Anderson, IN Auto Insurance Savings the Insurance Agents Don’t Want You to Know About

Overpriced auto insurance can drain your personal savings and force you to prioritize other expenses. Comparison shopping is free, only takes a few minutes, and is a good way to tighten up your finances. Online insurance companies like GEICO, Progressive and Allstate persitently shower you with advertising and it is difficult to ignore the propoganda and take the time to shop coverage around.

You should make it a habit to check auto insurance prices before your policy renews due to the fact that insurance rates trend upward over time. Just because you had the best price on your last policy you may be paying too much now. Forget all the misinformation about auto insurance because you’re about to find out the fastest way to save money, get proper deductibles and limits, all at the lowest rate.

Are you getting all your discounts?

Insurance can cost an arm and a leg, but you may find discounts to reduce the price significantly. Some trigger automatically when you get a quote, but a few need to be specifically requested before you get the savings. If you aren’t receiving every discount possible, you are paying more than you should be.

  • Braking Control Discount – Anti-lock brake equipped vehicles can avoid accidents and will save you 10% or more.
  • Clubs and Organizations – Participating in a civic or occupational organization may earn a discount when buying auto insurance.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.
  • Homeowners Pay Less – Being a homeowner can save you money because owning a home demonstrates responsibility.
  • Discount for New Cars – Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
  • Multiple Policy Discount – If you have multiple policies with one insurance company you could get a discount of 10% to 20% off each policy.
  • Discounts for Safe Drivers – Drivers who avoid accidents may receive a discount up to 45% less than less cautious drivers.
  • Defensive Driving Course – Taking part in a defensive driving course could possibly earn you a 5% discount depending on where you live.
  • Low Mileage Discounts – Driving fewer miles could be rewarded with better rates on cars that stay parked.

A little note about advertised discounts, most discount credits are not given to the entire cost. Most cut the cost of specific coverages such as comp or med pay. Just because you may think having all the discounts means you get insurance for free, companies wouldn’t make money that way. But all discounts will cut the cost of coverage.

To see a list of providers who offer auto insurance discounts in Anderson, click this link.

Learn How to Buy Auto Insurance Cheaper

Consumers need to have an understanding of the rating factors that come into play when calculating the price you pay for auto insurance. Having a good understanding of what controls the rates you pay allows you to make educated decisions that will entitle you to better auto insurance rates.<img class="alignright" style="padding-top:15px" src="http://www.findnewcarinsurance.com/wp-content/uploads/ci175-34.jpg" alt="Car insurance in Indiana” />

  • Mature drivers pay less – Older insureds tend to be more responsible, tend to file fewer claims and get fewer tickets. Teen drivers are statistically proven to be careless and easily distracted when behind the wheel therefore auto insurance rates are much higher.
  • Special features that cut premiums – Purchasing a vehicle with anti-theft technology or alarm system can save you a little every year. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all aid in stopping your vehicle from being stolen.
  • Consolidate policies to earn discounts – Some auto insurance companies will give a discount to people who consolidate policies with them, otherwise known as a multi-policy discount. If you currently are using one company, it’s still a good idea to comparison shop to confirm you are receiving the best rates possible. Drivers may still find a better deal by buying auto insurance from a different company.
  • More miles equals more premium – The more you drive every year the more you’ll pay to insure your vehicle. Most insurance companies rate vehicles based on how the vehicle is used. Cars and trucks not used for work or commuting receive lower rates compared to those used for work or business. Ask your agent if your auto insurance policy is showing the correct driver usage, because improper ratings can cost you money.

Beware of misleading auto insurance ads

Indiana drivers constantly see and hear ads for cheaper car insurance from companies such as State Farm and Allstate. They all seem to have a common claim about savings after switching your policy.

How can each company say the same thing? This is how they do it.

Different companies are able to cherry pick for the type of driver that is profitable for them. For example, a driver they prefer could be over the age of 50, a clean driving record, and drives newer vehicles. A customer getting a price quote who fits that profile receives the best rates and most likely will save when switching.

Potential insureds who don’t qualify for the requirements will be quoted a higher premium which leads to the driver buying from a lower-cost company. The ad wording is “people who switch” not “everybody who quotes” save money. That’s why companies can make the claims of big savings.

This emphasizes why you absolutely need to compare as many rates as you can. It is impossible to predict which company will fit your personal profile best.

Additional Indiana car insurance resources

Additional information can be found on the website for the Indiana Department of Insurance. Click here for link. Consumers can find a variety of consumer forms, learn about specific coverages, get help finding coverage, and find disaster information.

Car insurance in Indiana

Other informative sites include III.org’s auto insurance page and this resource to find Anderson, IN insurance agents.

Affordable insurance is out there

The cheapest auto insurance is possible online in addition to many Anderson insurance agents, and you should be comparing both to have the best rate selection. Some insurance companies do not provide online price quotes and most of the time these smaller companies sell through independent agents.

As you restructure your insurance plan, don’t be tempted to skimp on critical coverages to save a buck or two. In many cases, an accident victim reduced comprehensive coverage or liability limits only to regret at claim time that it was a big mistake. Your strategy should be to buy the best coverage you can find for the lowest price.