5 Excellent Ways to Slash Lotus Exige Insurance Cost

Expensive car insurance can drain your savings account and put the squeeze on your family’s finances. Comparison shopping is a smart way to slash your bill and have more diposable income.

There are many insurance companies to buy insurance from, and though it is a good thing to be able to choose, it can be more difficult to compare rates.

You should make it a habit to compare rates on a regular basis because insurance rates go up and down regularly. Despite the fact that you may have had the lowest price for Exige insurance a year ago you will most likely find a better rate today. Ignore everything you know about car insurance because we’re going to demonstrate the fastest way to lower your rates without sacrificing coverage.

Which Car Insurance is Cheapest?

Comparing car insurance rates can be a daunting task if you don’t utilize the most efficient way to do it. You can waste hours driving to local insurance agents in your area, or you could save time and use the web to get prices fast.

Many insurance companies participate in an industry program where insurance shoppers submit one quote, and each participating company can give them a price determined by their information. This prevents consumers from doing quotation requests to each company.

To compare pricing click here to start a free quote.

The only downside to comparing rates this way is buyers cannot specifically choose the providers you want pricing from. If you would rather choose from a list of companies for rate comparison, we put together a list of companies who write car insurance in your area. Click here to view list.

However you get your quotes, compare identical quote information on every quote. If you are comparing different liability limits it’s not possible to decipher which rate is best. Slightly different limits may result in large price differences. Just keep in mind that obtaining a wide range of quotes provides better odds of finding better pricing.

Cut your car insurance rates with discounts

Insurance can cost an arm and a leg, but you may find discounts that you may not know about. Larger premium reductions will be automatically applied at the time you complete a quote, but some may not be applied and must be asked for before you will receive the discount.

• Government Employees – Being employed by or retired from a federal job could cut as much as 10% off for Exige insurance with select insurance companies.
• Senior Discount – Mature drivers can possibly qualify for a small decrease in premiums for Exige insurance.
• Bundle and Save – When you have multiple policies with the same company you may save 10% to 20% off each policy.
• Discount for Life Insurance – Companies who offer life insurance give a break if you buy auto and life insurance together.
• Accident Forgiveness – Certain companies will forgive one accident before hitting you with a surcharge as long as you don’t have any claims prior to the accident.
• Theft Prevention System – Vehicles with anti-theft systems prevent vehicle theft and will save you 10% or more.

A little note about advertised discounts, most discounts do not apply to the entire cost. Most cut individual premiums such as medical payments or collision. So even though it sounds like all the discounts add up to a free policy, you’re out of luck. But all discounts will bring down your overall premium however.

Impacting insurance rates for a Lotus Exige

Consumers need to have an understanding of the factors that go into determining the rates you pay for car insurance. Knowing what influences your rates empowers consumers to make smart changes that will entitle you to much lower annual insurance costs.

• A lapse in coverage is a bad thing – Driving your car without having proper coverage is against the law and you will pay a penalty because you let your coverage have a gap. And not only will your rates increase, failure to provide proof of insurance may earn you a hefty fine and possibly a revoked license.
• Your location affects your rates – Residing in a small town is a positive aspect when insuring your vehicles. Fewer people translates into fewer accidents and also fewer theft and vandalism claims. City drivers regularly have more traffic problems and longer commutes to work. Higher commute times can result in more accidents.
• Do you know you’re credit rating? – Credit score is a huge factor in determining your rates. If your credit score is lower than you’d like, you could potentially save money when insuring your Lotus Exige by improving your credit score. Drivers with high credit ratings tend to file fewer claims and have better driving records than drivers who have poor credit.
• Keep rates low by being claim-free – If you frequently file small claims, you can expect higher rates. Auto insurance companies provide better rates to drivers who do not rely on their insurance for small claims. Insurance coverage is intended for the bigger claims that can’t be paid out-of-pocket.
• Rate your vehicle for proper use – The more you drive in a year’s time the more you’ll pay to insure your vehicle. The majority of insurers charge to insure your cars based on how the vehicle is used. Cars and trucks not used for work or commuting get more affordable rates than those used for commuting. Ask your agent if your car insurance policy is showing the correct driver usage. Incorrect usage on your Exige may be costing you.
• Safe vehicles cost less to insure – Vehicles with good safety scores get lower rates. The safest vehicles reduce injuries and fewer injuries means lower claim amounts and thus lower rates. If your Lotus Exige scored better than an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website you are probably receiving a discount.
• Policy add-ons can waste money – There are a ton of add-on coverages that you can get tricked into buying when buying car insurance. Insurance for roadside assistance, accidental death and membership fees are examples of these. These may sound like a good investment when talking to your agent, but your needs may have changed so eliminate the coverages to reduce your premium.
• Liability coverage is peace of mind – The liability section of your policy provides coverage when a jury decides you are liable for personal injury or accident damage. It will provide you with a defense in court starting from day one. Liability insurance is quite affordable compared to insuring for physical damage coverage, so drivers should carry high limits.

Price shop online but buy from a local agent

Some people would rather sit down with an agent. The biggest benefit of comparing insurance prices online is that you can obtain the lowest rates and still choose a local agent. And providing support for local businesses is especially important in smaller rural communities.

For easy comparison, once you complete this form (opens in new window), your information gets sent to agents in your area who will return price quotes for your insurance coverage. There is no need to leave your computer since price quotes are sent to your email. How’s that for easy! Get lower rates and a licensed agent to work with.

Do you need an independent or captive car insurance agent?

When looking for a reliable agent, you need to know there are two different agency structures to choose from. agents are classified as either independent (non-captive) or captive.

Independent Agencies or Brokers

Independent agencies are not locked into one company so they can insure your vehicles with many different companies enabling the ability to shop coverage around. If your agent finds better pricing, your agent can switch companies and that require little work on your part.

When comparison shopping, it’s recommended you contact at least one independent agent for the best price selection.

Agency Captives

Captive agents have only one company to place business with and examples are Farmers Insurance or State Farm. They generally cannot give you multiple price quotes so keep that in mind. Captive agencies are very knowledgeable on the products they sell which helps them compete with independent agents.

For a complete listing of insurance agents, visit this page.

Picking a car insurance agent needs to be determined by more than just a cheap price. These are valid questions to ask:

• How are they compensated?
• Is vehicle mileage a factor when determining depreciation for repairs?
• Are they able to influence company decisions when a claim is filed?
• If your car is totalled, how to they determine the replacement cost?
• Is their price quote a firm figure or are their hidden costs?

Once you have received satisfactory answers for all questions you ask in addition to an acceptable price estimate, it’s possible that you found an auto insurance agent that will provide car insurance coverage.

In Summary

We covered a lot of information how to reduce Lotus Exige insurance prices online. The key concept to understand is the more price quotes you have, the more likely it is that you will get a better rate. You may be surprised to find that the most savings is with the smaller companies. Some small companies often have lower prices on specific markets than the large multi-state companies such as Allstate, GEICO and Progressive.

Budget-conscious Lotus Exige insurance is available online and with local insurance agents, so compare prices from both to have the best selection. A few companies do not offer online quoting and many times these regional insurance providers only sell through independent insurance agents.