How to Know You're Spending Too Much for Auto Insurance in Glade Valley

Expensive auto insurance can drain your savings account and put a big crunch on your finances. Comparison shopping is a smart way to cut your insurance bill.

Numerous battle for your hard-earned dollar, and because of this it can be hard to compare and get the best coverage at the lowest price

How much can you save with discounts?

Auto insurance companies don't necessarily list every discount in an easy-to-find place, so here is a list some of the best known and also the lesser-known auto insurance savings.

  • Payment Method - If you pay your bill all at once instead of monthly or quarterly installments you could save 5% or more.
  • Paperwork-free - A few companies give back up to $50 for buying your policy on their website.
  • Clubs and Organizations - Affiliation with certain professional organizations could qualify you for a break when shopping for auto insurance.
  • No Claims - Drivers who don't have accidents can earn big discounts when compared to drivers who are more careless.
  • Low Mileage Discounts - Fewer annual miles can qualify you for lower rates on the low mileage vehicles.
  • Student Driver Training - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if it's offered in school.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. Most only cut specific coverage prices like liability and collision coverage. Just because you may think adding up those discounts means a free policy, auto insurance companies aren't that generous.

compare Glade Valley auto insurance rates

Save 15 percent in 15 minutes? Is it for real?

Auto insurance providers like State Farm, Allstate and GEICO continually stream television and radio advertisements. They all say the same thing about savings after switching your policy. How do they all say the same thing? It's all in the numbers.

Insurance companies have a preferred profile for the right customer that earns them a profit. An example of a driver they prefer might be profiled as between the ages of 40 and 55, insures multiple vehicles, and drives less than 10,000 miles a year. A propective insured who fits that profile will qualify for the lowest rates and is almost guaranteed to cut their rates substantially.

Potential customers who don't meet the "perfect" profile will be quoted higher prices which usually ends up with business not being written. The ad wording is "customers who switch" but not "drivers who get quotes" save that kind of money. This is how companies can truthfully advertise the way they do. This emphasizes why you should quote coverage with many companies. It's not possible to predict which insurance companies will provide you with the cheapest rates.

For more North Carolina auto insurance information

Even more information is available at the North Carolina Department of Insurance website. North Carolina drivers can view a list of available companies, get help finding coverage, find out which companies have the most complaints, and read industry bulletins.

Do the work, save more money

Cheap auto insurance can be sourced on the web in addition to many Glade Valley insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some auto insurance companies do not provide you the ability to get quotes online and these smaller companies work with independent agents.

As you go through the steps to switch your coverage, never buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced comprehensive coverage or liability limits to discover at claim time that the savings was not a smart move. The proper strategy is to purchase a proper amount of coverage at the best price while still protecting your assets.