Consumer Tested Strategies to Save on Edmonton Car Insurance

Expensive car insurance can drain your savings account and force you to make sacrifices. Shopping your coverage around is a smart way to help make ends meet. Insurance companies such as State Farm, Allstate, GEICO and Progressive constantly bombard you with catchy ads and it is difficult to sift through the bull and find the best price available.

Learn How to Buy Car Insurance Cheaper

Consumers need to have an understanding of some of the elements that play a part in calculating your car insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that could result in better car insurance rates.

Shown below are a partial list of the pieces that factor into premiums.

Extra add-on coverages are wasting money - There are quite a few add-on coverages that you can get tricked into buying on your policy. Insurance for rental car reimbursement, accidental death and membership fees are examples of these. These coverages may sound good when you first buy your policy, but your needs may have changed so eliminate the coverages to reduce your premium.
Your spouse saves you money - Having a wife or husband helps lower the price when buying car insurance. Having a spouse usually means you are more mature and it's proven that married drivers get in fewer accidents.
Drive a safer car and pay less - Safer cars are cheaper to insure. Safe vehicles have better occupant injury protection and fewer injuries translates into savings for insurance companies and more competitive rates for policyholders.
Better credit scores mean better rates - A driver's credit score is a important factor in determining what you pay for car insurance. Consumers who have high credit scores tend to be less risk to insure than those with lower ratings. If your credit rating is low, you could save money insuring your by improving your credit score.
Teen drivers pay high rates - More mature drivers are more responsible, tend to cause fewer accidents and get fewer tickets. Young drivers have a tendency to be less responsible when driving and because of this, their car insurance rates are much higher.
High deductibles save money - Your deductibles represent how much money you are willing to pay out-of-pocket before your car insurance pays a claim. Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of claims that would be covered are colliding with a building, damage from fire, and windstorm damage. The more the insured has to pay upfront, the bigger discount you will receive.

How to Lower Your Car Insurance Cost in Edmonton, Kentucky

All major car insurance companies allow you to get coverage price quotes directly from their websites. The process doesn't take a lot of time as you just enter the coverages you want as detailed in the form. After the form is submitted, their rating system will obtain your credit score and driving record and gives you a price quote based on many factors. Online quotes makes it a lot easier to compare rates but the process of having to visit a lot of sites and type in the same information is not the best way to spend an afternoon. But it's very important to get many rate quotes in order to find better car insurance pricing.

The preferred way to find lower prices utilizes a single form that gets prices from multiple companies. The form is fast, reduces the work, and makes online shopping much easier to do. As soon as you send your information, it is rated with multiple companies and you can pick your choice of the resulting price quotes.

If a lower price is quoted, you can click and sign and buy the policy. The entire process just takes a couple of minutes and could lower your rates considerably.

If you want to find out what other companies charge, click here to open in new window and submit your coverage information. If you have coverage now, it's recommended that you enter the limits and deductibles exactly as shown on your declarations page. This makes sure you will be getting a fair comparison for the exact same coverage.

These discounts can lower your rates

Insurance can be prohibitively expensive, buy you may qualify for discounts to help bring down the price. Some trigger automatically at the time of purchase, but less common discounts must be manually applied prior to receiving the credit. If you aren't receiving every discount you deserve, you are paying more than you should be.

Fewer Miles Equal More Savings - Low mileage vehicles could be rewarded with lower rates on the low mileage vehicles.
Paperless Signup - Some insurance companies will give a small break just for signing your application digitally online.
Military Discounts - Having a deployed family member could be rewarded with lower premiums.
Pay Now and Pay Less - If you pay your bill all at once instead of making monthly payments you could save 5% or more.
Student in College - Children who are attending college and don't have a car can be insured at a reduced rate.

It's important to note that most credits do not apply to all coverage premiums. Most only reduce individual premiums such as liability and collision coverage. So when the math indicates you could get a free car insurance policy, you're out of luck. But any discount will reduce the cost of coverage.

To choose insurers with discount car insurance rates in Edmonton, follow this link.

Are you falling for claims of savings?

Consumers can't ignore all the ads for car insurance savings from companies such as 21st Century, Allstate and State Farm. All the companies say the same thing that you can save if you change your policy.

How can each company make the same claim?

Different companies have a preferred profile for the right customer that makes them money. For instance, a profitable customer could be between 25 and 40, insures multiple vehicles, and drives less than 7,500 miles a year. A customer who fits that profile will get the preferred rates and as a result will probably save when they switch companies.

Potential customers who are not a match for the requirements must pay higher prices which usually ends up with business going elsewhere. The ads state "customers that switch" not "everybody who quotes" save that kind of money. This is how insurance companies can advertise the way they do.

This illustrates why you need to quote coverage with many companies. Because you never know which insurance companies will provide you with the cheapest rates.

More information is located on the website for the Kentucky Department of Insurance located here. Consumers can discover disciplinary actions, get help finding coverage, find disaster information, and find out industry alerts.

A tidy conclusion

Lower-priced car insurance is attainable from both online companies in addition to many Edmonton insurance agents, so you should compare both so you have a total pricing picture. Some car insurance companies do not provide online price quotes and usually these small, regional companies provide coverage only through local independent agents.

When shopping online for car insurance, it's not a good idea to reduce coverage to reduce premium. There are a lot of situations where drivers have reduced liability coverage limits only to discover later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to get the best coverage possible at a price you can afford while not skimping on critical coverages.