7 Methods to Save on Car Insurance in Wilder

Overpriced car insurance can overdraw your savings account and put a big crunch on your finances. Shopping your coverage around is a smart way to lower your monthly bill.

You have multiple to buy insurance from, and although it's nice to have multiple companies, having more makes it harder to compare rates.

It's important to do rate comparisons yearly since rates are constantly changing. Despite the fact that you may have had the best deal last year you will most likely find a better rate today. Starting now, ignore everything you know about car insurance because we're going to show you the only way to remove unneeded coverages and save money.

These seven discounts can lower your rates

The cost of insuring your cars can be expensive, but you may find discounts to cut the cost considerably. Certain discounts will be applied when you get a quote, but lesser-known reductions have to be asked for before you will receive the discount.

College Student - Children who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
Discount for Life Insurance - Some companies give a discount if you purchase a life insurance policy as well.
Accident Waiver - Certain companies allow you one accident before your rates go up as long as you don't have any claims prior to the accident.
Anti-theft Discount - Anti-theft and alarm systems prevent vehicle theft and earn discounts up to 10%.
Payment Method - If you pay your bill all at once instead of monthly or quarterly installments you can actually save on your bill.
Own a Home - Owning a house in Wilder may trigger a car insurance policy discount due to the fact that maintaining a home requires personal responsibility.
Military Rewards - Having a deployed family member may qualify for rate reductions.

Keep in mind that most credits do not apply to your bottom line cost. Some only apply to specific coverage prices like liability, collision or medical payments. So despite the fact that it appears you can get free auto insurance, it just doesn't work that way. But any discount will bring down the cost of coverage.

Different people need different coverages

When it comes to buying proper insurance coverage for your personal vehicles, there isn't really a "perfect" insurance plan. Every situation is different and a cookie cutter policy won't apply. For instance, these questions can help discover whether you might need an agent's assistance.

Do I pay less if my vehicle is kept in my garage?
When does my teenage driver need to be added to my policy?
Why does it cost so much to insure a teen driver in Wilder?
Does my policy cover me when driving someone else's vehicle?
Can I get a multi-policy discount for packaging my home and auto coverage?
Am I covered when renting a car or should I buy coverage from the car rental agency?
What can I do if my company won't pay a claim?

If you don't know the answers to these questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, complete this form or you can go here for a list of companies in your area.

Are you falling for claims of savings?

Car insurance companies such as Progressive, GEICO, Allstate and State Farm continually stream ads on television and other media. They all seem to say the same thing that you can save after switching to them. How does each company make the same claim? It's all in the numbers.

All companies have a preferred profile for the type of driver that earns them a profit. An example of a desirable insured could be between the ages of 30 and 50, has no prior claims, and has great credit. Any new insured who fits that profile will qualify for the lowest rates and as a result will probably save when switching.

Drivers who are not a match for these standards will have to pay higher premiums which usually ends up with business going elsewhere. The ad wording is "customers who switch" not "everybody who quotes" save money. This is how insurance companies can advertise the savings.

Because of the profiling, you should get quotes from several different companies. It's just too difficult to predict which insurance companies will give you the biggest savings.

More information is available on the website for the Kentucky Department of Insurance found here. Consumers can read enforcement actions against agents and companies, view agent and company licensing information, learn about insurance regulations, and read consumer alerts.

Affordable insurance is out there

As you prepare to switch companies, never buy lower coverage limits just to save a few bucks. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits to discover at claim time that the small savings ended up costing them much more. Your aim should be to get the best coverage possible at the best price.

Affordable car insurance can be bought from both online companies and with local Wilder insurance agents, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who do not offer you the ability to get quotes online and most of the time these smaller companies sell through independent agents.