Are you baffled by the crazy number of auto insurance sources in your area? You’re not alone. Vehicle owners have such a vast assortment of sources available that it can turn into a lot of work to find the perfect company for you. If you live there, you know that Homedale has many things to offer, but the high premiums for auto insurance can make it hard for many residents to affordably insure vehicles.
The best way to compare insurance rates from multiple companies is to take advantage of the fact car insurance companies participate in a system to give rate comparisons. To start a quote, the only thing you need to do is give the companies some data like daily mileage, how much school you completed, whether the vehicles are used for commuting, and deductibles desired. Your rating data is then sent to insurance carriers in your area and they return quotes very quickly.
Why informed drivers pay lower rates in Homedale
Part of the auto insurance buying process is learning the rating factors that go into determining your premiums. If you have a feel for what determines base rates, this helps enable you to make changes that may reward you with much lower annual insurance costs.
The itemized list below are some of the most rate-impacting factors companies use to determine your premiums.
- Save money by having multiple policies – Most major auto insurance companies allow better rates to customers who buy several policies from them, otherwise known as a multi-policy discount. Even though this discount sounds good, it’s still a good idea to compare other company rates to confirm you are receiving the best rates possible.
- Single drivers take more risk – Walking down the aisle can actually save you money when shopping for auto insurance. Marriage generally demonstrates drivers are more mature and it’s statistically proven that being married results in fewer claims.
- Better drivers have lower premiums – Whether or not you get tickets has a huge affect on how much you pay. Careful drivers receive lower rates than their less careful counterparts. Getting just one citation can bump up the cost to the point where it’s not affordable. Drivers who get dangerous violations such as DUI, reckless driving or excessive speeding may find they need to submit a SR-22 form with their state’s department of motor vehicles in order to prevent their license from being revoked.
- Deter theft and pay less – Buying a car that has a built-in theft deterrent system can help bring down rates. Theft deterrent systems such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems help track and prevent car theft.
- Does your employer raise your premiums? – Occupational choices like doctorspolice officers and stock brokers usually pay higher rates than the rest of us because of stressful work requirements and long work hours. On the other hand, careers such as professors, historians and homemakers have lower than average premiums.
- Driver age impacts prices – Older insureds tend to be more responsible, are lower risk to insure .Youthful drivers are statistically proven to be easily distracted in a vehicle so auto insurance rates are higher.
- Save money with higher comp and collision deductibles – Physical damage coverage, also known as collision and other-than-collision, is used to repair damage to your vehicle. Some coverage claims are running into the backend of another car, damage caused by hail, and damage from a fallen tree branch. Deductibles for physical damage are how much you are required to spend before your auto insurance pays a claim. The more money the insured has to pay upfront, the less money you will pay for auto insurance.
- Incidental coverages that may not be needed – There are a lot of additional coverages that may not really be needed if you aren’t diligent. Things like roadside assistance, better glass coverage, and membership fees are examples of these. They may seem like a good idea at first, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.
Discounts can really help lower premiums
Insuring your vehicles can cost a lot, but there may be some discounts that can dramatically reduce your bill. A few discounts will automatically apply at quote time, but some may not be applied and must be asked about before you will receive the discount.
- Passive Restraint Discount – Factory options such as air bags can qualify for discounts of 20 to 30 percent.
- More Vehicles More Savings – Having several vehicles on one policy can reduce the rates for all insured vehicles.
- Government Employee Discount – Active or former government employment could provide a small rate reduction with some auto insurance companies.
- Driver’s Education for Students – Teen drivers should enroll and complete driver’s education in school or through a local driver safety program.
- Good Student Discount – Excelling in school may save you up to 25%. You can use this discount normally well after school through age 25.
- Defensive Driver – Participating in a defensive driving course could cut 5% off your bill if your company offers it.
- Savings for New Vehicles – Adding a new car to your policy is cheaper compared to insuring an older model.
- Clubs and Organizations – Having an affiliation with qualifying employment or professional organizations may earn a discount on your policy.
- Safe Drivers – Drivers who don’t get into accidents may save up to 50% more as compared to drivers with claims.
- Multi-policy Discount – If you can combine your auto and homeowners policy with one insurance company you may save 10% to 20% off each policy.
A quick disclaimer, most discount credits are not given the the whole policy. Most only apply to individual premiums such as comp or med pay. So even though they make it sound like you would end up receiving a 100% discount, insurance companies wouldn’t stay in business.
Some of the insurance companies that may include some of the above discounts are:
Before you buy a policy, ask each company which discounts they offer. A few discounts might not be offered in Homedale. If you would like to view auto insurance companies with significant discounts in Idaho, click here to view.
Will just any policy work for me?
When buying coverage for your vehicles, there is no cookie cutter policy. Coverage needs to be tailored to your specific needs.
These are some specific questions could help you determine if your situation would benefit from professional advice.
- Do I need added coverage for expensive stereo equipment?
- Do I need special endorsements for business use of my vehicle?
- Can my teen driver be rated on a liability-only vehicle?
- Do I need motorclub coverage?
- What if I total my vehicle and owe more than it’s worth?
- Does my personal auto insurance policy cover using my vehicle for business use?
If you don’t know the answers to these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, take a second and complete this form.
Don’t give up on cheaper premiums
People change insurance companies for any number of reasons including high prices, questionable increases in premium, denial of a claim and even high rates after DUI convictions. It doesn’t matter why you want to switch finding a new auto insurance company is less work than it seems.
When buying insurance coverage, it’s very important that you do not buy less coverage just to save a little money. In many cases, an accident victim reduced full coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The ultimate goal is to purchase a proper amount of coverage at the best cost but still have enough coverage for asset protection.
Cheaper auto insurance can be found online in addition to many Homedale insurance agents, so you need to with both in order to have the best chance of saving money. Some insurance companies do not offer internet price quotes and these regional insurance providers only sell through independent insurance agents.
Additional Idaho car insurance resources
More tips and info about auto insurance is located at the Idaho Department of Insurance website. Idaho consumers can find a variety of consumer forms, download brochures, and read enforcement actions against agents and companies.