't work that way. But any discount will help reduce the cost of coverage.
To choose insurance companies with discount car insurance rates in Illinois, follow this link.
How can State Farm, Allstate and GEICO save drivers who switch?
Car insurance providers like State Farm, Allstate and GEICO consistently run ads on television and other media. They all say the same thing that you can save if you change your coverage to them. But how can every company claim to save you money?
Insurance companies have a preferred profile for the type of customer that makes them money. A good example of a driver they prefer might be a mature driver, insures multiple vehicles, and drives less than 7,500 miles a year. Any new insured who fits that profile will qualify for the lowest rates and as a result will probably save a lot of money.
Potential customers who are not a match for this ideal profile will be quoted a higher premium which usually ends up with the customer not buying. The ad wording is "customers that switch" not "everybody who quotes" save that much money. This is how insurance companies can advertise the way they do.
This emphasizes why you should get as many quotes as possible. It's just too difficult to predict which insurance companies will provide you with the cheapest rates.
For more Illinois car insurance information
More information can be read on the website for the Illinois Department of Insurance located here. Visitors are able to view a list of available companies, get help finding coverage, report car insurance fraud, and find out industry alerts.
Other informative sites include this site for car insurance rates in Illinois and this list of insurance agents in Vlg Of Lakewood, IL.
Shop smart and save
Affordable car insurance can be sourced both online as well as from independent agents in Vlg Of Lakewood, and you need to price shop both to have the best rate selection. Some car insurance companies don't offer online price quotes and these small insurance companies work with independent agents.
When shopping online for car insurance, do not buy poor coverage just to save money. There have been many situations where drivers have reduced 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 purchase a proper amount of coverage at a price you can afford while still protecting your assets.
