New Techniques for Cutting Costs on on Madisonville Car Insurance

Tired of not being able to afford to pay your car insurance bill each month? Your situation is no different than many other Kentucky consumers. Big-name insurance companies like GEICO, 21st Century and Progressive continually hit you with ad campaigns and it is difficult to see past the corporate glitz and do the work needed to find the best deal.

Smart Buyers can Save Money

An important part of buying insurance is that you know the different types of things that help determine car insurance rates. Having a good understanding of what determines base rates helps enable you to make changes that will entitle you to better car insurance rates.

The following are some of the items that factor into prices.

  • With age comes lower rates – Teenage drivers in Kentucky have a tendency to be careless and easily distracted behind the wheel so car insurance rates are higher. Adding a teenage driver to your car insurance policy can really hurt. Older drivers are more cautious drivers, tend to cause fewer accidents and are safer drivers.
  • Your credit rating is important – Credit history is a big factor in determining what you pay for car insurance. If your credit history is not that good, you could potentially save money when insuring your by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.
  • Don’t cancel a policy without a new one in place – Driving with no insurance is a misdemeanor and your next policy will cost more because you let your coverage have a gap. Not only will you pay more, but not being able to provide proof of insurance can result in a hefty fine and possibly a revoked license.
  • Add-on coverages can add up – There are quite a few additional coverages you can purchase when buying car insurance. Coverages like personal injury protection, better glass coverage and motor club memberships are some examples. They may seem like a good idea when you first buy your policy, but if you don’t need them get rid of them and save.

Low Cost Madisonville Car Insurance

There are several ways to compare car insurance quotes, and some are less time-consuming than others. You can waste hours discussing policy coverages with agents in Madisonville, or you could use the web to get the quickest rates.

Many of the larger companies are enrolled in a marketplace that allows shoppers to enter their coverage request one time, and at least one company returns a rated price determined by their information. This system prevents you from having to do repetitive form submissions for each company. To compare pricing click to open in new window.

The one disadvantage to comparing rates this way is buyers cannot specifically choose which companies you want pricing from. So if you want to select from a list of companies to compare, we have a listing of car insurance companies in Kentucky. Click here to view list.

It’s up to you which method you use, but make darn sure you compare the exact same coverage limits and deductibles on every quote. If you have different limits and deductibles on each one it will be very difficult to determine the best price in Madisonville.

The car insurance bait and switch

Consumers in Kentucky can’t get away from ads for car insurance savings by companies like Allstate and Progressive. All the ads say the same thing of big savings if you change to them.

But how can every company claim to save you money? It’s all in the insurance image

All the different companies have a certain “appetite” for the right customer that earns them a profit. A good example of a preferred risk could be over the age of 50, insures multiple vehicles, and has excellent credit. A customer that hits that “sweet spot” gets the lowest rates and is almost guaranteed to save a lot of money.

Drivers who don’t meet the requirements will be quoted higher rates and ends up with business not being written. Company advertisements say “people who switch” not “everybody who quotes” save that kind of money. That’s the way insurance companies can confidently advertise the savings. This emphasizes why it’s extremely important to get as many comparisons as possible. Because you never know the company that will fit your personal profile best.

More discounts equal less premium

Companies offering auto insurance don’t always publicize all available discounts very clearly, so here is a list some of the more common and also the lesser-known car insurance savings. If you’re not getting every credit possible, you are throwing money away.

  • Discount for New Cars – Putting insurance coverage on a new car can cost up to 25% less due to better safety requirements for new cars.
  • Seat Belt Usage – Drivers who require all occupants to wear their seat belts can save up to 15% off the personal injury premium cost.
  • No Accidents – Drivers who don’t have accidents can earn big discounts when compared to drivers who are more careless.
  • Early Switch Discount – Select companies give a discount for buying a policy prior to your current policy expiration. It’s a savings of about 10%.
  • Federal Government Employee – Active or retired federal employment could cut as much as 10% off depending on your company.
  • Anti-lock Brake System – Anti-lock brake equipped vehicles are safer to drive and earn discounts up to 10%.
  • One Accident Forgiven – A few companies allow you one accident without raising rates if your claims history is clear for a certain period of time.
  • Resident Student – Any of your kids living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Passive Restraints – Vehicles equipped with air bags or automatic seat belts can qualify for discounts of more than 20%.

It’s important to understand that most discount credits are not given to the overall cost of the policy. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though they make it sound like it’s possible to get free car insurance, you won’t be that lucky.

For a list of providers with the best car insurance discounts in Kentucky, click here to view.

Neighborhood insurance agents

Some people just want to talk to a local agent. Licensed agents can point out coverage gaps and help file insurance claims. One of the best bonuses of getting online price quotes is the fact that you can find lower rates but also keep your business local.

After completing this form (opens in new window), the coverage information is emailed to insurance agents in Madisonville who will battle for your business. You won’t need to even leave your home because quoted prices will be sent immediately to your email address. It doesn’t get any easier!

Deciding on an provider shouldn’t rely on just a cheap price. Some important questions to ask are:

  • Who is covered by the car insurance policy?
  • How many years of experience in personal lines insurance coverages do they have?
  • Do they review policy coverages at every renewal?
  • Which insurance companies are they affiliated with?
  • If your car is totalled, how to they determine the replacement cost?
  • Will vehicle repairs be made with aftermarket parts or OEM replacement parts?

Below are agents in Madisonville that may be willing to give comparison quotes.

car insurance image

Jackson Insurance – 171 Oates St, Madisonville, KY 42431 – (270) 821-3202
State Farm Insurance – 1150 Thornberry Dr, Madisonville, KY 42431 – (270) 821-1744
First Choice Insurance Group – 614 E Arch St, Madisonville, KY 42431 – (270) 821-8378
Farm Bureau Insurance – 585 Nebo Rd, Madisonville, KY 42431 – (270) 821-5887
Allstate Insurance – 671 E Arch St, Madisonville, KY 42431 – (270) 821-1007

After receiving good answers and an affordable coverage quote, it’s possible that you found an insurer that is a good match to properly insure your vehicles.

More tips and info about car insurance can be found at the Kentucky Department of Insurance website. Consumers can read enforcement actions against agents and companies, read industry bulletins, view agent and company licensing information, and download brochures.

In conclusion

Lower-priced car insurance is attainable online and also from your neighborhood Madisonville agents, so you should compare both to get a complete price analysis. There are still a few companies who may not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

When trying to cut insurance costs, you should never buy lower coverage limits just to save a few bucks. In many instances, an insured dropped collision coverage and discovered at claim time they didn’t purchase enough coverage. Your goal should be to buy a smart amount of coverage at the best price.