How to Know You're Wasting Money for Auto Insurance in Weatherford

Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Believe me when I say you are not the only one feeling buyer's remorse.

Consumers have many to pick from, and even though it's nice to have multiple companies, it can be more difficult to compare rates.

Are you getting all your discounts?

Companies that sell car insurance do not advertise every discount very clearly, so the following is a list of some of the best known as well as the least known ways to save on auto insurance.

  • No Accidents - Drivers with accident-free driving histories pay less when compared to drivers who are more careless.
  • Homeowners Discount - Simply owning a home may earn you a small savings because owning a home demonstrates responsibility.
  • Discount for Good Grades - Performing well in school can earn a discount of 20% or more. The good student discount can last until age 25.
  • New Vehicle Savings - Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
  • Federal Government Employee - Active or retired federal employment could cut as much as 10% off with a few auto insurance companies.
  • Auto/Life Discount - Companies who offer life insurance give a discount if you purchase life insurance.

A little note about advertised discounts, many deductions do not apply to all coverage premiums. Most only apply to individual premiums such as comp or med pay. Even though it may seem like adding up those discounts means a free policy, you won't be that lucky.

How can Progressive, Allstate and GEICO save drivers who switch?

Auto insurance providers like Progressive, Allstate and GEICO constantly bombard you with ads on television and other media. They all make the same claim about savings if you switch to their company. How does each company say the same thing?

Insurance companies are able to cherry pick for the driver that earns them a profit. A good example of a driver they prefer might be profiled as over the age of 40, has no driving citations, and has excellent credit. A propective insured who matches those parameters is entitled to the best price and as a result will probably save when switching.

Potential insureds who are not a match for these standards will be quoted more money which leads to business not being written. The ads state "customers that switch" not "everybody who quotes" save that much. That's the way companies can truthfully make those claims. This emphasizes why you should get quotes from several different companies. It's not possible to predict which auto insurance company will have the lowest rates.

Learn more about Oklahoma auto insurance

Even more information can be read at the Oklahoma Insurance Department website. Oklahoma drivers can read industry bulletins, report car insurance fraud, file complaints about a company, and file complaints about an insurance agent or broker.

Also read more on this online resource for auto insurance quotes in Oklahoma and this list of insurance agents in Weatherford.

Final considerations

Cheaper auto insurance is available on the web and also from your neighborhood Weatherford agents, and you need to comparison shop both to have the best chance of lowering rates. Some companies may not provide you the ability to get quotes online and these small insurance companies work with independent agents.

Throughout this article, we presented many ideas to reduce auto insurance prices online. The key thing to remember is the more price quotes you have, the better your chances of lowering your rates. Consumers could even find that the lowest premiums are with some of the lesser-known companies. Regional companies may cover specific market segments cheaper than the large multi-state companies such as .