Tricks for Saving Money on Lowell Massachusetts Auto Insurance Rates

Are you intimidated by the wide range of auto insurance companies in Lowell? Many other consumers are too. There are so many options that it can quickly become a big hassle to locate the lowest price.

Consumers need to do rate comparisons before your policy renews because insurance rates are adjusted regularly by insurance companies. Just because you found the best rates a year ago there may be better deals available now. There is a lot of wrong information about auto insurance online but by reading this article, you’re going to learn some guaranteed methods to buy auto insurance cheaper.

Lower rates by qualifying for discounts

Companies that sell car insurance do not advertise every discount very well, so we break down some of the more common and also the lesser-known ways to save on auto insurance. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Multiple Cars – Buying insurance for all your vehicles on the same auto insurance policy could earn a price break for each car.
  • Own a Home – Owning a house in Lowell may earn you a small savings due to the fact that maintaining a home is proof that your finances are in order.
  • New Vehicle Savings – Adding a new car to your policy can save up to 30% compared to insuring an older model.
  • Claim Free – Claim-free drivers can save substantially compared to frequent claim filers.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you can actually save on your bill.
  • Low Mileage – Keeping the miles down could be rewarded with discounted rates on garaged vehicles.
  • Multiple Policy Discount – If you insure your home and vehicles with the same insurance company you could get a discount of up to 20% off your total premium.

Keep in mind that many deductions do not apply to the entire cost. A few only apply to the cost of specific coverages such as physical damage coverage or medical payments. So despite the fact that it appears all those discounts means the company will pay you, you’re out of luck.

For a list of providers with discount auto insurance rates in Lowell, click here.

Free Quotes for Auto Insurance in Lowell, Massachusetts

There are several ways to compare auto insurance prices and some are less time-consuming than others. You can waste a few hours (or days) talking to insurance companies in Lowell, or you can stay home and use the web to maximize your effort.

Most car insurance companies enroll in a system where insurance shoppers enter their coverage request one time, and at least one company can provide price quotes for coverage. This system prevents you from having to do form submissions for every auto insurance company.

To find out how much you can save on auto insurance click here to start a free quote.

The one downside to using this type of system is you are unable to specify the companies you want pricing from. So if you want to select individual companies to request quotes from, we put together a list of auto insurance companies in Massachusetts. Click here to view list.

Whichever way you use, make sure you use exactly the same information with every price quote. If the quotes have higher or lower deductibles you will not be able to truly determine the lowest rate in Lowell.

Decisions you make can impact your rates

Smart consumers have a good feel for the factors that come into play when calculating the price you pay for auto insurance. Having a good understanding of what impacts premium levels enables informed choices that will entitle you to much lower annual insurance costs.

The list below includes some of the items auto insurance companies consider when setting prices.

  • Men pay higher rates – Statistics have proven women tend to be less risk to insure than men. However, this does not mean men are worse drivers. Women and men cause accidents at a similar rate, but the males have costlier accidents. They also have more aggressive citations such as DWI and reckless driving. Male drivers age 16 to 19 tend to get in the most accidents and thus pay the highest rates.
  • You might want pay the small claims yourself – If you file claims often, you can expect higher rates. Insurance companies in Massachusetts give better rates to policyholders who do not file claims often. Insurance coverage is meant to be used in the event of the bigger claims that can’t be paid out-of-pocket.
  • Do you have enough liability coverage? – Liability coverage is the protection in the event that a court rules you are at fault for damages caused by your negligence. Liability insurance provides legal defense which can cost thousands of dollars. Liability is cheap when compared with rates for comp and collision, so do not cut corners here.
  • Optional equipment can affect rates – Owning a car with anti-theft technology or alarm system can save you a little every year. Theft prevention devices such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems can help prevent your car from being stolen.
  • Clean credit earns discounts – Credit score is a big factor in determining what you pay for auto insurance. If your credit history is lower than you’d like, you could pay less to insure your by improving your rating. Drivers with good credit tend to file fewer claims and have better driving records than drivers with poor credit.

When should I use an insurance agent?

When choosing the right insurance coverage, there really is not a best way to insure your cars. Everyone’s situation is unique.

Here are some questions about coverages that might point out if your situation could use an agent’s help.

  • How much liability do I need to cover my assets?
  • Do I have coverage for damage caused while driving under the influence?
  • Does my medical payments coverage pay my health insurance deductible?
  • Who is covered when they drive my vehicle?
  • How much underlying liability do I need for an umbrella policy?
  • What is high-risk coverage and where do I buy it?
  • Is a new car covered when I drive it off the dealer lot?

If you’re not sure about those questions then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and can help protect your family.

Car Insurance through a local agent

Some consumers would prefer to sit down with an agent and that is a personal choice. Educated insurance agents are trained to spot inefficiencies and give you someone to call. One of the best bonuses of price shopping on the web is the fact that you can find better rates and still have an agent to talk to.

To help locate an agent, after submitting this short form, your insurance coverage information is sent to local insurance agents in Lowell who will compete for your business. You won’t need to visit any agencies as quotes are delivered immediately to your email address. It doesn’t get any easier!

Picking a company requires more thought than just the bottom line cost. Some important questions to ask are:

  • Is vehicle mileage a factor when determining depreciation for repairs?
  • Does the agency have a good rating with the Better Business Bureau?
  • Are claim adjusters local or do you have to take your car somewhere else?
  • Do you have coverage for a rental car if your vehicle is in the repair shop?
  • Does the company allow you to choose your own collision repair facility?
  • How much will you save each year by using a higher deductible?
  • What will you get paid if your car is a total loss? How is that amount determined?

If you prefer to view licensed agents in Lowell, simply jump to this page.

Lowell insurance comparisons

Once you have received positive feedback to all your questions and a good coverage price, it’s possible that you found an provider that is a good match to service your policy.

Smart consumers save more

As you restructure your insurance plan, do not skimp on coverage in order to save money. In many cases, drivers have reduced full coverage to discover at claim time that the small savings ended up costing them much more. Your aim should be to buy the best coverage you can find at the best price.

You just read some good ideas how to save on auto insurance. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may be surprised to find that the lowest priced auto insurance comes from the smaller companies.

Cheaper auto insurance can be found from both online companies in addition to many Lowell insurance agents, and you should compare price quotes from both to get a complete price analysis. There are still a few companies who do not provide online quoting and many times these small, regional companies only sell through independent insurance agents.

Even more information is available at the Massachusetts Division of Insurance website. Massachusetts drivers can find disaster information, view agent and company licensing information, and discover disciplinary actions.