Consumer Tested Strategies to Save on Greensboro Auto Insurance

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me when I say many consumers are feeling buyer's remorse and feel like there's no way out.

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

Tips to Get Lower Greensboro Rates

Consumers need to have an understanding of some of the elements that help determine the price you pay for auto insurance. Understanding what impacts premium levels empowers consumers to make smart changes that could result in lower auto insurance prices.

The following are a partial list of the pieces used by your company to calculate premiums.

Drive a safer car and pay less - Cars with high safety ratings are cheaper to insure. Safe vehicles protect occupants better and lower injury rates means lower claim amounts and lower rates for you.
Liability coverage protects you - Liability coverage provides coverage if a court rules you are at fault for personal injury or accident damage. Liability insurance provides legal defense starting from day one. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so buy as much as you can afford.
Marriage brings a discount - Having a wife or husband can get you a discount when buying auto insurance. Having a spouse translates into being more responsible and it's statistically proven that being married results in fewer claims.
Special features that cut premiums - Choosing a vehicle that has an advanced theft prevention system can save you a little every year. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can thwart your car from being stolen.
Don't buy coverages you don't need - There are a ton of extra coverages that you can get tricked into buying on your auto insurance policy. Coverages like personal injury protection, accidental death and additional equipment coverage are examples of these. These may sound like a good investment at first, but now you might not need them so get rid of them and save.
With age comes lower rates - Older insureds are more responsible, tend to file fewer claims and tend to be better behind the wheel. Teen drivers are known to be more careless when behind the wheel therefore auto insurance rates are much higher.

More discounts equal less premium

Insurance can be prohibitively expensive, buy you may qualify for discounts that you may not know about. Larger premium reductions will be automatically applied when you quote, but less common discounts must be asked for prior to getting the savings.

Fewer Miles Equal More Savings - Fewer annual miles could be rewarded with lower rates on the low mileage vehicles.
Multiple Vehicles - Having multiple vehicles with the same company could earn a price break for each car.
Paperless Signup - Certain companies will discount your bill up to fifty bucks for buying your policy on their website.
Organization Discounts - Participating in certain professional organizations could qualify you for a break when buying auto insurance.
Payment Method - If you pay your bill all at once instead of making monthly payments you could save up to 5%.
Driver Safety - Completing a course in driver safety could possibly earn you a 5% discount if your company offers it.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. Most only reduce the cost of specific coverages such as liability and collision coverage. So even though they make it sound like you can get free auto insurance, auto insurance companies aren't that generous. Any amount of discount will cut your premiums.

To choose insurers who offer auto insurance discounts in Greensboro, follow this link.

Switch companies and save? Really?

21st Century, Allstate and State Farm continually stream ads in print and on television. All the companies say the same thing about savings after switching your coverage to them. How do they all make almost identical claims?

All companies are able to cherry pick for the type of customer that makes them money. For instance, a profitable customer could possibly be a mature driver, has no driving citations, and has great credit. A driver who fits that profile will get the preferred rates and therefore will cut their rates substantially.

Potential customers who do not match the "perfect" profile must pay a higher premium which usually ends up with the driver buying from a lower-cost company. The ads state "people who switch" not "everyone that quotes" save that much money. That's the way companies can truthfully advertise the savings.

This illustrates why you should get quotes from several different companies. It is impossible to predict which auto insurance company will give you the biggest savings.

Additional information is located on the website for the North Carolina Department of Insurance through this link. North Carolina consumers can find disaster information, find out which companies have the most complaints, get help finding coverage, and view a list of available companies.

Affordable insurance is out there

Cheap auto insurance can be sourced online as well as from independent agents in Greensboro, and you need to price shop both to have the best rate selection. There are still a few companies who don't offer online price quotes and usually these small, regional companies provide coverage only through local independent agents.

As you prepare to switch companies, never buy poor coverage just to save money. There are a lot of situations where someone sacrificed liability coverage limits only to discover later that the small savings ended up costing them much more. The proper strategy is to get the best coverage possible at an affordable rate while not skimping on critical coverages.