High-priced auto insurance can deplete your savings and put the squeeze on your family’s finances. Getting a rate comparison can help to reduce premiums and put more money in your pocket.
Since you have so many options when it comes to auto insurance, it is very difficult to choose the most affordable auto insurance company.
Consumers need to do price comparisons before your next renewal since prices are usually higher with each renewal. Even if you got the best deal at your last renewal the chances are good that you can find a lower rate today. You can search a lot of auto insurance out there, but in just a couple of minutes you can learn the best ways to lower your auto insurance rates.
Finding the best rates in Frankfort is quite easy. If you have insurance now or are shopping for new coverage, you can use this information to get lower rates and possibly find even better coverage. Indiana drivers just need to understand the proper way to buy auto insurance on the web.
The best way to compare rates is to understand most larger insurance companies participate in online systems to compare their rates. To begin a comparison, all you need to do is take a few minutes to give details like whether your vehicle is owned or leased, whether the vehicles are used for commuting, how much you drive, and how much education you have. Your rating data gets transmitted to many of the top insurers and you will receive price estimates quickly.
To compare rates for your car now, click here and complete the form.
Cheaper Frankfort auto insurance rates with discounts
Auto insurance companies do not advertise every disount available in an easy-to-find place, so here is a list a few of the more common and also the lesser-known credits that may apply to you.
- Good Grades Discount – A discount for being a good student can save 20 to 25%. You can use this discount normally up to age 25.
- Renewal Discounts – A few insurance companies offer discounts for switching to them prior to your current policy expiring. This discount can save up to 10%.
- Discount for Home Ownership – Owning a house in Frankfort can earn you a little savings due to the fact that maintaining a home shows financial diligence.
- Paperless Signup – A few larger online companies will give you a small discount just for signing your application on the internet.
- Federal Employees – Active or retired federal employment may qualify for a discount when you with certain companies.
- Safety Course Discount – Taking part in a course teaching defensive driving skills could earn you a small percentage discount if your company offers it.
- Air Bags and Passive Restraints – Vehicles equipped with air bags or automatic seat belts can qualify for discounts up to 30%.
You should keep in mind that some of the credits will not apply to your bottom line cost. Most only cut individual premiums such as physical damage coverage or medical payments. So when it seems like you could get a free auto insurance policy, companies wouldn’t make money that way.
A list of auto insurance companies and a selection of discounts are:
- Travelers includes discounts for multi-policy, multi-car, student away at school, good student, home ownership, and driver training.
- 21st Century has discounts for student driver, theft prevention, automatic seat belts, teen driver, anti-lock brakes, air bags, and good student.
- State Farm may have discounts that include defensive driving training, passive restraint, safe vehicle, anti-theft, multiple policy, and good driver.
- Geico may include discounts for good student, daytime running lights, air bags, seat belt use, and driver training.
- SAFECO has savings for teen safe driver, safe driver, drive less, accident prevention training, multi-car, homeowner, and bundle discounts.
- AAA policyholders can earn discounts including multi-policy, multi-car, good student, education and occupation, pay-in-full, anti-theft, and good driver.
When comparing rates, check with all companies you are considering the best way to save money. Savings may not be available in every state. To choose companies that offer many of these discounts in Frankfort, click here to view.
Captive versus independent auto insurance agents
A lot of people would rather sit down with an agent and that is not a bad decision Agents can answer important questions and help in the event of a claim. One of the great benefits of comparing rate quotes online is you can get lower rates and still choose a local agent.
After completing this form (opens in new window), your information is emailed to companies in Frankfort who will give you quotes for your auto insurance coverage. You won’t need to even leave your home since price quotes are sent to the email address you provide. If you wish to compare prices from one company in particular, just visit that company’s website and fill out their quote form.
Finding the right company shouldn’t rely on just a cheap quote. Get answers to these questions too.
- Do they receive special compensation for putting your coverage with one company over another?
- Do they offer rental car reimbursement?
- How much can you save by raising your physical damage deductibles?
- How will an accident affect your rates?
- How many years have they been established?
- When do they do a full risk review?
The different types of auto insurance agents
If you want to buy auto insurance from a local insurance agency, there are two different types of agencies and how they work. Agents in Frankfort can be described as either independent or captive depending on the company they work for. Both types of agents can insure your vehicles, but it is important to understand why they differ since it can impact which agent you choose.
Captive Agents
These type of agents generally can only insure with one company and examples are Farmers Insurance or State Farm. These agents are unable to provide prices from multiple companies so always compare other rates. Captive insurance agents are highly trained on their products and sales techniques which helps them sell on service rather than price.
The following are Frankfort captive agencies who can help you get price quote information.
Farm Bureau Insurance – 810 Walnut Ave – Frankfort, IN 46041 – (765) 659-4656
Allstate Insurance – 1700 E Wabash St – Frankfort, IN 46041 – (765) 654-8506
American Family Insurance – 403 N Main St – Frankfort, IN 46041 – (765) 659-3127
Shelter Insurance – 54 S Maish Rd – Frankfort, IN 46041 – (765) 654-7028
State Farm Insurance – 1102 E Walnut St – Frankfort, IN 46041 – (765) 654-4840
Independent Auto Insurance Agents
These type of agents often have affiliation with several companies and that allows them to write policies amongst many companies and find the cheapest auto insurance rates. To move your coverage to a new company, your policy is moved internally and you don’t have to switch agencies. If you are trying to find cheaper rates, you will want to get insurance quotes from independent agents to get the most accurate price comparison.
The following are independent agents in Frankfort willing to provide price quote information.
Salmon Insurance – 1001 E Walnut St – Frankfort, IN 46041 – (765) 654-8804
Purcifull Insurance – 1202 S Jackson St – Frankfort, IN 46041 – (765) 654-8501
Calvert Agency – 200 W Washington St – Frankfort, IN 46041 – (765) 654-4512
To view additional auto insurance agents in Frankfort, please link to this list of auto insurance providers in Frankfort.
You are unique and your auto insurance should be too
When buying proper insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions can aid in determining whether or not you may require specific advice.
- Should I put collision coverage on all my vehicles?
- What discounts do I qualify for?
- Am I covered if I crash into my own garage door?
- Why am I required to get a high-risk car insurance policy?
- Do I have coverage when using my vehicle for my home business?
- Do I have coverage if my license is suspended?
- Do I need PIP (personal injury protection) coverage in Indiana?
- What happens if I owe more than my vehicle is worth?
- Do I need higher deductibles?
If you’re not sure about those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and can provide invaluable advice.
Even more information can be found at the Indiana Department of Insurance website. Consumers can report car insurance fraud, find out industry alerts, and find a variety of consumer forms.
The following articles may also be useful.
- 8 Best Tricks to Cut Car Insurance Costs in Frankfort Kentucky
- How to Know Youre Wasting Money for Auto Insurance in Frankfort, KY
Advertising myths
Indiana consumers can’t escape the ads that claim the lowest rates by companies like State Farm, Allstate and Geico. All the ads try to convey promises that people will save if you switch your auto insurance policy to them.
How does every auto insurance company give you a lower rate?
All companies have a certain “appetite” for the type of insured that will generate a profit. A good example of this type of driver may be over the age of 35, is a homeowner, and drives a vehicle with a low ISO rating. Any customer that meets those criteria will probably get the lowest rates and have a good chance to save if they switch.
Insureds who fall outside these standards must pay higher prices which usually ends up with business going elsewhere. The trick is to say “drivers who switch” not “all people who quote” save that kind of money. That is how insurance companies can confidently make claims that they all have the best car insurance rates. Because every company is different, you need to compare price quotes frequently. Because you cannot predict which auto insurance company will have the lowest rates.
Auto insurance 101
Learning about specific coverages of your auto insurance policy aids in choosing appropriate coverage and proper limits and deductibles. Policy terminology can be impossible to understand and reading a policy is terribly boring. These are typical coverage types found on the average auto insurance policy.
Insurance for medical payments – Medical payments and Personal Injury Protection insurance reimburse you for bills for things like pain medications, funeral costs and EMT expenses. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. It covers not only the driver but also the vehicle occupants and also covers being hit by a car walking across the street. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage
Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive insurance covers claims such as fire damage, rock chips in glass and damage from flooding. The highest amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.
Uninsured Motorist or Underinsured Motorist insurance – This gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers carry very low liability coverage limits (Indiana limits are 25/50/10), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage should not be overlooked.
Collision coverage – This coverage covers damage to your vehicle resulting from a collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.
Collision can pay for claims such as sustaining damage from a pot hole, crashing into a building, colliding with another moving vehicle and colliding with a tree. Collision is rather expensive coverage, so consider removing coverage from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.
Liability insurance – This protects you from damage or injury you incur to other’s property or people in an accident. Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which stand for a $25,000 limit per person for injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.
Liability coverage protects against things like legal defense fees, repair bills for other people’s vehicles, funeral expenses, emergency aid and medical expenses. How much liability should you purchase? That is a personal decision, but you should buy as high a limit as you can afford. Indiana requires drivers to carry at least 25,000/50,000/10,000 but it’s recommended drivers buy better liability coverage.
Find cheaper rates by being thorough
While you’re price shopping online, it’s a bad idea to sacrifice coverage to reduce premiums. In many cases, an insured cut liability coverage limits only to regret they didn’t purchase enough coverage. The ultimate goal is to find the BEST coverage at the best possible price, but do not sacrifice coverage to save money.
Throughout this article, we presented a lot of information how to compare auto insurance prices online. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the best prices are with the smaller companies. Smaller companies often have lower rates on specific markets as compared to the big name companies such as Allstate and Progressive.