Paying for high-priced auto insurance can take a big chunk out of your savings account and make it impossible to make ends meet. Comparing price quotes is a smart way to tighten up your finances. Drivers have so many insurance companies to purchase coverage from, and although it’s nice to be able to choose, it can be more difficult to find the lowest cost provider.
Finding affordable coverage in Tooele is not rocket science. If you have car insurance now, you will most likely be able to cut costs considerably using these techniques. Utah consumers just need to know the most efficient way to get comparison rates online.
Car insurance companies don’t list every discount in a way that’s easy to find, so we break down both the well known and the harder-to-find discounts you could be receiving. If you aren’t receiving every discount you qualify for, you are throwing money away.
A little note about advertised discounts, some credits don’t apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when the math indicates it’s possible to get free car insurance, you won’t be that lucky.
For a list of companies with the best auto insurance discounts in Utah, click here.
An important part of buying insurance is that you know the rating factors that go into determining auto insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that will entitle you to lower auto insurance prices.
Listed below are some of the items that factor into prices.
Utah consumers can’t get away from ads for car insurance savings from companies such as 21st Century, Allstate and State Farm. All the ads make an identical promise that you’ll save big if you move your policy.
How does each company make almost identical claims?
All the different companies are able to cherry pick for the driver they prefer to insure. An example of a driver they prefer could be between 30 and 50, a clean driving record, and drives newer vehicles. A customer who meets those qualifications will get the preferred rates and most likely will cut their rates substantially.
Potential customers who don’t meet the requirements will be quoted a higher premium which leads to business not being written. The ads say “people who switch” not “everybody who quotes” save that kind of money. This is how insurance companies can state the savings. This emphasizes why drivers must get quotes from several different companies. It’s not possible to predict the company that will fit your personal profile best.
Even more information is located at the Utah Insurance Department website. Utah consumers can find out which companies have the most complaints, read enforcement actions against agents and companies, and discover disciplinary actions.
When trying to cut insurance costs, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped uninsured motorist or liability limits only to regret they didn’t purchase enough coverage. Your focus should be to purchase plenty of coverage for the lowest price while not skimping on critical coverages.
We just covered a lot of techniques to save on auto insurance. The key concept to understand is the more companies you get rates for, the higher your chance of finding lower rates. Drivers may discover the lowest rates come from a small mutual company. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like Allstate and Progressive.