9 Simple Methods to Cut Car Insurance Costs in Bear Lake

No one cherishes buying car insurance, especially when the cost is way too high.

Numerous battle to insure your vehicles, and it can be difficult to compare rates and get the best coverage at the lowest price

It's important to get comparison quotes periodically since rates are constantly changing. Just because you found the best price on your last policy you can probably find a better price now. Block out anything you think you know about car insurance because I'm going to let you in on the secrets to the quickest way to find better coverage at a better price.

If you have car insurance now, you should be able to lower your premiums substantially using these techniques. Choosing the best insurance company for you in Bear Lake is easy if you know what you're doing. But Michigan car owners do need to know the way insurance companies sell online and apply this information to your search.

Michigan car insurance

More discounts equal less premium

Car insurance can cost a lot, but companies offer discounts that you may not know about. Larger premium reductions will be automatically applied at the time of purchase, but a few need to be inquired about prior to receiving the credit.

  • Discount for Swiching Early - A few companies offer discounts for switching to them prior to your current policy expiration. The savings is around 10%.
  • Good Student - This discount can get you a discount of up to 25%. This discount can apply up until you turn 25.
  • Organization Discounts - Belonging to certain professional organizations could trigger savings on your policy.
  • Multiple Cars - Having all your vehicles with the same company could earn a price break for each car.
  • Multi-policy Discount - If you insure your home and vehicles with the same insurance company you may earn up to 20% off your total premium.
  • Seat Belts Save more than Lives - Requiring all passengers to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
  • No Claims - Good drivers with no accidents can save substantially compared to accident-prone drivers.
  • Student Driver Training - Cut your cost by having your teen driver take driver's ed class if offered at their school.
  • Low Mileage - Low mileage vehicles can earn better rates on cars that stay parked.

Drivers should understand that most discount credits are not given to the entire policy premium. Most only apply to the cost of specific coverages such as medical payments or collision. So when the math indicates you can get free auto insurance, companies wouldn't make money that way. But all discounts will cut your premiums.

To choose providers with discount car insurance rates in Bear Lake, click this link.

Switch companies and save? Really?

Companies like State Farm and Allstate consistently run ads in print and on television. All the ads make the same claim that you'll save big if you change your policy. How do they all make the same claim?

All companies have a certain "appetite" for the right customer that makes them money. For example, a preferred risk could be a mature driver, a clean driving record, and has great credit. Any new insured who matches those parameters is entitled to the best price and therefore will cut their rates substantially.

Potential customers who do not match the "perfect" profile will be charged higher prices which leads to business going elsewhere. The ads state "people who switch" not "everyone that quotes" save that kind of money. That is how companies can advertise the savings.

That is why you should get as many comparisons as possible. It's just too difficult to predict which company will fit your personal profile best.

It's not one size fits all

When buying the right insurance coverage for your vehicles, there is no "perfect" insurance plan. Everyone's needs are different so this has to be addressed. Here are some questions about coverages that may help highlight if you would benefit from professional advice.

  • Does my car insurance cover rental cars?
  • Why am I required to buy high-risk coverage?
  • Are rental cars covered under my policy?
  • Am I covered when driving on a suspended license?
  • Am I covered when driving in Canada or Mexico?
  • Why am I be forced to buy a membership to get insurance from some companies?

If it's difficult to answer those questions but a few of them apply, you might consider talking to a licensed agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of car insurance companies in your area.

Much more information about car insurance in Michigan can be found on the website for the Michigan Office of Financial and Insurance Regulation through this link. Consumers can learn about specific coverages, file complaints about a company, find out which companies have the most complaints, and report car insurance fraud.

Michigan car insurance

Shop smart and save

You just learned some good ideas how to save on car insurance. It's most important to understand that the more you quote, the more likely it is that you will get a better rate. You may even find the best price on car insurance is with an unexpected company. Some small companies may only write in your state and offer lower rates as compared to the big name companies such as .

Budget-conscious car insurance can be sourced from both online companies in addition to many Bear Lake insurance agents, and you need to price shop both so you have a total pricing picture. There are still a few companies who do not provide online price quotes and many times these regional insurance providers only sell through independent insurance agents.

When you buy insurance online, never buy poor coverage just to save money. There have been many cases where someone dropped physical damage coverage only to regret at claim time that the few dollars in savings costed them thousands. Your goal should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.