No one looks forward to buying car insurance, especially knowing their premiums are too high.
Lots of auto insurance companies contend for your hard-earned dollar, so it can be very hard to choose a company to get the best price available.
If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using these techniques. Finding the best rates in Moorhead is not rocket science. Although Minnesota consumers do need to understand the way insurance companies market insurance on the web because it can help you find the best coverage.
Companies that sell car insurance do not advertise all their discounts very clearly, so we researched some of the best known as well as the least known discounts you could be receiving.
A little note about advertised discounts, most discounts do not apply to your bottom line cost. A few only apply to specific coverage prices like physical damage coverage or medical payments. So when the math indicates all the discounts add up to a free policy, you won’t be that lucky.
There are several ways to compare quotes and find the best price. The best method to find the lowest rates is simply to get online rate quotes. This can be accomplished in just a few minutes using one of these methods.
The easiest and least time consuming way to find the lowest comparison rates would be an industry-wide quote request form like this one (opens in new window). This method prevents you from having to do multiple quote forms for every car insurance company. One quote request will return price quotes direct from many companies.
A harder way to compare prices requires visiting each company’s website to complete a price quote. For instance, we’ll assume you want to compare rates from GEICO, Progressive and State Farm. To get rate quotes you would need to visit each site to enter your coverage information, which is why the first method is more popular.
For a handy list of car insurance company links in Moorhead, click here.
It’s up to you which method you use, but ensure you’re using the exact same coverage limits for each comparison quote. If your comparisons have mixed coverages it will be next to impossible to determine the best price in Moorhead. Having just a slight variation in limits may cause a big price difference. Keep in mind that comparing more company’s prices helps locate a lower rate.
Consumers need to have an understanding of the different types of things that come into play when calculating the rates you pay for car insurance. Knowing what controls the rates you pay helps enable you to make changes that will entitle you to much lower annual insurance costs.
Car insurance providers like Allstate and Progressive continually stream ads on television and other media. They all make an identical promise that you’ll save big after switching to them. How do they all claim to save you money?
Different companies have a certain “appetite” for the driver that is profitable for them. An example of a preferred risk could be between the ages of 30 and 50, owns a home, and has a high credit rating. Any new insured who meets those qualifications receives the best rates and is almost guaranteed to save quite a bit of money when switching.
Potential customers who do not match these standards will be quoted higher rates and ends up with the customer not buying. The ad wording is “drivers who switch” not “everyone that quotes” save that kind of money. This is how companies can advertise the savings. This emphasizes why drivers must get as many quotes as possible. It’s just too difficult to predict the company that will provide you with the cheapest rates.
When buying insurance coverage, you should never reduce needed coverages to save money. In too many instances, an accident victim reduced uninsured motorist or liability limits only to discover later that the savings was not a smart move. The aim is to get the best coverage possible for the lowest price, not the least amount of coverage.
Discount car insurance can be purchased from both online companies as well as from independent agents in Moorhead, so you should compare both so you have a total pricing picture. Some car insurance companies don’t offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.
Even more information is located at the Minnesota Department of Commerce website. Minnesota consumers can read state legal mandates and laws, find a variety of consumer forms, read enforcement actions against agents and companies, and discover disciplinary actions.