Easy Methods to Spend Less on Wellington Auto Insurance

Finding low-cost Wellington auto insurance on the web can be rather challenging for consumers not familiar with comparison shopping online. When there are so many companies in the marketplace, how can consumers even start to compare every company to locate the lowest rates?

You have some control over your rates

Consumers need to have an understanding of the rating factors that help determine the price you pay for auto insurance. When you know what positively or negatively influences your rates enables informed choices that will entitle you to much lower annual insurance costs.

The following are some of the factors auto insurance companies consider when setting prices.

  • Optional equipment can affect rates - Purchasing a vehicle with an alarm system can help lower your rates. Theft prevention features such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.
  • Where you live - Residing in small towns and rural areas can save you money when insuring your vehicles. Drivers in populated areas regularly have traffic congestion and much longer commute distances. Less people living in that area translates into fewer accidents and also fewer theft and vandalism claims.
  • Multi-policy discounts can save money - Many auto insurance companies provide better rates to customers who have multiple policies with them, otherwise known as a multi-policy discount. Even with this discount, you still need to comparison shop to ensure the best deal.
  • Rate your vehicle for proper use - Driving more miles in a year's time the higher your rate. Most insurance companies apply a rate based on their usage. Autos used primarily for pleasure use can get a lower rate compared to those used for work or business. Double check that your auto insurance coverage properly reflects the proper vehicle usage, because it can save money.
  • Policy add-ons can waste money - There are a ton of add-on coverages that can waste your money on your auto insurance policy. Things like vanishing deductibles, accident forgiveness and term life insurance may be wasting your money. These coverages may sound good when you first buy your policy, but if they're wasting money remove them from your policy.

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How much can you save with discounts?

Insuring your fleet can be pricey, but there could be available discounts to reduce the price significantly. Certain discounts will be applied when you purchase, but some must be specially asked for before being credited.

  • Payment Method - If paying your policy premium upfront instead of making monthly payments you may reduce your total bill.
  • Auto/Life Discount - Some companies give a break if you buy life insurance.
  • Multiple Policy Discount - If you insure your home and vehicles with one company you could get a discount of at least 10% off all policies.
  • Theft Prevention Discount - Vehicles equipped with anti-theft or alarm systems are stolen less frequently and will save you 10% or more.
  • Multiple Vehicles - Buying insurance for multiple vehicles with the same company may reduce the rate for each vehicle.

Keep in mind that most discount credits are not given to your bottom line cost. The majority will only reduce individual premiums such as liability and collision coverage. So when it seems like adding up those discounts means a free policy, it just doesn't work that way. But any discount will help reduce the amount you have to pay.

To choose insurance companies who offer auto insurance discounts in Florida, click this link.

Save 15 percent in 15 minutes? Is it for real?

Auto insurance providers like State Farm, Allstate and GEICO continually stream television and radio advertisements. They all make the same claim that you can save after switching to their company. But how can every company make almost identical claims?

Insurance companies have a preferred profile for the driver that makes them money. An example of a driver they prefer could possibly be between the ages of 30 and 50, has no prior claims, and chooses high deductibles. A customer getting a price quote who matches those parameters gets the lowest rates and is almost guaranteed to save a lot of money.

Consumers who don't meet this ideal profile will be quoted higher prices which leads to the driver buying from a lower-cost company. Company advertisements say "customers that switch" but not "drivers who get quotes" save that much. This is how insurance companies can state the savings.

This emphasizes why you should get a wide range of price quotes. It's impossible to know which insurance companies will give you the biggest savings.

How much car insurance do I need?

When buying proper insurance coverage for your personal vehicles, there really is no cookie cutter policy. Coverage needs to be tailored to your specific needs.

For example, these questions can help discover if your insurance needs might need an agent's assistance.

  • Are my tools covered if they get stolen from my vehicle?
  • When does my teenage driver need to be added to my policy?
  • What is the difference between comprehensive and collision coverage?
  • Do I need special endorsements for business use of my vehicle?
  • Am I covered when driving on a suspended license?
  • What happens if I owe more than my vehicle is worth?
  • Should I have combined single limit or split liability limits?

If it's difficult to answer those questions but you think they might apply to your situation then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form.

Learn more about auto insurance in Florida

More information is available on the Florida Office of Insurance Regulation website located here. Florida consumers can view a list of available companies, view agent and company licensing information, and read consumer alerts.

Other informative sites include this page for auto insurance prices in Florida and this list of insurance agents in Wellington, FL.

Florida auto insurance quotes

Do the work, save more money

Insureds change insurance companies for a number of reasons such as unfair underwriting practices, delays in paying claims, policy non-renewal or even policy cancellation. It doesn't matter what your reason, choosing a new insurance company is easier than you think.

When buying insurance coverage, do not buy poor coverage just to save money. There have been many situations where consumers will sacrifice liability limits or collision coverage only to find out that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at a price you can afford while still protecting your assets.

Affordable auto insurance can be purchased online and also from your neighborhood Wellington agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance companies may not provide online price quotes and these smaller companies work with independent agents.