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

Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Trust us when we tell you there are many people just like you.

There is such a variety of to buy insurance from, and although it's a good thing to have multiple companies, so many choices can make it hard to compare rates.

It's important to get comparison quotes every six months since insurance rates are constantly changing. Even if you got the best deal a year ago you will most likely find a better rate today. So just block out anything you think you know about auto insurance because it's time to teach you the only way to save on auto insurance.

Buying affordable coverage in Gonvick is simple if you know the tricks. Essentially every driver who carries auto insurance will be able to lower their premiums. Although Minnesota vehicle owners do need to know how insurance companies price online insurance and take advantage of how the system works.

Don't pay full price with these discounts

The price of auto insurance can be rather high, but companies offer discounts that many people don't even know exist. Some discounts apply automatically when you purchase, but lesser-known reductions have to be specifically requested before being credited.

Auto/Life Discount - Companies who offer life insurance give a discount if you purchase auto and life insurance together.
Multi-car Discount - Having more than one vehicle on one policy may reduce the rate for each vehicle.
Theft Prevention System - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.
Homeowners Discount - Owning a house in Gonvick may earn you a small savings because owning a home requires personal responsibility.
Drivers Education - Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
No Claims - Drivers with accident-free driving histories can earn big discounts as compared to drivers who are more careless.
Clubs and Organizations - Affiliation with a qualifying organization could trigger savings on auto insurance.

A little note about advertised discounts, most discount credits are not given to all coverage premiums. Some only apply to individual premiums such as collision or personal injury protection. So when the math indicates all those discounts means the company will pay you, you won't be that lucky. Any amount of discount will bring down your premiums.

The auto insurance bait and switch

Auto insurance companies such as GEICO, State Farm and Progressive constantly bombard you with ads in print and on television. They all seem to make the same claim about savings if you switch your policy. How does each company say the same thing?

All the different companies are able to cherry pick for the right customer that earns them a profit. An example of a desirable insured might be profiled as over the age of 50, has no driving citations, and has excellent credit. A propective insured who matches those parameters will qualify for the lowest rates and therefore will save when switching.

Consumers who don't measure up to these standards will have to pay higher prices which leads to business not being written. The ad wording is "customers that switch" not "everyone that quotes" save that kind of money. That's the way companies can truthfully make those claims.

Because of the profiling, you should get quotes from several different companies. It's not possible to predict which auto insurance company will have the lowest rates.

Learn more about Minnesota auto insurance

Additional information is available on the website for the Minnesota Department of Commerce located here. Minnesota drivers can file complaints about an insurance agent or broker, report car insurance fraud, read consumer alerts, and get help finding coverage.

The best insurance company isn't always the cheapest

While you're price shopping online, never buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed comprehensive coverage or liability limits to discover at claim time they didn't purchase enough coverage. The ultimate goal is to get the best coverage possible at a price you can afford.

The cheapest auto insurance can be found on the web in addition to many Gonvick insurance agents, and you should be comparing both in order to have the best price selection to choose from. Some companies do not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.