Top Ways to Save on Frankenmuth Auto Insurance

Having to pay for overpriced auto insurance can overdraw your checking account and put the squeeze on your family's finances. Comparing price quotes is free and is an excellent way to slash your bill and have more diposable income. Big companies like State Farm, Allstate, GEICO and Progressive all claim big savings with advertising and it is challenging if not impossible to sift through the bull and find the best price available.

It's important to check auto insurance prices quite often since insurance rates are constantly changing. Just because you found the best deal a couple years back the chances are good that you can find a lower rate today. Starting right now, ignore everything you know about auto insurance because it's time to teach you the only way to save money, get proper coverage and the best rates.

If you have a policy now or are shopping for new coverage, you can follow these tips to get lower rates while maximizing coverage. Choosing the best insurance company for you in Frankenmuth is quite easy. Michigan drivers only need an understanding of the tricks to find the lowest price on the web.

Don't pay full price with these discounts

The price of auto insurance can be rather high, but there are discounts available that you may not know about. Some discounts apply automatically when you quote, but lesser-known reductions have to be asked about before you get the savings. If you aren't receiving every discount you deserve, you're paying more than you need to.

  • Auto/Life Discount - Larger companies have better rates if you take out life insurance from them.
  • Senior Discount - Mature drivers may receive reduced rates.
  • Memberships - Affiliation with a civic or occupational organization could trigger savings on auto insurance.
  • Drivers Ed for Students - Have your child complete a driver education course if offered at their school.
  • Military Rewards - Having a family member in the military could be rewarded with lower premiums.
  • Discount for Swiching Early - Select companies give a discount for signing up before your current expiration date. The savings is around 10%.
  • Good Student Discount - A discount for being a good student can save 20 to 25%. The discount lasts up until you turn 25.

It's important to understand that many deductions do not apply to the overall cost of the policy. Most cut the price of certain insurance coverages like collision or personal injury protection. So even though it sounds like you could get a free auto insurance policy, it doesn't quite work that way. Any qualifying discounts will reduce your premiums.

To see a list of companies with discount auto insurance rates in Frankenmuth, click this link.

Michigan auto insurance quotes

Low Cost Frankenmuth Auto Insurance

Performing a rate comparison can be challenging if you aren't aware of the most efficient way to do it. You can waste a lot of time driving to local insurance agents in Frankenmuth, or you can stay home and use online quotes to get rates in a matter of minutes.

Many insurance companies participate in an industry program that enables customers to only type in their quote data once, and each participating company then returns a price quote. This system prevents you from having to do repetitive form submissions to each individual auto insurance company.

To submit your quote information now, click to open in new window.

The only drawback to comparing rates this way is you don't know exactly which carriers you want to price. So if you want to choose individual companies to receive pricing from, we have a listing of the cheapest auto insurance companies in Michigan. Click here to view list.

It doesn't matter which method you choose, just make darn sure you compare exactly the same quote information on every quote you get. If you compare mixed coverages you will not be able to determine which rate is truly the best in Frankenmuth.

What determines how much you pay?

An important part of buying insurance is that you know the rating factors that play a part in calculating auto insurance rates. Having a good understanding of what determines base rates allows you to make educated decisions that may reward you with better auto insurance rates.

  • More people means more accidents - Residing in a small town can be a good thing when buying auto insurance. Lower population means fewer accidents and also fewer theft and vandalism claims. City drivers tend to have much more traffic to deal with and a longer drive to work. Longer commute distances translates into higher accident risk.
  • Mature drivers pay less - More mature drivers are viewed as being more responsible, tend to cause fewer accidents and tend to be better behind the wheel. Teenage drivers have a tendency to get distracted easily when driving and because of this, their auto insurance rates are much higher.
  • Protect yourself with liability coverage - Your policy's liability coverage is the protection if ever a jury decides you are liable for damages from an accident. Liability insurance provides legal defense coverage up to the limits shown on your policy. This coverage is very inexpensive as compared to coverage for physical damage, so drivers should carry high limits.
  • Small claims can cost you - Car insurance companies in Michigan give cheaper rates to policyholders who file claims infrequently. If you frequently file small claims, you can look forward to either policy cancellation or increased premiums. Car insurance is intended to be relied upon for the bigger claims that can't be paid out-of-pocket.
  • High crash test scores lower rates - Safer cars tend to have better insurance rates. These vehicles result in less severe injuries and better occupant protection translates into savings for insurance companies and more competitive rates for policyholders.

Your personal situation dictates your coverage

When choosing proper insurance coverage for your personal vehicles, there really is not a one size fits all plan. Every insured's situation is different so this has to be addressed. Here are some questions about coverages that may help you determine whether or not you may require specific advice.

  • When does my teenage driver need to be added to my policy?
  • Am I covered by my employer's commercial auto policy when driving my personal car for business?
  • Am I getting all the discounts available?
  • Is my cargo covered for damage or theft?
  • Do I have coverage when using my vehicle for my home business?
  • Does my car insurance cover rental cars?
  • Do I need to file an SR-22 for a DUI in Michigan?
  • Does my liability insurance cover pulling a trailer or camper?

If it's difficult to answer those questions, then you may want to think about talking to an agent. If you don't have a local agent, simply complete this short form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

The auto insurance bait and switch

Michigan drivers can't get away from ads for car insurance savings by companies like GEICO, State Farm and Progressive. They all seem to make the same claim of big savings if you change to them.

How can each company say the same thing? This is how they do it.

Different companies have a preferred profile for the type of driver that is profitable for them. An example of a desirable insured might be profiled as over the age of 50, insures multiple vehicles, and drives less than 10,000 miles a year. A propective insured who matches those parameters gets the lowest rates and therefore will save when they switch companies.

Drivers who don't measure up to the requirements will have to pay a higher premium which leads to business not being written. The ads say "drivers who switch" not "everyone that quotes" save money. This is how insurance companies can confidently advertise the way they do.

Because of the profiling, drivers must get as many quotes as possible. It's not possible to predict which insurance companies will provide you with the cheapest rates.

In the end, you save

As you go through the steps to switch your coverage, it's not a good idea to reduce coverage to reduce premium. In many instances, drivers have reduced comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. The ultimate goal is to purchase plenty of coverage for the lowest price.

Low-cost auto insurance can be sourced on the web and with local Frankenmuth insurance agents, and you should be comparing both to have the best selection. Some auto insurance companies do not offer the ability to get a quote online and most of the time these smaller companies sell through independent agents.

Frankenmuth auto insurance comparison

Additional auto insurance information is available on the website for the Michigan Office of Financial and Insurance Regulation. Click here for link. Michigan drivers can view agent and company licensing information, read enforcement actions against agents and companies, find out which companies have the most complaints, and download brochures.