How to Know You're Wasting Money for Auto Insurance in Hollister
Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me when I say there are many Hollister consumers feeling the pinch from expensive auto insurance. Insurance companies such as GEICO and Progressive all claim big savings with catchy ads and it is difficult to sift through the bull and effectively compare rates to find the best deal.
It's important to shop coverage around every six months since insurance rates are constantly changing. If you had the best rates last year you can probably find a better price now. You'll find quite a bit of inaccurate information about auto insurance online but we're going to give you some great ways to quit paying high auto insurance rates.
Tips to Get Lower Hollister Rates
Consumers need to have an understanding of the rating factors that come into play when calculating auto insurance rates. Having a good understanding of what influences your rates empowers consumers to make smart changes that can help you get lower auto insurance prices.
The list below includes some of the items used by your company to calculate your rates.
- Multiple policies with one company can save - The majority of auto insurance companies give discounts to people who buy several policies from them such as combining an auto and homeowners policy. Discounts can add up to ten or even up to twenty percent in some cases. Even with this discount, you may still want to comparison shop to verify if the discount is saving money. Consumers may find a better deal by splitting coverages up.
- Liability insurance protects assets - The liability section of your policy provides coverage in the event that a jury decides you are liable for personal injury or accident damage. Liability insurance provides you with a defense in court starting from day one. Liability is cheap compared to insuring for physical damage coverage, so drivers should carry high limits.
- An active claims history can cost you - Insurance companies in North Carolina give cheaper rates to drivers who do not file claims often. If you frequently file small claims, you can definitely plan on higher rates. Auto insurance is intended to be relied upon for the large, substantial claims.
- Rates may be lower depending on your job - Occupations like real estate brokers, executives and dentists have the highest average rates attributed to high stress and lengthy work days. Other jobs such as actors, historians and the unemployed get better rates.
- Special features that cut premiums - Choosing a vehicle that has an advanced theft prevention system can help bring down rates. Anti-theft devices such as LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system can thwart your vehicle from being stolen.
- Little extras can really add up - There are a lot of extra coverages you can purchase if you aren't careful. Insurance for personal injury protection, better glass coverage and additional equipment coverage may be wasting your money. These coverages may sound good at first, but now you might not need them so eliminate the coverages to reduce your premium.
More discounts equal less premium
Auto insurance companies don't necessarily list every available discount in a way that's easy to find, so the following is a list of some of the best known and the more hidden ways to save on auto insurance. If you aren't receiving every discount possible, you are paying more than you should be.
- Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems help deter theft and qualify for as much as a 10% discount.
- Organization Discounts - Affiliation with a civic or occupational organization could trigger savings on your policy.
- Drivers Ed for Students - Cut your cost by having your teen driver take driver's ed class in high school.
- Claim Free - Drivers with accident-free driving histories pay less compared to accident-prone drivers.
- Defensive Driving Course - Completing a course teaching defensive driving skills could possibly earn you a 5% discount if your company offers it.
It's important to note that most discount credits are not given to all coverage premiums. Most only reduce the cost of specific coverages such as comprehensive or collision. Just because it seems like it's possible to get free car insurance, you're out of luck.
To choose providers with the best auto insurance discounts in Hollister, click this link.
Switch companies and save? Really?
North Carolina drivers can't ignore all the ads that promise big savings from the likes of Allstate and Progressive. All the ads make the same claim that you can save if you move your coverage to them.
How can each company say the same thing?
All companies are able to cherry pick for the type of customer that makes them money. A good example of a preferred risk might be profiled as a mature driver, has no driving citations, and drives newer vehicles. A propective insured who matches those parameters will get the preferred rates and therefore will save when they switch companies.
Potential customers who do not match the requirements will be charged a higher premium which leads to business not being written. The ads state "people who switch" not "everyone that quotes" save that much money. That's the way insurance companies can claim big savings. That is why you should quote coverage with many companies. It's not possible to predict which auto insurance company will give you the biggest savings.
Additional detailed information can be read at the North Carolina Department of Insurance website. North Carolina drivers can read consumer alerts, find out which companies have the most complaints, download brochures, and read industry bulletins.
And the best car insurance company is...
When trying to cut insurance costs, it's a bad idea to buy poor coverage just to save money. Too many times, someone sacrificed collision coverage and discovered at claim time that it was a big mistake. The aim is to get the best coverage possible at an affordable rate, not the least amount of coverage.
Lower-priced auto insurance is possible on the web as well as from independent agents in Hollister, and you need to price shop both to have the best rate selection. A few companies don't offer online price quotes and many times these small insurance companies only sell through independent insurance agents.
