How to Know You're Throwing Money Away for Car Insurance in Cordova

Are you tired of not being able to afford each month for car insurance? You are no different than many other Tennessee drivers.

Numerous battle for your business, so it's not easy to compare every to find the lowest rate

If you are paying for car insurance now, you will be able to lower your premiums substantially using this information. Finding affordable coverage in Cordova is easy if you know what you're doing. But Tennessee car owners do need to know the way insurance companies price insurance differently and apply this information to your search.

How to Lower your Car Insurance Rates

Consumers need to have an understanding of the factors that help determine your car insurance rates. Understanding what controls the rates you pay empowers consumers to make smart changes that will entitle you to big savings.

The following are a few of the "ingredients" used by your company to calculate prices.

More claims means more premium - If you file claims often, you can definitely plan on higher rates. Companies in Tennessee generally give better rates to people who do not file claims often. Insurance coverage is meant to be used in the event of major claims that would cause financial hardship.
Your car's features help determine rates - Driving a car that has an advanced theft prevention system can save you a little every year. Theft prevention features such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all hinder auto theft.
More miles equals more premium - Driving more miles every year the higher your rate. Almost all companies rate vehicles based on how the vehicle is used. Cars not used for work or commuting qualify for better rates compared to those used for work or business. Ask your agent if your car insurance coverage is showing the proper vehicle usage.
Do you need the policy add-ons? - There are a ton of extra bells and whistles that can waste your money on your policy. Coverages like vanishing deductibles, accident forgiveness and additional equipment coverage are some examples. They may seem like a good idea at first, but now you might not need them so get rid of them and save.
How's your driving record? - A bad driving record impacts your car insurance rates tremendously. Drivers who don't get tickets receive lower rates compared to drivers with tickets. Even a single ticket can bump up the cost by twenty percent. If you have flagrant violations like DUI or reckless driving may find they need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to keep their license.
Liability coverage is peace of mind - Liability coverage will protect you when you are found to be at fault for personal injury or accident damage. It provides for a legal defense which can cost thousands of dollars. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.
Drive a safer car and pay less - Vehicles with good safety scores get lower rates. The safest vehicles protect occupants better and fewer injuries translates into fewer and smaller insurance claims and lower rates for you.

How to Compare Car Insurance Costs in Cordova

There are several ways you can shop for car insurance but some are easier and takes less work. You can spend your afternoon talking to insurance agencies in Cordova, or you can utilize the web to get pricing more quickly.

Most of the larger companies belong to a marketplace that allows shoppers to submit one quote, and each company provides a quote based on that information. This prevents consumers from doing quote forms for each company you want a rate for.

To submit your quote information now, click here to open in new window.

One minor caviat to getting quotes like this is you are unable to specify which providers to get quotes from. So if you want to select specific insurance companies to compare rates, we have a page of low cost car insurance companies in Tennessee. Click to view list.

However you get your quotes, double check that you are using the exact same information for every quote you compare. If the quotes have higher or lower deductibles it will be next to impossible to determine the best price in Cordova. Slightly different insurance coverages can result in a big premium difference. It's important to know that comparing a large number of companies will increase your chances of finding the best price.

How much can you save with discounts?

Insuring your fleet can be pricey, but discounts can save money and there are some available to reduce the price significantly. Larger premium reductions will be automatically applied at the time of purchase, but less common discounts must be asked for prior to receiving the credit.

Student Driver Training - Cut your cost by having your teen driver successfully complete driver's ed class if it's offered in school.
Payment Method - By paying your policy upfront instead of making monthly payments you could save up to 5%.
Life Insurance Discount - Select insurance companies reward you with lower rates if you buy auto and life insurance together.
Driver Safety - Taking part in a driver safety course could save 5% or more if your company offers it.
Good Students Pay Less - This discount can be rewarded with saving of up to 25%. This discount can apply well after school through age 25.
Organization Discounts - Belonging to certain professional organizations may earn a discount when shopping for car insurance.
Low Mileage Discounts - Fewer annual miles can earn a substantially lower rate.
Multiple Policy Discount - If you insure your home and vehicles with one company you will save approximately 10% to 15%.
Claim Free - Claim-free drivers can save substantially when compared to accident-prone drivers.

Consumers should know that some of the credits will not apply to the entire cost. Most only reduce the cost of specific coverages such as liability and collision coverage. So despite the fact that it appears having all the discounts means you get insurance for free, companies don't profit that way. But all discounts will cut the amount you have to pay.

To choose insurance companies who offer car insurance discounts in Cordova, click here.

Save 15 percent in 15 minutes? Is it for real?

Car insurance providers like State Farm, Allstate and GEICO continually stream television and radio advertisements. They all have a common claim that you'll save big after switching your coverage to them. How do they all make the same claim?

All the different companies can use profiling for the type of customer that makes them money. For example, a driver they prefer could be a mature driver, has no tickets, and has great credit. A customer that hits that "sweet spot" will get the preferred rates and is almost guaranteed to cut their rates substantially.

Potential customers who don't meet the "perfect" profile will be quoted higher prices and this can result in business going elsewhere. The ads state "people who switch" but not "drivers who get quotes" save that much money. That's why companies can advertise the savings.

This emphasizes why you need to compare as many rates as you can. Because you never know the company that will give you the biggest savings.

Much more information about car insurance in Tennessee can be found on the website for the Tennessee Department of Commerce and Insurance through this link. Consumers can download brochures, view a list of available companies, file complaints about an insurance agent or broker, and discover disciplinary actions.

The best insurance company isn't always the cheapest

As you prepare to switch companies, you should never reduce coverage to reduce premium. There have been many situations where an insured dropped physical damage coverage only to discover later that the small savings ended up costing them much more. The proper strategy is to get the best coverage possible at an affordable rate while still protecting your assets.

We just showed you a lot of techniques to compare car insurance prices online. The most important thing to understand is the more providers you compare, the better likelihood of reducing your rate. Drivers may discover the best price on car insurance is with a company that doesn't do a lot of advertising. These smaller insurers may often insure only within specific states and give getter rates compared to the large companies like .