How to Know You're Spending Too Much for Auto Insurance in Walton

Having to pay for overpriced auto insurance can overdraw your bank account and force you to make sacrifices. Comparison shopping is free and is an excellent way to help make ends meet.

Big companies like GEICO and Progressive promote their brand names with fancy advertisements and it can be hard to sift through the bull and find the best price available.

It's important to price shop coverage yearly because insurance rates are constantly changing. Even if you think you had the best price last year there is a good chance you can find better rates now. Ignore everything you know about auto insurance because you're about to find out how to quote online to get good coverage at a lower rate.

If you currently have car insurance, you should be able to lower your premiums substantially using this strategy. Finding the best rates in Walton is not that difficult. Although Kentucky drivers do need to know the way companies market insurance on the web and apply this information to your search.

Learn How to Buy Auto Insurance Cheaper

Consumers need to have an understanding of the rating factors that play a part in calculating the price you pay for auto insurance. Having a good understanding of what impacts premium levels helps enable you to make changes that may reward you with better auto insurance rates.

Shown below are a few of the "ingredients" that factor into rates.

Teen drivers pay high rates - More mature drivers are viewed as being more responsible, tend to cause fewer accidents and get fewer tickets. Teen drivers have a tendency to be more careless when driving and because of this, their auto insurance rates are much higher.
Pleasure use saves money - The higher the mileage driven in a year's time the more you will pay for auto insurance. The majority of insurers apply a rate based upon how you use the vehicle. Autos that are left in the garage qualify for better rates than vehicles that are driven to work every day. Verify your auto insurance declarations sheet is rated on the correct usage for each vehicle.
Choose a safe vehicle and save - Safer cars tend to have better insurance rates. These vehicles have better occupant injury protection and lower injury rates translates into savings for insurance companies and more competitive rates for policyholders.
Your stress level may be raising your rates - Jobs such as lawyers, executives and dentists are shown to have the highest average rates because of high stress levels and long work hours. Other occupations such as pilots, historians and retirees pay the least.
Small claims can cost you - Car insurance companies in Kentucky give cheaper rates to insureds who do not rely on their insurance for small claims. If you are a frequent claim filer, you can expect either policy cancellation or increased premiums. Car insurance is designed for the bigger claims that can't be paid out-of-pocket.

Compare Auto Insurance Today

All major auto insurance companies provide coverage price quotes directly from their websites. Getting online rates doesn't take a lot of time as you just type in your required coverages as detailed in the form. After the form is submitted, the company's rating system will obtain reports for credit and driving violations and returns pricing information. Online quotes makes it a lot easier to compare rates but the time it takes to visit many different websites and complete many quote forms is repetitive and time-consuming. But it's very important to compare as many rates as possible if you want to find better auto insurance pricing.

The preferred way to compare auto insurance pricing uses one simple form that gets price quotes from a bunch of companies at once. The form is fast, helps eliminate reptitive entry, and makes quoting online much more efficient. Immediately after submitting the form, it gets priced with multiple companies and you can pick your choice of the resulting price quotes.

If a lower price is quoted, you simply finish the application and buy the policy. The whole process takes 15 minutes at the most and you will find out if you're overpaying now.

To save time and find out what other companies charge, click here to open in new window and submit the form. If you currently have coverage, we recommend that you enter the coverage information as close as possible to your current policy. This makes sure you will receive a fair comparison for the exact same coverage.

These discounts can lower your rates

The cost of insuring your cars can be expensive, buy you may qualify for discounts to help bring down the price. Certain discounts will be applied when you get a quote, but a few need to be asked for before you will receive the discount.

College Student - Any of your kids who attend school more than 100 miles from home and don't have a car can be insured at a reduced rate.
Auto/Life Discount - Companies who offer life insurance give better rates if you take out life insurance from them.
Military Discounts - Having a family member in the military could be rewarded with lower premiums.
No Claims - Drivers who don't have accidents can save substantially as compared to accident-prone drivers.
Drive Less and Save - Low mileage vehicles can earn better rates on cars that stay parked.
Drivers Ed for Students - Cut your cost by having your teen driver complete a driver education course if offered at their school.
Pay Now and Pay Less - If paying your policy premium upfront instead of making monthly payments you could save 5% or more.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. Some only apply to individual premiums such as liability, collision or medical payments. Even though it may seem like you could get a free auto insurance policy, you won't be that lucky. Any amount of discount will reduce the cost of coverage.

To choose companies with discount auto insurance rates in Walton, click this link.

Are you falling for claims of savings?

Auto insurance companies such as Progressive, GEICO, Allstate and State Farm consistently run ads on television and other media. They all seem to make the same claim about savings if you change your policy. How can each company make almost identical claims?

Different companies have a preferred profile for the right customer that makes them money. For example, a desirable insured could possibly be between the ages of 30 and 50, has no prior claims, and drives newer vehicles. A driver who matches those parameters will qualify for the lowest rates and as a result will probably save when they switch companies.

Drivers who are not a match for the requirements will have to pay higher premiums which leads to the driver buying from a lower-cost company. The ad wording is "customers that switch" not "everybody who quotes" save that kind of money. This is how companies can truthfully claim big savings.

Because of the profiling, you need to get as many comparisons as possible. It is impossible to predict which insurance companies will give you the biggest savings.

Different people need different coverages

When buying the right insurance coverage for your personal vehicles, there really is not a one size fits all plan. Everyone's needs are different so this has to be addressed. For instance, these questions can help discover whether you might need an agent's assistance.

Do I pay less if my vehicle is kept in my garage?
What happens if I owe more than my vehicle is worth?
Am I covered when delivering products for my home-based business?
Are there companies who specialize in insuring high-risk drivers?
Is my dog or cat covered if injured in an accident?
Is my cargo covered for damage or theft?
What companies insure drivers after a DUI or DWI?

If it's difficult to answer those questions, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area.

Additional information can be found on the website for the Kentucky Department of Insurance located here. Kentucky consumers can read enforcement actions against agents and companies, file complaints about an insurance agent or broker, find disaster information, and read industry bulletins.

Shop smart and save

When trying to cut insurance costs, it's a bad idea to reduce coverage to reduce premium. There are many occasions where consumers will sacrifice physical damage coverage only to regret at claim time that it was a big mistake. Your aim should be to get the best coverage possible at a price you can afford.

The cheapest auto insurance is attainable online in addition to many Walton insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. A few companies do not provide online price quotes and most of the time these regional insurance providers sell through independent agents.