How to Know You’re Spending Too Much for Auto Insurance in Wilmington, VT

High-priced auto insurance can dwindle your monthly budget and maybe even restrict other spending. Since consumers have many insurance providers from which to choose, it can be challenging to find a lower cost insurance company.

It’s smart to quote other rates periodically because insurance rates are variable and change quite frequently. Even if you think you had the lowest premium rates last year there is a good chance you can find better prices now. There is a lot of wrong information about auto insurance on the web, but we’re going to give you the easiest ways to lower your auto insurance rates.

Finding affordable coverage in Wilmington is simple if you know the tricks. If you have insurance now or need new coverage, you can follow these tips to find the best rates and still get good coverage. Vermont vehicle owners just need to understand how to get comparison quotes on the web.

Cheap Vermont auto insurance rates with discounts

Some companies don’t always advertise their entire list of discounts very well, so the below list has some of the more common as well as some of the hidden discounts that may be available.

  • No Claim Discounts – Drivers who don’t have accidents pay much less in comparison to insureds who have frequent claims or accidents.
  • Mature Driver Discount – Mature drivers may be able to get a small discount on rates.
  • Waiver for an Accident – This one is not really a discount per se, but some insurance companies allow you one accident before they charge you more for coverage if you are claim-free prior to the accident.
  • Drivers Education – Have your child enroll and complete driver’s education in school or through a local driver safety program.
  • Sign Online – Some of the larger companies give back up to $50 on the internet.
  • Military Rewards – Being deployed in the military may qualify for rate reductions.
  • Professional Organizations – Being a member of a professional or civic organization can get you a small discount when getting a .
  • Multi-policy Discount – If you combine your auto and home policies and insure them with the same company you may earn at least 10 to 15 percent or more.
  • Resident Student – Children who are attending college and do not take a car to college could get you a discount.
  • Federal Employees – Active or retired federal employment could provide a small rate reduction with certain companies.

It’s important to understand that most credits do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears all the discounts add up to a free policy, companies don’t profit that way.

If you would like to view auto insurance companies who offer auto insurance discounts in Vermont, click here to view.

Everyone needs different auto insurance coverages

When it comes to choosing coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs so your insurance should reflect that For example, these questions might help in determining whether you may require specific advice.

  • Should I drop comprehensive coverage on older vehicles?
  • What is the minimum liability in Vermont?
  • Can my teen driver be rated on a liability-only vehicle?
  • How many claims can I have before being cancelled?
  • Is my vehicle covered for flood damage?
  • How high should my medical payments coverage be?
  • When do I need to add a new car to my policy?
  • Do I benefit by insuring my home with the same company?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Does my personal auto insurance policy cover using my vehicle for business use?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of auto insurance companies in your area. It’s fast, doesn’t cost anything and can help protect your family.Wilmington Vermont insurance prices

Independent or captive car insurance agents

A small number of people would prefer to talk to an insurance agent and that is a personal choice. Good agents can answer important questions and help file insurance claims. A good thing about comparing rates online is you can get cheap auto insurance rates and still have a local agent. Putting coverage with local agents is definitely important in Wilmington.

Once you complete this form (opens in new window), your information is instantly submitted to insurance agents in Wilmington who will gladly provide quotes for your business. It’s much easier because you don’t need to do any legwork because prices are sent to you instantly. In the event you want to compare rates from a specific auto insurance provider, you can always navigate to their website and fill out their quote form.

Types of car insurance agents in Wilmington

If you want to use a local agent, you must know there are a couple different types of agencies and how they differ in how they can insure your vehicles. Agents can either be independent (non-captive) or captive. Both types of agents can sell affordable auto insurance policies, but we need to point out how they are different since it can impact the selection process.

Independent Auto Insurance Agencies or Brokers

Agents in the independent channel do not write with just one company and that enables them to quote your coverage with many different companies and find the cheapest auto insurance rates. If your agent finds better pricing, the business is moved internally without you having to go to a different agency.

When comparing rate quotes, we recommend you contact independent agents to maximize your price options.

Below are Wilmington independent insurance agencies who may provide price quotes.

Boyd’s Insurance – 143 Higley Hill Rd – Wilmington, VT 05363 – (802) 464-3944

Captive Auto Insurance Agencies

Agents of this type are contracted to one company and examples are Allstate, State Farm and Farmers Insurance. They generally cannot shop your coverage around so they have no alternatives for high prices. Captive insurance agents are highly trained on their company’s products and that allows them to sell at a higher price point.

Finding the right insurance agent should include more criteria than just a cheap quote. Here are some questions you should ask.

Wilmington Vermont insurance prices

  • Which companies do they recommend if they are an independent agency?
  • Are they actively involved in the community?
  • How much can you save by raising your physical damage deductibles?
  • Is working in the agency their full-time job?
  • How long has their agency been in business in Wilmington?
  • Will they give you a referral list?
  • How often do they review policy coverages?
  • Can you choose the body shop in case repairs are needed?

Upon receiving answers to your satisfaction to these questions and locked in a price quote, it’s possible that you found an insurance agent that meets the criteria to service your policy.

For more Vermont auto insurance information

More information is located on the website for the Vermont Department of Financial Regulation found here. Visitors are able to view agent and company licensing information, discover disciplinary actions, report car insurance fraud, and find out which companies have the most complaints.

The articles below may also help you learn more about auto insurance in Wilmington

Keep this in mind

You just learned many tips how you can get a better price on auto insurance. The most important thing to understand is the more providers you compare, the better your chances of lowering your car insurance rates. You may be surprised to find that the lowest rates come from a smaller regional carrier. These smaller insurers may often insure only within specific states and give getter rates than their larger competitors like Allstate or State Farm.

Cheap auto insurance can be bought from both online companies and from local insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies do not provide internet price quotes and these small, regional companies work with independent agencies.