Car Insurance in Goodridge - 7 Discounts You Might be Losing Out On

Did you fall for a flashy sales pitch and buy an overpriced car insurance policy? Trust us, many consumers are feeling buyer's remorse and feel like there's no way out.

Companies like State Farm, Allstate, GEICO and Progressive continually hit you with ads and it can be hard to sift through the bull and find the best price available.

It's important to compare rates every six months since rates are constantly changing. Even if you got the best deal on your last policy you will most likely find a better rate today. Starting right now, block out anything you think you know about car insurance because we're going to show you the only way to properly buy coverages and cut your premium.

If you currently have car insurance, you stand a good chance to be able to save some money using this information. Finding affordable coverage in Goodridge is easy if you know what you're doing. But Minnesota consumers do need to know how the larger insurance companies price online insurance and take advantage of how the system works.

Be sure to get all your discounts

Car insurance companies don't necessarily list all their discounts in a way that's easy to find, so here is a list both the well known and the more hidden car insurance savings.

  • Senior Citizens - If you qualify as a senior citizen, you may qualify for better car insurance rates.
  • Multi-car Discount - Buying insurance for more than one vehicle on one policy could earn a price break for each car.
  • Anti-theft System - Anti-theft and alarm systems help deter theft and qualify for as much as a 10% discount.
  • Payment Discounts - If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
  • Discount for Life Insurance - Select insurance companies reward you with better rates if you take out life insurance from them.
  • Save with a New Car - Adding a new car to your policy is cheaper compared to insuring an older model.
  • Clubs and Organizations - Being a member of a civic or occupational organization could qualify you for a break on car insurance.

Drivers should understand that most of the big mark downs will not be given to all coverage premiums. A few only apply to the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like you would end up receiving a 100% discount, companies wouldn't make money that way.

Goodridge car insurance comparison

Is there truth in advertising?

Car insurance companies such as Progressive, GEICO, Allstate and State Farm constantly bombard you with television and radio advertisements. They all seem to say the same thing that you'll save big if you switch to their company. How can each company claim to save you money?

Different companies are able to cherry pick for the driver that earns them a profit. An example of a desirable insured might be between the ages of 40 and 55, has no driving citations, and has great credit. Any new insured who fits that profile receives the best rates and is almost guaranteed to save when they switch companies.

Consumers who don't measure up to the requirements will have to pay higher prices which usually ends up with the customer not buying. Company advertisements say "people who switch" but not "drivers who get quotes" save that much. That's the way companies can advertise the savings. Because of the profiling, you should compare as many rates as you can. It's just too difficult to predict which car insurance company will fit your personal profile best.

More detailed Minnesota car insurance information is available at the Minnesota Department of Commerce website. Visitors are able to read enforcement actions against agents and companies, report car insurance fraud, read consumer alerts, and view a list of available companies.

Affordable insurance is out there

When you buy insurance online, it's not a good idea to buy lower coverage limits just to save a few bucks. There are many occasions where someone sacrificed comprehensive coverage or liability limits to discover at claim time that the few dollars in savings costed them thousands. Your aim should be to buy enough coverage at an affordable rate.

Budget-conscious car insurance can be found both online and also from your neighborhood Goodridge agents, so you should be comparing quotes from both in order to have the best price selection to choose from. There are still a few companies who may not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.