9 Methods to Save on Car Insurance in Fowler

Paying for high-priced car insurance can take a big chunk out of your savings account and put a big crunch on your finances. Comparison shopping is free, only takes a few minutes, and is a good way to reduce premiums and put more money in your pocket.

Having so many different company options, it's difficult to locate the cheapest provider.

It's important to shop coverage around on a regular basis since rates are constantly changing. Despite the fact that you may have had the best rates six months ago you will most likely find a better rate today. You can find a lot of misleading information regarding car insurance online, so we're going to give you some great ways to put money back in your pocket.

Policy discounts you shouldn't miss

Car insurance can cost a lot, buy you may qualify for discounts to cut the cost considerably. A few discounts will automatically apply when you purchase, but some may not be applied and must be requested specifically before being credited.

  • Good Student Discount - Performing well in school can get you a discount of up to 25%. The good student discount can last well after school through age 25.
  • E-sign - Certain companies may give you up to $50 for buying your policy online.
  • Resident Student - Kids in college living away from home attending college and do not have access to a covered vehicle can receive lower rates.
  • Anti-lock Brake System - Cars that have steering control and anti-lock brakes can reduce accidents and will save you 10% or more.
  • Life Insurance - Companies who offer life insurance give a break if you buy a life insurance policy as well.
  • Low Mileage - Fewer annual miles could qualify for discounted rates on garaged vehicles.
  • Own a Home - Being a homeowner can help you save on car insurance due to the fact that maintaining a home demonstrates responsibility.
  • Driver's Ed - Make teen driver coverage more affordable by requiring them to take driver's ed class if it's offered in school.
  • Payment Method - If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.

A little note about advertised discounts, most discounts do not apply to all coverage premiums. Some only reduce the price of certain insurance coverages like medical payments or collision. So despite the fact that it appears all the discounts add up to a free policy, you won't be that lucky. Any amount of discount will help reduce the amount you have to pay.

Michigan car insurance

Save $429 a year? Really?

Companies like State Farm and Allstate continually stream television and radio advertisements. All the ads make an identical promise about savings after switching your coverage to them. But how can every company claim to save you money? This is how they do it.

All companies have a preferred profile for the type of customer that earns them a profit. A good example of a preferred risk might be between 30 and 50, insures multiple vehicles, and has a high credit rating. Any new insured who meets those qualifications will get very good rates and is almost guaranteed to save a lot of money.

Consumers who don't qualify for this ideal profile will be charged higher prices and ends up with the customer not buying. The ads say "drivers who switch" but not "drivers who get quotes" save that much money. This is how companies can truthfully state the savings.

That is why you should quote coverage with many companies. It's just too difficult to predict which insurance companies will have the lowest rates.

For more Michigan car insurance information

Additional information can be read on the website for the Michigan Office of Financial and Insurance Regulation. Click here for link. Visitors are able to file complaints about a company, get help finding coverage, read enforcement actions against agents and companies, and find out industry alerts.

Also read more on NAIC.org's Understanding your Policy and this directory of insurance agents in Fowler Michigan.

Final considerations

We just covered many tips how you can reduce car insurance prices online. The most important thing to understand is the more you quote, the better likelihood of reducing your rate. Drivers may discover the best prices are with a smaller regional carrier. Regional companies may cover specific market segments cheaper compared to the large companies like .

Cheaper car insurance can be bought both online as well as from independent agents in Fowler, so compare prices from both in order to have the best price selection to choose from. Some insurance companies don't offer you the ability to get quotes online and many times these small insurance companies only sell through independent insurance agents.

As you restructure your insurance plan, do not buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced full coverage and found out when filing a claim that they should have had better coverage. Your goal should be to find the BEST coverage for the lowest price, not the least amount of coverage.