Confused by the number of auto insurance companies in Hollywood? Lot’s of other consumers are too. People have so many options that it can be a lot of work to find the best price.
It’s a great practice to check auto insurance prices at least once a year since rates are usually higher with each renewal. Even if you got the best rates on your last policy a different company probably has better rates today. Don’t believe everything you read about auto insurance on the web, but with this article, you’re going to get some great ideas on how to buy auto insurance cheaper.
Where Can I Get Cheap Hollywood Auto Insurance?
Performing a rate comparison can take time and effort if you don’t understand the most efficient way. You can waste hours driving to insurance companies in Hollywood, or you can utilize online quotes for quick rates.
Most of the best insurance companies take part in a program where insurance shoppers submit one quote, and every company then gives them pricing based on the submitted data. This eliminates the need for quote forms to each company.
To use this form to compare rates click here to start a free quote.
The only downside to getting quotes like this is you cannot specify the companies to receive prices from. If you wish to select individual companies to compare prices, we have a page of low cost auto insurance companies in Florida. Click here to view list.
Whichever method you choose, make sure you use identical coverage limits for every quote you compare. If the quotes have higher or lower deductibles it’s not possible to truly determine the lowest rate in Hollywood. Just a small difference in coverage limits can make a big difference in price. Just keep in mind that comparing a large number of companies will improve the odds of getting a better price.
Are you getting all your discounts?
Properly insuring your vehicles can get expensive, but there are discounts available to reduce the price significantly. A few discounts will automatically apply when you quote, but some must be inquired about prior to getting the savings.
- Senior Citizens – Older drivers can possibly qualify for reduced rates.
- Use Seat Belts – Drivers who require all occupants to use a seat belt can save up to 15% off the personal injury premium cost.
- Anti-lock Brake Discount – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
- One Accident Forgiven – Some insurance companies permit an accident without raising rates if you are claim-free for a certain period of time.
- E-sign – Some insurance companies will discount your bill up to fifty bucks for buying a policy and signing up digitally online.
- Student in College – Children who live away from home without a vehicle on campus can receive lower rates.
- Fewer Miles Equal More Savings – Keeping the miles down could qualify for lower rates on the low mileage vehicles.
- Student Driver Training – Make teen driver coverage more affordable by requiring them to take driver’s ed class if offered at their school.
- Good Student – Getting good grades can save 20 to 25%. The discount lasts up to age 25.
- Discount for Life Insurance – Companies who offer life insurance give a break if you buy auto and life insurance together.
It’s important to note that most discounts do not apply the the whole policy. The majority will only reduce the cost of specific coverages such as comprehensive or collision. So when the math indicates having all the discounts means you get insurance for free, it doesn’t quite work that way. But any discount will help reduce your overall premium however.
Good Decisions Result in Lower Rates
An important part of buying insurance is that you know some of the elements that play a part in calculating the price you pay for auto insurance. When you know what positively or negatively impacts premium levels allows you to make educated decisions that may reward you with lower auto insurance prices.
- More people means more accidents – Choosing to live in a rural area can save you money when insuring your vehicles. Drivers in populated areas regularly have traffic congestion and much longer commute distances. Fewer people means a lower chance of having an accident.
- Policy add-ons can waste money – There are a lot of add-on coverages that you can get tricked into buying on your auto insurance policy. Insurance for rental car reimbursement, accidental death and additional equipment coverage are some examples. They may seem good when you first buy your policy, but now you might not need them so eliminate the coverages to reduce your premium.
- Where do you drive? – The more you drive in a year the more you will pay for auto insurance. Most companies apply a rate determined by how the vehicle is used. Cars left parked in the garage can get a lower rate as compared to vehicles used primarily for driving to work. Make sure your auto insurance policy is rated on the correct driver usage, because it can save money.
- High credit ratings translate to low rates – Credit score is a important factor in calculating your auto insurance rates. People with high credit scores tend to be more responsible than drivers who have poor credit. If your credit score is low, you could save money insuring your by repairing your credit.
Auto insurance ads bend the truth
Auto insurance providers like Progressive, Allstate and GEICO constantly bombard you with ads in print and on television. They all have a common claim that you’ll save big if you switch to them. But how can every company say the same thing?
Different companies have a certain “appetite” for the type of customer they prefer to insure. An example of a desirable insured could possibly be a mature driver, has no prior claims, and drives less than 7,500 miles a year. A customer that hits that “sweet spot” will qualify for the lowest rates and therefore will save a lot of money.
Potential insureds who fall outside this ideal profile will have to pay more money which usually ends up with the driver buying from a lower-cost company. The ads state “drivers who switch” not “everyone that quotes” save money. That’s why companies can truthfully state the savings.
Because of the profiling, drivers must quote coverage with many companies. Because you never know which company will provide you with the cheapest rates.
One last thing about your coverage
As you shop your coverage around, it’s a bad idea to buy poor coverage just to save money. There have been many situations where someone dropped liability coverage limits only to discover later that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage at an affordable rate.
People change insurance companies for many reasons like high prices, lack of trust in their agent, policy cancellation or unfair underwriting practices. Whatever your reason, switching companies is pretty easy and you might even save some money in the process.
Cost effective auto insurance can be bought online in addition to many Hollywood insurance agents, so you should be comparing quotes from both in order to have the best chance of saving money. Some insurance providers do not provide online quoting and these small, regional companies work with independent agents.
Informative consumer insurance sites
Additional auto insurance information is available on the Florida Office of Insurance Regulation website. Click here for link. Consumers can file complaints about an insurance agent or broker, file complaints about a company, read industry bulletins, and read state legal mandates and laws.