Find Consumer Tested Strategies to Save on Fairbanks, AK Auto Insurance

If shopping for auto insurance online is new to you, you can be overwhelmed by the large number of auto insurance companies vying for business in Fairbanks.

Auto Insurance Prices in Fairbanks

All major auto insurance companies like Allstate, GEICO and Progressive provide prices for coverage on the web. The process is quite easy as you just type in your coverage preferences into a form. After you complete the form, the company’s rating system automatically retrieves reports for credit and driving violations and provides a quote based on these and other factors.

Online quotes helps simplify price comparisons, but the time required to go to multiple sites and fill out multiple forms can be a bit tiresome and repetitive. But it’s absolutely necessary to get many rate quotes if you are searching for the lowest price.

The smarter way to compare auto insurance pricing utilizes a single form to get prices from more than one company. The form is fast, eliminates repetitive work, and makes price shopping online much more enjoyable. Immediately after submitting the form, it is rated and you can select any of the quotes that you receive.

If you find a better price you can simply submit the application and buy the policy. The entire process takes just a few minutes to complete and may save quite a bit of money.

If you want to compare rates using this form now, click here and submit the form. If you currently have coverage, we recommend you copy the limits and deductibles exactly as they are listed on your policy. Doing this assures you will have a price comparison for similar coverage.

Can you really save $425 a year?

Auto insurance companies such as Allstate, GEICO and Progressive regularly use television and radio advertisements. They all seem to have a common claim about savings if you move to their company. How can each company claim to save you money?

Different companies are able to cherry pick for the type of driver that makes them money. For instance, a profitable customer could be between 30 and 50, is a homeowner, and chooses high deductibles. A customer who meets those qualifications gets the lowest rates and therefore will cut their rates money image

Consumers who fall outside the requirements will be quoted higher rates which usually ends up with the driver buying from a lower-cost company. The ads say “drivers who switch” not “everyone that quotes” save that much. That is how companies can advertise the way they do.

This emphasizes why you should get a wide range of price quotes. It’s just too difficult to predict which insurance companies will provide you with the cheapest rates.

These discounts can slash auto insurance rates

Car insurance can cost a lot, but discounts can save money and there are some available that you may not know about. Certain discounts will be triggered automatically at quote time, but some may not be applied and must be asked for before being credited.

  • Safe Driver Discount – Drivers who avoid accidents can pay as much as 50% less than drivers with accidents.
  • Multiple Cars – Having all your vehicles on one policy may reduce the rate for each vehicle.
  • New Vehicle Savings – Insuring a new car can save up to 30% because new vehicles have to meet stringent safety requirements.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy before your current policy expires. It can save you around 10%.
  • Senior Discount – Mature drivers can possibly qualify for a discount up to 10%.

A little note about advertised discounts, some of the credits will not apply the the whole policy. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. Just because you may think you would end up receiving a 100% discount, companies don’t profit that way. Any qualifying discounts will reduce the cost of coverage.

When might I need the advice of an agent?

When it comes to choosing the right insurance coverage, there isn’t really a “best” method to buy coverage. Each situation is unique.

Here are some questions about coverages that could help you determine whether you could use an agent’s help.

  • When does my teenage driver need to be added to my policy?
  • Can I still get insurance after a DUI?
  • What can I do if my company denied a claim?
  • Why am I required to get a high-risk car insurance policy?
  • Can I rate high risk drivers on liability-only vehicles?
  • Is a new car covered when I drive it off the dealer lot?
  • Is my cargo covered for damage or theft?

If it’s difficult to answer those questions but a few of them apply, then you may want to think about talking to an agent. To find an agent in your area, take a second and complete this form.

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Much more information about auto insurance in Alaska can be read on the Alaska Division of Insurance website found here. Consumers can view agent and company licensing information, learn about specific coverages, download brochures, and discover disciplinary actions.

More comparisons equals lower rates

Drivers leave their current company for a variety of reasons including policy cancellation, being labeled a high risk driver, delays in responding to claim requests or high prices. It doesn’t matter what your reason, finding a great new company is pretty simple and you could end up saving a buck or two.

You just learned a lot of ways to lower your auto insurance rates. The most important thing to understand is the more times you quote, the higher your chance of finding lower rates. Consumers may even find the most savings is with a lesser-known regional company.

When you buy insurance online, never reduce coverage to reduce premium. In many cases, someone sacrificed comprehensive coverage or liability limits to discover at claim time that it was a big mistake. Your aim should be to get the best coverage possible for the lowest price, not the least amount of coverage.