Tightwads Tips for Saving on Heron Lake Auto Insurance

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

Drivers have so many to buy insurance from, and though it is a good thing to have multiple companies, too many choices makes it more difficult to compare rates.

It's important to compare prices at least once a year because insurance rates are constantly changing. If you had the best price a couple years back you will most likely find a better rate today. Forget all the misinformation about auto insurance because we're going to demonstrate one of the easiest ways to find great coverage at a great price.

This article will tell you how to effectively get price quotes. If you have car insurance now, you will most likely be able to lower your premiums substantially using this strategy. Nevertheless, Minnesota drivers do need to know the methods companies use to determine prices and apply this information to your search.

Are you getting all your discounts?

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to help offset the cost. Most are applied at the time you complete a quote, but a few need to be asked about prior to getting the savings.

Save over 55 - If you qualify as a senior citizen, you can possibly qualify for a small decrease in premiums.
Drive Less and Save - Keeping the miles down can earn discounted rates on garaged vehicles.
Pay Upfront and Save - If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save up to 5%.
Clubs and Organizations - Participating in a qualifying organization is a good way to get lower rates on auto insurance.
Drivers Education - Make teen driver coverage more affordable by requiring them to complete a driver education course in high school.
Sign Online - Certain companies will discount your bill up to fifty bucks simply for signing over the internet.
Seat Belts Save - Buckling up and requiring all passengers to use their safety belts could save 15% off your PIP or medical payments premium.
Federal Government Employee - Active or retired federal employment can save as much as 8% with select insurance companies.

Consumers should know that most discount credits are not given the the whole policy. Most only apply to the cost of specific coverages such as liability, collision or medical payments. Just because it seems like all the discounts add up to a free policy, companies don't profit that way. Any qualifying discounts will bring down the cost of coverage.

How can Progressive, GEICO, Allstate and State Farm save drivers who switch?

Auto insurance companies such as Progressive, GEICO, Allstate and State Farm regularly use ads on television and other media. They all seem to make an identical promise of big savings if you move your coverage to them. How does each company make almost identical claims?

All companies are able to cherry pick for the type of customer that earns them a profit. For example, a desirable insured could possibly be over the age of 40, has no tickets, and drives less than 10,000 miles a year. A driver who meets those qualifications is entitled to the best price and as a result will probably save when switching.

Potential customers who are not a match for these standards will have to pay a more expensive rate and ends up with the driver buying from a lower-cost company. Company advertisements say "people who switch" not "everybody who quotes" save that much money. That's the way insurance companies can confidently advertise the way they do.

Because of the profiling, you should get a wide range of price quotes. It is impossible to predict which auto insurance company will provide you with the cheapest rates.

Find out more about auto insurance

Additional auto insurance information can be found on the website for the Minnesota Department of Commerce through this link. Minnesota consumers can learn about insurance regulations, find disaster information, view a list of available companies, and find out which companies have the most complaints.

Affordable insurance is out there

As you go through the steps to switch your coverage, it's very important that you do not buy lower coverage limits just to save a few bucks. There are many occasions where an insured dropped physical damage coverage only to regret at claim time that the savings was not a smart move. Your aim should be to buy enough coverage at an affordable rate.

Cost effective auto insurance is possible online as well as from independent agents in Heron Lake, and you need to comparison shop both to have the best rate selection. Some auto insurance companies don't offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.