Find Cheap Floodwood Auto Insurance

If online auto insurance comparisons are new to you, it's easy to be confused by the hoards of auto insurance companies competing for business in Floodwood.

It's important to compare prices occasionally because insurance rates are constantly changing. Just because you found the best rates a few years ago the chances are good that you can find a lower rate today. There is a lot of bad information regarding auto insurance on the web, but I'm going to show you some great ways to save money.

Take advantage of discounts

Insuring your vehicles can cost a lot, but discounts can save money and there are some available that you may not know about. Larger premium reductions will be automatically applied at quote time, but some may not be applied and must be manually applied in order for you to get them.

  • Accident Forgiveness - Certain companies will forgive one accident before raising your premiums as long as you don't have any claims prior to the accident.
  • Anti-theft Discount - Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
  • Sign Online - Certain companies will discount your bill up to fifty bucks just for signing your application over the internet.
  • Drive Less and Save - Fewer annual miles could qualify for lower rates on the low mileage vehicles.
  • Anti-lock Brake Discount - Anti-lock brake equipped vehicles can reduce accidents and earn discounts up to 10%.

It's important to note that most of the big mark downs will not be given to your bottom line cost. Some only reduce individual premiums such as liability, collision or medical payments. So even though they make it sound like you can get free auto insurance, you're out of luck. But any discount will bring down your overall premium however.

To see a list of companies who offer auto insurance discounts in Minnesota, follow this link.

Automobile Insurance Quotes in Floodwood, MN

There are several ways of comparing rate quotes from different Floodwood insurance companies. The best method to find competitive insurance rates involves getting comparison quotes online. This can be done using a couple different methods.

  • The best way to compare a lot of rates at once is to use a rate comparison form like this one (opens in new window). This method saves time by eliminating separate quotes for every auto insurance company. A single form gets you price quotes instantly. Recommended for those who want to invest the least amount of time.
  • A less efficient way to compare rate quotes requires visiting each individual company website to complete a price quote. For example, let's say you want to compare , and . To get rate quotes you would need to visit each site and enter your policy data, which is why the first method is more popular. To view a list of companies in Floodwood, click here.

Whichever way you use, make absolute certain that you use identical quote information for every company. If you have mixed coverages it will be impossible to decipher which rate is best in Floodwood. Just a small difference in limits can result in a big premium difference. And when quoting auto insurance, remember that comparing a large number of companies helps locate the best offered rates.

How to Lower your Auto Insurance Rates

An important part of buying insurance is that you know some of the elements that help determine the price you pay for auto insurance. Knowing what influences your rates empowers consumers to make smart changes that may reward you with lower auto insurance prices.

The following are some of the items used by your company to calculate rates.

  • Women pay lower rates - Statistics show that women are safer drivers than men. However, this does not mean women are BETTER drivers than men. Women and men tend to get into accidents at a similar rate, but the males have costlier accidents. They also get cited for more serious violations such as DWI and reckless driving. Young males are most likely to cause an accident and therefore have the most expensive auto insurance rates.
  • Consolidate policies to earn discounts - Many companies will give a discount to customers who carry more than one policy in the form of a multi-policy discount. Even with this discount, you still need to compare rates to verify if the discount is saving money.
  • Marriage pays dividends - Getting married can get you a discount when buying auto insurance. It translates into being more mature and it's proven that married couples file fewer claims.
  • Safer cars are cheaper to insure - Cars with high safety ratings are cheaper to insure. These vehicles protect occupants better and lower injury rates means less money paid by your insurance company and thus lower rates.

How to know if you need help

When choosing coverage for your vehicles, there isn't really a one size fits all plan. Everyone's needs are different.

These are some specific questions might point out whether your personal situation would benefit from professional advice.

  • Does my policy cover me when driving someone else's vehicle?
  • Do I need special endorsements for business use of my vehicle?
  • Does my liability insurance cover pulling a trailer or camper?
  • Does my personal policy cover me when driving my company car?
  • Is my nanny covered when driving my vehicle?
  • Am I covered if I wreck a rental car?
  • Can I get a multi-policy discount for packaging my home and auto coverage?

If you don't know the answers to these questions, you may need to chat with an insurance agent. If you don't have a local agent, complete this form.

Are auto insurance companies telling the truth?

Auto insurance companies such as State Farm, GEICO and Progressive continually stream ads on TV and radio. They all seem to say the same thing that you can save after switching your coverage to them. How does each company make almost identical claims?

All companies have a certain "appetite" for the type of customer that is profitable for them. A good example of a desirable insured could possibly be a mature driver, owns a home, and drives less than 7,500 miles a year. A driver who fits that profile will get very good rates and most likely will save when switching.

Potential insureds who don't qualify for these standards will have to pay more money which usually ends up with the driver buying from a lower-cost company. The ads say "customers that switch" not "people who quote" save that much money. That is how insurance companies can advertise the way they do.

Because of the profiling, drivers must compare as many rates as you can. It is impossible to predict which company will provide you with the cheapest rates.

Final considerations

Lower-priced auto insurance can be sourced online as well as from independent agents in Floodwood, and you need to price shop both in order to have the best chance of saving money. Some auto insurance companies don't offer the ability to get a quote online and most of the time these small insurance companies sell through independent agents.

When shopping online for auto insurance, never reduce coverage to reduce premium. In many cases, an insured cut full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to find the BEST coverage at a price you can afford.

Consumers change insurance companies for a number of reasons such as denial of a claim, policy cancellation, an unsatisfactory settlement offer or delays in responding to claim requests. No matter why you want to switch, choosing a new insurance company is actually quite simple.

Floodwood auto insurance quote

More information can be read on the Minnesota Department of Commerce website located here. Minnesota consumers can learn about insurance regulations, read consumer alerts, and get help finding coverage.