7 Tips to Save on Car Insurance in Lafayette Minnesota

Have you had enough of not being able to afford each month for car insurance? You're in the same situation as many other Minnesota drivers.

Having so many different company options, it's nearly impossible to find the cheapest car insurance company.

Finding affordable coverage in Lafayette is easy if you know what you're doing. If you have car insurance now, you should be able to cut costs considerably using this information. But Minnesota consumers do need to know how companies compete online because it can help you find the best coverage.

compare Lafayette car insurance rates

Policy discounts you shouldn't miss

Companies do not list every discount very well, so we researched both the well known and the more hidden ways to save on car insurance.

  • Driver's Ed - Cut your cost by having your teen driver successfully complete driver's ed class if it's offered in school.
  • Employee of Federal Government - Employees or retirees of the government can save as much as 8% with a few car insurance companies.
  • Save with a New Car - Adding a new car to your policy can cost up to 25% less since new cars are generally safer.
  • Good Students Pay Less - This discount can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Auto/Life Discount - Select insurance companies reward you with a break if you buy a life insurance policy as well.
  • Organization Discounts - Being a member of a professional or civic organization could trigger savings when shopping for car insurance.
  • Claim Free - Claim-free drivers pay much less when compared to accident-prone drivers.

Consumers should know that many deductions do not apply to the entire cost. The majority will only reduce the cost of specific coverages such as liability and collision coverage. So even though they make it sound like it's possible to get free car insurance, companies don't profit that way.

To choose insurance companies who offer car insurance discounts in Minnesota, click this link.

Save $429 a year? Really?

Car insurance providers like State Farm, Allstate and GEICO continually stream television and radio advertisements. They all make the same claim that you'll save big after switching your coverage to them. But how can every company claim to save you money?

All companies can use profiling for the type of customer that makes them money. For instance, a driver they prefer might be between 25 and 40, is a homeowner, and has great credit. Any new insured who matches those parameters gets the lowest rates and is almost guaranteed to save a lot of money.

Drivers who don't qualify for this ideal profile will be quoted a higher premium which leads to the customer not buying. Company advertisements say "people who switch" but not "drivers who get quotes" save that much money. That's why companies can advertise the savings. This emphasizes why you should get a wide range of price quotes. It's just too difficult to predict the company that will fit your personal profile best.

More detailed Minnesota car insurance information is located at the Minnesota Department of Commerce website. Visitors are able to download brochures, read industry bulletins, read enforcement actions against agents and companies, and file complaints about a company.

Other informative sites include this site for car insurance rates in Minnesota and this list of insurance agents in Lafayette, MN.

Shop smart and save

When you buy insurance online, don't be tempted to buy poor coverage just to save money. There have been many situations where an accident victim reduced liability coverage limits only to discover later that the few dollars in savings costed them thousands. The proper strategy is to buy the best coverage you can find at an affordable rate while still protecting your assets.

Discount car insurance can be bought both online as well as from independent agents in Lafayette, so you should compare both to have the best selection. There are still a few companies who don't offer online price quotes and these small, regional companies work with independent agents.