Is Your Lawrence, MA Auto Insurance Leaving a Hole in Your Pocket?

Feel like you’re a prisoner to high-priced auto insurance? Trust us, many Lawrence consumers feel financially strained by their auto insurance policy. You have multiple insurance companies to buy insurance from, and though it is a good thing to have a choice, too many choices makes it more difficult to compare company pricing.

This article will help you learn the most effective way to quote insurance and some tricks to saving. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this strategy. Massachusetts consumers only need an understanding of the most efficient way to shop for auto insurance online.

Don’t overlook these discounts

The cost of insuring your cars can be expensive, but you may find discounts to help offset the cost. A few discounts will automatically apply when you purchase, but some may not be applied and must be specifically requested before being credited. If you don’t get every credit available, you’re paying more than you need to.

  • Payment Discounts – If paying your policy premium upfront instead of making monthly payments you could save up to 5%.
  • Multiple Cars – Having all your vehicles on the same auto insurance policy may reduce the rate for each vehicle.
  • Organization Discounts – Affiliation with certain professional organizations may earn a discount when buying auto insurance.
  • Braking Control Discount – Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
  • No Accidents – Claim-free drivers can save substantially when compared to frequent claim filers.
  • Use Seat Belts – Buckling up and requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.

A little note about advertised discounts, most discount credits are not given to the entire cost. Most only apply to individual premiums such as comprehensive or collision. Just because you may think you can get free auto insurance, it just doesn’t work that way. But all discounts will bring down your overall premium however.

To choose companies with discount auto insurance rates in Massachusetts, follow this link.

Automobile Insurance Quotes in Lawrence, Massachusetts

Getting a cheaper price on insurance is surprisingly easy. Consumers just need to take a few minutes comparing price quotes provided by online insurance companies. This can be done using a couple different methods.

  1. One of the best ways to get quotes is an all-inclusive rate comparison click to view form in new window. This method eliminates the need for separate quotes to each individual auto insurance company. Filling out one form compares rates from several companies.
  2. A more time consuming way to compare prices requires you to visit each company’s website and request a quote. For instance, let’s assume you want rates from GEICO, Esurance and State Farm. To find out each rate you need to take the time to go to each site and enter your policy data, which is why the first method is more popular. To view a list of companies in Lawrence, click here.

It’s up to you which method you use, but ensure you’re using apples-to-apples coverage limits and deductibles for every company. If you are comparing unequal deductibles or liability limits you can’t possibly determine the best price in Lawrence.Massachusetts car insurance quote

Tips to Get Lower Lawrence Rates

It’s important that you understand the factors that play a part in calculating your auto insurance rates. When you know what positively or negatively influences your rates enables informed choices that can help you get big savings.

Shown below are some of the items auto insurance companies consider when setting your rates.

  • An active claims history can cost you – If you file claims often, you can look forward to either higher rates or even cancellation. Car insurance companies in Massachusetts provide cheaper rates to policyholders who are claim-free. Car insurance is meant to be used in the event of larger claims.
  • Protect your assets with liability insurance – Liability insurance provides coverage if you are found liable for personal injury or accident damage. It provides for a legal defense which can be incredibly expensive. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so do not cut corners here.
  • Is your vehicle built for speed? – The performance of the car you own makes a huge difference in the rate you pay. Lower performance four cylinder passenger vehicles generally have the cheapest insurance rates, but there are many factors that impact the final cost.
  • Where you live can impact rates – Living in small towns and rural areas has it’s advantages when it comes to auto insurance. Drivers in populated areas tend to have congested traffic and longer commutes to work. Lower population translates into fewer accidents as well as less vandalism and auto theft.
  • Careful drivers pay lower rates – Just one ticket can increase rates twenty percent or more. Good drivers tend to pay less for car insurance than people who have multiple driving citations. Drivers who have severe citations such as DWI, reckless driving or hit and run convictions may need to submit a SR-22 form with the DMV in their state in order to drive a vehicle legally.
  • Sex matters – Statistics show that women are safer drivers than men. However, don’t assume that men are WORSE drivers than women. Men and women tend to get into accidents in similar numbers, but the male of the species cause more damage and cost insurance companies more money. Men also tend to get cited for more serious violations like DUI and reckless driving.
  • Do you need those extra coverages? – There are a lot of additional coverages that you can buy if you aren’t careful. Insurance for roadside assistance, towing coverage and term life insurance may be wasting your money. These coverages may sound good when you first buy your policy, but if they’re wasting money eliminate the coverages to reduce your premium.

Switch companies and save? Really?

Consumers constantly see and hear ads that promise big savings by Progressive, Allstate and GEICO. All the companies say the same thing about savings after switching to their company.

But how can every company make the same claim? This is how they do it.

Insurance companies have a preferred profile for the driver that makes them money. For instance, a driver they prefer might be over the age of 40, is a homeowner, and has a high credit rating. A customer getting a price quote who fits that profile will get very good rates and as a result will probably save a lot of money.

Potential insureds who fall outside this ideal profile will be charged higher premiums and this can result in business going elsewhere. The ads state “customers who switch” not “everyone that quotes” save that much. That’s why insurance companies can make the claims of big savings.

That is why you need to get a wide range of price quotes. You cannot predict which insurance companies will have the lowest rates.

Massachusetts car insurance quote

Smart shoppers get results

Throughout this article, we presented a lot of ways to save on auto insurance. The key thing to remember is the more rate quotes you have, the more likely it is that you will get a better rate. You may be surprised to find that the lowest premiums are with a small mutual company. They may only write in your state and offer lower rates than the large multi-state companies such as Progressive or GEICO.

As you restructure your insurance plan, make sure you don’t buy lower coverage limits just to save a few bucks. In too many instances, an insured cut liability coverage limits only to discover later they didn’t purchase enough coverage. Your focus should be to buy the best coverage you can find at the best price while not skimping on critical coverages.

More consumer information in Massachusetts

Additional information is located on the website for the Massachusetts Division of Insurance through this link. Visitors are able to download brochures, view a list of available companies, learn about insurance regulations, and read industry bulletins.

Other related articles: