Scraping up a payment for pricey auto insurance can eat up your family’s budget and force you to make tough financial choices. Doing a price comparison is free and is an excellent way to make sure you’re not throwing money away.
You have multiple auto insurance companies to buy insurance from, and though it is a good thing to have multiple companies, it makes it harder to get the best deal.
The method we recommend to compare car insurance company rates is to realize most of the bigger providers have advanced systems to provide you with free rate quotes. The one thing you need to do is provide a little information such as how many miles driven, the make and model of your vehicles, if you have a valid license, and if the car is leased. The data is sent automatically to multiple auto insurance providers and they return rate quotes within a short period of time.
To compare rates for your car now, click here and enter your coverage details.
Auto insurance buyers beware
Companies like State Farm, Geico and Progressive endlessly run ads on television and other media. All the ads state the claim that people will save if you get a free and switch your coverage to them. How can each company lower your car insurance rates? It’s all in how they say it.
Most companies offer their best rates for the type of insured that will generate a profit. An example of a profitable insured should be over the age of 45, has had continuous coverage, and has great credit. Someone that fits those parameters will get very good Princeton prices and as a result will probably save a lot of money.
Potential insureds who fall short of those criteria may receive a higher rate and this can result in the customer not buying. Company advertisements say “drivers who switch” but not “everyone who gets a quote” save that much. That’s why insurance companies can make claims like that.
Because of these techniques, you need to get price quotes at each policy renewal. It is impossible to predict the company that will fit your personal profile best.
Save a ton with these ten discounts
Buying auto insurance is not cheap, but you might be missing out on some discounts that you may not even be aware of. Some discounts will apply when you purchase, but a few need to be specially asked for prior to getting the savings.
- Telematics Discount – Princeton drivers who agree to allow their insurance company to analyze driving habits by using a telematics device such as State Farm’s In-Drive may get a rate reduction if they have good driving habits.
- Organization Discounts – Belonging to a qualifying organization could qualify you for a break when getting a .
- Mature Driver Discount – If you qualify as a senior citizen, you may qualify for a small decrease in premiums.
- Full Payment Discount – By paying your policy upfront instead of making monthly payments you could save 5% or more.
- Paperwork-free – Some insurance companies will give you a small discount for completing your application on the web.
- Anti-lock Brake Discount – Vehicles equipped with ABS or steering control are much safer to drive and will save you 10% or more.
- Driver’s Education for Students – Require your teen driver to enroll and complete driver’s education in school or through a local driver safety program.
- Defensive Driving Course – Successfully completing a course that instructs on driving safety is a good idea and can lower rates if you qualify.
- Home Ownership Discount – Owning a home in Princeton may earn you a small savings because it requires a higher level of personal finance.
- Claim-Free Discount – Good drivers with no accidents can earn big discounts when compared with bad drivers.
You can save money using discounts, but many deductions do not apply the the whole policy. Most only cut specific coverage prices like physical damage coverage or medical payments. Just because it seems like it’s possible to get free car insurance, it just doesn’t work that way.
Popular auto insurance companies and some of their more popular discounts are:
- Travelers includes discounts for multi-car, home ownership, good student, payment discounts, and IntelliDrive.
- 21st Century has discounts for air bags, defensive driver, 55 and older, good student, and theft prevention.
- State Farm offers discounts including accident-free, passive restraint, student away at school, Drive Safe & Save, safe vehicle, good student, and Steer Clear safe driver discount.
- Geico offers discounts for five-year accident-free, federal employee, daytime running lights, membership and employees, and multi-policy.
- SAFECO may include discounts for safe driver, homeowner, multi-car, bundle discounts, and drive less.
- AAA has savings for good driver, anti-theft, multi-car, multi-policy, education and occupation, and AAA membership discount.
When getting , it’s a good idea to each company to give you their best rates. Savings might not be available to policyholders in your state. To view providers who offer online auto insurance quotes in Princeton, click here.
Auto insurance 101
Learning about specific coverages of your policy can help you determine the right coverages for your vehicles. Auto insurance terms can be ambiguous and reading a policy is terribly boring. Listed below are typical coverages offered by auto insurance companies.
Collision insurance
This covers damage to your vehicle from colliding with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage pays for claims such as crashing into a building, scraping a guard rail, hitting a parking meter, backing into a parked car and sustaining damage from a pot hole. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. It’s also possible to choose a higher deductible to bring the cost down.
Comprehensive or Other Than Collision
Comprehensive insurance pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against things like a broken windshield, vandalism, hitting a deer, damage from flooding and rock chips in glass. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.
Liability auto insurance
Liability insurance will cover injuries or damage you cause to other’s property or people by causing an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 which means a limit of $25,000 per injured person, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount and claims can be made without the split limit restrictions.
Liability insurance covers claims such as pain and suffering, attorney fees and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but you should buy higher limits if possible. Kentucky state law requires minimum liability limits of 25,000/50,000/10,000 but you should think about purchasing more liability than the minimum.
UM/UIM Coverage
Your UM/UIM coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and damage to your vehicle.
Due to the fact that many Kentucky drivers carry very low liability coverage limits (25/50/10), it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages are identical to your policy’s liability coverage.
Medical costs insurance
Medical payments and Personal Injury Protection insurance provide coverage for bills such as hospital visits, ambulance fees, prosthetic devices, funeral costs and surgery. They are often used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Coverage applies to you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not available in all states and may carry a deductible
A tidy conclusion
We’ve covered a lot of information how to get a better price on auto insurance. The key concept to understand is the more companies you get premium rates for, the better likelihood of getting . Drivers may discover the lowest priced auto insurance comes from the least-expected company. Regional companies may often insure only within specific states and give getter rates than the large multi-state companies such as Progressive or Geico.
When trying to cut insurance costs, make sure you don’t sacrifice coverage to reduce premiums. There are too many instances where someone sacrificed liability limits or collision coverage and learned later they didn’t purchase enough coverage. Your aim should be to purchase a proper amount of coverage at the best cost while still protecting your assets.
Additional consumer information websites
More information is available on the through this link. Visitors are able to discover disciplinary actions, report car insurance fraud, find disaster information, and view a list of available companies.
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