How to Know You're Spending Too Much for Auto Insurance in Bellmore

Expensive auto insurance can empty your personal savings and put the squeeze on your family's finances. Shopping your coverage around is a great way to cut your insurance bill. There is such a variety of to buy insurance from, and although it's nice 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 insurance rates are constantly changing. Just because you found the best deal a year ago you will most likely find a better rate today. So ignore everything you know about auto insurance because it's time to teach you the proper way to save on auto insurance.

These discounts can lower your rates

Companies don't always advertise all their discounts very clearly, so here is a list some of the best known and also the lesser-known discounts you could be receiving. If you're not getting every credit you deserve, you are throwing money away.

College Student - Youth drivers who live away from home and don't have a car can be insured at a reduced rate.
Sign Online - Some insurance companies give back up to $50 just for signing your application over the internet.
Multiple Cars - Buying coverage for all your vehicles on one policy can get a discount on all vehicles.
Senior Discount - If you qualify as a senior citizen, you may receive a discount up to 10%.
Seat Belt Usage - Requiring all passengers to buckle their seat belts could save 15% off your PIP or medical payments premium.

It's important to note that some credits don't apply to all coverage premiums. Some only reduce specific coverage prices like liability, collision or medical payments. So despite the fact that it appears you could get a free auto insurance policy, you're out of luck.

Are you falling for claims of savings?

New York drivers get pounded daily by advertisements for car insurance savings from companies such as Progressive, GEICO, Allstate and State Farm. They all seem to have a common claim that you can save if you change your policy.

How does each company say the same thing? It's all in the numbers.

Different companies have a preferred profile for the right customer that earns them a profit. An example of a desirable insured might be profiled as between 25 and 40, insures multiple vehicles, and has excellent credit. A propective insured that hits that "sweet spot" will get very good rates and as a result will probably save when switching.

Potential customers who are not a match for these standards will have to pay a higher premium and this can result in business not being written. The ads say "customers who switch" not "everybody who quotes" save that kind of money. This is how insurance companies can make those claims. Because of the profiling, you should get a wide range of price quotes. It's not possible to predict which insurance companies will have the lowest rates.

Additional detailed information is available at the New York Department of Financial Services website. New York drivers can read enforcement actions against agents and companies, get help finding coverage, report car insurance fraud, and learn about insurance regulations.

In the end, you save

While you're price shopping online, it's very important that you do not buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced liability limits or collision coverage only to find out they didn't purchase enough coverage. Your aim should be to find the BEST coverage at the best price.

Lower-priced auto insurance can be sourced on the web in addition to many Bellmore insurance agents, so you should compare both to have the best rate selection. Some companies do not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.