How to Know You’re Paying Too Much for Car Insurance in Worland Wyoming

If you’ve never shopped for car insurance online, you can be overwhelmed because of the huge number of car insurance companies selling insurance in Worland.

It’s a great practice to get comparison quotes every six months since insurance rates trend upward over time. If you had the best rates six months ago you can probably find a better price now. Forget anything you know (or think you know) about car insurance because we’re going to demonstrate one of the easiest ways to reduce your cost while improving coverage.

Compare the Market for Car Insurance in Worland

All major car insurance companies such as State Farm and Allstate quote prices for coverage on their websites. Obtaining pricing is quite simple as you simply enter the coverage amounts you desire as detailed in the form. When the form is submitted, their rating system collects your driving record and credit report and gives you a price quote determined by many factors.

This streamlines rate comparisons, but the time it takes to visit multiple sites and fill out multiple forms gets old quite quickly. But it is imperative to have as many quotes as possible if you are searching for the lowest car insurance rates.

The smarter way to compare car insurance pricing uses one simple form that gets price quotes from more than one company. It’s a real time-saver, requires less work, and makes quoting online a little more enjoyable. Once the form is submitted, it gets priced with multiple companies and you can pick any or none of the quotes that you receive. If one or more price quotes are lower than your current rates, it’s easy to complete the application and purchase the new policy. The whole process just takes a couple of minutes and you’ll know if lower rates are available.

To quickly find out if lower rates are available, click here to open in new window and input your coverage information. If you have coverage now, it’s recommended that you enter deductibles and limits exactly as they are listed on your policy. This makes sure you will have a price comparison based on the exact same insurance coverage.

Are you getting all your discounts?

Car insurance companies don’t list all available discounts very well, so we researched some of the more common and the harder-to-find car insurance savings.

  • Homeowners Pay Less – Being a homeowner may earn you a small savings because maintaining a house requires personal responsibility.
  • Multiple Policy Discount – If you have multiple policies with the same company you will save approximately 10% to 15%.
  • Good Students Pay Less – Getting good grades can get you a discount of up to 25%. The good student discount can last up to age 25.
  • Claim Free – Drivers who don’t have accidents can earn big discounts compared to accident-prone drivers.
  • Employee of Federal Government – Being employed by or retired from a federal job can save as much as 8% with select insurance companies.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
  • Distant Student – Kids in college who are attending college and don’t have a car may be able to be covered for less.
  • Multi-car Discount – Buying coverage for more than one vehicle on the same car insurance policy can get a discount on all vehicles.
  • Drive Less and Save – Driving fewer miles could be rewarded with discounted rates on garaged vehicles.

Keep in mind that many deductions do not apply to the entire cost. Some only reduce individual premiums such as medical payments or collision. Just because it seems like it’s possible to get free car insurance, you’re out of luck.

To see a list of insurers who offer car insurance discounts in Worland, click here.

Save Money with These Tips

Consumers need to have an understanding of some of the elements that go into determining the price you pay for car insurance. Understanding what controls the rates you pay allows you to make educated decisions that may reward you with better car insurance rates.

Listed below are some of the items companies use to determine rates.

  • Allowing your policy to lapse raises rates – Allowing your coverage to lapse will be a sure-fire way to bump up your car insurance costs. Not only will you pay more, getting caught without coverage will get you a license revocation or jail time.
  • Your stress level may be raising your rates – Careers like doctors, executives and financial analysts tend to pay higher average rates because of job stress and long work hours. Conversely, occupations like actors, engineers and retirees have the lowest average rates.
  • Discounts for multiple policies – Some companies give discounts to insureds who have multiple policies with them, otherwise known as a multi-policy discount. If you currently are using one company, it’s still a good idea to compare other company rates to ensure the best deal.
  • Males pay more for insurance – Statistics have proven that men are more aggressive behind the wheel. However, don’t assume that men are WORSE drivers than women. Women and men are in accidents at about the same rate, but the males cause more damage and cost insurance companies more money. They also get more serious tickets like reckless driving and DUI.

When might I need an agent?

When buying the right insurance coverage for your vehicles, there really is no one size fits all plan. Each situation is unique.

These are some specific questions could help you determine whether your personal situation might need an agent’s assistance.

  • Are split liability limits better than a combined single limit?
  • Do I really need UM/UIM coverage?
  • Do I need rental car coverage?
  • Am I covered when driving someone else’s vehicle?
  • Is my vehicle covered for smoke damage?
  • Can I afford low physical damage deductibles?
  • Can my teen driver be rated on a liability-only vehicle?
  • Does my personal auto insurance policy cover using my vehicle for business use?
  • How much liability do I need to cover my assets?

If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find lower rates from a local agent, complete this form.

More detailed Wyoming car insurance information is available at the Wyoming Insurance Department website. Visitors are able to report car insurance fraud, learn about specific coverages, and read enforcement actions against agents and companies.

The car insurance bait and switch

Car insurance companies such as State Farm and Allstate regularly use ads on television and other media. They all seem to say the same thing that you can save if you move to their company. But how can every company make almost identical claims? This is how they do it.

All the different companies are able to cherry pick for the driver that makes them money. A good example of a profitable customer might be profiled as between 30 and 50, insures multiple vehicles, and has excellent credit. A customer who matches those parameters receives the best rates and is almost guaranteed to save quite a bit of money when switching.

Worland insurance prices

Consumers who are not a match for the “perfect” profile will have to pay a higher premium which usually ends up with the driver buying from a lower-cost company. The ads say “people who switch” not “everyone that quotes” save money. That is how companies can state the savings. Because of the profiling, drivers should get quotes from several different companies. It’s just too difficult to predict which company will fit your personal profile best.

Smart shoppers get results

When you buy insurance online, never reduce coverage to reduce premium. There are many occasions where an accident victim reduced uninsured motorist or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. The aim is to buy enough coverage at the best price while not skimping on critical coverages.

You just learned some good ideas how to compare car insurance prices online. It’s most important to understand that the more price quotes you have, the better your chances of lowering your rates. Consumers could even find that the most savings is with an unexpected company.

Insureds leave their current company for a variety of reasons including high rates after DUI convictions, unfair underwriting practices, being labeled a high risk driver and high prices. No matter why you want to switch, finding a new car insurance company is less work than it seems.