New Tricks for Cutting Costs on on Independence Car Insurance

Did you fall for a flashy sales pitch and buy high-priced car insurance? Believe me when I say there are a lot of people in Independence just like you who feel imprisoned by their car insurance policy.

Numerous auto insurance companies battle for your hard-earned dollar, so it can be very hard to choose a insurance company to discover the definitive cheapest price

Car Insurance Prices in Independence, Kentucky

To find the best car insurance prices, there are several ways to compare rate quotes and find the best price. The best method to compare insurance prices involves getting comparison quotes online. This can be accomplished in just a few minutes using one of these methods.

  • Probably the best way to get quotes for comparison is an all-inclusive rate comparison like this one (opens in new window). This method prevents you from having to do separate quotes for each company. In just a few minutes this one form will return price quotes .
  • Another way to find lower rates is to manually visit each individual company website to complete their respective quote request forms. For sake of this example, let’s assume you want comparison quotes from State Farm, Safeco and Farmers. You would have to take the time to go to each site to input your insurance information, and that’s why the first method is more popular. For a list of links to companies insuring cars in Independence, click here.

It’s up to you how you get prices quotes, just make absolute certain that you use the exact same coverages for each price quote. If you enter different liability limits it’s impossible to determine the lowest rate in Independence. Quoting even small variations in coverages can result in a big premium difference. Just remember that getting more free quotes will enable you to find the best price.

Companies offer discounts so take them!

Insuring your vehicles can cost a lot, but companies offer discounts that can drop the cost substantially. Most are applied when you quote, but a few need to be manually applied prior to getting the savings.

  • College Student – Children who are attending college and don’t have a car can receive lower rates.
  • Homeowners Pay Less – Owning a house in Independence may earn you a small savings because owning a home shows financial diligence.
  • One Accident Forgiven – Some insurance companies will forgive one accident without raising rates as long as you don’t have any claims prior to the accident.
  • Organization Discounts – Participating in a qualifying organization is a good way to get lower rates when shopping for car insurance.
  • Discount for Swiching Early – A few companies offer discounts for switching policies prior to your current policy expiring. The savings is around 10%.

As a disclaimer on discounts, most credits do not apply to the overall cost of the policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, it just doesn’t work that way. Any qualifying discounts will cut the cost of coverage.Independence KY car insurance

Smart Consumers Save More

It’s important that you understand the different types of things that help determine your car insurance rates. When you know what positively or negatively controls the rates you pay helps enable you to make changes that may reward you with lower car insurance prices.

  • Allowing your policy to lapse raises rates – Driving your car without having proper coverage is against the law and car insurance companies will penalize you for letting your coverage lapse. And not only will your rates increase, getting caught without coverage can result in a revoked license or a big fine.
  • Credit scores impact car insurance rates – A driver’s credit history is a big factor in your rate calculation. If your credit score is not that good, you could pay less to insure your by spending a little time repairing your credit. Consumers who have good credit tend to be less risk to insure than drivers who have lower credit scores.
  • An active claims history can cost you – Insurance companies in Kentucky generally give better rates to people who are claim-free. If you tend to file frequent claims, you can definitely plan on either a policy non-renewal or much higher rates. Your insurance policy is designed for the large, substantial claims.
  • High crash test scores lower rates – Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles result in less severe injuries and any reduction in injury severity means less money paid by your insurance company and more competitive rates for policyholders.
  • Performance level impacts rates – The make and model of the car you drive makes a big difference in the rate you pay. The lowest base rates are usually for small economy passenger cars, but the final cost of insurance is determined by many other factors.

More information is available on the website for the Kentucky Department of Insurance found here. Consumers can download brochures, read industry bulletins, learn about insurance regulations, and get help finding coverage.

The articles below may also help you learn more about car insurance in Independence

Is there deception in advertising?

Allstate, GEICO and Progressive consistently run television and radio advertisements. All the companies make the same claim that you can save if you change your policy. But how can every company make the same claim?

All companies are able to cherry pick for the type of driver they prefer to insure. A good example of a preferred risk could possibly be a mature driver, has no tickets, and drives less than 10,000 miles a year. A driver who fits that profile will get very good rates and is almost guaranteed to pay quite a bit less when switching companies.

Consumers who do not match this ideal profile will have to pay higher prices and ends up with business going elsewhere. Company advertisements say “customers that switch” but not “drivers who get quotes” save that kind of money. That is how companies can make the claims of big savings.

Because of the profiling, drivers should compare many company’s rates. You cannot predict the company that will give you the biggest savings.

Affordable insurance is out there

As you restructure your insurance plan, do not skimp on coverage in order to save money. There are many occasions where someone sacrificed liability coverage limits and found out when filing a claim that the small savings ended up costing them much more. The proper strategy is to get the best coverage possible at an affordable rate while not skimping on critical coverages.

Cheaper car insurance is attainable online and with local Independence insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies do not offer the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.