Free Guide to Saving Money on Woburn Auto Insurance Online

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me, many Woburn consumers feel financially strained by their auto insurance policy.

Because you have many companies to choose from, it's nearly impossible to find the best provider.

It's important to get comparison quotes every six months because prices are constantly changing. Even if you got the best rates six months ago you can probably find a better price now. You can find a lot of misleading information regarding auto insurance on the web, but I'm going to show you some great ways to quit paying high auto insurance rates.

Understand what determines the rate you pay

Consumers need to have an understanding of the different types of things that go into determining the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that may reward you with lower auto insurance prices.

Pay less after the wedding - Getting married can actually save you money on your policy. It usually means you are more responsible it has been statistically shown that being married results in fewer claims.
Do you know your deductibles? - Physical damage coverage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some examples of claims that would be covered would be running into the backend of another car, damage caused by hail, and windstorm damage. Deductibles for physical damage are how much you are willing to pay in the event of a claim. The more expense the insured has to pay upfront, the less your auto insurance will be.
Clean credit earns discounts - Credit score is a huge factor in calculating your auto insurance rates. So if your credit score is lower than you'd like, you could save money insuring your by improving your rating. Consumers who have high credit ratings tend to be less risk to insure than drivers who have poor credit.
Do you qualify for a multi-policy discount? - Most insurers will give a discount to insureds who carry more than one policy, otherwise known as a multi-policy discount. Even if you're getting this discount it's in your best interest to comparison shop to confirm you are receiving the best rates possible. You may still be able to find a better deal by insuring with multiple companies.
Your job and insurance rates - Did you know your occupation can influence how much you pay for auto insurance? Jobs such as real estate brokers, business owners and stock brokers are shown to have the highest rates in part from high stress levels and lengthy work days. On the other hand, professions such as actors, students and homemakers pay the least.
High crash test scores lower rates - Cars with high safety ratings can get you lower premiums. These vehicles have better occupant injury protection and any reduction in injury severity means lower claim amounts passed on to you as lower rates.

Take advantage of discounts

Companies don't always advertise all their discounts very well, so the following is a list of both the well known and the harder-to-find savings tricks you should be using.

Sign Online - Certain companies may give you up to $50 for buying your policy online.
Multi-car Discount - Insuring more than one vehicle with the same company qualifies for this discount.
Anti-lock Brake System - Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
Anti-theft Discount - Cars that have factory anti-theft systems are stolen less frequently and therefore earn up to a 10% discount.
Homeowners Discount - Owning a house in Woburn can help you save on auto insurance because owning a home demonstrates responsibility.
No Claims - Drivers with accident-free driving histories pay less as compared to accident-prone drivers.

A little note about advertised discounts, most discounts do not apply to all coverage premiums. Most cut the price of certain insurance coverages like liability, collision or medical payments. So even though they make it sound like all the discounts add up to a free policy, you won't be that lucky.

To choose companies offering auto insurance discounts in Massachusetts, click here to view.

Are auto insurance companies telling the truth?

Auto insurance companies such as State Farm, GEICO and Progressive constantly bombard you with ads on TV and radio. They all seem to make an identical promise about savings if you switch your policy. But how can every company claim to save you money? This is how they do it.

All companies are able to cherry pick for the right customer that makes them money. A good example of a desirable insured might be between 30 and 50, has no driving citations, and has a high credit rating. A customer getting a price quote who meets those qualifications gets the lowest rates and most likely will save a lot of money.

Potential customers who don't qualify for this ideal profile will have to pay a higher premium and ends up with the customer not buying. The ads say "drivers who switch" not "people who quote" save that kind of money. That's the way companies can truthfully state the savings. Because of the profiling, you should get a wide range of price quotes. It's impossible to know which auto insurance company will have the lowest rates.

Learn more about Massachusetts auto insurance

Even more information can be read at the Massachusetts Division of Insurance website. Visitors are able to get help finding coverage, report car insurance fraud, find out industry alerts, and read consumer alerts.

Other informative sites include this site for Massachusetts auto insurance information and see this list of insurance agents in Woburn.

Final considerations

Cheaper auto insurance can be found both online in addition to many Woburn insurance agents, so compare prices from both to have the best rate selection. Some insurance companies do not provide online price quotes and most of the time these small insurance companies sell through independent agents.

As you restructure your insurance plan, do not buy poor coverage just to save money. In many cases, someone sacrificed full coverage and found out when filing a claim that they should have had better coverage. Your aim should be to purchase plenty of coverage for the lowest price.