9 Money Saving Ideas Shown to Slash the Cost of Car Insurance Costs in Andrews

I can't think of a single person who likes having to buy car insurance, especially when their premiums are through the roof. There are many to pick from, and even though it's nice to be able to choose, it makes it harder to compare rates.

It's important to check car insurance prices occasionally since rates are constantly changing. If you had the lowest rates last year you can probably find a better price now. Starting right now, forget anything you know (or think you know) about car insurance because we're going to show you the tricks you need to know to save money, get proper coverage and the best rates.

These nine discounts can lower your rates

The cost of insuring your cars can be expensive, but there are discounts available that can drop the cost substantially. Larger premium reductions will be automatically applied at the time of purchase, but lesser-known reductions have to be asked for prior to receiving the credit. If you're not getting every credit you qualify for, you are paying more than you should be.

College Student - Children who attend school more than 100 miles from home without a vehicle on campus can be insured at a reduced rate.
Bundle and Save - If you insure your home and vehicles with one insurance company you may earn up to 20% off your total premium.
Federal Employees - Employees or retirees of the government can save as much as 8% with select insurance companies.
Anti-lock Brake Discount - Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
55 and Retired - If you're over the age of 55, you can possibly qualify for reduced rates.
Drivers Education - Cut your cost by having your teen driver complete a driver education course in high school.
Drive Less and Save - Keeping the miles down can earn lower rates on the low mileage vehicles.
Defensive Driving Course - Completing a driver safety course can save you 5% or more if your company offers it.
Discount for Life Insurance - Companies who offer life insurance give a discount if you purchase a life insurance policy as well.

As a disclaimer on discounts, most credits do not apply to your bottom line cost. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like it's possible to get free car insurance, car insurance companies aren't that generous. Any amount of discount will bring down the cost of coverage.

To choose companies with the best car insurance discounts in North Carolina, follow this link.

Are you falling for claims of savings?

Consumers can't ignore all the ads for cheaper car insurance by companies like Progressive, GEICO, Allstate and State Farm. They all seem to say the same thing about savings if you move to them.

How does each company make the same claim?

All companies have a certain "appetite" for the type of driver that makes them money. For example, a desirable insured could be a mature driver, owns a home, and has great credit. Any new insured who fits that profile gets the lowest rates and as a result will probably save when switching.

Potential customers who are not a match for these standards will have to pay higher prices which usually ends up with business going elsewhere. Company advertisements say "people who switch" not "everybody who quotes" save money. That is how companies can truthfully advertise the savings.

Because of the profiling, you should quote coverage with many companies. It's just too difficult to predict which company will give you the biggest savings.

Different people need different coverages

When buying adequate coverage for your vehicles, there isn't really a "perfect" insurance plan. Each situation is unique and a cookie cutter policy won't apply. For instance, these questions might point out whether you would benefit from professional advice.

What are North Carolina no-fault laws?
Am I covered when driving in Canada or Mexico?
Do I have coverage for damage caused while driving under the influence?
What is the difference between comprehensive and collision coverage?
Does my insurance cover a custom paint job?
Do I need to file an SR-22 for a DUI in North Carolina?
Should I buy additional glass protection?

If you don't know the answers to these questions but a few of them apply, you may need to chat with an agent. To find an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It is quick, free and can provide invaluable advice.

Additional information can be found on the website for the North Carolina Department of Insurance through this link. Consumers can read enforcement actions against agents and companies, read consumer alerts, download brochures, and view agent and company licensing information.

Other informative sites include Auto Insurance 101 and this page of insurance agents in Andrews.

A tidy conclusion

As you prepare to switch companies, make sure you don't buy poor coverage just to save money. There are many occasions where an insured cut uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. Your aim should be to buy the best coverage you can find at an affordable rate.

You just learned a lot of information how to save on car insurance. The key concept to understand is the more times you quote, the better your chances of lowering your rates. Drivers may discover the best price on car insurance is with a company that doesn't do a lot of advertising. Some small companies may have significantly lower rates on certain market segments than the large multi-state companies such as .