5 Ways to Save on Car Insurance in Larchmont

Beginners to buying insurance online may find shopping for the lowest-priced Larchmont car insurance to be a formidable task.

It's important to price shop coverage periodically since rates are constantly changing. Despite the fact that you may have had the lowest price on your last policy you can probably find a better price now. Forget all the misinformation about car insurance because you're about to find out one of the best ways to find the best coverage while lowering your premiums.

These 5 discounts can lower your rates

Companies offering auto insurance do not list all their discounts in a way that's easy to find, so we researched some of the more common and the harder-to-find savings tricks you should be using. If you aren't receiving every discount you qualify for, you are paying more than you should be.

  • Accident Forgiveness - A handful of insurance companies will allow you to have one accident before hitting you with a surcharge as long as you don't have any claims prior to the accident.
  • Good Student - This discount can get you a discount of up to 25%. Earning this discount can benefit you well after school through age 25.
  • 55 and Retired - If you're over the age of 55, you may be able to get a discount up to 10%.
  • Federal Employees - Employees or retirees of the government can save as much as 8% with select insurance companies.
  • Anti-theft Discount - Cars that have factory anti-theft systems help deter theft and therefore earn up to a 10% discount.

As a disclaimer on discounts, most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. Just because it seems like it's possible to get free car insurance, car insurance companies aren't that generous.

To choose companies who offer car insurance discounts in Larchmont, click here to view.

Are you falling for claims of savings?

Consumers can't ignore all the ads for cheaper car insurance from companies such as State Farm, GEICO and Progressive. They all seem to make an identical promise about savings after switching your policy.

How can each company make the same claim? This is how they do it.

All companies have a certain "appetite" for the right customer that makes them money. For instance, a desirable insured could be between 25 and 40, a clean driving record, and has great credit. Any new insured who meets those qualifications gets the lowest rates and as a result will probably save when they switch companies.

Potential insureds who are not a match for the requirements will have to pay more money and ends up with business going elsewhere. Company advertisements say "drivers who switch" not "everybody who quotes" save that kind of money. That is how companies can truthfully advertise the savings. Because of the profiling, you should get a wide range of price quotes. It's just too difficult to predict which company will fit your personal profile best.

Different people need different coverages

When buying the best car insurance coverage for your vehicles, there really is not a "perfect" insurance plan. Everyone's situation is unique.

For instance, these questions may help highlight whether you would benefit from an agent's advice.

  • Does my policy cover me when driving someone else's vehicle?
  • Do I need to file an SR-22 for a DUI in New York?
  • Should I put collision coverage on all my vehicles?
  • Am I covered if I drive in a foreign country?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?
  • Do I have coverage when using my vehicle for my home business?

If you're not sure about those questions but a few of them apply, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form. It is quick, free and may give you better protection.

Even more information is located at the New York Department of Financial Services website. Consumers can learn about insurance regulations, file complaints about a company, and download brochures.

New York car insurance

In the end, you save

Cheap car insurance can be bought from both online companies in addition to many Larchmont insurance agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who do not provide online price quotes and most of the time these small, regional companies sell through independent agents.

You just learned many tips how you can save on car insurance. The most important thing to understand is the more rate comparisons you have, the more likely it is that you will get a better rate. You may even discover the most savings is with a smaller regional carrier.

When you buy insurance online, it's a bad idea to buy poor coverage just to save money. In many cases, someone dropped liability coverage limits only to discover later that the few dollars in savings costed them thousands. Your aim should be to buy the best coverage you can find for the lowest price.