Free Guide to Paying Less for Corinth Auto Insurance Online

Have you had enough of trying to scrape together enough money each month for car insurance? Your situation is no different than millions of other consumers. There are many to buy insurance from, and although it's a good thing to be able to choose, it makes it harder to compare rates.

What determines how much you pay?

Consumers need to have an understanding of some of the elements that help determine the rates you pay for auto insurance. Knowing what impacts premium levels allows you to make educated decisions that could result in big savings.

  • Safer cars cost less to insure - Vehicles with good safety scores are cheaper to insure. Safe vehicles result in less severe injuries and any reduction in injury severity translates into fewer and smaller insurance claims and thus lower rates.
  • Special features that cut premiums - Driving a car with an alarm system can get you a discount on your auto insurance. Theft prevention features like GM's OnStar, tamper alarm systems and vehicle immobilizers all hinder your car from being stolen.
  • With age comes lower rates - Youthful drivers in New York are known to get distracted easily in a vehicle so they pay higher auto insurance rates. Mature drivers are more responsible, file fewer claims and are safer drivers.
  • Men pay higher rates - The statistics show that women are safer drivers than men. However, this does not mean women are better drivers. They both have accidents at a similar rate, but the male of the species have costlier accidents. Men also tend to get cited for more serious violations like DUI and reckless driving. Youthful male drivers are most likely to cause an accident and are penalized with high auto insurance rates.
  • Bundling policies can get discounts - Many companies will award you with lower prices to insureds who have multiple policies with them in the form of a multi-policy discount. Even if you're getting this discount you still need to comparison shop to make sure you are getting the best deal. You may still find better rates by insuring with multiple companies.
  • Your auto insurance rates can be influenced by your job - Did you know your occupation can influence how much you pay for auto insurance? Occupations such as real estate brokers, architects and financial analysts tend to pay higher average rates because of high stress levels and lots of time spent at work. Conversely, occupations like farmers, engineers and performers have the lowest average rates.
  • Extra add-on coverages are wasting money - There are a ton of extra bells and whistles that you can get tricked into buying when buying auto insurance. Coverages for vanishing deductibles, accidental death and motor club memberships are examples of these. These may sound like a good investment when you first buy your policy, but if you don't need them eliminate them to save money.

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How much can you save with discounts?

Companies that sell car insurance don't list all available discounts very clearly, so the following is a list of both the well known as well as the least known auto insurance savings. If you're not getting every credit available, you are paying more than you should be.

  • Fewer Miles Equal More Savings - Fewer annual miles could qualify for lower rates on the low mileage vehicles.
  • Payment Method - If you pay your bill all at once instead of making monthly payments you can actually save on your bill.
  • Student in College - Children living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • One Accident Forgiven - Certain companies will forgive one accident before hitting you with a surcharge so long as you haven't had any claims for a particular time prior to the accident.
  • Auto/Home Discount - If you insure your home and vehicles with one company you will save approximately 10% to 15%.
  • Accident Free - Claim-free drivers pay less when compared with accident-prone drivers.

As a disclaimer on discounts, most credits do not apply to the entire cost. Most only apply to individual premiums such as liability and collision coverage. So when the math indicates all those discounts means the company will pay you, auto insurance companies aren't that generous.

To choose insurers who offer auto insurance discounts in New York, follow this link.

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

Consumers in New York can't ignore all the ads for the lowest price auto insurance by companies like 21st Century, Allstate and State Farm. All the companies say the same thing about savings after switching to them.

How does each company claim to save you money?

All the different companies can use profiling for the type of driver that makes them money. A good example of a profitable customer might be between the ages of 40 and 55, has no tickets, and has great credit. A customer getting a price quote who fits that profile is entitled to the best price and is almost guaranteed to save when switching.

Potential customers who don't meet these standards must pay a higher premium which usually ends up with the customer not buying. Company advertisements say "customers that switch" but not "drivers who get quotes" save money. That's why companies can truthfully advertise the savings. This illustrates why you should get quotes from several different companies. It's impossible to know the company that will give you the biggest savings.

More New York auto insurance information

Even more information can be read at the New York Department of Financial Services website. Visitors are able to find disaster information, view a list of available companies, read enforcement actions against agents and companies, and learn about insurance regulations.

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Best coverage at the best price

Cheap auto insurance can be bought both online and with local Corinth insurance agents, so you should be comparing quotes from both to have the best rate selection. There are still a few companies who do not offer online price quotes and usually these small insurance companies provide coverage only through local independent agents.

As you prepare to switch companies, it's very important that you do not buy poor coverage just to save money. There are a lot of situations where an insured dropped collision coverage and discovered at claim time that the small savings ended up costing them much more. The proper strategy is to buy enough coverage at a price you can afford while not skimping on critical coverages.