How to Know You're Throwing Money Away for Car Insurance in Ada

Are you sick and tired of trying to scrape together enough money each month for car insurance? You're in the same situation as most other car owners in Minnesota.

Having so many choices, it's difficult to pick the lowest cost insurance company.

Save big with these discounts

Insurance can be prohibitively expensive, but you can get discounts that can drop the cost substantially. Certain discounts will be triggered automatically when you purchase, but some must be asked for before being credited.

Fewer Miles Equal More Savings - Keeping the miles down can qualify you for better rates on cars that stay parked.
Driver's Ed - Have your child enroll in driver's education in high school.
Employee of Federal Government - Being employed by or retired from a federal job could cut as much as 10% off depending on your company.
Braking Control Discount - Anti-lock brake equipped vehicles prevent accidents and earn discounts up to 10%.
Good Students Pay Less - A discount for being a good student can earn a discount of 20% or more. The discount lasts up to age 25.

It's important to note that many deductions do not apply to the entire cost. A few only apply to individual premiums such as liability and collision coverage. Just because you may think adding up those discounts means a free policy, you're out of luck. But any discount will help reduce your overall premium however.

To see a list of insurers with the best car insurance discounts in Minnesota, click this link.

Compare the Market for Car Insurance in Ada

There are several ways to compare quotes and find the best price. The best method to find the lowest rates involves getting comparison quotes online. This can be done in a couple of different ways.

The best way to get quotes for comparison is to use a rate comparison form click to view form in new window. This form keeps you from doing separate quotation requests for each company you want a rate for. Taking the time to complete one form gets you coverage quotes from car insurance companies with the best prices.
Another way to get quotes online consists of going to the website for every company you want to comare and fill out their own quote form. For instance, let's say you want rates from , and . To get each rate you have to go to every website to enter your coverage information, which is why the first method is more popular. To view a list of companies in Ada, click here.
The hardest way of comparing rate quotes is to spend your day driving to different Ada agent offices. Buying insurance online has reduced the need for local agents unless you require the professional advice that only a license agent can provide. Drivers can obtain prices from the web and still use a local agent and we'll talk about that later.

It doesn't matter which method you choose, just double check that you are using apples-to-apples coverages for each comparison quote. If your comparisons have different limits and deductibles on each one it's not possible to determine the lowest rate in Ada. Having just a slight variation in limits may cause a big price difference. It's important to know that obtaining a wide range of quotes provides better odds of finding lower pricing.

Ada Rates are Influenced by These Factors

An important part of buying insurance is that you know the rating factors that come into play when calculating your car insurance rates. When you know what positively or negatively influences your rates enables informed choices that could result in much lower annual insurance costs.

Safer occupants lowers premiums - Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles reduce injuries and fewer injuries translates into fewer and smaller insurance claims passed on to you as lower rates.
Claim-free discounts can add up - If you are a frequent claim filer, you can definitely plan on either policy cancellation or increased premiums. Auto insurance companies in Minnesota give discounts to drivers who are claim-free. Your insurance policy is meant to be used in the event of major claims that would cause financial hardship.
Credit scores impact car insurance rates - A driver's credit rating is a important factor in your rate calculation. Drivers who have excellent credit tend to be better drivers and file fewer claims than drivers with poor credit. So if your credit rating can use some improvement, you could pay less to insure your by improving your rating.
Men fork out a little more - The statistics show women tend to be less risk to insure than men. However, don't assume that men are worse drivers. Both sexes tend to get into accidents at about the same rate, but the male of the species cause more damage and cost insurance companies more money. Men also tend to have more aggressive citations such as reckless driving.
Optional equipment can affect rates - Driving a car with an alarm system can help lower your rates. Anti-theft devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
Mature drivers pay less - Young drivers in Minnesota tend to get distracted easily in a vehicle so car insurance rates are higher. Mature drivers are more responsible, statistically cause fewer accidents and receive fewer citations.
Multiple policies with one company can save - The majority of car insurance companies will award you with lower prices to policyholders who carry more than one policy, otherwise known as a multi-policy discount. Even with this discount, you still need to compare rates to ensure the best deal. Consumers may find better rates by splitting coverages up.

Car insurance ads bend the truth

21st Century, Allstate and State Farm regularly use ads on TV and radio. All the companies make the same claim that you can save if you move to their company. But how can every company make the same claim?

Insurance companies can use profiling for the driver that is profitable for them. An example of a profitable customer could be between the ages of 40 and 55, has no tickets, and drives newer vehicles. A customer who matches those parameters receives the best rates and most likely will save a lot of money.

Consumers who fall outside this ideal profile must pay higher prices which leads to business going elsewhere. Company advertisements say "customers that switch" not "people who quote" save that much. That's why insurance companies can claim big savings.

This illustrates why drivers must get as many comparisons as possible. Because you never know the company that will give you the biggest savings.

Affordable insurance is out there

Lower-priced car insurance is definitely available from both online companies and also from your neighborhood Ada agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies may not provide the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

When trying to cut insurance costs, do not reduce coverage to reduce premium. There are a lot of situations where an insured dropped liability limits or collision coverage only to find out that it was a big mistake. The proper strategy is to buy enough coverage at a price you can afford while not skimping on critical coverages.

More Minnesota car insurance information

More information is available on the website for the Minnesota Department of Commerce located here. Consumers can find disaster information, download brochures, find out industry alerts, and learn about insurance regulations.

Additional helpful sites include this page for car insurance prices in Minnesota and this page of Ada insurance agents.