Tightwads Guide for Saving on Caddo Mills Car Insurance

No one in their right mind looks forward to paying for car insurance, especially when the price is too high. Companies like GEICO and Progressive constantly bombard you with TV and radio ads and it can be hard to sift through the bull and find the best price available.

It's important to get comparison quotes occasionally because rates are constantly changing. Despite the fact that you may have had the best deal last year you may be paying too much now. So just forget anything you know (or think you know) about car insurance because you're going to learn the proper way to save on car insurance.

Automobile Insurance Quotes in Caddo Mills, TX

There are multiple methods to shop for car insurance, but some are more efficient than others. You could spend your day driving to insurance agencies in Caddo Mills, or you could use the web to get rate comparisons in just a few minutes.

All the larger companies participate in a marketplace that enables customers to enter their coverage request one time, and at least one company then returns a price quote based on that data. This saves time by eliminating repetitive form submissions to each individual car insurance company.

To submit your quote information now, click here (opens in new window).

The only downside to using this type of system is you are unable to specify which companies you want to price. If you would rather choose individual companies to compare rates, we have assembled a list of companies who write car insurance in Texas. Click to view list.

It's up to you which method you use, but make absolute certain that you use exactly the same coverage information on every quote. If you have unequal deductibles or liability limits you can't possibly make a fair comparison in Caddo Mills.

Understand what determines the rate you pay

It's important that you understand the different types of things that help determine your car insurance rates. Having a good understanding of what influences your rates helps enable you to make changes that may reward you with better car insurance rates.

The following are some of the factors that factor into rates.

Where you live - Living in a small town can be a good thing when it comes to car insurance. Fewer people means reduced accidents and also fewer theft and vandalism claims. Urban drivers have to deal with much more traffic to deal with and longer commutes to work. More time on the road translates into higher accident risk.
Bundling policies can get discounts - Many insurers will give a discount to policyholders who buy several policies from them such as combining an auto and homeowners policy. Discounts can be five, ten or even twenty percent. Even with this discount, it's still a good idea to shop around to confirm you are receiving the best rates possible.
Men pay higher rates - Statistics show women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. Men and women cause accidents at about the same rate, but the males have costlier accidents. They also receive more costly citations such as reckless driving. Young males are the most expensive to insure and thus pay the highest rates.
Small claims can cost you - If you file claims often, you can look forward to either higher rates or even cancellation. Car insurance companies in Texas award cheaper rates to drivers who do not rely on their insurance for small claims. Car insurance is meant to be used in the event of larger claims.

Don't pay full price with these discounts

The price of auto insurance can be rather high, but companies offer discounts to cut the cost considerably. Larger premium reductions will be automatically applied when you complete an application, but some must be asked for before they will apply. If you aren't receiving every discount you qualify for, you're just leaving money on the table.

Bundle and Save - When you have multiple policies with the same insurance company you may earn 10% to 20% off each policy.
Anti-lock Brake System - Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
55 and Retired - Older drivers may be able to get a discount up to 10%.
Federal Employees - Simply working for the federal government can earn a discount up to 10% with select insurance companies.
Passive Restraints - Factory air bags or motorized seat belts can qualify for discounts up to 30%.

Keep in mind that most discount credits are not given to your bottom line cost. Some only reduce specific coverage prices like collision or personal injury protection. Just because it seems like you could get a free car insurance policy, it just doesn't work that way. But any discount will reduce your premiums.

For a list of companies who offer car insurance discounts in Caddo Mills, click here to view.

Your personal situation dictates your coverage

When it comes to choosing proper insurance coverage for your vehicles, there really is not a best way to insure your cars. Your needs are not the same as everyone else's so your insurance should reflect that Here are some questions about coverages that might point out whether or not you would benefit from professional advice.

What is the difference between comprehensive and collision coverage?
Do I need PIP (personal injury protection) coverage in Texas?
Should I put collision coverage on all my vehicles?
Am I covered if I drive in a foreign country?
Should I drop comprehensive coverage on older vehicles?
Can I rate high risk drivers on liability-only vehicles?
Does my car insurance cover rental cars?

If you're not sure about those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don't have a local agent, complete this form or you can go here for a list of companies in your area. It's fast, free and you can get the answers you need.

More information is available on the website for the Texas Department of Insurance found here. Consumers can view agent and company licensing information, read consumer alerts, learn about insurance regulations, and download brochures.

In the end, you save

As you prepare to switch companies, it's a bad idea to reduce needed coverages to save money. In many instances, an insured cut liability limits or collision coverage only to find out that the small savings ended up costing them much more. The ultimate goal is to find the BEST coverage at the best price.

We just showed you some good ideas how you can lower your car insurance rates. The most important thing to understand is the more rate quotes you have, the more likely it is that you will get a better rate. You may even find the best price on car insurance is with a small mutual company. Smaller companies can often insure niche markets at a lower cost as compared to the big name companies such as .