Car Insurance in Bennington - 7 Discounts You Might be Losing Out On

Expensive car insurance can take a big chunk out of your savings account and make it hard to pay other bills. Comparison shopping is a great way to cut your insurance bill.

Online insurance companies like State Farm, Allstate, GEICO and Progressive continually hit you with fancy advertisements and it is difficult to sift through the bull and find the best price available.

It's important to price shop coverage on a regular basis since rates are constantly changing. Even if you got the lowest price six months ago a different company probably has better rates today. There is a lot of bad advice regarding car insurance on the internet, so I'm going to show you some great ways to find cheap car insurance.

Policy discounts you shouldn't miss

Companies that sell car insurance do not list all their discounts in a way that's easy to find, so we researched both the well known and also the lesser-known discounts you could be receiving.

  • Life Insurance Discount - Companies who offer life insurance give better rates if you take out life insurance from them.
  • Accident Waiver - A handful of insurance companies allow you one accident before your rates go up as long as you don't have any claims for a certain period of time.
  • Anti-theft System - Vehicles with anti-theft systems help deter theft and earn discounts up to 10%.
  • Payment Discounts - By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
  • Save with a New Car - Buying coverage on a new vehicle is cheaper compared to insuring an older model.
  • Sign Online - Some insurance companies may give you up to $50 for buying your policy digitally online.
  • Government Employees - Active or retired federal employment can earn a discount up to 10% with select insurance companies.

As a disclaimer on discounts, some of the credits will not apply to all coverage premiums. Most only cut specific coverage prices like collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, car insurance companies aren't that generous.

Nebraska car insurance quotes

Save $429 a year? Really?

Car insurance companies such as GEICO, State Farm and Progressive constantly bombard you with television and radio advertisements. They all seem to have a common claim about savings if you switch your policy. How can each company claim to save you money? It's all in the numbers.

Different companies have a preferred profile for the right customer that earns them a profit. For instance, a desirable insured might be between the ages of 40 and 55, insures multiple vehicles, and has a high credit rating. Any new insured that hits that "sweet spot" will qualify for the lowest rates and is almost guaranteed to save when they switch companies.

Consumers who don't qualify for the requirements will have to pay higher prices and this can result in the customer not buying. The ad wording is "customers who switch" but not "drivers who get quotes" save that kind of money. This is how companies can truthfully state the savings. Because of the profiling, drivers should get quotes from several different companies. It's just too difficult to predict which insurance companies will have the lowest rates.

Even more information is located at the Nebraska Department of Insurance website. Visitors are able to file complaints about an insurance agent or broker, learn about insurance regulations, read consumer alerts, and view a list of available companies.

Final considerations

As you restructure your insurance plan, it's not a good idea to skimp on coverage in order to save money. In many instances, drivers have reduced collision coverage and learned later that they should have had better coverage. The ultimate goal is to purchase a proper amount of coverage at the best price.

Cheap car insurance can be found both online in addition to many Bennington insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some insurance companies do not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.