Overpriced car insurance can dwindle your personal savings and make it hard to pay other bills. Comparison shopping is free and is an excellent way to cut your insurance bill. Big companies like State Farm, Progressive and GEICO promote their brand names with fancy advertisements and consumers find it hard to ignore the promise of big savings and effectively compare rates to find the best deal.
It’s a good idea to compare prices at least once a year because rates are adjusted regularly by insurance companies. Even if you got the best deal two years ago the chances are good that you can find a lower rate today. Forget all the misinformation about car insurance because you’re about to find out the right way to lower your rates without sacrificing coverage.
If you have insurance now or are just looking to switch companies, you can learn to shop for the lowest rates while maintaining coverages. Buying car insurance in Springfield is not rocket science. Oregon drivers just need to learn the proper way to get comparison quotes online.
Companies don’t always advertise all their discounts very clearly, so we researched some of the more common as well as the least known discounts you could be receiving. If you’re not getting every credit you qualify for, you’re paying more than you need to.
A little note about advertised discounts, most discounts do not apply to the overall cost of the policy. A few only apply to individual premiums such as liability and collision coverage. So even though they make it sound like you would end up receiving a 100% discount, you’re out of luck.
Consumers need to have an understanding of the factors that play a part in calculating the rates you pay for car insurance. When you know what positively or negatively influences your rates allows you to make educated decisions that could result in much lower annual insurance costs.
Shown below are some of the items companies use to determine premiums.
Oregon drivers constantly see and hear ads for cheaper car insurance from the likes of 21st Century, Allstate and State Farm. All the companies make an identical promise that you’ll save big if you change your coverage to them.
How can each company say the same thing?
Insurance companies have a certain “appetite” for the type of customer that makes them money. For instance, a driver they prefer could possibly be over the age of 40, insures multiple vehicles, and has a short commute. A customer getting a price quote that hits that “sweet spot” is entitled to the best price and therefore will pay quite a bit less when switching companies.
Consumers who do not match this ideal profile must pay a more expensive rate and this can result in the customer not buying. The ads state “customers who switch” but not “drivers who get quotes” save money. That is how insurance companies can state the savings. This illustrates why you need to get as many quotes as possible. It’s impossible to know which company will have the lowest rates.
Additional detailed information is available at the Oregon Insurance Division website. Visitors are able to view a list of available companies, read consumer alerts, read industry bulletins, and get help finding coverage.
The articles below may also help you learn more about car insurance in Springfield
Low-cost car insurance can be found online and with local Springfield insurance agents, and you need to price shop both to have the best chance of lowering rates. There are still a few companies who do not offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.
We just presented quite a bit of information on how to save on car insurance. It’s most important to understand that the more providers you compare, the better chance you’ll have of finding lower rates. Drivers may discover the lowest premiums are with a lesser-known regional company. They may often insure only within specific states and give getter rates as compared to the big name companies such as Allstate, GEICO and Progressive.