Is Your South Burlington Car Insurance Too High? Here is How to Save Money

Consumers not familiar with comparing insurance rates online could find shopping for cut-rate South Burlington car insurance to be a formidable task.

Don’t miss out on these money-saving discounts

Companies that sell car insurance do not list all available discounts in a way that’s easy to find, so we break down both the well known and the more hidden ways to save on car insurance. If you aren’t receiving every discount available, you’re paying more than you need to.

  • Paperwork-free – A handful of insurance companies will give a small break for buying your policy online.
  • Defensive Driver – Taking part in a course in driver safety could cut 5% off your bill if you qualify.
  • Air Bag Discount – Factory air bags or automatic seat belts can get savings of 20% or more.
  • Anti-lock Brakes – Anti-lock brake equipped vehicles prevent accidents and qualify for as much as a 10% discount.
  • Safe Driver Discount – Drivers who don’t get into accidents can get discounts for up to 45% lower rates than less cautious drivers.

A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. So even though it sounds like all those discounts means the company will pay you, you’re out of luck.

To see a list of providers with the best car insurance discounts in Vermont, follow this link.

Do I need special coverages?

When it comes to choosing proper insurance coverage, there really is no perfect coverage plan. Each situation is unique.

For instance, these questions may help you determine if you might need professional quote South Burlington VT

  • Should I buy only the required Vermont minimum liability coverage?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Can I afford to pay high deductible claims out of pocket?
  • Am I covered by my spouse’s policy after a separation?
  • Is pleasure use cheaper than using my vehicle to commute?
  • Do I need added coverage for expensive stereo equipment?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Who is covered when they drive my vehicle?
  • Is business equipment covered while in my vehicle?
  • How high should my uninsured/underinsured coverage be in Vermont?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and can help protect your family.

Don’t be fooled by advertising claims

Vermont drivers get pounded daily by advertisements that promise big savings by Progressive, Allstate and GEICO. They all seem to have a common claim of big savings if you change to their company.

How does each company say the same thing?

All the different companies have a certain “appetite” for the right customer that is profitable for them. A good example of a desirable insured could possibly be between 25 and 40, owns a home, and drives less than 10,000 miles a year. A customer getting a price quote who matches those parameters will get the preferred rates and is almost guaranteed to save when switching.

Potential customers who do not match these standards must pay a higher premium and ends up with business not being written. Company advertisements say “people who switch” but not “drivers who get quotes” save that much. This is how companies can make the claims of big savings. This illustrates why drivers should compare as many rates as you can. It’s just too difficult to predict which insurance companies will fit your personal profile best.

Additional detailed information can be found at the Vermont Department of Financial Regulation website. Consumers can view a list of available companies, read consumer alerts, and read state legal mandates and laws.

And the best car insurance company is…

When shopping online for car insurance, don’t be tempted to buy lower coverage limits just to save a few bucks. In many cases, drivers have reduced uninsured motorist or liability limits only to regret at claim time that the savings was not a smart move. Your strategy should be to purchase a proper amount of coverage at an affordable rate while still protecting your assets.

In this article, we presented many tips how you can compare car insurance prices online. It’s most important to understand that the more companies you get rates for, the better your chances of lowering your rates. You may even find the biggest savings come from a smaller regional carrier.

Cheaper car insurance can be bought from both online companies and with local South Burlington insurance agents, so you should compare both so you have a total pricing picture. Some insurance companies do not offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.