Easy Techniques to Save Money on Fife Lake Auto Insurance

Finding affordable Fife Lake auto insurance is hard for beginners to shopping for insurance online. You have so many options that it can easily become a big hassle to compare prices in Fife Lake.

It's important to take a look at other company's rates before your policy renews because prices are constantly changing. Even if you got the best deal a couple years back the chances are good that you can find a lower rate today. Starting right now, forget all the misinformation about auto insurance because you're going to get a crash course in the only way to reduce your cost while increasing coverage.

Are you getting all your discounts?

Auto insurance companies don't necessarily list every available discount very clearly, so here is a list both the well known and the harder-to-find discounts you could be receiving. If you're not getting every credit available, you're paying more than you need to.

  • Multi-policy Discount - When you combine your home and auto insurance with one insurance company you will save 10% to 20% off each policy.
  • Employee of Federal Government - Being employed by or retired from a federal job can earn a discount up to 10% with certain companies.
  • Life Insurance Discount - Companies who offer life insurance give a discount if you purchase life insurance from them.
  • Resident Student - Youth drivers who live away from home and do not have access to a covered vehicle can be insured at a reduced rate.
  • E-sign - Some insurance companies may give you up to $50 for buying your policy over the internet.
  • Good Students Pay Less - A discount for being a good student can save 20 to 25%. The discount lasts well after school through age 25.

As a disclaimer on discounts, some of the credits will not apply to the entire cost. Most cut the price of certain insurance coverages like comprehensive or collision. So despite the fact that it appears you would end up receiving a 100% discount, auto insurance companies aren't that generous.

To see a list of providers who offer auto insurance discounts in Michigan, click here.

Fife Lake auto insurance quote

Comparison of Auto Insurance in Fife Lake

Most companies like Allstate and Progressive provide coverage prices directly from their websites. This process is pretty painless as you simply enter as detailed in the form. Once you submit the form, the system will obtain your credit score and driving record and quotes a price based on many factors.

Being able to quote online helps simplify price comparisons, but having to visit several different sites and type in the same information is monotonous and tiresome. But it's very important to get many rate quotes if you want to find the best price on auto insurance.

The preferred way to lower your auto insurance bill uses one form to return rates from more than one company. The form is fast, reduces the work, and makes rate comparisons a lot less work. Immediately after you send the form, it gets priced and you can select any one of the price quotes you receive. If one or more price quotes are lower than your current rates, it's easy to complete the application and purchase the new policy. The whole process takes just a few minutes to complete and you'll know if lower rates are available.

To find out if lower rates are available, click here to open in new window and enter your vehicle and coverage information. If you have a policy now, it's recommended you duplicate your coverages identical to your current policy. This makes sure you will have comparison quotes based on the exact same insurance coverage.

Fife Lake Rates are Influenced by These Factors

An important part of buying insurance is that you know the factors that help determine the rates you pay for auto insurance. Knowing what impacts premium levels enables informed choices that can help you get better auto insurance rates.

The following are some of the factors auto insurance companies consider when setting your rates.

  • One company can mean more discounts - Many insurance companies give discounts to insureds who consolidate policies with them in the form of a multi-policy discount. Even if you're getting this discount it's in your best interest to compare rates to ensure the best deal. You may still find better rates by insuring with multiple companies.
  • You might want pay the small claims yourself - If you file claims often, you can definitely plan on either higher rates or even cancellation. Insurance companies in Michigan generally give lower rates to insureds who are claim-free. Car insurance is intended for major claims that would cause financial hardship.
  • Big city or small town - Being located in a small town has it's advantages when talking about auto insurance. Urban drivers have congested traffic and longer commutes to work. Lower population translates into fewer accidents and also fewer theft and vandalism claims.
  • Mature drivers pay less - Youthful drivers in Michigan are known to be less responsible in a vehicle so they pay higher auto insurance rates. Mature drivers tend to be more responsible, tend to cause fewer accidents and get fewer tickets.
  • Being married is a good thing - Being married can get you a discount on auto insurance. Marriage means you're more responsible it has been statistically shown that drivers who are married are more cautious.
  • Cautious drivers pay less - Your driving record has a lot to do with how much you pay for insurance. Careful drivers tend to pay less for car insurance compared to drivers with tickets. Even a single moving violation can boost insurance rates by twenty percent. Drivers who get flagrant violations such as reckless driving, hit and run or driving under the influence may be required to submit a SR-22 form to the state department of motor vehicles in order to keep their license.
  • Optional equipment can affect rates - Driving a car with anti-theft technology or alarm system can get you a discount on your auto insurance. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
  • Credit scores impact auto insurance rates - Your credit history is a huge factor in your rate calculation. If your credit score is not that good, you could pay less to insure your by spending a little time repairing your credit. Drivers who have high credit ratings tend to be better drivers and file fewer claims than drivers who have lower credit scores.

How can Allstate and Progressive save drivers who switch?

Consumers in Michigan can't get away from ads for the lowest price auto insurance by Allstate and Progressive. All the ads have a common claim about savings after switching to their company.

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

Different companies can use profiling for the driver that is profitable for them. An example of a preferred risk might be over the age of 40, is a homeowner, and drives less than 10,000 miles a year. A customer getting a price quote that hits that "sweet spot" gets the lowest rates and as a result will probably save when switching.

Consumers who are not a match for these standards will be charged higher prices and this can result in the customer not buying. The ads say "drivers who switch" not "everybody who quotes" save that much. That's why companies can truthfully advertise the way they do. That is why drivers must quote coverage with many companies. It's impossible to know the company that will provide you with the cheapest rates.

And the best car insurance company is...

As you go through the steps to switch your coverage, it's very important that you do not reduce coverage to reduce premium. Too many times, an accident victim reduced comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. The aim is to purchase plenty of coverage for the lowest price, not the least amount of coverage.

Drivers change insurance companies for any number of reasons including policy non-renewal, high rates after DUI convictions, delays in paying claims or not issuing a premium refund. Regardless of your reason for switching companies, switching auto insurance companies is actually quite simple.

Cheap auto insurance can be purchased both online and also from your neighborhood Fife Lake agents, and you need to comparison shop both in order to have the best price selection to choose from. Some auto insurance companies may not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

Even more information is available at the Michigan Office of Financial and Insurance Regulation website. Visitors are able to read consumer alerts, download brochures, and view agent and company licensing information.