7 Discounts Fond Du Lac Consumers Forget when Buying Car Insurance
Are you sick and tired of not being able to afford each month for car insurance? You are in the same boat as many other drivers in Wisconsin. Online insurance companies like State Farm, Allstate, GEICO and Progressive persitently shower you with ads and consumers find it hard to sift through the bull and do the work needed to find the best deal.
More discounts equal less premium
Companies don't always list every discount in a way that's easy to find, so we took the time to find some of the more common and the harder-to-find savings tricks you should be using. If you aren't receiving every discount available, you are throwing money away.
- Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class in high school.
- Accident Free - Claim-free drivers can save substantially when compared to drivers who are more careless.
- Military Rewards - Being on active duty in the military can result in better rates.
- Anti-lock Brake System - Cars that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
- Distant Student - Kids in college who attend school more than 100 miles from home without a vehicle on campus may be able to be covered for less.
- Homeowners Pay Less - Simply owning a home can help you save on car insurance because of the fact that having a home is proof that your finances are in order.
- Employee of Federal Government - Active or retired federal employment could cut as much as 10% off with a few car insurance companies.
As a disclaimer on discounts, most discounts do not apply to the entire cost. A few only apply to the price of certain insurance coverages like liability and collision coverage. Just because you may think all the discounts add up to a free policy, car insurance companies aren't that generous.
Switch companies and save? Really?
Consumers get pounded daily by advertisements for the lowest price auto insurance by companies like State Farm, Allstate and GEICO. They all make an identical promise about savings if you move to them.
How can each company make the same claim? This is how they do it.
Insurance companies can use profiling for the type of driver that earns them a profit. For example, a driver they prefer could be between the ages of 40 and 55, is a homeowner, and drives newer vehicles. Any new insured who meets those qualifications receives the best rates and therefore will save when they switch companies.
Drivers who do not match the requirements will be quoted a higher premium and ends up with business going elsewhere. Company advertisements say "drivers who switch" not "everyone that quotes" save money. That's why companies can truthfully claim big savings. This emphasizes why you should compare many company's rates. It's just too difficult to predict the company that will give you the biggest savings.
Learn more today
Even more information can be found at the Wisconsin Office of the Commissioner of Insurance website. Consumers can download brochures, read industry bulletins, view a list of available companies, and read consumer alerts.
A tidy conclusion
When trying to cut insurance costs, it's not a good idea to buy lower coverage limits just to save a few bucks. There have been many situations where an accident victim reduced physical damage coverage only to regret at claim time that it was a big mistake. The proper strategy is to buy enough coverage for the lowest price while still protecting your assets.
Cheap car insurance is possible from both online companies and with local Fond Du Lac insurance agents, so you should be comparing quotes from both to have the best selection. A few companies do not offer you the ability to get quotes online and these regional insurance providers work with independent agents.
