Buying the lowest cost Moscow auto insurance on the web is difficult for consumers not familiar with buying insurance online. With so many online companies available, how can Moscow drivers have a chance to compare them all to find the best available rates?
Don’t pay full price with these discounts
Car insurance companies don’t always advertise every discount in a way that’s easy to find, so we researched both well-publicized as well as the least known ways to save on auto insurance.
- Discounts for Safe Drivers – Drivers who don’t get into accidents can pay as much as 50% less than drivers with accidents.
- Paperless Signup – Some insurance companies give back up to $50 simply for signing on their website.
- Multi-car Discount – Buying coverage for more than one vehicle on the same auto insurance policy can get a discount on all vehicles.
- No Claims – Drivers with accident-free driving histories can save substantially when compared with drivers who are more careless.
- Organization Discounts – Being a member of a civic or occupational organization could qualify you for a break on your policy.
- Federal Employees – Simply working for the federal government could cut as much as 10% off depending on your company.
- Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you will save at least 10% off all policies.
- Distant Student – Kids in college who are attending college without a vehicle on campus may be able to be covered for less.
- Auto/Life Discount – Select insurance companies reward you with better rates if you take out life insurance from them.
It’s important to note that most discount credits are not given to your bottom line cost. Most cut specific coverage prices like liability, collision or medical payments. So even though they make it sound like it’s possible to get free car insurance, you’re out of luck.
For a list of companies with discount auto insurance rates in Moscow, click here to view.
Factors that affect insurance rates
An important part of buying insurance is that you know the factors that help determine auto insurance rates. Understanding what determines base rates allows you to make educated decisions that may reward you with better auto insurance rates.<img class="alignright" style="padding-top:15px" src="http://www.findnewcarinsurance.com/wp-content/uploads/ci175-7.jpg" alt="Moscow ID car insurance prices” />
The following are a partial list of the pieces companies use to determine rates.
- Your auto insurance rates can be influenced by your job – Occupations like doctors, executives and accountants are shown to have higher rates than average in part from stressful work requirements and long work days. On the flip side, professions such as scientists, athletes and the unemployed pay the least.
- Pay less if you’re married – Having a wife or husband can actually save you money on your auto insurance policy. It usually means you are more mature than a single person and it’s statistically proven that drivers who are married are more cautious.
- Optional equipment can affect rates – Driving a car with anti-theft technology or alarm system can help lower your rates. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers all hinder auto theft.
- Mature drivers pay less – Older insureds tend to be more responsible, statistically cause fewer accidents and receive fewer citations. Teen drivers are statistically proven to be more careless when behind the wheel and because of this, their auto insurance rates are much higher.
- Where do you drive? – The more you drive every year the higher your rates will be. The majority of insurers rate vehicles determined by how the vehicle is used. Autos not used for work or commuting qualify for better rates than vehicles that are driven to work every day. Ask your agent if your auto insurance policy shows the correct driver usage.
- Poor credit can mean higher rates – Credit rating is a big factor in determining what you pay for auto insurance. People with excellent credit tend to be more responsible than those with lower credit ratings. So if your credit score can use some improvement, you could potentially save money when insuring your by spending a little time repairing your credit.
- Do you need the policy add-ons? – There are many extra bells and whistles you can purchase on your auto insurance policy. Things like rental car reimbursement, better glass coverage and term life insurance may be costing you every month. These may sound like a good investment when you first buy your policy, but if they’re wasting money remove them from your policy.
- What are your deductibles? – The deductibles define the amount you are required to spend before your auto insurance pays a claim. Coverage for physical damage, termed comprehensive and collision coverage on your policy, covers damage that occurs to your car. A few examples of covered claims would be running into the backend of another car, damage caused by hail, or theft. The higher the amount you have to pay, the less your company will charge you for insurance.
Do drivers who switch really save $427 a year?
Companies like State Farm and Allstate regularly use ads on television and other media. All the ads have a common claim about savings if you move your policy. How do they all make almost identical claims?
Different companies have a preferred profile for the driver that makes them money. For instance, a driver they prefer could possibly be between the ages of 30 and 50, owns a home, and has great credit. Any new insured that hits that “sweet spot” will qualify for the lowest rates and as a result will probably cut their rates substantially.
Consumers who fall outside the “perfect” profile will have to pay more money and this can result in business not being written. Company advertisements say “customers who switch” not “people who quote” save money. That is how insurance companies can confidently claim big savings. Because of the profiling, it’s extremely important to get as many comparisons as possible. Because you never know which company will have the lowest rates.
Additional detailed information can be found at the Idaho Department of Insurance website. Consumers can learn about insurance regulations, get help finding coverage, and report car insurance fraud.
Shop smart and save
Affordable auto insurance is possible both online in addition to many Moscow insurance agents, so compare prices from both to get a complete price analysis. Some auto insurance companies do not provide online quoting and most of the time these small, regional companies sell through independent agents.
As you prepare to switch companies, it’s a bad idea to buy less coverage just to save a little money. There are too many instances where an insured dropped full coverage and found out when filing a claim that they should have had better coverage. The proper strategy is to find the BEST coverage at an affordable rate while not skimping on critical coverages.
Insureds switch companies for many reasons like high prices, policy non-renewal, delays in responding to claim requests and even questionable increases in premium. Regardless of your reason, switching companies can be less work than you think.