Scraping up a payment for overpriced auto insurance can drain your personal savings and force you to make sacrifices. Doing a price comparison is a smart way to help make ends meet. Big-name insurance companies like State Farm, Allstate, Geico and Progressive persitently shower you with TV and radio ads and it is challenging if not impossible to ignore the propoganda and effectively compare rates to find the best deal.
Quick Hannibal Auto Insurance Quotes
Effectively comparing auto insurance prices is a ton of work if you aren’t aware of the most efficient way. You could spend your day driving to insurance agencies in Hannibal, or you can stay home and use the web to get prices fast.
Most of the best insurance companies enroll in a system where insurance shoppers enter their coverage request one time, and each participating company provides a quote for coverage. This system prevents you from having to do quote requests to each company.
To submit your quote information now, click here to start a free quote.
The one downside to using this type of system is buyers cannot specifically choose which companies you want pricing from. So if you prefer to choose specific insurance companies to receive pricing from, we have a listing of the cheapest auto insurance companies in Missouri. Click here for list of insurance companies in Missouri.
However you get your quotes, make darn sure you compare the exact same quote information with each company. If you enter differing limits then you won’t be able to determine the lowest rate in Hannibal.
Pay less by taking advantage of discounts
Car insurance companies don’t necessarily list all available discounts very well, so we researched both the well known as well as the least known auto insurance savings. If you don’t get every credit possible, you are throwing money away.
- Sign Early and Save – A few companies offer discounts for switching policies prior to your current policy expiration. It can save you around 10%.
- Good Student – Getting good grades can get you a discount of up to 25%. This discount can apply until age 25.
- Auto/Home Discount – If you have multiple policies with the same company you will save up to 20% off your total premium.
- Accident Forgiveness – Certain companies allow you one accident before your rates go up if your claims history is clear for a set time period.
- Claim Free – Drivers who don’t have accidents pay less when compared with frequent claim filers.
- Homeowners Pay Less – Owning a home in Hannibal can help you save on auto insurance because of the fact that having a home shows financial diligence.
- Anti-theft Discount – Cars that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.
- Anti-lock Brake Discount – Vehicles equipped with ABS or steering control can reduce accidents and earn discounts up to 10%.
- Discounts for Safe Drivers – Drivers who avoid accidents can pay as much as 50% less than drivers with accidents.
A little note about advertised discounts, most of the big mark downs will not be given to all coverage premiums. A few only apply to specific coverage prices like collision or personal injury protection. So even though they make it sound like you can get free auto insurance, auto insurance companies aren’t that generous.
For a list of insurers who offer auto insurance discounts in Missouri, click here.
Get Cheaper Rates by Understanding Pricing
Consumers need to have an understanding of the different types of things that help determine your auto insurance rates. Understanding what influences your rates enables informed choices that could result in lower auto insurance prices.
- Drive less and save money – The higher the mileage driven in a year’s time the higher your rates will be. Almost all companies charge to insure your cars determined by how the vehicle is used. Cars and trucks not used for work or commuting can get a lower rate compared to those used for work or business. Ask your agent if your auto insurance declarations sheet shows the correct usage for each vehicle, because it can save money.
- Sex matters – Statistics show women tend to be less risk to insure than men. However, this does not mean men are worse drivers. They both cause accidents at about the same rate, but men have costlier accidents. Men also receive more costly citations such as reckless driving. Young males are most likely to cause an accident and therefore are the most expensive to insure.
- Older drivers save more – Teen drivers in Missouri are known to be less responsible in a vehicle so they pay higher auto insurance rates. Mature drivers tend to be more responsible, statistically cause fewer accidents and get fewer tickets.
- No coverage gaps is important – Driving your car without having proper coverage is against the law and as a result your rates will increase for letting your coverage lapse. And not only will insurance be more expensive, failure to provide proof of insurance will get you a steep fine or even jail time.
- Performance makes a difference – The performance of the car you drive makes a significant difference in determining your rates. Economy passenger vehicles receive the most favorable rates, but other factors influence the final cost greatly.
- Your spouse saves you money – Getting married can actually save you money on your auto insurance policy. Having a spouse is viewed as being more mature and it’s proven that being married results in fewer claims.
- An active claims history can cost you – If you tend to file frequent claims, you can look forward to either a policy non-renewal or much higher rates. Companies in Missouri give cheaper rates to policyholders who do not file claims often. Auto insurance is meant to be used in the event of larger claims.
- Drive a safer car and pay less – Cars with high safety ratings get lower rates. Safe vehicles protect occupants better and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders.
Your coverage should be tailored to you
When choosing coverage, there is no single plan that fits everyone. Each situation is unique so this has to be addressed. Here are some questions about coverages that may help you determine if you may require specific advice.
- Do I have coverage if my license is suspended?
- Do I need medical payments coverage since I have good health insurance?
- Why am I be forced to buy a membership to get insurance from some companies?
- What is the minimum liability in Missouri?
- Do I need higher deductibles?
- Does my personal policy cover me when driving my company car?
If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form or you can go here for a list of companies in your area. It’s fast, free and can help protect your family.
Additional detailed information can be read at the Missouri Department of Insurance website. Missouri consumers can read consumer alerts, discover disciplinary actions, find out which companies have the most complaints, and file complaints about an insurance agent or broker.
Also read more on this page for auto insurance in Missouri and this link which helps you find a Hannibal agent.
Smart consumers save more
Lower-priced auto insurance can be sourced online and with local Hannibal insurance agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some auto insurance companies do not offer the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.
When trying to cut insurance costs, you should never buy less coverage just to save a little money. In too many instances, consumers will sacrifice liability coverage limits to discover at claim time that it was a big mistake. Your aim should be to find the BEST coverage at the best price, not the least amount of coverage.
You just learned quite a bit of information on how to lower your auto insurance rates. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your rates. You may even discover the biggest savings come from some of the smallest insurance companies. These smaller insurers may have significantly lower rates on certain market segments compared to the large companies like Progressive and Geico.