Easy Techniques to Pay Less on Bloomington Auto Insurance

If price shopping auto insurance online is new to you, it's easy to get confused by the large number of auto insurance companies all offering big savings in Bloomington.

It's important to take a look at other company's rates periodically because prices are constantly changing. Just because you found the lowest price two years ago you will most likely find a better rate today. You'll find quite a bit of inaccurate information about auto insurance on the internet, so I'm going to show you some great ways to put money back in your pocket.

Be sure to get all your discounts

Car insurance companies don't always advertise all their discounts in a way that's easy to find, so we researched both the well known and the harder-to-find ways to save on auto insurance.

  • Accident Forgiveness - A handful of insurance companies will allow you to have one accident before your rates go up as long as you don't have any claims prior to the accident.
  • Good Student - Performing well in school can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Homeowners Savings - Owning a house in Bloomington may earn you a small savings due to the fact that maintaining a home shows financial diligence.
  • No Accidents - Good drivers with no accidents pay much less as compared to drivers who are more careless.
  • Sign Online - Certain companies may give you up to $50 just for signing your application digitally online.

It's important to note that most discount credits are not given to the entire policy premium. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So when the math indicates all the discounts add up to a free policy, you're out of luck.

How do I know if I need professional advice?

When it comes to buying the best auto insurance coverage for your vehicles, there really is not a perfect coverage plan. Everyone's situation is unique.

For example, these questions may help highlight whether or not you will benefit from professional help.

  • Does my policy cover me when driving someone else's vehicle?
  • Do I need to file an SR-22 for a DUI in Minnesota?
  • Does my policy cover my teen driver if they drive my company car?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Does medical payments coverage apply to all occupants?
  • Should I buy additional glass protection?

If it's difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed insurance agent. To find an agent in your area, complete this form.

Is there truth in advertising?

Auto insurance companies such as State Farm, GEICO and Progressive continually stream television and radio advertisements. They all seem to make the same claim that you can save after switching to their company. How can each company claim to save you money? This is how they do it.

All companies have a certain "appetite" for the driver that earns them a profit. For instance, a desirable insured might be between the ages of 40 and 55, a clean driving record, and chooses high deductibles. A customer getting a price quote who matches those parameters is entitled to the best price and is almost guaranteed to save when they switch companies.

Drivers who don't measure up to the requirements will have to pay higher premiums which leads to the customer not buying. Company advertisements say "drivers who switch" but not "drivers who get quotes" save that much. That is how insurance companies can state the savings. Because of the profiling, you should compare as many rates as you can. It's impossible to know which company will give you the biggest savings.

Additional Minnesota consumer information

Additional detailed information is located at the Minnesota Department of Commerce website. Visitors are able to learn about insurance regulations, file complaints about a company, and report car insurance fraud.

Minnesota auto insurance

Affordable insurance is out there

Lower-priced auto insurance can be sourced both online and also from your neighborhood Bloomington agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some insurance companies may not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

We covered some good ideas how to reduce auto insurance prices online. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may discover the lowest priced auto insurance comes from a smaller regional carrier.

Insureds change insurance companies for any number of reasons including denial of a claim, poor customer service, an unsatisfactory settlement offer and even high rates after DUI convictions. Regardless of your reason, switching auto insurance companies is less work than it seems.