Are you overwhelmed by the sheer number of car insurance company choices in Paragould? You’re not the only one! Consumers have so many choices that it can quickly become a real challenge to find the best price.
The purpose of this article is to help you learn the most effective way to quote insurance. If you have car insurance now, you stand a good chance to be able to reduce your rates substantially using this information. But Arkansas vehicle owners should learn how companies determine prices and use this information to your advantage.
Paragould Car Insurance Prices Online
There are multiple methods to compare car insurance prices but some are easier and takes less work. You can waste a lot of time driving to insurance agencies in Paragould, or you could save time and use the internet to get pricing more quickly.
Most of the best insurance companies participate in an industry program where prospective buyers complete one form, and at least one company then returns a price quote. This eliminates the need for form submissions for every car insurance company.
To use this form to compare rates click here (opens in new window).
The one disadvantage to using this type of system is that consumers can’t choose the companies to receive prices from. So if you want to choose individual companies to request quotes from, we have assembled a list of companies who write car insurance in Arkansas. Click to view list.
It’s up to you how you get prices quotes, just double check that you are using apples-to-apples coverages and limits with each company. If you compare mixed coverages you will not be able to determine the best price in Paragould. Slightly different coverages can result in a big premium difference. Just remember that comparing a large number of companies helps you find the best rates.
Are you getting all your discounts?
The price of auto insurance can be rather high, but discounts can save money and there are some available that you may not know about. Most are applied at the time of purchase, but some may not be applied and must be manually applied prior to receiving the credit.
- Early Switch Discount – Some companies give discounts for signing up before your current policy expires. It’s a savings of about 10%.
- Defensive Driving Course – Successfully completing a defensive driving course could possibly earn you a 5% discount depending on where you live.
- Use Seat Belts – Drivers who require all occupants to buckle their seat belts can save up to 15% off your PIP or medical payments premium.
- Student in College – Kids in college who are attending college and don’t have a car can receive lower rates.
- Good Student – Performing well in school can save 20 to 25%. This discount can apply up until you turn 25.
Keep in mind that most of the big mark downs will not be given the the whole policy. The majority will only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like you would end up receiving a 100% discount, it doesn’t quite work that way. But any discount will reduce the amount you have to pay.
For a list of providers who offer car insurance discounts in Paragould, click this link.
What about my local Paragould agents?
A small number of people would rather sit down with an agent and that is just fine! One of the best bonuses of comparing rates online is you can get the best rates and still choose a local agent. Supporting small agencies is important especially in Paragould.
After completing this form (opens in new window), the quote information is instantly submitted to local insurance agents who will return price quotes to get your business. You never need to leave your computer since price quotes are sent to your email. How’s that for easy! You can find the lowest rates AND a local agent.
The following are agents in Paragould that may be willing to give rate quotes.
- Farmers Insurance Group – 103 Center Hill Plz, Paragould, AR 72450 – (870) 239-2588
- Mike Harvey Insurance – 603 N 14th St, Paragould, AR 72450 – (870) 240-8800
- Allstate Insurance Co – 4500 W Kingshighway, Paragould, AR 72450 – (870) 236-2901
- Bill Holmes Insurance – 521 W Kingshighway, Paragould, AR 72450 – (870) 239-2155
To view a complete directory of Paragould insurance agents, visit this link.<img class="alignright" style="padding-top:15px" src="https://www.carinsurancediy.com/wp-content/uploads/ci175-20.jpg" alt="Paragould Arkansas insurance quotes” />
Deciding on an insurer requires more thought than just the premium amount. Any agent should be forthright in answering these questions:
- Are you getting all the discounts the company offers?
- How long has their agency been open in Paragould?
- How many years of experience in personal lines insurance coverages do they have?
- How are they compensated?
- How much will you save each year by using a higher deductible?
Upon receiving acceptable answers for all questions you ask and locked in a price quote, it’s possible that you found an provider that will insure your vehicles.
Misconceptions in car insurance advertisements
Car insurance companies such as Allstate and Progressive consistently run ads on television and other media. They all seem to have a common claim that you can save if you change to their company. How does each company make the same claim? This is how they do it.
Different companies have a certain “appetite” for the type of customer that is profitable for them. For example, a driver they prefer might be between 30 and 50, has no prior claims, and drives less than 7,500 miles a year. A propective insured who matches those parameters gets the lowest rates and most likely will save quite a bit of money when switching.
Potential customers who are not a match for the “perfect” profile must pay higher premiums which usually ends up with business not being written. Company advertisements say “customers who switch” not “everyone that quotes” save that kind of money. This is how companies can truthfully make those claims.
This illustrates why drivers should get as many comparisons as possible. It is impossible to predict the company that will have the lowest rates.
Coverage specifics
Knowing the specifics of your policy can be of help when determining which coverages you need and the correct deductibles and limits. Car insurance terms can be impossible to understand and even agents have difficulty translating policy wording.
Auto collision coverage
This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.
Collision insurance covers claims like rolling your car, driving through your garage door, hitting a mailbox and colliding with another moving vehicle. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. You can also bump up the deductible in order to get cheaper collision rates.
Liability coverages
Liability insurance provides protection from damages or injuries you inflict on a person or their property in an accident. This insurance protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.
It consists of three limits, bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Another option is a combined single limit or CSL which limits claims to one amount with no separate limits for injury or property damage.
Liability coverage pays for things such as medical expenses, funeral expenses and legal defense fees. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford. Arkansas requires minimum liability limits of 25,000/50,000/25,000 but you should consider buying more liability than the minimum.
Uninsured and underinsured coverage
This coverage gives you protection when other motorists either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your vehicle.
Since a lot of drivers only purchase the least amount of liability that is required (Arkansas limits are 25/50/25), it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is a good idea. Normally these coverages do not exceed the liability coverage limits.
Comprehensive coverages
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive can pay for claims such as rock chips in glass, a broken windshield, hitting a bird and theft. The most your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much consider dropping full coverage.
Coverage for medical payments
Medical payments and Personal Injury Protection insurance kick in for immediate expenses like doctor visits, prosthetic devices, funeral costs, ambulance fees and dental work. They can be used in conjunction with a health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants and will also cover any family member struck as a pedestrian. PIP coverage is not universally available and may carry a deductible
Smart shoppers get results
In this article, we presented a lot of tips how to reduce car insurance prices online. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. You may be surprised to find that the biggest savings come from an unexpected company.
Consumers change insurance companies for a variety of reasons including high prices, high rates after DUI convictions, questionable increases in premium or even unfair underwriting practices. It doesn’t matter why you want to switch choosing a new company is not as difficult as it may seem.
While you’re price shopping online, you should never skimp on coverage in order to save money. In many cases, an insured cut uninsured motorist or liability limits only to discover later that the small savings ended up costing them much more. The ultimate goal is to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.
More sites with car insurance information
Much more information about car insurance in Arkansas can be read on the Arkansas Insurance Department website located here. Arkansas consumers can read consumer alerts, file complaints about a company, file complaints about an insurance agent or broker, and find out which companies have the most complaints.