Comparing Low-Cost Waterloo Auto Insurance

Are you sick and tired of being strong-armed each month for car insurance? You're in the same situation as many other drivers in Iowa.

With consumers having so many auto insurance companies to choose from, it can be impossible to locate the lowest price car insurance company.

It's important to do rate comparisons before your policy renews since insurance rates are constantly changing. Even if you think you had the lowest price on your last policy you will most likely find a better rate today. Forget all the misinformation about auto insurance because you're about to learn how to quote online to buy cheaper auto insurance.

Be sure to get all your discounts

Companies don't list all their discounts very well, so we researched some of the best known and the harder-to-find auto insurance savings.

  • Senior Discount - If you qualify as a senior citizen, you may receive reduced rates.
  • Accident Free - Claim-free drivers pay much less as compared to drivers who are more careless.
  • Safety Course Discount - Taking part in a course teaching defensive driving skills could save 5% or more if you qualify.
  • Passive Restraints and Air Bags - Factory air bags can receive discounts of 20% or more.
  • Employee of Federal Government - Active or retired federal employment may qualify you for a discount with select insurance companies.
  • Bundle and Save - If you have multiple policies with one company you will save approximately 10% to 15%.

A little note about advertised discounts, most of the big mark downs will not be given to the entire cost. A few only apply to the price of certain insurance coverages like liability, collision or medical payments. Just because you may think all those discounts means the company will pay you, you won't be that lucky.

Waterloo auto insurance comparison

Is there truth in advertising?

Auto insurance companies such as Progressive, GEICO, Allstate and State Farm consistently run television and radio advertisements. They all seem to say the same thing about savings if you change to them. But how can every company say the same thing? This is how they do it.

All the different companies can use profiling for the type of driver that earns them a profit. For instance, a desirable insured might be profiled as between 25 and 40, is a homeowner, and has great credit. A propective insured who fits that profile receives the best rates and is almost guaranteed to save a lot of money.

Potential customers who don't measure up to this ideal profile will have to pay higher prices which usually ends up with business not being written. Company advertisements say "drivers who switch" but not "drivers who get quotes" save money. That's why companies can truthfully advertise the savings. Because of the profiling, you should get a wide range of price quotes. It's not possible to predict the company that will fit your personal profile best.

Learn more today

Even more information is located at the Iowa Insurance Division website. Iowa drivers can learn about insurance regulations, read industry bulletins, discover disciplinary actions, and find out industry alerts.

Also read more on this Car Insurance FAQ and this page of insurance agents in Waterloo.

Shop smart and save

When you buy insurance online, don't be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where an accident victim reduced liability coverage limits only to discover later that the few dollars in savings costed them thousands. Your aim should be to buy enough coverage for the lowest price.

Cheaper auto insurance is attainable on the web and with local Waterloo insurance agents, so you should compare both so you have a total pricing picture. There are still a few companies who do not offer you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.