Easy Tips to Save Money on Waco Auto Insurance

If online auto insurance comparisons are new to you, you may be confused by the hoards of auto insurance companies offering insurance in Waco.

Choosing the best insurance company for you in Waco is easy if you know what you're doing. If you currently have car insurance, you will be able to reduce your rates substantially using these techniques. Kentucky vehicle owners just need to know the most efficient way to shop their coverage around online.

Vehicle Insurance Comparison

Most major insurance companies like Allstate, GEICO and Progressive give coverage price quotes directly from their websites. This process doesn't take a lot of time as you just enter your personal and coverage information into the quote form. Behind the scenes, the company's rating system will obtain reports for credit and driving violations and returns a price determined by many factors.

This makes it a lot easier to compare rates but having to visit each company's website and repetitively fill out multiple forms is repetitive and time-consuming. Unfortunately, it is important to do this in order to get a lower rate.

A less time-consuming method to compare rates uses one form to get prices from a bunch of companies at once. It's a real time-saver, helps eliminate reptitive entry, and makes quoting online a little more enjoyable. Once the form is submitted, your coverage is rated and you are able to buy any one of the returned quotes. If the quotes result in lower rates, it's easy to complete the application and purchase coverage. This process can be completed in less than 10 minutes and may result in a nice savings.

To find out how much you're overpaying now, click here and input your coverage information. If you have your current policy handy, we recommend that you enter your coverages identical to your current policy. This way, you will receive comparison quotes based on similar coverages.

Learn How to Buy Auto Insurance Cheaper

It's important that you understand the factors that come into play when calculating the price you pay for auto insurance. Knowing what controls the rates you pay helps enable you to make changes that could result in better auto insurance rates.

The list below includes some of the items that factor into premiums.

  • What are your deductibles? - The deductibles represent how much money you are required to spend out-of-pocket if you file a covered claim. Insurance for physical damage to your car, also known as collision and other-than-collision, insures against damage to your car. Some examples of claims that would be covered could be colliding with a building, vandalism, and burglary. The more expense the insured has to pay upfront, the lower your rates will be.
  • Better credit scores mean better rates - A driver's credit rating is a large factor in determining your rates. Consumers who have good credit tend to be less risk to insure than those with lower credit ratings. Therefore, if your credit history can use some improvement, you could be paying less to insure your by spending a little time repairing your credit.
  • Theft deterrents lower rates - Owning a car that has an advanced theft prevention system can get you a discount on your auto insurance. Anti-theft devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent auto theft.
  • More miles equals more premium - The more you drive each year the more you'll pay to insure your vehicle. The majority of insurers apply a rate based on how the vehicle is used. Cars that are left in the garage get more affordable rates as compared to vehicles used primarily for driving to work. Verify your auto insurance policy shows the correct driver usage.

More discounts equal less premium

Companies that sell car insurance don't list all available discounts very clearly, so the following is a list of both well-publicized and the more hidden discounts you could be receiving. If you're not getting every credit you qualify for, you're just leaving money on the table.

  • Homeowners Savings - Owning a home in Waco can save you money because of the fact that having a home demonstrates responsibility.
  • Air Bag Discount - Vehicles equipped with air bags or motorized seat belts may earn rate discounts of more than 20%.
  • Pay Upfront and Save - By paying your policy upfront rather than paying monthly you could save 5% or more.
  • Life Insurance Discount - Select insurance companies reward you with a discount if you purchase life insurance from them.
  • Club Memberships - Participating in a qualifying organization may earn a discount when buying auto insurance.
  • Discount for New Cars - Adding a new car to your policy can save up to 30% compared to insuring an older model.
  • Fewer Miles Equal More Savings - Keeping the miles down could qualify for a substantially lower rate.
  • Anti-lock Brakes - Vehicles with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
  • No Claims - Good drivers with no accidents pay less when compared with frequent claim filers.

Consumers should know that some of the credits will not apply to the entire policy premium. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like you could get a free auto insurance policy, companies don't profit that way.

For a list of insurers with the best auto insurance discounts in Kentucky, click here.

It's not one size fits all

When it comes to choosing coverage for your vehicles, there isn't really a cookie cutter policy. Each situation is unique.

Here are some questions about coverages that may help highlight if you might need an agent's assistance.

  • When do I need to add a new car to my policy?
  • Should I drop comprehensive coverage on older vehicles?
  • Are my tools covered if they get stolen from my vehicle?
  • What happens if I owe more than my vehicle is worth?
  • Am I getting all the discounts available?
  • What can I do if my company won't pay a claim?

If you can't answer these questions but you think they might apply to your situation, you may need to chat with a licensed agent. If you don't have a local agent, take a second and complete this form. It's fast, free and can provide invaluable advice.

More detailed Kentucky auto insurance information can be read at the Kentucky Department of Insurance website. Kentucky consumers can report car insurance fraud, find out industry alerts, and view a list of available companies.

Other useful links include this page for Kentucky auto insurance and this page for help finding agents in Waco, KY.

Kentucky auto insurance

A tidy conclusion

Discount auto insurance is possible online in addition to many Waco insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. Some insurance companies do not provide online quoting and usually these small insurance companies provide coverage only through local independent agents.

You just read a lot of techniques to lower your auto insurance rates. The key concept to understand is the more rate comparisons you have, the better your comparison will be. Consumers could even find that the lowest rates come from a company that doesn't do a lot of advertising.

Drivers who switch companies do it for many reasons like lack of trust in their agent, poor customer service, unfair underwriting practices and delays in paying claims. It doesn't matter why you want to switch finding the right auto insurance provider is not as hard as you think.