Grafton West Virginia Auto Insurance Savings the Big Companies Don’t Want You to Know About

Are you intimidated by the number of auto insurance companies in Grafton? Many other drivers are as well. Consumers have so many companies to choose from that it can easily become a ton of work to find the best price.

You need to get comparison quotes before your policy renews since insurance rates are rarely the same from one policy term to another. Even if you think you had the best price a year ago you may be paying too much now. Starting right now, forget anything you know (or think you know) about auto insurance because it’s time to teach you the fastest way to lower your annual insurance bill.

How to Lower your Auto Insurance Rates

Consumers need to have an understanding of the different types of things that play a part in calculating the rates you pay for auto insurance. Understanding what impacts premium levels enables informed choices that can help you get lower auto insurance prices.

Shown below are a few of the “ingredients” auto insurance companies consider when setting your rates.

  • Don’t cancel a policy without a new one in place – Having an insurance coverage lapse will be a guaranteed way to increase your auto insurance rates. Not only will you pay more, but not being able to provide proof of insurance might get you a revoked license or a big fine.Then you may be required to submit proof of financial responsibility or a SR-22 with the West Virginia motor vehicle department.
  • Better crash test results mean better rates – Vehicles with good safety scores get lower rates. These vehicles result in less severe injuries and better occupant protection means less money paid by your insurance company and thus lower rates.
  • Your age impacts your rates – Mature drivers are viewed as being more responsible, file fewer claims and tend to be better behind the wheel. Teenage drivers tend to be careless and easily distracted in a vehicle and because of this, their auto insurance rates are much higher.
  • Rate your vehicle for proper use – Driving more miles in a year’s time the higher your rate. Most insurance companies price each vehicle’s coverage determined by how the vehicle is used. Autos used primarily for pleasure use qualify for better rates than those used for commuting. Double check that your auto insurance coverage is rated on the proper vehicle usage.
  • What are your deductibles? – Deductibles for physical damage represent how much money you are willing to pay out-of-pocket in the event of a claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. A few examples of covered claims would be colliding with a building, damage from fire, or theft. The more you have to pay, the less your auto insurance will be.
  • Sex matters – Statistics show that women are safer drivers than men. That doesn’t necessarily mean that women are BETTER drivers than men. Women and men tend to get into accidents in similar percentages, but men cause more damage. Men also receive more costly citations such as reckless driving. Youthful male drivers are several times more likely to be in an accident and are penalized with high auto insurance rates.

Save big with these discounts

Companies offering auto insurance don’t necessarily list all their discounts very clearly, so the following is a list of some of the best known and the more hidden savings tricks you should be using. If you’re not getting every credit you deserve, you’re just leaving money on the table.

  • Safe Driver Discount – Insureds without accidents can pay as much as 50% less than less cautious drivers.
  • E-sign – A handful of insurance companies give back up to $50 simply for signing on their website.
  • No Claims – Claim-free drivers pay less when compared to drivers who are more careless.
  • Federal Government Employee – Simply working for the federal government may qualify you for a discount with select insurance companies.
  • Bundle and Save – When you combine your home and auto insurance with one insurance company you could get a discount of at least 10% off all policies.
  • Seat Belts Save – Buckling up and requiring all passengers to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
  • Early Switch Discount – A few companies offer discounts for switching policies before your current policy expires. It’s a savings of about 10%.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if it’s offered in school.
  • College Student – Children living away from home attending college and don’t have a car may qualify for this discount.
  • Payment Discounts – By paying your policy upfront instead of making monthly payments you could save up to 5%.

A little note about advertised discounts, some credits don’t apply to the entire policy premium. Most only apply to the cost of specific coverages such as liability and collision coverage. So when it seems like having all the discounts means you get insurance for free, you’re out of luck.<img class="alignright" style="padding-top:15px;" src="" alt="West Virginia auto insurance“/>

To choose providers who offer auto insurance discounts in Grafton, click here to view.

Can switching companies really save?

Consumers in West Virginia can’t ignore all the ads for the lowest price auto insurance from companies such as 21st Century, Allstate and State Farm. They all have a common claim of big savings if you move your policy.

How can each company claim to save you money? It’s all in the numbers.

All the different companies can use profiling for the right customer that makes them money. For example, a preferred risk could be over the age of 50, owns a home, and drives less than 10,000 miles a year. A propective insured that hits that “sweet spot” gets the lowest rates and as a result will probably save when switching.

Consumers who are not a match for the “perfect” profile will be charged a higher premium and ends up with the customer not buying. The ads state “customers who switch” not “everyone that quotes” save that much. That is how companies can truthfully make those claims. That is why you absolutely need to get a wide range of price quotes. It’s just too difficult to predict which insurance companies will have the lowest rates.

Additional consumer information websites

More tips and info about auto insurance can be read at the West Virginia Insurance Commission website. Visitors are able to find disaster information, get help finding coverage, and discover disciplinary actions.

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Summing up your auto insurance search

When buying insurance coverage, you should never reduce coverage to reduce premium. There have been many cases where someone sacrificed comprehensive coverage or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase plenty of coverage for the lowest price, not the least amount of coverage.

We just showed you some good ideas how you can lower your auto insurance rates. The key concept to understand is the more providers you compare, the higher the chance of saving money. You may be surprised to find that the lowest priced auto insurance comes from the least-expected company.

Cost effective auto insurance can be sourced both online in addition to many Grafton insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. A few companies do not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.