Tightwads Guide to Saving on Inez Auto Insurance

Are you tired of paying out the nose each month for car insurance? You're in the same situation as the majority of other car owners in Kentucky. Because you have many companies to choose from, it's nearly impossible to find the best car insurance company.

It's important to get comparison quotes once or twice a year because prices are constantly changing. Even if you got the best rates a few years ago you can probably find a better price now. You can find a lot of misleading information regarding auto insurance online, so we're going to give you some great ways to quit paying high auto insurance rates.

Buying car insurance in Inez is not that difficult. If you have insurance now or need new coverage, you will benefit by learning to shop for the lowest rates and possibly find even better coverage. Kentucky consumers only need to know the best way to get comparison quotes online.

Understand what determines the rate you pay

Consumers need to have an understanding of the different types of things that go into determining the price you pay for auto insurance. When you know what positively or negatively impacts premium levels helps enable you to make changes that can help you get big savings.

Clean credit earns discounts - Your credit score is a big factor in your rate calculation. So if your credit history is lower than you'd like, you could save money insuring your by improving your rating. Consumers who have good credit tend to be less risk to insure than drivers who have poor credit.
Special features that cut premiums - Driving a car with a theft deterrent system can help lower your rates. Anti-theft features like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder car theft.
Discounts for multiple policies - Most insurers give discounts to customers who carry more than one policy, otherwise known as a multi-policy discount. Even if you're getting this discount it's still a good idea to comparison shop to confirm you are receiving the best rates possible. You may still be able to find better rates by insuring with multiple companies.
More claims means more premium - Insurance companies in Kentucky award discounts to insureds who do not rely on their insurance for small claims. If you tend to file frequent claims, you can definitely plan on either higher rates or even cancellation. Insurance coverage is designed for major claims that would cause financial hardship.
Safer cars are cheaper to insure - Vehicles with good safety scores can get you lower premiums. Safer cars have better occupant injury protection and lower injury rates translates into fewer and smaller insurance claims passed on to you as lower rates.
Low deductibles can be expensive - Physical damage coverage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered could be collision with another vehicle, vandalism, and windstorm damage. Deductibles for physical damage are the amount of money you are willing to pay in the event of a claim. The more expense the insured has to pay upfront, the less your company will charge you for insurance.
Your job and insurance rates - Did you know that where you work can have an impact on rates? Occupations like real estate brokers, business owners and stock brokers are shown to have the highest rates due to high stress levels and lots of time spent at work. On the other hand, professions such as farmers, students and homemakers pay the least.

Take advantage of discounts

Companies that sell car insurance don't always advertise every available discount very well, so the following is a list of both well-publicized and also the lesser-known savings tricks you should be using. If you don't get every credit available, you are paying more than you should be.

Passive Restraints - Vehicles with factory air bags can receive discounts of 20% or more.
Military Discounts - Being on active duty in the military could mean lower rates.
Anti-lock Brake System - Vehicles equipped with ABS or steering control are safer to drive and earn discounts up to 10%.
Theft Prevention System - Cars that have factory anti-theft systems are stolen less frequently and earn discounts up to 10%.
Organization Discounts - Participating in a professional or civic organization is a good way to get lower rates on your policy.
Employee of Federal Government - Employees or retirees of the government may qualify you for a discount with certain companies.
Low Mileage - Driving fewer miles could qualify for discounted rates on garaged vehicles.

A little note about advertised discounts, most discounts do not apply to the entire cost. Some only reduce specific coverage prices like medical payments or collision. So even though it sounds like having all the discounts means you get insurance for free, you won't be that lucky.

To choose providers offering auto insurance discounts in Kentucky, click here to view.

Are auto insurance companies telling the truth?

Kentucky consumers can't ignore all the ads for the lowest price auto insurance from companies such as State Farm and Allstate. All the ads make an identical promise about savings if you switch your policy.

But how can every company make almost identical claims? It's all in the numbers.

All the different companies can use profiling for the right customer that makes them money. A good example of a preferred risk could possibly be between the ages of 40 and 55, has no tickets, and has a short commute. A customer getting a price quote who meets those qualifications will get very good rates and most likely will save a lot of money.

Potential customers who don't qualify for this ideal profile will be charged a higher premium and ends up with the driver buying from a lower-cost company. The ads say "customers who switch" not "people who quote" save that kind of money. That's why companies can truthfully make the claims of big savings. That is why you should get quotes from several different companies. It's impossible to know the company that will fit your personal profile best.

More Kentucky auto insurance information

Even more information can be read at the Kentucky Department of Insurance website. Kentucky consumers can find out industry alerts, view a list of available companies, read consumer alerts, and download brochures.

Other informative sites include NAIC.org's Understanding your Policy and this directory of Inez insurance agents.

Best coverage at the best price

You just read many tips how you can save on auto insurance. The key thing to remember is the more you quote, the better your comparison will be. You may be surprised to find that the lowest priced auto insurance comes from a small mutual company. Some small companies may cover specific market segments cheaper than their larger competitors like .

As you shop your coverage around, do not buy poor coverage just to save money. There have been many cases where an insured dropped collision coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal should be to find the BEST coverage at the best price, not the least amount of coverage.