Did you fall for a flashy sales pitch and buy overpriced car insurance? Trust us, you’re not alone. There is such a variety of auto insurance companies to insure vehicles with, and even though it’s nice to have a selection, having more auto insurance companies makes it harder to find the lowest rates.
Smart consumers take time to check car insurance prices occasionally due to the fact that insurance rates are usually higher with each renewal. If you had the best price six months ago a different company probably has better rates today. Forget anything you know (or think you know) about car insurance because you’re about to find out the best methods to find the best coverage while lowering your premiums.
Smart consumers have a good feel for some of the elements that come into play when calculating the rates you pay for car insurance. When you know what positively or negatively influences your rates allows you to make educated decisions that may reward you with better car insurance rates.
The list below includes some of the items companies use to determine rates.
All the larger car insurance companies like State Farm, GEICO and Progressive quote price estimates on the web. Getting quotes is fairly simple as you simply type in your required coverages into a form. After you complete the form, the system makes automated requests for information on your driving record and credit history and gives you a price quote determined by many factors. Being able to quote online makes it a lot easier to compare rates but the time it takes to visit different websites and fill out multiple forms is repetitive and time-consuming. Unfortunately, it is important to get many rate quotes if you are searching for better car insurance pricing.
An easier way to lower your rates requires only one form to return rates from more than one company. It’s a real time-saver, requires much less work on your part, and makes online quotes a little more enjoyable. Immediately after submitting the form, it is quoted with multiple companies and you can pick any of the resulting price quotes.
If the quotes result in lower rates, you simply finish the application and purchase coverage. The whole process takes less than 15 minutes and you will find out if you’re overpaying now.
To save time and fill out one form to compare multiple rates now, simply click here to open in new window and enter your vehicle and coverage information. If you have coverage now, it’s recommended that you enter deductibles and limits just like they are on your policy. Doing this guarantees you will be getting a fair comparison based on the exact same insurance coverage.
Consumers can’t get away from ads for the lowest price auto insurance by State Farm, GEICO and Progressive. They all seem to make an identical promise about savings if you move to their company.
How can each company make the same claim? It’s all in the numbers.
Different companies have a certain “appetite” for the type of customer that is profitable for them. A good example of a profitable customer might be profiled as between the ages of 40 and 55, a clean driving record, and has excellent credit. A propective insured who fits that profile will get the preferred rates and most likely will save when switching.
Potential insureds who are not a match for this ideal profile will have to pay higher rates which usually ends up with the customer not buying. The ad wording is “drivers who switch” not “everybody who quotes” save money. That’s why insurance companies can state the savings.
Because of the profiling, drivers should compare many company’s rates. You cannot predict which company will provide you with the cheapest rates.
Car insurance is not cheap, but discounts can save money and there are some available to reduce the price significantly. Larger premium reductions will be automatically applied at quote time, but some must be specifically requested before they will apply. If you don’t get every credit you deserve, you’re just leaving money on the table.
Consumers should know that some credits don’t apply to your bottom line cost. A few only apply to specific coverage prices like medical payments or collision. So when the math indicates you could get a free car insurance policy, car insurance companies aren’t that generous. But any discount will cut the amount you have to pay.
To see a list of providers offering car insurance discounts in Bartlesville, click here.
Much more information about car insurance in Oklahoma is located on the website for the Oklahoma Insurance Department found here. Oklahoma consumers can file complaints about a company, learn about insurance regulations, discover disciplinary actions, and find disaster information.
You just learned many ideas to compare car insurance prices online. The key concept to understand is the more times you quote, the higher your chance of finding lower rates. Drivers may discover the most savings is with the least-expected company. These companies may have significantly lower rates on certain market segments compared to the large companies like State Farm, GEICO and Nationwide.
Cost effective car insurance is available both online in addition to many Bartlesville insurance agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who do not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.