Wasting Money on Auto Insurance in Randolph Vermont? Here’s How to Save!

Finding lower premiums on Randolph auto insurance can be challenging for people who are new to comparing rates online. Consumers have so many choices that it can quickly become a real hassle to find the best price in Randolph.

Tips to Get Lower Randolph Rates

An important part of buying insurance is that you know the factors that go into determining your auto insurance rates. When you know what positively or negatively determines base rates enables informed choices that will entitle you to much lower annual insurance costs.

Listed below are some of the items auto insurance companies consider when setting prices.

  • Your auto insurance rates can be influenced by your job – Did you know your auto insurance rates can be affected by your occupation? Careers like judges, business owners and dentists tend to pay the highest average rates in part from stressful work requirements and long work hours. Other occupations like actors, historians and performers have the lowest average rates.
  • Bundling policies can get discounts – Most insurance companies give discounts to customers who consolidate policies with them. It’s known as a multi-policy discount. This can amount to 10 percent or more. If you currently are using one company, you still need to compare other company rates to make sure you are getting the best deal.
  • Better crash test results mean better rates – Cars with high safety ratings tend to have better insurance rates. Safe vehicles protect occupants better and better occupant protection means less money paid by your insurance company and thus lower rates.
  • Your car’s features help determine rates – Driving a car with an alarm system can save you a little every year. Anti-theft features such as vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your car from being stolen.
  • Traffic citations inflate rates – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one citation can increase rates twenty percent or more. Good drivers receive lower rates than bad drivers. Drivers with serious tickets like DWI, reckless driving or hit and run convictions are required to file a SR-22 with the DMV in their state in order to continue driving.

Free Randolph Auto Insurance Quotes

Finding a better price on auto insurance doesn’t have to be difficult. Drivers just need to spend a little time to get quotes provided by online insurance companies. It is quite easy and can be accomplished using a couple different methods.

  • The single most time-saving way to get quotes is a comparison rater form (click to open form in new window). This easy form saves time by eliminating separate forms for every auto insurance company. One simple form will return price quotes from many national carriers. This is perfect if you don’t have a lot of time.
  • A different way to analyze rates consists of visiting each company’s website to request a price quote. For sake of this example, we’ll assume you want rates from GEICO, State Farm and Travelers. To get each rate you have to go to every website and enter your information, and that’s why the first method is more popular. To view a list of companies in Randolph, click here.
  • The least recommended method to compare rates is to spend your day driving to and from local insurance agencies. The internet has reduced the need for local agents unless you have a need for the professional advice of a local agent. Drivers can obtain prices from the web but still have the advice of a local agent and you’ll learn how to do that later.

It’s up to you which method you use, but make absolute certain that you use apples-to-apples coverage limits and deductibles for every company. If you compare different deductibles it will be very difficult to determine the best price in Randolph.

These discounts can lower your rates

Car insurance can cost a lot, but there are discounts available that many people don’t even know exist. Larger premium reductions will be automatically applied when you purchase, but a few need to be asked for prior to receiving the credit. If you don’t get every credit available, you’re just leaving money on the table.

  • Homeowners Savings – Simply owning a home may trigger a auto insurance policy discount because of the fact that having a home is proof that your finances are in order.
  • Good Students Pay Less – A discount for being a good student can get you a discount of up to 25%. Earning this discount can benefit you up to age 25.
  • Seat Belts Save more than Lives – Drivers who require all occupants to buckle their seat belts could save 15% on the medical payments or PIP coverage costs.
  • Student in College – Children who attend school more than 100 miles from home and do not have a car can be insured at a reduced rate.
  • Life Insurance Discount – Select insurance companies reward you with better rates if you take out a life insurance policy as well.
  • Driver’s Ed – Cut your cost by having your teen driver enroll in driver’s education if offered at their school.
  • Memberships – Affiliation with a qualifying organization is a good way to get lower rates on your policy.
  • New Car Discount – Adding a new car to your policy can cost up to 25% less compared to insuring an older model.
  • Government Employees – Simply working for the federal government can save as much as 8% with certain companies.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.

It’s important to understand that most credits do not apply to the overall cost of the policy. Most only cut the cost of specific coverages such as medical payments or collision. Just because it seems like you can get free auto insurance, auto insurance companies aren’t that generous. Any qualifying discounts will bring down the amount you have to pay.

To see a list of insurance companies offering auto insurance discounts in Vermont, click this link.

Buying car insurance locally

Some people would rather talk to a local agent and that is just fine! Insurance agents are trained to spot inefficiencies and help file insurance claims. One of the best bonuses of comparing insurance prices online is you may find better rates but still work with a licensed agent. And providing support for local agencies is important particularly in Randolph.car insurance image

For easy comparison, once you complete this form (opens in new window), your information is sent to participating agents in Randolph who will give you bids for your insurance coverage. You won’t need to visit any agencies as quotes are delivered straight to your inbox. It doesn’t get any easier!

Not all insurance agents are the same

When searching for local Randolph agents, there are two types of insurance agents that you can select. Insurance agencies in Randolph are classified as either captive or independent. Both do a good job, but it’s important to know the difference between them since it can impact your selection of an agent.

Independent Insurance Agents

Independent agents do not work for one specific company so they have the ability to put coverage with any number of different companies and possibly get better coverage at lower prices. If your agent finds better pricing, your agent can switch companies and you don’t have to find a new agent. When shopping rates, you should always contact at least one independent agent to ensure the widest selection of prices. They also have the ability to place coverage with lesser-known insurance companies which can save you money.

Listed below are independent agencies in Randolph willing to provide rate quotes.

  • Frankenburg Agency Inc – 8 S Main St – Randolph, VT 05060 – (802) 728-9158
  • Holden Agency – 1 Meadow Ln – Randolph, VT 05060 – (802) 728-4434
Captive Agents

This type of agents can only write with one company and some examples include American Family, Liberty Mutual and AAA. Captives cannot place coverage with different providers so they have no alternatives for high prices. They are trained well on the products they sell which helps them sell insurance even at higher premiums. Some consumers prefer to choose to use a captive agent primarily because of the prominence of the brand and strong financial ratings.

Selecting an insurance agent shouldn’t rely on just the premium amount. Here are some questions to ask:

  • If your car is totalled, how to they determine the replacement cost?
  • Are claims handled at the agent’s location?
  • Do they have any clout with companies to ensure a fair claim settlement?
  • Do they specialize in personal lines coverage?
  • Which insurance companies are they affiliated with?
  • Is their price quote a firm figure or are their hidden costs?
  • Do they carry Errors and Omissions coverage?
  • Are they full-time agents?

After getting reasonable responses to all your questions and a good coverage price, most likely you have located an auto insurance agent that will service your policy.

Do I just need basic coverages?

When choosing the best auto insurance coverage, there isn’t really a cookie cutter policy. Everyone’s needs are different.

For instance, these questions might point out if your situation will benefit from professional help.

car insurance image

  • Is pleasure use cheaper than using my vehicle to commute?
  • What happens if I owe more than my vehicle is worth?
  • Am I covered when driving someone else’s vehicle?
  • Is my teen driver covered when they drive my company car?
  • Do I have coverage for damage caused while driving under the influence?
  • How can I get high-risk coverage after a DUI?

If you can’t answer these questions but a few of them apply, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can help protect your family.

Additional auto insurance information is located on the Vermont Department of Financial Regulation website through this link. Vermont drivers can find out which companies have the most complaints, discover disciplinary actions, find a variety of consumer forms, and learn about insurance regulations.

Compare but don’t skimp

We covered a lot of information how to save on auto insurance. It’s most important to understand that the more companies you get rates for, the better your comparison will be. You may be surprised to find that the best prices are with a lesser-known regional company.

When shopping online for auto insurance, don’t be tempted to buy poor coverage just to save money. In many cases, someone dropped liability limits or collision coverage only to regret that they should have had better coverage. The proper strategy is to find the BEST coverage for the lowest price while still protecting your assets.

People change insurance companies for any number of reasons including high prices, lack of trust in their agent, policy cancellation or even unfair underwriting practices. Regardless of your reason for switching companies, switching auto insurance companies can be pretty painless.