Are you confused by the wide range of auto insurance company choices in Arlington? You’re not the only one! Drivers have so many choices that it can quickly become more work than you anticipated to find the best price.
It’s important to take a look at other company’s rates at least once a year due to the fact that insurance rates trend upward over time. Even if you got the best deal six months ago you can probably find a lower rate today. Forget anything you know (or think you know) about auto insurance because I’m going to let you in on the secrets to how to quote online to get good coverage at a lower rate.
Consumers need to have an understanding of some of the elements that go into determining auto insurance rates. When you know what positively or negatively determines base rates enables informed choices that could result in big savings.
Listed below are some of the factors auto insurance companies consider when setting premiums.
Car insurance is not cheap, but you can get discounts that you may not even be aware of. Some trigger automatically at the time of quoting, but a few must be requested specifically prior to getting the savings.
As a disclaimer on discounts, some credits don’t apply to the entire policy premium. Some only apply to individual premiums such as medical payments or collision. So even though they make it sound like you can get free auto insurance, you’re out of luck. But any discount will cut your overall premium however.
21st Century, Allstate and State Farm regularly use ads on television and other media. All the companies make an identical promise that you can save if you move your policy. How does each company claim to save you money?
All the different companies have a certain “appetite” for the driver they prefer to insure. For example, a driver they prefer might be over the age of 50, has no prior claims, and has a short commute. Any new insured who matches those parameters receives the best rates and most likely will save when switching.
Consumers who are not a match for this ideal profile must pay higher prices which usually ends up with business not being written. The ads say “customers who switch” not “everybody who quotes” save that much. That is how insurance companies can confidently make those claims.
This illustrates why drivers must compare many company’s rates. You cannot predict which insurance companies will have the lowest rates.
Much more information about auto insurance in Massachusetts can be found on the Massachusetts Division of Insurance website found here. Visitors are able to download brochures, find out industry alerts, and read industry bulletins.
The following information may also be useful.
Consumers change insurance companies for a number of reasons such as policy non-renewal, poor customer service, an unsatisfactory settlement offer and even not issuing a premium refund. Regardless of your reason, switching companies is pretty simple and you could end up saving a buck or two.
As you go through the steps to switch your coverage, do not skimp on coverage in order to save money. In many instances, consumers will sacrifice liability coverage limits and discovered at claim time they didn’t purchase enough coverage. Your focus should be to find the BEST coverage at the best price while still protecting your assets.
You just learned a lot of information how to shop for auto insurance online. The most important thing to understand is the more rate quotes you have, the better your chances of lowering your rates. You may be surprised to find that the most savings is with some of the lesser-known companies.