Car Insurance in Williamstown - 7 Discounts to Save Money
Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us, you're not the only one. You have multiple to buy insurance from, and although it's a good thing to have multiple companies, having more makes it harder to compare rates.
It's important to do rate comparisons at least once a year since rates are constantly changing. Even if you got the best price six months 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 tricks you need to know to eliminate unnecessary coverages and save money.
Buying car insurance in Williamstown is not that difficult. If you currently have a car insurance policy, you should be able to lower your premiums substantially using these methods. New Jersey consumers only need to know how to get comparison rates over the internet.
Save big with these seven discounts
Auto insurance companies do not list all their discounts very clearly, so we took the time to find both the well known and also the lesser-known ways to save on car insurance. If you're not getting every credit possible, you are throwing money away.
- Auto/Life Discount - Companies who offer life insurance give a discount if you purchase life insurance.
- Driver Safety - Successfully completing a defensive driving course could possibly earn you a 5% discount if you qualify.
- No Charge for an Accident - Certain companies allow you one accident before your rates go up as long as you don't have any claims for a set time period.
- Braking Control Discount - Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
- Homeowners Discount - Owning a house in Williamstown may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
- Discount for Good Grades - Performing well in school can earn a discount of 20% or more. This discount can apply well after school through age 25.
- Sign Online - A few companies may give you up to $50 for buying your policy over the internet.
A little note about advertised discounts, most discount credits are not given the the whole policy. The majority will only reduce specific coverage prices like collision or personal injury protection. So when the math indicates adding up those discounts means a free policy, you won't be that lucky.
Car insurance ads bend the truth
Consumers in New Jersey get pounded daily by advertisements that promise big savings by companies like GEICO, State Farm and Progressive. They all seem to make the same claim about savings after switching to them.
How does each company claim to save you money? It's all in the numbers.
Insurance companies are able to cherry pick for the type of driver that earns them a profit. For example, a desirable insured might be over the age of 40, has no tickets, and has a high credit rating. Any new insured who matches those parameters gets the lowest rates and most likely will save when switching.
Potential customers who fall outside these standards will have to pay a higher premium which leads to the customer not buying. Company advertisements say "customers who switch" not "people who quote" save money. That's the way companies can truthfully state the savings. Because of the profiling, drivers should quote coverage with many companies. It's just too difficult to predict which car insurance company will have the lowest rates.
Find out more about car insurance
Even more information can be found at the New Jersey Department of Banking and Insurance website. Visitors are able to file complaints about an insurance agent or broker, discover disciplinary actions, get help finding coverage, and find out industry alerts.
And the best car insurance company is...
As you restructure your insurance plan, never skimp on coverage in order to save money. In many instances, an insured dropped physical damage coverage only to discover later that they should have had better coverage. The ultimate goal is to buy the best coverage you can find at the best price.
The cheapest car insurance can be purchased both online and with local Williamstown insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance companies do not offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.
