How to Know You’re Throwing Money Away for Car Insurance in Sedalia, MO

Finding better rates for Sedalia car insurance is always difficult for consumers new to comparison shopping online. You have so many companies to choose from that it can quickly become a big hassle to locate the lowest price in Sedalia.

Finding affordable coverage in Sedalia is not rocket science. If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using these tips. But Missouri vehicle owners need to learn the methods companies use to market insurance on the web.

How insurance companies determine rates

Smart consumers have a good feel for the different types of things that go into determining car insurance rates. Having a good understanding of what influences your rates empowers consumers to make smart changes that can help you get much lower annual insurance costs.

Listed below are some of the factors used by your company to calculate your rates.

  • More miles equals more premium – The more you drive each year the more you will pay for car insurance. The majority of insurers price each vehicle’s coverage based on their usage. Vehicles that are left in the garage qualify for better rates compared to those used for work or business. Verify your car insurance policy properly reflects the correct driver usage.
  • With age comes lower rates – Mature drivers are more responsible, tend to file fewer claims and get fewer tickets. Young drivers are statistically proven to be more careless in a vehicle therefore car insurance rates are much higher.
  • Better credit scores mean better rates – Credit history is a big factor in determining what you pay for car insurance. Therefore, if your credit is not that good, you could potentially save money when insuring your by repairing your credit. Drivers who have good credit tend to be better drivers and file fewer claims as compared to drivers with lower credit scores.
  • Being married is a good thing – Getting married helps lower the price on your car insurance policy. Having a spouse usually means you are more responsible it has been statistically shown that married couples file fewer claims.
  • Safer occupants lowers premiums – Vehicles with good safety scores are cheaper to insure. Safe vehicles have better occupant injury protection and better occupant protection means less money paid by your insurance company and lower rates for you.
  • Multi-policy discounts can save money – Most companies give discounts to insureds who buy several policies from them, otherwise known as a multi-policy discount. Even with this discount, you still need to compare rates to confirm you are receiving the best rates possible.
  • Where you reside plays a part – Choosing to live in small towns and rural areas has it’s advantages when insuring your vehicles. City drivers have congested traffic and longer commutes to work. Fewer people means fewer accidents and also fewer theft and vandalism claims.

Policy discounts you shouldn’t miss

Companies offering auto insurance do not list all their discounts in an easy-to-find place, so we break down some of the more common and also the lesser-known discounts you could be receiving.

  • Homeowners Discount – Simply owning a home may trigger a car insurance policy discount because of the fact that having a home demonstrates responsibility.
  • Federal Employees – Employees or retirees of the government can earn a discount up to 10% depending on your company.
  • Fewer Miles Equal More Savings – Keeping the miles down could qualify for discounted rates on garaged vehicles.
  • Anti-theft System – Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
  • Seat Belts Save – Buckling up and requiring all passengers to use their safety belts could save 15% off the personal injury premium cost.
  • E-sign – A handful of insurance companies will give a small break for buying a policy and signing up over the internet.
  • New Vehicle Savings – Adding a new car to your policy can save up to 30% since new cars are generally safer.
  • Distant Student – Youth drivers living away from home attending college and do not have access to a covered vehicle may qualify for this discount.
  • No Accidents – Drivers with accident-free driving histories pay less when compared with accident-prone drivers.

It’s important to note that some of the credits will not apply to the entire cost. Most only apply to individual premiums such as comp or med pay. Even though it may seem like you could get a free car insurance policy, companies don’t profit that way.

To choose insurance companies with discount car insurance rates in Missouri, click this link.

Don’t listen to company ads

Companies like Progressive, Allstate and GEICO consistently run ads in print and on television. All the ads make the same claim of big savings if you change your policy. How do they all claim to save you money?

Insurance companies have a certain “appetite” for the type of customer that earns them a profit. For example, a preferred risk could be over the age of 40, a clean driving record, and chooses high deductibles. A propective insured who meets those qualifications will qualify for the lowest rates and is almost guaranteed to save a lot of money.

Potential insureds who are not a match for the requirements will be charged higher prices and ends up with business not being written. The ads say “drivers who switch” but not “drivers who get quotes” save that much money. That’s why insurance companies can state the savings. That is why it’s extremely important to quote coverage with many companies. It’s not possible to predict which car insurance company will provide you with the cheapest rates.

More Missouri car insurance information

Even more information is available at the Missouri Department of Insurance website. Missouri drivers can learn about insurance regulations, find disaster information, discover disciplinary actions, and file complaints about an insurance agent or broker.

Additional helpful sites include this resource for Missouri car insurance prices and QuoteClickSave.com.

Final thoughts

Cheap car insurance can be sourced online and with local Sedalia insurance agents, and you should be comparing both to have the best chance of lowering rates. Some insurance providers do not offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

When buying insurance coverage, it’s a bad idea to buy less coverage just to save a little money. In many cases, an accident victim reduced collision coverage only to find out they didn’t purchase enough coverage. The aim is to get the best coverage possible at a price you can afford while not skimping on critical coverages.

We covered many ideas to shop for car insurance online. It’s most important to understand that the more price quotes you have, the more likely it is that you will get a better rate. You may even discover the biggest savings come from some of the lesser-known companies.