How to Know You're Wasting Money for Auto Insurance in Franklin Square

Did you fall for a flashy sales pitch and buy high-priced auto insurance? Trust us, you're not the only one.

Numerous battle for your business, so it can be very hard to choose a to get the lowest price

Be sure to get all your discounts

Companies offering auto insurance don't necessarily list all available discounts in an easy-to-find place, so the following is a list of both the well known and also the lesser-known discounts you could be receiving.

  • Fewer Miles Equal More Savings - Fewer annual miles could qualify for a substantially lower rate.
  • Multiple Vehicles - Buying insurance for multiple vehicles on the same auto insurance policy can get a discount on all vehicles.
  • Life Insurance Discount - Companies who offer life insurance give lower rates if you buy auto and life insurance together.
  • Homeowners Discount - Owning a home in Franklin Square can save you money due to the fact that maintaining a home demonstrates responsibility.
  • Student Driver Training - Have your child enroll in driver's education if it's offered in school.
  • Payment Method - By paying your policy upfront instead of paying each month you could save 5% or more.

A little note about advertised discounts, some credits don't apply to all coverage premiums. Most only apply to specific coverage prices like liability and collision coverage. So even though it sounds like having all the discounts means you get insurance for free, you won't be that lucky.

To see a list of insurers who offer auto insurance discounts in Franklin Square, click here.

auto insurance in Franklin Square

Compare Quotes for Franklin Square Auto Insurance

Effectively comparing auto insurance prices can be a lot of work if you aren't aware of the most efficient way. You can waste a lot of time talking about coverages with local insurance agents in Franklin Square, or you could use the web to accomplish the same thing much quicker.

Many insurance companies are enrolled in a marketplace that allows shoppers to send in one quote, and every company provides a quote for coverage. This prevents consumers from doing quote requests to each individual auto insurance company.

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

The one disadvantage to using this type of form is you don't know exactly which carriers to get pricing from. If you prefer to choose specific insurance companies to receive pricing from, we put together a list of companies who write auto insurance in New York. Click to view list.

Whichever method you choose, ensure you are comparing the exact same information for every company. If you use higher or lower deductibles then you won't be able to decipher which rate is best in Franklin Square. Slightly different coverages may result in large price differences. Just remember that comparing more company's prices will enable you to find the best price.

Learn How to Buy Auto Insurance Cheaper

An important part of buying insurance is that you know the factors that help determine the rates you pay for auto insurance. Understanding what impacts premium levels helps enable you to make changes that could result in big savings.

  • Safer cars cost less to insure - Vehicles with good safety scores get lower rates. Safe vehicles have better occupant injury protection and any reduction in injury severity means lower claim amounts and lower rates for you.
  • Do you know your deductibles? - The deductibles represent how much money you are required to spend before a claim is paid by your company. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some examples of claims that would be covered would be colliding with a building, damage caused by hail, or theft. The more expense the insured has to pay upfront, the less your auto insurance will be.
  • Where do you drive? - Driving more miles in a year the more you'll pay to insure your vehicle. The majority of insurers charge to insure your cars based upon how you use the vehicle. Cars not used for work or commuting get more affordable rates compared to those used for work or business. Ask your agent if your auto insurance coverage is showing the proper vehicle usage.
  • Liability coverage is cheap - Liability coverage provides coverage if you are found liable for damages caused by your negligence. It provides you with a defense in court which can cost thousands of dollars. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so do not skimp.
  • Having a spouse can save you money - Getting married can get you a discount on auto insurance. Having a spouse usually means you are more responsible and statistics show being married results in fewer claims.
  • More claims means more premium - If you file claims often, you can pretty much guarantee higher rates. Auto insurance companies in New York generally give better rates to insureds who do not rely on their insurance for small claims. Insurance coverage is intended for the large, substantial claims.

Is there truth in advertising?

21st Century, Allstate and State Farm continually stream television and radio advertisements. All the companies have a common claim about savings after switching your policy. How do they all claim to save you money? It's all in the numbers.

All the different companies are able to cherry pick for the right customer that is profitable for them. A good example of a profitable customer might be over the age of 50, has no driving citations, and has great credit. A customer getting a price quote that hits that "sweet spot" is entitled to the best price and is almost guaranteed to cut their rates substantially.

Potential insureds who don't measure up to the "perfect" profile must pay more money and this can result in the customer not buying. Company advertisements say "customers who switch" but not "drivers who get quotes" save that kind of money. That's the way companies can truthfully advertise the savings. This illustrates why drivers must get as many quotes as possible. It's impossible to know which auto insurance company will give you the biggest savings.

Affordable insurance is out there

Cheaper auto insurance can be purchased both online in addition to many Franklin Square insurance agents, and you should be comparing both in order to have the best chance of saving money. There are still a few companies who do not provide the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.

As you prepare to switch companies, never reduce coverage to reduce premium. There are a lot of situations where someone sacrificed full coverage and found out when filing a claim that the small savings ended up costing them much more. The proper strategy is to buy enough coverage at the best price while not skimping on critical coverages.

Learn more about New York auto insurance

Even more information can be read at the New York Department of Financial Services website. Visitors are able to find disaster information, report car insurance fraud, file complaints about an insurance agent or broker, and find out which companies have the most complaints.