Finding Cheap Ely Car Insurance

I can't think of a single person who cherishes buying car insurance, particularly when their premiums are through the roof. You have so many to buy insurance from, and even though it's nice to be able to choose, lots of choices makes it harder to compare rates.

Finding the cheapest protection in Ely is not that difficult. If you have a current car insurance policy or need new coverage, you will benefit by learning to find the best rates while maintaining coverages. Minnesota vehicle owners just need to know the proper methods to compare rates over the internet.

Tips to Get Lower Ely Rates

Consumers need to have an understanding of some of the elements that help determine the rates you pay for car insurance. Knowing what controls the rates you pay empowers consumers to make smart changes that could result in lower car insurance prices.

Lower deductibles cost more - Your deductibles represent how much money you are required to spend if you file a covered claim. Coverage for physical damage, also known as collision and other-than-collision, insures against damage to your car. A few examples of covered claims would be colliding with a building, damage caused by hail, or theft. The higher the amount you have to pay, the lower your rates will be.
High credit ratings translate to low rates - A driver's credit history is a large factor in determining your rates. If your credit score is not that good, you could save money insuring your by spending a little time repairing your credit. People with excellent credit tend to be more responsible as compared to drivers with lower credit scores.
More miles equals more premium - Driving more miles each year the more you'll pay to insure your vehicle. Almost all companies charge to insure your cars based on how the vehicle is used. Vehicles left parked in the garage qualify for better rates compared to those used for work or business. Make sure your car insurance coverage shows the proper vehicle usage.
Marriage pays dividends - Having a spouse can get you a discount when buying car insurance. Having a spouse translates into being more mature than a single person and it's statistically proven that married couples file fewer claims.

Automobile Insurance Quotes in Ely, MN

Reducing your insurance rates is surprisingly easy. Consumers just need to take a couple of minutes to compare quotes online with multiple companies. This can be done in several different ways.

The fastest way to find low rates is a comparison rater form like this one (opens in new window). This method saves time by eliminating separate forms for every car insurance company. A single form gets rate comparisons from several companies.
A slightly less efficient method to shop for car insurance online is spending the time to visit each individual company website to complete a price quote. For example, let's assume you want to compare , and . To get rate quotes you would need to visit each site and enter your policy data, which is why most consumers use the first method. For a list of links to companies insuring cars in Ely, click here.
The least efficient method to get comparison rates is to spend time driving to insurance agents' offices. Shopping for car insurance online eliminates the need for an insurance agent unless you prefer the personal advice of a local Ely agent. You can, however, find lower rates online but buy from a local insurance agent and you'll learn how to do that later.

Whichever way you use, make absolute certain that you use identical information for every company. If you have higher or lower deductibles it will be next to impossible to decipher which rate is best in Ely.

Policy discounts you shouldn't miss

Insurance can cost an arm and a leg, buy you may qualify for discounts to reduce the price significantly. A few discounts will automatically apply at quote time, but lesser-known reductions have to be asked for in order for you to get them. If you're not getting every credit you qualify for, you are paying more than you should be.

Multiple Vehicles - Buying insurance for multiple vehicles with the same company could earn a price break for each car.
Anti-lock Brake Discount - Vehicles equipped with ABS or steering control can reduce accidents and will save you 10% or more.
Discount for Life Insurance - Select insurance companies reward you with a discount if you purchase a life insurance policy as well.
Paperless Signup - Certain companies may give you up to $50 for buying a policy and signing up over the internet.
Senior Citizens - If you're over the age of 55, you may be able to get a small decrease in premiums.
Driver Safety - Completing a defensive driving course can save you 5% or more if your company offers it.
Organization Discounts - Being a member of a qualifying organization could qualify you for a break when buying car insurance.
Fewer Miles Equal More Savings - Fewer annual miles can earn lower rates on the low mileage vehicles.
Payment Method - If you pay your bill all at once instead of making monthly payments you could save up to 5%.

Consumers should know that most of the big mark downs will not be given to your bottom line cost. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So when it seems like it's possible to get free car insurance, companies don't profit that way. But all discounts will bring down the amount you have to pay.

To choose insurers who offer car insurance discounts in Minnesota, follow this link.

Save $429 a year? Really?

Consumers in Minnesota can't ignore all the ads for cheaper car insurance from the likes of Allstate, GEICO and Progressive. All the companies say the same thing that you'll save big after switching your coverage to them.

How does each company claim to save you money?

All companies have a certain "appetite" for the type of customer that makes them money. For example, a profitable customer might be between 30 and 50, owns a home, and has great credit. Any driver who fits that profile will get very good rates and is almost guaranteed to save when switching.

Potential insureds who don't qualify for these standards must pay more money which usually ends up with the customer not buying. The ads say "people who switch" but not "drivers who get quotes" save that much money. That is how companies can advertise the savings.

This illustrates why you need to get quotes from several different companies. You cannot predict which company will give you the biggest savings.

Insurance agents can help

When buying adequate coverage for your vehicles, there isn't really a perfect coverage plan. Each situation is unique so your insurance needs to address that. For example, these questions might point out whether your personal situation might need professional guidance.

Am I covered when driving on a suspended license?
Can I get a multi-policy discount for packaging my home and auto coverage?
What are the financial responsibility laws in Minnesota?
Does medical payments coverage apply to all occupants?
Should I buy additional glass protection?
Should I rate my vehicle as pleasure use or commute?
Am I covered by my employer's commercial auto policy when driving my personal car for business?

If you don't know the answers to these questions but you know they apply to you, you may need to chat with an insurance agent. If you don't have a local agent, take a second and complete this form or go to this page to view a list of companies. It is quick, free and can provide invaluable advice.

Much more information about car insurance in Minnesota can be found on the website for the Minnesota Department of Commerce through this link. Visitors are able to report car insurance fraud, find out industry alerts, file complaints about an insurance agent or broker, and get help finding coverage.

A tidy conclusion

Discount car insurance can be purchased both online as well as from independent agents in Ely, so compare prices from both in order to have the best chance of saving money. There are still a few companies who don't offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

As you prepare to switch companies, never reduce coverage to reduce premium. In too many instances, an insured cut uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. Your focus should be to find the BEST coverage at an affordable rate while not skimping on critical coverages.