Tightwads Tips for Saving on Waynoka Car Insurance

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us when we tell you there are a lot of people in Waynoka just like you who feel imprisoned by their car insurance policy.

There is such a variety of to buy insurance from, and although it's a good thing to have multiple companies, so many choices can make it hard to compare rates.

It's important to get comparison quotes every six months due to the fact that insurance rates are constantly changing. If you had the best price a year ago a different company probably has better rates today. Block out anything you think you know about car insurance because we're going to demonstrate the fastest and easiest way to buy cheaper car insurance.

Choosing the best insurance company for you in Waynoka is easy if you know what you're doing. If you currently have car insurance, you will be able to lower your premiums substantially using these techniques. But Oklahoma consumers do need to know how companies market on the web and apply this information to your search.

Don't pay full price with these discounts

Companies that sell car insurance don't list all their discounts very clearly, so we took the time to find both the well known and the harder-to-find discounts you could be receiving.

  • Sign Online - Some insurance companies may give you up to $50 for buying a policy and signing up over the internet.
  • Clubs and Organizations - Being a member of a qualifying organization may earn a discount on car insurance.
  • Federal Government Employee - Active or retired federal employment can earn a discount up to 10% with select insurance companies.
  • College Student - Youth drivers who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.
  • Senior Citizens - If you qualify as a senior citizen, you can possibly qualify for a discount up to 10%.
  • No Claims - Drivers with accident-free driving histories can save substantially as compared to drivers who are more careless.
  • Military Discounts - Being deployed with a military unit can result in better rates.
  • Sign Early and Save - Select companies give a discount for buying a policy prior to your current policy expiring. It can save you around 10%.
  • More Vehicles More Savings - Having multiple cars or trucks on one policy qualifies for this discount.

Consumers should know that some credits don't apply to all coverage premiums. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates you could get a free car insurance policy, companies don't profit that way.

Understand what determines the rate you pay

Smart consumers have a good feel for the factors that come into play when calculating the rates you pay for car insurance. Knowing what controls the rates you pay helps enable you to make changes that may reward you with better car insurance rates.

The list below includes a few of the "ingredients" that factor into rates.

  • Having a spouse can save you money - Having a spouse actually saves money on car insurance. It usually means you are more mature than a single person it has been statistically shown that being married results in fewer claims.
  • Liability coverage is peace of mind - The liability section of your policy provides coverage if ever you are found liable for damages caused by your negligence. Liability insurance provides for a legal defense up to the limits shown on your policy. This coverage is very inexpensive compared to insuring for physical damage coverage, so do not skimp.
  • Rates may be higher depending on your occupation - Jobs such as lawyers, social workers and financial analysts are shown to have higher average rates in part from stressful work requirements and long work hours. Conversely, jobs such as actors, engineers and the unemployed pay the least.
  • Older drivers pay less - Youthful drivers in Oklahoma tend to be more careless when behind the wheel so they pay higher car insurance rates. Older insureds are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel.
  • Men fork out a little more - Statistics demonstrate that women are safer drivers than men. However, don't assume that men are WORSE drivers than women. Men and women cause accidents in similar percentages, but the males cause more damage and cost insurance companies more money. They also get more serious tickets like DUI and reckless driving.
  • Safe vehicles cost less to insure - Safer cars get lower rates. These vehicles have better occupant injury protection and any reduction in injury severity means lower claim amounts and thus lower rates.

The car insurance bait and switch

Car insurance companies such as State Farm, GEICO and Progressive regularly use ads in print and on television. They all seem to have a common claim that you'll save big if you move your policy. How does each company claim to save you money? This is how they do it.

Different companies are able to cherry pick for the right customer that earns them a profit. For example, a desirable insured might be between 25 and 40, has no driving citations, and has excellent credit. Any driver that hits that "sweet spot" will qualify for the lowest rates and therefore will save when switching.

Potential insureds who don't measure up to these standards will have to pay more money and this can result in the customer not buying. The ad wording is "drivers who switch" not "everyone that quotes" save that kind of money. That's the way companies can make those claims. Because of the profiling, drivers should get quotes from several different companies. You cannot predict which car insurance company will have the lowest rates.

More detailed Oklahoma car insurance information can be found at the Oklahoma Insurance Department website. Visitors are able to get help finding coverage, find out which companies have the most complaints, read industry bulletins, and read enforcement actions against agents and companies.

Final considerations

Discount car insurance is definitely available both online in addition to many Waynoka insurance agents, so you should compare both in order to have the best chance of saving money. Some companies do not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

While you're price shopping online, it's very important that you do not skimp on coverage in order to save money. In many cases, someone sacrificed physical damage coverage only to discover later they didn't purchase enough coverage. Your aim should be to purchase a proper amount of coverage for the lowest price.