Overpriced auto insurance can dwindle your bank account and force you to make sacrifices. Shopping your coverage around is free and is an excellent way to tighten up your finances.
Because there are so many companies and agents to choose from, it can be challenging to choose the cheapest provider.
It’s a good habit to compare rates once or twice a year due to the fact that insurance rates tend to go up over time. If you had the best deal a few years ago there may be better deals available now. You can find a lot of wrong information about auto insurance on the web, but with this article, you’re going to get the best ways to save money.
Finding Auto Insurance Deals in Lovington
Shopping for lower auto insurance rates can be a lot of work if you don’t utilize the fastest way to get free quotes. You can waste a few hours (or days) discussing policy coverages with agents in Lovington, or you can stay home and use the web to accomplish the same thing much quicker.
Most car insurance companies participate in an industry program that allows shoppers to enter their policy data once, and each participating company can give them a price based on the submitted data. This saves time by eliminating quote requests for each company.
To find out how much you’re overpaying now click to open in new window.
The one downside to comparing rates this way is you can’t choose which providers to get pricing from. If you wish to select specific insurance companies to request quotes from, we have a listing of companies who write auto insurance in New Mexico. Click here for list of insurance companies in New Mexico.
It doesn’t matter which method you choose, just make darn sure you compare apples-to-apples coverage limits and deductibles for each comparison quote. If you have differing limits then you won’t be able to make a fair comparison in Lovington. Quoting even small variations in limits can make a big difference in price. Keep in mind that comparing more company’s prices helps locate the best rates.
More discounts equal less premium
Insuring your fleet can be pricey, but you can get discounts to help offset the cost. Most are applied when you purchase, but some must be manually applied before being credited.
- Use Seat Belts – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more off the personal injury premium cost.
- Braking Control Discount – Cars that have steering control and anti-lock brakes can avoid accidents and will save you 10% or more.
- Homeowners Discount – Owning a house in Lovington can help you save on auto insurance due to the fact that maintaining a home requires personal responsibility.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
- Theft Prevention System – Cars that have factory anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
A little note about advertised discounts, most credits do not apply to all coverage premiums. Most only apply to individual premiums such as collision or personal injury protection. Just because you may think adding up those discounts means a free policy, auto insurance companies aren’t that generous. But all discounts will help reduce your overall premium however.
To see a list of insurers who offer auto insurance discounts in New Mexico, click here.
Compare online but buy from a local Lovington agent
Some consumers would prefer to sit down with an agent. The biggest benefit of getting online price quotes is the fact that you can find lower rates and still choose a local agent. And supporting local businesses is important particularly in Lovington.
To help locate an agent, after submitting this form (opens in new window), the coverage information is instantly submitted to local insurance agents in Lovington who will compete to get your business. You never need to leave your house due to the fact that quote results will go immediately to your email address. How cool is that?! It’s the lowest rates AND a local agent.
Types of insurance agencies in Lovington
If you’re trying to find local Lovington agents, you must know there are a couple types of insurance agents to choose from. Lovington agents are either captive or independent.
Independent Agents
Independent agencies do not work for one specific company so they can insure your vehicles with any number of different companies enabling the ability to shop coverage around. If you are not satisfied with one company, the business is moved internally without you having to go to a different agency. When searching for an agent, you should always include price quotes from at least one independent agent for the best price selection.
The following are independent insurance agents in Lovington that are able to give rate quotes.
Ruston Hayes Insurance Co – 1309 Yucca Dr – Lovington, NM 88260 – (505) 396-5244
George Gandy Insurance – 614 S Main Ave – Lovington, NM 88260 – (505) 396-5516
James Wright Agency – 12 W Central Ave – Lovington, NM 88260 – (505) 396-0513
Agency Captives
Captive insurance agents have only one company to place business with like Allstate, State Farm and Farmers Insurance. These agents are not able to shop your coverage around so keep that in mind. Captive agents are usually quite knowledgeable in insurance sales which helps them compete with independent agents.
The following are captive insurance agents in Lovington willing to provide comparison quotes.
Farmers Insurance Group – 12 W Central Ave – Lovington, NM 88260 – (505) 396-2616
To view a complete directory of auto insurance agents in Lovington, visit this link.
Choosing an insurance agency should depend on more than just the premium amount. These are valid questions to ask:
- Do they specialize in personal lines coverage?
- Do they feel the quoted coverages are adequate?
- Which insurance companies are they affiliated with?
- What will you get paid if your car is a total loss? How is that amount determined?
- Can they give you a list of client referrals?
- Which members of your family are coverage by the policy?
- What are the financial ratings for the companies they represent?
- How often do they review policy coverages?
Once you have received acceptable answers for all questions you ask and a low price estimate, most likely you have located an insurance agent that is a good match to properly service your auto insurance policy.
Car insurance is unique, just like you
When buying the right insurance coverage, there really is not a best way to insure your cars. Everyone’s situation is a little different and your policy should reflect that. Here are some questions about coverages that can help discover whether or not you may require specific advice.
- Is a new car covered when I drive it off the dealer lot?
- Does my policy pay for OEM or aftermarket parts?
- Do I have coverage when using my vehicle for my home business?
- When should I remove comp and collision on my vehicle?
- How do I file an SR-22 for a DUI in New Mexico?
- I have good health insurance, so how much medical payments coverage do I need?
If you don’t know the answers to these questions but you know they apply to you, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form or go to this page to view a list of companies.
More information can be read on the website for the New Mexico Insurance Division located here. Consumers can view agent and company licensing information, file complaints about an insurance agent or broker, find out industry alerts, and view a list of available companies.
Buy online or local, you save
Budget-conscious auto insurance is attainable on the web and also from your neighborhood Lovington agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies may not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.
We covered many tips how you can save on auto insurance. The key concept to understand is the more times you quote, the better your comparison will be. You may even find the lowest premiums are with some of the lesser-known companies. These smaller insurers can often provide lower rates in certain areas compared to the large companies like Allstate and Progressive.