Consumer Tested Strategies for Buying Low-Cost Newport, DE Auto Insurance

Purchasing affordable Newport auto insurance online can be challenging for consumers new to shopping for insurance online. With so many companies competing online, how can consumers even start to compare every one to find the cheapest available price?

It is always a good idea to compare rates at least once a year due to the fact that insurance rates trend upward over time. If you had the lowest price a few years ago the chances are good that you can find a lower rate today. Ignore everything you know about auto insurance because you’re about to learn the quickest way to find better coverage at a better price.

If you are insured now or need new coverage, you will benefit by learning to reduce the price you pay and possibly find even better coverage. Finding the cheapest coverage in Newport is easy if you know what you’re doing. Delaware consumers only need an understanding of the most efficient way to find the lowest price on the web.

How to Compare Newport Auto Insurance Costs

Shopping for lower auto insurance rates can be a lot of work if you don’t know the most efficient way to do it. You can waste a few hours (or days) talking to agents in Newport, or you can stay home and use online quotes to quickly compare rates.

Most car insurance companies enroll in a system that enables customers to submit one quote, and every company returns a rated price for coverage. This eliminates the need for repetitive form submissions for every auto insurance company.

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The only drawback to using this type of form is buyers cannot specifically choose the insurers you want to price. So if you prefer to choose from a list of companies to compare rates, we have a page of companies who write auto insurance in Delaware. Click to view list.

However you get your quotes, ensure you are comparing apples-to-apples coverage limits with each company. If your comparisons have different limits and deductibles on each one it will be impossible to find the best deal in Newport.

Take advantage of discounts

Companies don’t always list all their discounts in a way that’s easy to find, so we researched both well-publicized as well as the least known discounts you could be receiving. If you aren’t receiving every discount available, you’re just leaving money on the table.<img class="alignright" style="padding-top:15px;" src="" alt="Newport DE car insurance prices“/>

  • Senior Discount – If you’re over the age of 55, you may be able to get a discount up to 10%.
  • Discounts for Safe Drivers – Insureds without accidents can pay as much as 50% less than drivers with accidents.
  • Service Members Pay Less – Being deployed with a military unit could mean lower rates.
  • Early Switch Discount – Some companies give discounts for buying a policy prior to your current policy expiring. It’s a savings of about 10%.
  • Multi-policy Discount – If you have multiple policies with one company you may earn up to 20% off your total premium.

Consumers should know that many deductions do not apply to the entire policy premium. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like you can get free auto insurance, it just doesn’t work that way.

Rate influencing factors

An important part of buying insurance is that you know some of the elements that help determine the rates you pay for auto insurance. Having a good understanding of what impacts premium levels empowers consumers to make smart changes that may reward you with big savings.

  • Discounts for married couples – Being married can get you a discount on your auto insurance policy. Having a significant other means you’re more mature than a single person it has been statistically shown that being married results in fewer claims.
  • Teen drivers pay high rates – Young drivers in Delaware have a tendency to be careless and easily distracted behind the wheel so auto insurance rates are higher. Having to add a teen driver to your policy can be very expensive. Older drivers are more cautious drivers, statistically cause fewer accidents and get fewer tickets.
  • Car features impact rates – Driving a car with a theft deterrent system can help lower your rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all hinder your car from being stolen.
  • Credit scores impact auto insurance rates – Having a bad credit score is a large factor in determining what you pay for auto insurance. Drivers who have high credit ratings tend to be better drivers and file fewer claims than those with poor credit. So if your credit rating is low, you could potentially save money when insuring your by improving your credit score.
  • Do you need those extra coverages? – There are quite a few additional coverages that you can get tricked into buying if you aren’t careful. Things like personal injury protection, accidental death and motor club memberships are examples of these. They may seem good initially, but if you don’t need them remove them from your policy.

How to know if you need help

When buying proper insurance coverage, there really is no “best” method to buy coverage. Your needs are not the same as everyone else’s.

For instance, these questions can help discover whether you may require specific advice.

  • Is borrowed equipment or tools covered if stolen or damaged?
  • Am I covered when pulling a rental trailer?
  • Should I buy additional glass protection?
  • Is my nanny covered when driving my vehicle?
  • Are my tools covered if they get stolen from my vehicle?
  • What can I do if my company denied a claim?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Do I need special endorsements for business use of my vehicle?
  • Are there companies who specialize in insuring high-risk drivers?
  • Can I still get insurance after a DUI?

If it’s difficult to answer those questions, you may need to chat with an agent. To find an agent in your area, fill out this quick form. It’s fast, free and you can get the answers you need.

More detailed Delaware auto insurance information can be found at the Delaware Department of Insurance website. Visitors are able to read state legal mandates and laws, learn about insurance regulations, read enforcement actions against agents and companies, and find a variety of consumer forms.

The articles below may also help you learn more about auto insurance in Newport

Advertising myths

Consumers get pounded daily by advertisements for car insurance savings by State Farm, GEICO and Progressive. They all make an identical promise that you can save if you switch to their company.

But how can every company make the same claim?

Insurance companies can use profiling for the type of driver that makes them money. An example of a desirable insured might be between the ages of 40 and 55, is a homeowner, and has a high credit rating. Any new insured who fits that profile receives the best rates and as a result will probably cut their rates substantially.

Potential customers who don’t meet the requirements will have to pay higher rates which usually ends up with the customer not buying. Company advertisements say “customers who switch” not “everybody who quotes” save that much money. This is how companies can truthfully state the savings. Because of the profiling, you absolutely need to compare as many rates as you can. It is impossible to predict which auto insurance company will have the lowest rates.

More comparisons equals lower rates

Budget-conscious auto insurance can be purchased on the web in addition to many Newport insurance agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who do not provide online price quotes and most of the time these regional insurance providers sell through independent agents.

People who switch companies do it for many reasons like policy non-renewal, denial of a claim, questionable increases in premium or even delays in paying claims. No matter why you want to switch, switching companies can be pretty painless.

As you go through the steps to switch your coverage, it’s not a good idea to skimp on critical coverages to save a buck or two. There are too many instances where an insured cut comprehensive coverage or liability limits only to regret that their decision to reduce coverage ended up costing them more. The aim is to buy a smart amount of coverage at a price you can afford while still protecting your assets.