Price shopping your Holdenville auto insurance is always nearly impossible for people not familiar with online price comparisons. Consumers have so many different companies and agents to choose from that it can turn into a big hassle to find a more affordable company.
It is always a good idea to get comparison quotes before your next renewal because auto insurance prices are adjusted regularly by insurance companies. Just because you had the best price last year there may be better deals available now. Ignore everything you know about auto insurance because we’re going to show you the fastest way to remove unneeded coverages and save money.
Reducing your insurance rates is not rocket science. You just need to take a couple of minutes comparing price quotes online from several insurance companies. Comparing prices online can be done by using one of the methods below.
- The most efficient way to get quotes is an all-inclusive rate comparison like this one (opens in new window). This form keeps you from doing separate quote forms for every auto insurance company. Filling out one form compares rates from several companies. This is perfect if you don’t have a lot of time.
- A more difficult way to analyze rates is to take the time to go to each company’s website to complete their respective quote request forms. For sake of this example, we’ll assume you need rates from Auto-Owners, Geico and Progressive. You would need to navigate to each company’s site and punch in your information repeatedly, and that’s why the first method is more popular. For a list of companies in Holdenville, click here.
Take whichever approach you prefer, but make darn sure you compare apples-to-apples coverages on every price quote you get. If you enter different liability limits you will not be able to determine the best price in Holdenville.
Cheaper Oklahoma auto insurance rates with discounts
Some insurance providers don’t necessarily list every possible discount very well, so here is a list both well-publicized and the harder-to-find credits available to lower your premiums when you . If they aren’t giving you every credit you deserve, you’re paying more than you need to.
- Safety Restraint Discount – Drivers who require all vehicle occupants to buckle up could save 15% on the medical payments or PIP coverage costs.
- Air Bag Discount – Options like air bags and/or automatic seat belt systems can qualify for discounts of 25 to 30%.
- Mature Driver Discount – Drivers that qualify as senior citizens are able to get a small decrease in premiums.
- E-sign Discounts</strong – A few companies may give you up to $50 for buying your policy on the web.
- Employee of Federal Government – Having worked for a branch of the government may qualify for a discount when you with a few auto insurance companies.
- Resident Student – Children who are enrolled in a college that is more than 100 miles from home without a vehicle on campus could qualify for this discount.
- Multiple Vehicles – Buying coverage for primary and secondary vehicles on the same auto insurance policy could earn a price break for each car.
Don’t be surprised that some of the credits will not apply to the entire policy premium. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. So even though they make it sound like you can get free auto insurance, you aren’t that lucky.
A list of auto insurance companies and a partial list of their discounts can be read below.
- State Farm offers premium reductions for good driver, anti-theft, good student, Steer Clear safe driver discount, and passive restraint.
- Liberty Mutual includes discounts for newly married, new move discount, teen driver discount, exclusive group savings, preferred payment discount, safety features, and newly retired.
- American Family may have discounts that include multi-vehicle, defensive driver, early bird, bundled insurance, mySafetyValet, TimeAway discount, and good driver.
- Progressive policyholders can earn discounts including continuous coverage, online quote discount, online signing, multi-vehicle, multi-policy, homeowner, and good student.
- Farmers Insurance has savings for teen driver, distant student, business and professional, bundle discounts, alternative fuel, youthful driver, and multi-car.
- Auto-Owners Insurance offers discounts for good student, group or association, anti-lock brakes, company car, and safe driver.
- SAFECO has discounts for multi-car, homeowner, drive less, anti-lock brakes, teen safety rewards, accident prevention training, and teen safe driver.
When quoting, ask each insurance company which discounts they offer. Some of the earlier mentioned discounts might not be available to policyholders in Holdenville.
Tailor your auto insurance coverage to you
When it comes to choosing proper insurance coverage, there is no cookie cutter policy. Your needs are not the same as everyone else’s.
Here are some questions about coverages that could help you determine if your situation would benefit from professional advice.
- Am I covered by my employer’s commercial auto policy when driving my personal car for business?
- Does my liability insurance cover pulling a trailer or camper?
- Do I need PIP (personal injury protection) coverage in Oklahoma?
- How much liability coverage do I need in Oklahoma?
- Should I buy only the required Oklahoma minimum liability coverage?
- When does my teenage driver need to be added to my policy?
- Are there companies who specialize in insuring high-risk drivers?
- Does my vehicle qualify for pleasure use?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form. It’s fast, doesn’t cost anything and you can get the answers you need.
More information is located on the . Click here for link. Oklahoma consumers can report car insurance fraud, view a list of available companies, and download brochures.
Coverages available on your policy
Knowing the specifics of auto insurance helps when choosing the right coverages and the correct deductibles and limits. Auto insurance terms can be ambiguous and even agents have difficulty translating policy wording.
Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage pays for claims like theft, vandalism, hitting a bird, damage from flooding and hitting a deer. The highest amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.
Collision coverage – Collision coverage will pay to fix damage to your vehicle resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.
Collision coverage protects against things such as sideswiping another vehicle, scraping a guard rail and sustaining damage from a pot hole. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to save money on collision insurance.
Uninsured and underinsured coverage – This coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants and also any damage incurred to your vehicle.
Due to the fact that many Oklahoma drivers only carry the minimum required liability limits (25/50/25), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea. Usually the UM/UIM limits are set the same as your liablity limits.
Auto liability – This provides protection from damage or injury you incur to a person or their property that is your fault. This coverage protects you from claims by other people, and does not provide coverage for damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and property damage coverage for $25,000. Another option is a combined limit that pays claims from the same limit with no separate limits for injury or property damage.
Liability can pay for things such as bail bonds, structural damage and funeral expenses. The amount of liability coverage you purchase is your choice, but buy as high a limit as you can afford. Oklahoma state minimum liability requirements are 25,000/50,000/25,000 but drivers should carry more liability than the minimum.
Coverage for medical payments – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses for prosthetic devices, pain medications and hospital visits. They can be used in conjunction with a health insurance plan or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage
Online plus local equals savings
In this article, we presented many ways to compare auto insurance car insurance rates online. It’s most important to understand that the more companies you get premium rates for, the better likelihood of getting . Drivers may discover the best price on auto insurance is with the smaller companies.
Lower-priced auto insurance is available on the web and from local agencies, so you need to with both to have the best rate selection. Some insurance providers may not offer internet price quotes and many times these small, regional companies only sell through independent agencies.
When buying insurance coverage, it’s a bad idea to reduce coverage to reduce premium. There have been many situations where someone dropped comprehensive coverage or liability limits and discovered at claim time that their decision to reduce coverage ended up costing them more. The ultimate goal is to get the best coverage possible for the lowest price, but do not sacrifice coverage to save money.