6 Tricks to Save on Car Insurance in Fairbanks

Are you overwhelmed by the dozens of car insurance company choices in Fairbanks? Many other drivers are as well. Consumers have so many options available that it can turn into a big hassle to locate the lowest price.

It's important to get comparison quotes at least once a year since rates are constantly changing. Despite the fact that you may have had the lowest price a few years ago you will most likely find a better rate today. There is a lot of bad advice regarding car insurance on the web, but I'm going to show you some great ways to put money back in your pocket.

Are you getting all your discounts?

Companies don't always advertise all their discounts in a way that's easy to find, so we researched some of the more common and the more hidden savings tricks you should be using.

55 and Retired - If you qualify as a senior citizen, you may be able to get a discount up to 10%.
Driver Safety - Successfully completing a driver safety course could possibly earn you a 5% discount if you qualify.
Military Discounts - Being on active duty in the military may qualify for rate reductions.
No Claims - Drivers with accident-free driving histories pay much less as compared to drivers who are more careless.
Payment Method - If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to complete a driver education course if it's offered in school.

As a disclaimer on discounts, most discount credits are not given the the whole policy. The majority will only reduce the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, car insurance companies aren't that generous.

How can Progressive, GEICO, Allstate and State Farm save drivers who switch?

Car insurance companies such as Progressive, GEICO, Allstate and State Farm continually stream ads on television and other media. They all seem to make an identical promise about savings after switching your policy. How can each company make the same claim?

Insurance companies are able to cherry pick for the right customer that earns them a profit. For instance, a desirable insured could be a mature driver, has no tickets, and drives less than 7,500 miles a year. Any new insured who meets those qualifications gets the lowest rates and as a result will probably save when they switch companies.

Potential customers who are not a match for the requirements will have to pay higher prices and ends up with business going elsewhere. Company advertisements say "people who switch" not "everybody who quotes" save that kind of money. That's the way companies can truthfully advertise the way they do. Because of the profiling, you should get a wide range of price quotes. It's just too difficult to predict which car insurance company will provide you with the cheapest rates.

Find out more about car insurance

Even more information is located at the Alaska Division of Insurance website. Consumers can learn about insurance regulations, discover disciplinary actions, and view a list of available companies.

Affordable insurance is out there

When shopping online for car insurance, it's not a good idea to buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy the best coverage you can find at an affordable rate.

Cheap car insurance can be bought from both online companies in addition to many Fairbanks insurance agents, and you need to price shop both so you have a total pricing picture. Some car insurance companies do not provide you the ability to get quotes online and most of the time these small, regional companies sell through independent agents.

People change insurance companies for many reasons like denial of a claim, delays in responding to claim requests, unfair underwriting practices and even high rates after DUI convictions. Regardless of your reason for switching companies, finding the right car insurance provider is less work than it seems.