Having to pay for overpriced auto insurance can empty your accounts and make it impossible to make ends meet. Many insurance companies compete for your hard-earned dollar, so it can be very hard to choose a company to discover the definitive best price available.
You should make it a habit to shop coverage around quite often since prices are constantly changing. Just because you found the best price last year you will most likely find a better rate quote today. There is a lot of wrong information about auto insurance online but in just a couple of minutes you can learn the easiest ways to lower your auto insurance rates.
If you currently have a car insurance policy, you should be able to save some money using this strategy. Buying car insurance in Guthrie is not rocket science. But Oklahoma vehicle owners do need to know how the larger insurance companies market on the web.
There are a lot of ways to shop for auto insurance, but some are more efficient than others. You could spend the better part of a day talking to agents in Guthrie, or you could save time and use the internet to get prices fast.
Many popular insurance companies enroll in a system where insurance shoppers enter their policy data once, and every company can provide price quotes based on that information. This saves time by eliminating quotation requests for every auto insurance company. To compare rates now click here to start a free quote.
The only downside to using this type of form is you cannot specify which carriers you want pricing from. If you prefer to choose from a list of companies to receive pricing from, we put together a list of companies who write auto insurance in Oklahoma. Click here for list of insurance companies in Oklahoma.
The approach you take is up to you, just be certain you are entering apples-to-apples information with each company. If you compare different liability limits it’s not possible to decipher which rate is best in Guthrie. Having just a slight variation in insurance coverages can mean a large discrepancy in price. And when price shopping your coverage, comparing more company’s prices will increase your chances of finding the best price. Not every company allows you to get online price quotes, so it’s necessary to compare price estimates from them, too.
Find discounts to get cheap Guthrie auto insurance rates
Car insurance companies don’t always list every disount available in an easy-to-find place, so we took the time to find both the well known in addition to some of the lesser obvious credits that may apply to you. If you do not double check each discount available, you may be paying too high a price.
- No Accidents – Insureds who avoid accidents and claims can save substantially when compared to bad drivers.
- College Student – Children who are enrolled in higher education away from home and do not have a car may be insured at a cheaper rate.
- Defensive Driving Course – Successfully completing a course in safe driver could save 5% or more depending on where you live.
- Discount for Passive Restraints – Options like air bags or automatic seat belts could see savings of 25 to 30%.
- Fewer Miles Equal More Savings – Maintaining low annual mileage could earn lower auto insurancerates on the low mileage vehicles.
- Home Ownership Discount – Owning a home in Guthrie can earn you a little savings since owning and maintaining a home means you have a higher level of financial diligence.
- Telematics Data Discounts – Policyholders that allow driving data collection to monitor driving patterns by installing a telematics device like Allstate’s Drivewise could save a few bucks if they are good drivers.
- Discount for Life Insurance – Some insurance companies give a break if you buy some life insurance too.
- Discounts for New Vehicles – Insuring a new car can be considerably cheaper because new vehicles are generally safer.
- Bundle and Save – If you can combine your homeowners and auto policy and place coverage with the same company you will save as much as 10 to 15 percent.
It’s important to understand that most of the big mark downs will not be given the the whole policy. Most cut the cost of specific coverages such as liability and collision coverage. If you do the math and it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.
If you would like to choose from a list of providers with discount auto insurance rates in Guthrie, follow this link.
The coverage is in the details
Having a good grasp of your auto insurance policy can help you determine the right coverages for your vehicles. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages found on most auto insurance policies.
Comprehensive coverage (or Other than Collision)
Comprehensive insurance coverage will pay to fix 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 protects against claims such as hail damage, hitting a deer, damage from getting keyed, damage from flooding and rock chips in glass. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Collision coverage
Collision insurance pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims such as hitting a mailbox, scraping a guard rail and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also increase the deductible to save money on collision insurance.
Insurance for medical payments
Coverage for medical payments and/or PIP kick in for immediate expenses for things like nursing services, hospital visits, surgery and prosthetic devices. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay
Uninsured Motorist or Underinsured Motorist insurance
Your UM/UIM coverage gives you protection when other motorists do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.
Since a lot of drivers only carry the minimum required liability limits (Oklahoma limits are 25/50/25), their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Usually these limits are identical to your policy’s liability coverage.
Liability
Liability insurance provides protection from damages or injuries you inflict on people or other property by causing an accident. It protects YOU from claims by other people. It does not cover damage to your own property or vehicle.
Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery. Another option is one limit called combined single limit (CSL) which provides one coverage limit with no separate limits for injury or property damage.
Liability insurance covers claims like bail bonds, emergency aid, repair costs for stationary objects, funeral expenses and pain and suffering. How much coverage you buy is up to you, but consider buying as much as you can afford. Oklahoma state law requires minimum liability limits of 25,000/50,000/25,000 but you should consider buying better liability coverage.
Compare but don’t skimp
There are still a few companies who do not provide internet price quotes and usually these small, regional companies only sell through independent agents. Low-cost auto insurance can be purchased from both online companies and from local insurance agents, so compare prices from both to have the best rate selection.
As you prepare to switch companies, it’s very important that you do not sacrifice coverage to reduce premiums. In many cases, an accident victim reduced full coverage only to regret that it was a big error on their part. Your strategy should be to find the BEST coverage at the best cost but still have enough coverage for asset protection.
More information is available on the located here. Visitors are able to download brochures, learn about specific coverages, and find out industry alerts.
Additional helpful sites include this online resource for free quotes in Oklahoma and this list of insurance agents in Guthrie, OK.