How to Know You're Wasting Money for Auto Insurance in Cedar Creek
Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Trust us when we tell you you're not alone. Drivers have multiple to buy insurance from, and although it's nice to have multiple companies, it can be more challenging to compare rates.
It's important to take a look at other company's rates every six months since insurance rates are constantly changing. Even if you got the lowest rates on your last policy you will most likely find a better rate today. So block out anything you think you know about auto insurance because it's time to teach you the tricks you need to know to reduce your cost while increasing coverage.
How much can you save with discounts?
Car insurance is not cheap, but you can get discounts that many people don't even know exist. Some trigger automatically at the time of purchase, but lesser-known reductions have to be inquired about prior to receiving the credit. If you're not getting every credit possible, you are throwing money away.
- Theft Prevention System - Vehicles with anti-theft systems prevent vehicle theft and earn discounts up to 10%.
- Multi-car Discount - Buying insurance for more than one vehicle on one policy can get a discount on all vehicles.
- Homeowners Discount - Being a homeowner can save you money because owning a home is proof that your finances are in order.
- New Vehicle Savings - Insuring a new car is cheaper due to better safety requirements for new cars.
- Passive Restraints - Vehicles with factory air bags and/or automatic seat belt systems may earn rate discounts up to 30%.
It's important to note that some of the credits will not apply to all coverage premiums. Some only apply to specific coverage prices like comprehensive or collision. So despite the fact that it appears all those discounts means the company will pay you, you're out of luck. But any discount will bring down the amount you have to pay.
Save 15 percent in 15 minutes? Is it for real?
Texas drivers get pounded daily by advertisements that promise big savings by Allstate and Progressive. All the ads have a common claim that you can save if you switch to their company.
How does each company say the same thing? It's all in the numbers.
All the different companies are able to cherry pick for the driver that earns them a profit. For example, a preferred risk might be profiled as between 25 and 40, has no driving citations, and has great credit. A propective insured that hits that "sweet spot" will qualify for the lowest rates and is almost guaranteed to save when switching.
Potential customers who don't meet these standards will be charged higher prices and this can result in business not being written. The ad wording is "customers who switch" but not "drivers who get quotes" save that much. That's the way insurance companies can advertise the savings.
That is why you should compare as many rates as you can. It's not possible to predict which auto insurance company will fit your personal profile best.
Learn more about Texas auto insurance
More information can be found on the website for the Texas Department of Insurance found here. Texas drivers can read consumer alerts, report car insurance fraud, get help finding coverage, and read enforcement actions against agents and companies.
In the end, you save
When you buy insurance online, never buy lower coverage limits just to save a few bucks. Too many times, someone sacrificed uninsured motorist or liability limits only to regret that the few dollars in savings costed them thousands. The aim is to get the best coverage possible at the best price, not the least amount of coverage.
Lower-priced auto insurance can be found on the web and also from your neighborhood Cedar Creek agents, so you should compare both so you have a total pricing picture. There are still a few companies who may not provide you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.
