Free Guide to Saving Money on Waterloo Auto Insurance Online

Sick and tired of scraping the payment together each month for car insurance? You are in the same boat as many other Indiana drivers.

Online insurance companies like GEICO and Progressive all claim big savings with advertising and it can be hard to sift through the bull and find the best price available.

It's important to compare prices once or twice a year since insurance rates are constantly changing. Even if you think you had the best price last year you may be paying too much now. Ignore everything you know about auto insurance because you're about to find out how to quote online to reduce your cost while improving coverage.

How to Compare Auto Insurance Costs in Waterloo

There are several ways of comparing rate quotes and find the best price. The recommended way to find competitive insurance rates consists of shopping online. This can be accomplished in several different ways.

The first (and easiest) way to compare a lot of rates at once is to use a rate comparison form click to view form in new window. This form prevents you from having to do separate quotation requests for each company. Taking the time to complete one form will get you price quotes from auto insurance companies with the best prices.

A less efficient way to get quotes online requires a visit to each individual company website to request a price quote. For instance, let's say you want rates from , and . You would have to go to every website to input your insurance information, which is why the first method is more popular.

To view a list of companies in Waterloo, click here.

The hardest way of getting rate comparisons is to waste gas driving to and from local Waterloo insurance agencies. Shopping for auto insurance online makes this process obsolete unless you require the trained guidance of a licensed agent. Drivers can compare the best prices online and still use a local agent and we'll touch on that later.

It's up to you how you get prices quotes, just double check that you are using exactly the same coverage limits for each price quote. If you are comparing differing limits it's impossible to truly determine the lowest rate in Waterloo. Having just a slight variation in coverages can result in a big premium difference. It's important to know that comparing a large number of companies will improve the odds of getting better pricing.

How to Lower your Auto Insurance Rates

It's important that you understand the rating factors that play a part in calculating auto insurance rates. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that may reward you with better auto insurance rates.

Shown below are a few of the "ingredients" used by your company to calculate rates.

  • Discounts for married couples - Having a spouse helps lower the price on your auto insurance policy. It translates into being more responsible and it's proven that drivers who are married are more cautious.
  • Theft deterrents lower rates - Driving a car with an alarm system can help bring down rates. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all hinder your vehicle from being stolen.
  • Better crash test results mean better rates - Safer cars tend to have better insurance rates. These vehicles protect occupants better and better occupant protection translates into fewer and smaller insurance claims and more competitive rates for policyholders.
  • Your stress level may be raising your rates - Jobs such as lawyers, executives and dentists have the highest average rates because of high stress levels and long work hours. Other professions such as farmers, historians and retirees get better rates.
  • Liability coverage protects you - Your policy's liability coverage will protect you if ever a jury decides you are liable for personal injury or accident damage. It will provide for a legal defense up to the limits shown on your policy. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
  • You might want pay the small claims yourself - Car insurance companies in Indiana give cheaper rates to insureds who do not file claims often. If you tend to file frequent claims, you can expect either policy cancellation or increased premiums. Car insurance is intended to be relied upon for major claims that would cause financial hardship.
  • Traffic citations inflate rates - Your driving citation history has a huge affect on how much you pay. Just one moving violation can bump up the cost forty percent or more. Drivers who don't get tickets have lower premiums than their less careful counterparts. Drivers who have dangerous citations like DUI or reckless driving may need to file a SR-22 with the DMV in their state in order to prevent a license revocation.

Save big with these discounts

Car insurance companies do not advertise all their discounts in a way that's easy to find, so we took the time to find some of the best known as well as the least known ways to save on auto insurance.

  • Homeowners Pay Less - Owning a house in Waterloo may earn you a small savings because maintaining a house is proof that your finances are in order.
  • Drivers Ed for Students - Require your teen driver to complete a driver education course if offered at their school.
  • Lower Rates for Military - Having a family member in the military could be rewarded with lower premiums.
  • Claim Free - Claim-free drivers can save substantially as compared to frequent claim filers.
  • Pay Now and Pay Less - If paying your policy premium upfront rather than paying monthly you could save up to 5%.
  • Club Memberships - Affiliation with a civic or occupational organization could trigger savings on auto insurance.

As a disclaimer on discounts, most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as liability, collision or medical payments. So when it seems like you would end up receiving a 100% discount, auto insurance companies aren't that generous.

For a list of companies with discount auto insurance rates in Waterloo, click this link.

Even more information can be found at the Indiana Department of Insurance website. Indiana drivers can get help finding coverage, view a list of available companies, find disaster information, and read industry bulletins.

compare Waterloo auto insurance rates

Do the work, save more money

Cheap auto insurance is attainable on the web as well as from independent agents in Waterloo, and you should compare price quotes from both to have the best chance of lowering rates. A few companies don't offer online quoting and most of the time these regional insurance providers sell through independent agents.

In this article, we covered some good ideas how to lower your auto insurance rates. It's most important to understand that the more rate comparisons you have, the higher your chance of finding lower rates. You may even find the lowest rates come from some of the lesser-known companies. Smaller companies may have significantly lower rates on certain market segments than their larger competitors like .