Having to pay for overpriced car insurance can drain your personal savings and put the squeeze on your family’s finances. Comparing price quotes is a smart way to reduce premiums and put more money in your pocket.
Companies like Progressive, State Farm and GEICO persitently shower you with ad campaigns and consumers find it hard to separate fact from fiction and find the best price available.
Take discounts and save
The cost of insuring your cars can be expensive, but there are discounts available that you may not even be aware of. Some discounts apply automatically when you get a quote, but some must be asked for before you get the savings.
- Accident Waiver – Certain companies permit an accident before your rates go up if you are claim-free prior to the accident.
- E-sign – Some insurance companies will discount your bill up to fifty bucks for buying your policy over the internet.
- Drive Safe and Save – Drivers who avoid accidents may receive a discount up to 45% less than drivers with accident claims.
- Low Mileage Discounts – Low mileage vehicles can earn a substantially lower rate.
- No Accidents – Drivers with accident-free driving histories can save substantially when compared with accident-prone drivers.
As a disclaimer on discounts, most credits do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like medical payments or collision. So even though they make it sound like all the discounts add up to a free policy, you’re out of luck. Any qualifying discounts will bring down your overall premium however.
To see a list of companies with discount car insurance rates in Connecticut, click here to view.
Which policy gives me the best coverage?
When it comes to choosing the right insurance coverage, there really is not a cookie cutter policy. Everyone’s situation is a little different so your insurance needs to address that. Here are some questions about coverages that could help you determine whether your personal situation might need an agent’s assistance.
- How do I file an SR-22 for a DUI in Connecticut?
- Are there companies who specialize in insuring high-risk drivers?
- What if I total my vehicle and owe more than it’s worth?
- Exactly who is provided coverage by my policy?
- Do I pay less if my vehicle is kept in my garage?
- Should I drop comprehensive coverage on older vehicles?
- Does my policy cover my teen driver if they drive my company car?
- Does liability extend to a camper or trailer?
If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. To find lower rates from a local agent, simply complete this short form or click here for a list of car insurance companies in your area.
Additional information is available on the website for the Connecticut Insurance Department found here. Connecticut drivers can file complaints about an insurance agent or broker, view agent and company licensing information, and find disaster information.
The best insurance company isn’t always the cheapest
When trying to cut insurance costs, it’s not a good idea to reduce coverage to reduce premium. Too many times, an insured dropped comprehensive coverage or liability limits only to regret at claim time that they should have had better coverage. Your aim should be to find the BEST coverage for the lowest price while not skimping on critical coverages.
In this article, we covered quite a bit of information on how to shop for car insurance online. The key concept to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Consumers could even find that the best prices are with a small local company. They may only write in your state and offer lower rates compared to the large companies like State Farm or Progressive.