Cambridge, MD Car Insurance Savings the Companies Don’t Want You to Know About

Feel like you’re a prisoner to high-priced car insurance? Trust us when we tell you many consumers are feeling buyer’s remorse and feel like there’s no way out.

Insurance companies such as State Farm and GEICO promote their brand names with TV and radio ads and it is challenging if not impossible to separate fact from fiction and find the best price available.

Smart consumers take time to compare rates quite often since insurance rates are adjusted regularly by insurance companies. Even if you got the lowest rates six months ago you will most likely find a better rate today. There is a lot of bad advice regarding car insurance on the internet, so with this article, you’re going to get some great ideas on how to slash your car insurance rates.

Cut your car insurance rates with discounts

Companies don’t always advertise every available discount very clearly, so we break down some of the more common and also the lesser-known ways to save on car insurance.

  • Government Employees – Being employed by or retired from a federal job can save as much as 8% with a few car insurance companies.
  • Pay Now and Pay Less – By paying your policy upfront instead of monthly or quarterly installments you could save up to 5%.
  • No Charge for an Accident – Certain companies will allow you to have one accident before hitting you with a surcharge as long as you don’t have any claims prior to the accident.
  • Military Discounts – Having a family member in the military can result in better rates.
  • Drivers Ed for Students – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.

Drivers should understand that most of the big mark downs will not be given to your bottom line cost. Most only cut specific coverage prices like medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, car insurance companies aren’t that generous.

To choose companies who offer car insurance discounts in Cambridge, click this link.<img class="alignright" style="padding-top:15px" src="" alt="Cambridge MD car insurance prices” />

Buy Cheaper Car Insurance with These Tips

An important part of buying insurance is that you know the factors that play a part in calculating the rates you pay for car insurance. Understanding what controls the rates you pay allows you to make educated decisions that will entitle you to better car insurance rates.

  • Men pay higher rates – Statistics show women tend to be less risk to insure than men. That doesn’t necessarily mean that women are better drivers. They both tend to get into accidents at about the same rate, but men cause more damage. Men also have more aggressive citations like reckless driving and DUI. Young males are most likely to cause an accident and therefore are the most expensive to insure.
  • Teen drivers pay high rates – Youthful drivers in Maryland are known to be careless and easily distracted when behind the wheel so they pay higher car insurance rates. Older insureds are more cautious drivers, tend to cause fewer accidents and get fewer tickets.
  • Do you know you’re credit rating? – Having a bad credit rating is a huge factor in your rate calculation. Consumers who have excellent credit tend to be less risk to insure as compared to drivers with poor credit. If your credit score can use some improvement, you could save money insuring your by repairing your credit.
  • Performance level impacts rates – The performance level of the vehicle you are buying insurance for makes a big difference in how high your rates are. Economy passenger models usually have the lowest rates, but the cost you end up paying is determined by many additional factors.
  • Pleasure use saves money – The higher the mileage driven every year the higher your rate. Most companies rate vehicles based on how the vehicle is used. Cars and trucks used primarily for pleasure use can get a lower rate than vehicles that are driven to work every day. Double check that your car insurance declarations sheet is showing the correct usage for each vehicle, because it can save money.
  • More than one policy can earn a discount – The majority of 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, you may still want to shop around to confirm you are receiving the best rates possible.
  • You might want pay the small claims yourself – Auto insurance companies in Maryland give better rates to drivers who do not rely on their insurance for small claims. If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Auto insurance is intended to be relied upon for major claims that would cause financial hardship.

You are unique and your car insurance should be too

When it comes to choosing the best car insurance coverage, there really is not a single plan that fits everyone. Everyone’s needs are different and your policy should reflect that. For instance, these questions might point out whether or not you will benefit from professional help.

  • Are rental cars covered under my policy?
  • Is business equipment covered while in my vehicle?
  • Is rental equipment covered for theft or damage?
  • Does my policy pay for OEM or aftermarket parts?
  • Will my rates increase for filing one claim?
  • Does my insurance cover my expensive audio equipment?
  • Do I need PIP (personal injury protection) coverage in Maryland?
  • Does my personal auto insurance policy cover using my vehicle for business use?
  • Is Maryland a no-fault state?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to an agent. To find lower rates from a local agent, complete this form or click here for a list of car insurance companies in your area.

Don’t believe everything you hear

State Farm, Allstate and GEICO regularly use television and radio advertisements. All the companies have a common claim that you’ll save big if you move your policy. How do they all claim to save you money?

Different companies have a preferred profile for the right customer that earns them a profit. An example of a desirable insured could possibly be a mature driver, a clean driving record, and drives less than 7,500 miles a year. A customer who fits that profile gets the lowest rates and most likely will pay quite a bit less when switching companies.

Consumers who don’t measure up to the “perfect” profile will be quoted higher premiums and this can result in the customer not buying. The ads state “people who switch” not “everybody who quotes” save money. That is how companies can make the claims of big savings. This emphasizes why you need to get as many comparisons as possible. It’s just too difficult to predict which company will fit your personal profile best.

More sites with car insurance information

Additional detailed information can be found at the Maryland Insurance Administration website. Consumers can read enforcement actions against agents and companies, file complaints about a company, and read consumer alerts.

Cambridge MD car insurance prices

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In Summary

Affordable car insurance is definitely available online and with local Cambridge insurance agents, and you should compare price quotes from both to have the best rate selection. There are still a few companies who do not offer online price quotes and these regional insurance providers work with independent agents.

When trying to cut insurance costs, don’t be tempted to reduce needed coverages to save money. There have been many situations where an accident victim reduced full coverage only to find out that the few dollars in savings costed them thousands. The proper strategy is to find the BEST coverage at an affordable rate, not the least amount of coverage.