There isn’t a single person who likes buying auto insurance, especially when they know the cost is too high. You have multiple insurers to insure vehicles with, and although it’s a good thing to have a choice, more options can take longer to compare company pricing.
You should take the time to price shop coverage before your next renewal because prices tend to go up over time. Despite the fact that you may have had the best rates a couple years back there is a good chance you can find better rate quotes now. You can find a lot of information about auto insurance online, but we’re going to give you some great ideas on how to lower your auto insurance premiums.
The purpose of this post is to familiarize you with the most effective way to quote insurance and some money-saving tips. If you currently have car insurance, you will most likely be able to lower your premiums substantially using this information. Oregon vehicle owners just need to know how to find the lowest price online.
What impacts Ontario auto insurance premiums?
It’s important that you understand some of the things that come into play when calculating the level of your policy premiums. When you understand what determines base rates, this enables informed choices that can earn you much lower annual insurance costs. Lots of things are considered when you get your auto insurance bill. Some are obvious like an MVR report, although others are more transparent like your continuous coverage and annual miles driven.
The itemized list below are most of the major factors auto insurance companies consider when setting your premiums.
- Small claims can cost you – Insurance companies in Oregon give most affordable rates to drivers who file claims infrequently. If you frequently file small claims, you can look forward to much higher rates or policy non-renewal. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.
- Car plus home equals more savings – Some insurance companies will give better rates to buyers who have multiple policies with them in the form of a multi-policy discount. The amount of the discounts can be five, ten or even twenty percent. Even with this discount applied, drivers will still want to get quotes from other companies to ensure the best deal.
- Your vocation is a factor – Occupational choices like judges, business owners and financial analysts are shown to have higher rates than the rest of us in part from stressful work requirements and long work hours. On the other hand, jobs such as farmers, historians and homemakers have lower than average premiums.
- Urban areas may pay more – Being located in less populated areas is a positive aspect when talking about auto insurance. Drivers in populated areas have to deal with congested traffic and higher rates of accident claims. Fewer drivers on the road translates into fewer accident claims and lower theft and vandalism rates.
There are several ways to shop for auto insurance, and some are less time-consuming than others. You can waste hours driving to insurance companies in Ontario, or you could use the web to get pricing more quickly.
Most of the best insurance companies enroll in a system that enables customers to enter their coverage request one time, and every company returns a competitive quote. This system prevents you from having to do quote requests to every company.
To access this free quoting program, click here to open in new window.
One minor caviat to using this type of form is you are unable to specify the insurers you will receive quotes from. If you wish to select specific insurance companies to compare prices, we put together a list of low cost auto insurance companies in Oregon. Click to view list.
You can choose any of those ways to find more affodable coverage, but be sure to compare the same coverage data for every company. If you use mixed coverages it will be next to impossible to find the best deal in Ontario.
Can you really save that much by switching?
Oregon consumers get pounded daily by advertisements that claim the lowest prices by companies like 21st Century, Allstate and State Farm. All the companies say the same thing that people will save just by moving your policy.
But how can every company have lower policy pricing?
Insurance providers have specific criteria for the right customer that makes them money. For example, this type of insured might have to be over the age of 40, carries high limits, and does not commute to work. Anyone that meets those criteria receives the best premium rates as well as save a lot if they switch.
Consumers who may not quite match the ideal profile may receive a higher premium and ends up with business going elsewhere. If you listen closely, the ads state “people who switch” but not “everyone who gets a quote” can get the lowest rates when switching. That’s why companies can truthfully advertise the way they do.
This really illustrates why drivers should do a price quote comparison at every renewal. It’s impossible to know which company will fit you best based on your risk profile.
Get lower rates by taking advantage of discounts
Some companies don’t always advertise every disount available very well, so the list below contains a few of the more common and the harder-to-find discounts that you can inquire about if you .
- Pay Upfront and Save – If you pay your entire premium ahead of time as opposed to paying monthly you could save up to 5%.
- New Car Discount – Putting auto insurance coverage on a new car is cheaper since new vehicles are generally safer.
- Multiple Vehicles – Drivers who insure multiple vehicles on one policy can get a discount for every vehicle.
- Discount for Swiching Early – A few companies allow discounts for buying a new policy prior to your current policy expiring. You can save around 10% with this discount.
- No Claim Discounts – Drivers who don’t have accidents can save substantially as opposed to drivers who are more careless.
- Data Collection Discounts – People who choose to allow their auto insurance company to scrutinize when and where they use their vehicle by using a telematics device such as Allstate’s Drivewise and State Farm’s In-Drive system might see lower rates if their driving habits are good.
Don’t be shocked that most of the big mark downs will not be given to the entire cost. A few only apply to individual premiums such as liability, collision or medical payments. Despite the appearance that adding up those discounts means a free policy, companies don’t profit that way.
The best auto insurance companies and some of the premium reductions they offer can be read below.
- Progressive includes discounts for multi-vehicle, online signing, continuous coverage, homeowner, good student, online quote discount, and multi-policy.
- The Hartford offers premium reductions for driver training, vehicle fuel type, anti-theft, defensive driver, bundle, and air bag.
- Mercury Insurance may have discounts that include ease of repair, professional/association, type of vehicle, anti-theft, multi-policy, and multi-car.
- Geico policyholders can earn discounts including military active duty, multi-policy, anti-theft, driver training, and five-year accident-free.
- AAA may offer discounts for anti-theft, pay-in-full, AAA membership discount, multi-policy, and multi-car.
- State Farm offers discounts including anti-theft, multiple policy, multiple autos, driver’s education, passive restraint, Drive Safe & Save, and accident-free.
Double check with each company or agent which discounts can lower your rates. Some credits might not be offered in Ontario. To find companies who offer cheap auto insurance quotes in Ontario, click this link.
How much auto insurance do I need?
When choosing the right insurance coverage, there isn’t really a “perfect” insurance plan. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that might point out whether or not you will benefit from professional help.
- When does my teenage driver need to be added to my policy?
- Does my policy cover my teen driver if they drive my company car?
- How can I get high-risk coverage after a DUI?
- When would I need rental car insurance?
- Do I need roadside assistance coverage?
- What should my uninsured motorist coverage limits be in Oregon?
- At what point should I drop full coverage?
- Do I pay less if my vehicle is kept in my garage?
- What is covered by UM/UIM coverage?
- When should I not file a claim?
If you don’t know the answers to these questions but you think they might apply to your situation then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and you can get the answers you need.
Additional auto insurance information can be found on the website for the Oregon Insurance Division through this link. Oregon consumers can discover disciplinary actions, learn about specific coverages, learn about insurance regulations, and find disaster information.
The following articles may also be useful.
- Ontario Auto Insurance Savings the Insurance Companies Dont Want You to Know About
- Uncover Consumer Tested Strategies to Save on Ontario, CA Car Insurance
- Learn to Get Cheaper Car Insurance Pricing From Insurance Agents in Ontario, CA
Don’t give up on lower rates
Throughout this article, we presented many ways to get a better price on auto insurance. The key concept to understand is the more you , the better chance you’ll have of finding . You may be surprised to find that the best price on auto insurance is with the smaller companies. These companies may only write in your state and offer lower car insurance rates than the large multi-state companies such as Allstate and Progressive.
As you restructure your insurance plan, make sure you don’t reduce needed coverages to save money. There are too many instances where an insured cut physical damage coverage only to regret that they should have had better coverage. Your focus should be to purchase a proper amount of coverage at the best price.