Tightwads Tips for Saving on Elysian Car Insurance

Overpriced car insurance can empty your personal savings and make it hard to pay other bills. Shopping your coverage around is a smart way to slash your bill and have more diposable income. There is such a variety of to pick from, and though it is a good thing to have multiple companies, so many choices can make it hard to compare rates.

Take advantage of discounts

Companies don't always publicize every discount very clearly, so we took the time to find both the well known and the harder-to-find car insurance savings. If you're not getting every credit you deserve, you are throwing money away.

  • Payment Discounts - If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Accident Waiver - Certain companies will allow you to have one accident before your rates go up if your claims history is clear for a certain period of time.
  • Anti-lock Brake Discount - Cars that have steering control and anti-lock brakes are safer to drive and earn discounts up to 10%.
  • Discount for Life Insurance - Some companies give a discount if you purchase life insurance from them.
  • Senior Citizens - If you qualify as a senior citizen, you may qualify for a discount up to 10%.

Keep in mind that most credits do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like liability and collision coverage. Just because you may think you could get a free car insurance policy, it just doesn't work that way.

compare Elysian car insurance rates

Are car insurance companies telling the truth?

Consumers in Minnesota get pounded daily by advertisements for car insurance savings from companies such as State Farm, Allstate and GEICO. They all say the same thing that you can save if you switch your policy.

How does each company claim to save you money? This is how they do it.

Different companies have a preferred profile for the right customer that earns them a profit. For example, a driver they prefer might be a mature driver, insures multiple vehicles, and has great credit. Any driver who fits that profile will get very good rates and most likely will save when switching.

Potential customers who don't qualify for these standards will be quoted a more expensive rate which usually ends up with the customer not buying. The ads say "drivers who switch" not "people who quote" save that kind of money. This is how insurance companies can advertise the savings. This emphasizes why you should get a wide range of price quotes. You cannot predict which insurance companies will give you the biggest savings.

Additional detailed information can be found at the Minnesota Department of Commerce website. Visitors are able to view a list of available companies, learn about insurance regulations, find out industry alerts, and view agent and company licensing information.

Also read more on this site for car insurance rates in Minnesota and this list of insurance agents in Elysian, MN.

A tidy conclusion

Affordable car insurance can be found both online in addition to many Elysian insurance agents, and you need to price shop both to have the best rate selection. There are still a few companies who do not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

As you prepare to switch companies, make sure you don't buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced physical damage coverage only to discover later that the small savings ended up costing them much more. The proper strategy is to find the BEST coverage for the lowest price while still protecting your assets.