Top Ways to Save on Iron River Car Insurance

Expensive car insurance can dwindle your personal savings and make it impossible to make ends meet. Shopping your coverage around is a smart way to reduce premiums and put more money in your pocket.

Multiple compete for your hard-earned dollar, and because of this it can be hard to compare to discover the definitive lowest price

It's important to compare rates on a regular basis because rates are constantly changing. Even if you got the best deal a few years ago there is a good chance you can find better rates now. So ignore everything you know about car insurance because you're going to learn the only way to properly buy coverages and cut your premium.

You have some control over your rates

Consumers need to have an understanding of some of the elements that help determine your car insurance rates. Understanding what influences your rates enables informed choices that may reward you with big savings.

Teen drivers pay high rates - More mature drivers are viewed as being more responsible, file fewer claims and are safer drivers. Young drivers are known to be less responsible when driving therefore car insurance rates are much higher.
Marriage pays dividends - Being married can get you a discount when buying car insurance. It means you're more mature it has been statistically shown that married drivers get in fewer accidents.
Lower miles equals lower premium - Driving more miles in a year's time the more you will pay for car insurance. Most insurance companies rate vehicles based on their usage. Vehicles not used for work or commuting can get a lower rate compared to those used for work or business. Ask your agent if your car insurance coverage is showing the proper vehicle usage, because it can save money.
High deductibles save money - Physical damage insurance, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your car. Some instances where coverage would apply are running into the backend of another car, vandalism, or theft. Your deductibles are how much you are required to spend before a claim is paid by your company. The more money you are required to pay out-of-pocket, the bigger discount you will receive.
How's your driving record? - Careful drivers tend to pay less for car insurance compared to drivers with tickets. Just one speeding ticket can boost insurance rates by as much as thirty percent. Drivers who have flagrant citations such as reckless driving, hit and run or driving under the influence may need to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to keep their license.
Add-on coverages can add up - There are a ton of add-on coverages that you can buy on your policy. Coverages like vanishing deductibles, towing coverage and term life insurance are examples of these. These coverages may sound good when talking to your agent, but if they're wasting money get rid of them and save.

How to Lower Your Car Insurance Cost in Iron River, Michigan

The are a couple different ways to compare quotes from local Iron River car insurance companies. One of the best ways to find competitive insurance rates involves getting comparison quotes online. This is very easy and can be done in just a few minutes using one of these methods.

The fastest way to find the lowest comparison rates is a comparison rater form (click to open form in new window). This method saves time by eliminating separate quotes to each individual car insurance company. One form submission gets rate comparisons instantly.
Another way to shop for car insurance online is spending the time to visit each company's website to complete a price quote. For sake of this example, we'll assume you want comparison quotes from , and . To find out each rate you need to spend time on each company's site and enter your policy data, and that's why the first method is more popular.

For a list of links to companies insuring cars in Iron River, click here.
The least efficient way to get comparison rates is to spend your day driving to different Iron River agent offices. Buying insurance online eliminates the need for an insurance agent unless you have a need for the professional advice only provided by licensed Iron River agents. You can, however, find lower rates online but buy from a local insurance agent and we'll talk about that later.

Whichever way you use, ensure you are comparing the exact same information with each company. If each company quotes higher or lower deductibles it will be very difficult to make an equal comparison in Iron River. Just a small difference in limits may result in a large different in cost. Just remember that getting more free quotes will enable you to find the best price.

Policy discounts you shouldn't miss

Companies don't always advertise all their discounts in an easy-to-find place, so here is a list some of the more common and the harder-to-find car insurance savings.

College Student - Children who live away from home and do not have access to a covered vehicle can receive lower rates.
Accident Waiver - A few companies will allow you to have one accident before hitting you with a surcharge as long as you don't have any claims for a particular time prior to the accident.
Discount for Life Insurance - Some companies give lower rates if you buy auto and life insurance together.
Own a Home - Owning a house in Iron River may trigger a car insurance policy discount due to the fact that maintaining a home requires personal responsibility.
Good Student Discount - This discount can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.

It's important to note that most of the big mark downs will not be given to all coverage premiums. Some only apply to the price of certain insurance coverages like liability, collision or medical payments. Even though it may seem like all those discounts means the company will pay you, you're out of luck.

To choose companies who offer car insurance discounts in Iron River, follow this link.

Save $429 a year? Really?

Car insurance companies such as Progressive, GEICO, Allstate and State Farm continually stream television and radio advertisements. They all seem to say the same thing that you can save after switching to their company. How do they all make the same claim? This is how they do it.

All the different companies have a preferred profile for the driver that makes them money. An example of a desirable insured could be between the ages of 40 and 55, insures multiple vehicles, and drives less than 7,500 miles a year. A customer who fits that profile will qualify for the lowest rates and is almost guaranteed to cut their rates substantially.

Potential insureds who don't qualify for the "perfect" profile will have to pay more money which usually ends up with business going elsewhere. The ad wording is "drivers who switch" but not "drivers who get quotes" save that much. This is how insurance companies can advertise the way they do. Because of the profiling, you need to get a wide range of price quotes. Because you never know which insurance companies will provide you with the cheapest rates.

Additional detailed information is available at the Michigan Office of Financial and Insurance Regulation website. Consumers can read enforcement actions against agents and companies, get help finding coverage, file complaints about an insurance agent or broker, and report car insurance fraud.

Do the work, save more money

When shopping online for car insurance, never reduce coverage to reduce premium. There are many occasions where drivers have reduced comprehensive coverage or liability limits to discover at claim time that a couple dollars of savings turned into a financial nightmare. Your aim should be to get the best coverage possible for the lowest price.

Lower-priced car insurance can be purchased from both online companies and also from your neighborhood Iron River agents, so you should be comparing quotes from both to have the best chance of lowering rates. Some car insurance companies may not provide online price quotes and most of the time these smaller companies sell through independent agents.

We just showed you many ways to compare car insurance prices online. The most important thing to understand is the more times you quote, the better your chances of lowering your rates. Consumers may even find the lowest priced car insurance comes from a smaller regional carrier. These smaller insurers often have lower prices on specific markets compared to the large companies like .