Top 7 Ways to Save Money on Car Insurance in Alexandria Bay

Having to pay for overpriced car insurance can overdraw your personal savings and force you to make sacrifices. Comparing price quotes is a smart way to cut your insurance bill. There is such a variety of to buy insurance from, and though it is a good thing to have multiple companies, so many choices can make it hard to compare rates.

It's important to get comparison quotes on a regular basis since rates are constantly changing. Even if you think you had the lowest rates a few years ago you will most likely find a better rate today. So just ignore everything you know about car insurance because we're going to show you the tricks you need to know to save on car insurance.

Finding the best rates in Alexandria Bay is quite easy. If you currently have car insurance, you stand a good chance to be able to lower your premiums substantially using this strategy. New York drivers only need an understanding of how to shop for car insurance on the web.

These seven discounts can lower your rates

Companies don't always list all their discounts very clearly, so we break down some of the more common and also the lesser-known car insurance savings. If you're not getting every credit you deserve, you are throwing money away.

  • Sign Online - Some insurance companies will give a small break simply for signing over the internet.
  • Safety Course Discount - Taking a driver safety course could cut 5% off your bill if you qualify.
  • Bundle and Save - If you have multiple policies with one insurance company you could get a discount of 10% to 20% off each policy.
  • Government Employees - Active or retired federal employment can earn a discount up to 10% with select insurance companies.
  • Discount for Life Insurance - Larger companies have a discount if you purchase life insurance from them.
  • Own a Home - Owning a house in Alexandria Bay may trigger a car insurance policy discount because maintaining a house is proof that your finances are in order.
  • Military Discounts - Having a deployed family member could be rewarded with lower premiums.

It's important to understand that most credits do not apply to all coverage premiums. Some only apply to specific coverage prices like liability, collision or medical payments. Just because it seems like you would end up receiving a 100% discount, it doesn't quite work that way.

Are you falling for claims of savings?

Consumers get pounded daily by advertisements for car insurance savings from companies such as State Farm, GEICO and Progressive. They all seem to say the same thing of big savings if you change your policy.

How does each company make the same claim? It's all in the numbers.

Different companies have a preferred profile for the right customer that earns them a profit. For example, a desirable insured could be over the age of 40, insures multiple vehicles, and drives less than 7,500 miles a year. Any new insured who fits that profile will qualify for the lowest rates and as a result will probably save when switching.

Drivers who are not a match for these standards will have to pay a higher premium which usually ends up with business going elsewhere. The ad wording is "customers who switch" not "everybody who quotes" save that kind of money. This is how insurance companies can confidently advertise the way they do. Because of the profiling, you should compare many company's rates. It's just too difficult to predict which insurance companies will provide you with the cheapest rates.

More tips and info about car insurance can be found at the New York Department of Financial Services website. Consumers can get help finding coverage, discover disciplinary actions, read consumer alerts, and download brochures.

And the best car insurance company is...

Low-cost car insurance is attainable from both online companies in addition to many Alexandria Bay insurance agents, and you need to comparison shop both to have the best selection. Some car insurance companies do not provide you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.

When shopping online for car insurance, it's very important that you do not buy lower coverage limits just to save a few bucks. In many cases, drivers have reduced uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. Your aim should be to get the best coverage possible at the best price.