Easy Methods to Spend Less on Bailey Auto Insurance

Price shopping your Bailey auto insurance is challenging for beginners to shopping for insurance online. There are so many options that it can quickly become a big hassle to find lower rates in Bailey.

These discounts can lower your rates

Car insurance companies don't always advertise every discount in a way that's easy to find, so here is a list some of the best known as well as the least known ways to save on auto insurance.

  • Seat Belts Save more than Lives - Drivers who require all occupants to buckle their seat belts could cut 10% or more off the personal injury premium cost.
  • Employee of Federal Government - Being employed by or retired from a federal job could cut as much as 10% off with a few auto insurance companies.
  • Multiple Policy Discount - When you combine your home and auto insurance with one insurance company you will save at least 10% off all policies.
  • Passive Restraint Discount - Cars that have air bags can qualify for discounts up to 30%.
  • Good Students Pay Less - A discount for being a good student can earn a discount of 20% or more. The discount lasts until age 25.

It's important to note that most discount credits are not given to the entire cost. Most only cut individual premiums such as comp or med pay. So despite the fact that it appears adding up those discounts means a free policy, you're out of luck.

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

Comparison of Auto Insurance in Bailey

Most companies allow you to get prices for coverage on their websites. Getting online quotes is fairly straightforward as you simply type in as detailed in the form. Once you submit the form, their system will obtain your driving record and credit report and generates pricing information based on many factors.

Online quotes makes comparing rates easy, but the time it takes to visit different websites and enter the same data into a form can be a bit repetitive. But it's very important to compare as many rates as possible in order to find better auto insurance pricing.

The preferred way to lower your auto insurance bill requires only one form to obtain quotes from many companies. The form is fast, requires less work, and makes online quotes much more enjoyable and efficient. After sending your information, it is rated and you can choose your choice of the price quotes you receive. If a lower price is quoted, you simply finish the application and purchase the new policy. The entire process only takes a few minutes and could lower your rates considerably.

To quickly find out what other companies charge, click here to open in new window and submit the form. If you have a policy now, it's recommended you type in the coverage information exactly as shown on your declarations page. This makes sure you will have an apples-to-apples comparison based on the exact same insurance coverage.

What determines how much you pay?

An important part of buying insurance is that you know the rating factors that go into determining auto insurance rates. Having a good understanding of what influences your rates allows you to make educated decisions that will entitle you to much lower annual insurance costs.

Listed below are some of the factors companies use to determine prices.

  • Always keep insurance in force - Allowing your coverage to lapse is a guaranteed way to bump up your auto insurance costs. And not only will your rates increase, getting caught without coverage may earn you a hefty fine and possibly a revoked license.
  • Claim-free discounts can add up - Companies in North Carolina give cheaper rates to drivers who file claims infrequently. If you are a frequent claim filer, you can look forward to either higher rates or even cancellation. Your insurance policy is intended to be relied upon for major claims that would cause financial hardship.
  • More than one policy can earn a discount - Most auto insurance companies provide better rates to people who consolidate policies with them such as combining an auto and homeowners policy. Discounts can be ten or even up to twenty percent in some cases. Even with this discount, you still need to compare rates to make sure you are getting the best deal. You may still be able to find better rates by splitting coverages up.
  • Better credit means lower rates - Having a bad credit score is a important factor in your rate calculation. If your credit is lower than you'd like, you could pay less to insure your by improving your credit score. Drivers with high credit scores tend to file fewer claims and have better driving records than those with poor credit.
  • A clean driving record saves money - A bad driving record has a huge affect on how much you pay. Even one speeding ticket can increase rates forty percent or more. Good drivers have lower premiums than bad drivers. If you have serious violations such as DWI, reckless driving or hit and run convictions may find they need to submit a SR-22 form with the DMV in their state in order to continue driving.
  • Discounts for married couples - Being married can actually save you money on your auto insurance policy. Having a significant other is viewed as being more mature and it's proven that drivers who are married are more cautious.
  • Rural vs Urban Areas - Being located in small towns and rural areas can save you money when buying auto insurance. Less people living in that area means fewer accidents and also fewer theft and vandalism claims. Drivers who live in large North Carolina cities tend to have traffic congestion and longer commutes to work. Longer commute distances can result in more accidents.
  • Safe vehicles cost less to insure - Vehicles with high crash test scores tend to have better insurance rates. The safest vehicles result in less severe injuries and better occupant protection translates into fewer and smaller insurance claims and more competitive rates for policyholders.

Are you falling for claims of savings?

Auto insurance providers like Progressive, Allstate and GEICO constantly bombard you with ads on television and other media. They all make the same claim that you can save if you switch to them. How can each company say the same thing?

Insurance companies can use profiling for the type of driver that is profitable for them. An example of a driver they prefer might be profiled as a mature driver, is a homeowner, and has great credit. A propective insured who matches those parameters will qualify for the lowest rates and as a result will probably save when they switch companies.

Consumers who are not a match for the requirements will be quoted higher rates which leads to business not being written. The ad wording is "customers that switch" not "everybody who quotes" save money. That's why insurance companies can advertise the savings. This emphasizes why drivers must compare as many rates as you can. It's not possible to predict the company that will fit your personal profile best.

Affordable insurance is out there

Insureds switch companies for a number of reasons such as being labeled a high risk driver, extreme rates for teen drivers, policy non-renewal or poor customer service. Regardless of your reason for switching companies, choosing a new insurance company is actually quite simple.

When you buy insurance online, it's a bad idea to reduce coverage to reduce premium. There are too many instances where an accident victim reduced liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. Your strategy should be to purchase a proper amount of coverage at a price you can afford while still protecting your assets.

Throughout this article, we presented some good ideas how to compare auto insurance prices online. The key thing to remember is the more price quotes you have, the better likelihood of reducing your rate. Drivers may discover the best price on auto insurance is with some of the lesser-known companies.

Learn more today

Additional detailed information is available at the North Carolina Department of Insurance website. North Carolina drivers can find a variety of consumer forms, download brochures, and read consumer alerts.