Free Guide to Spending Less for Lawrence Car Insurance Online

Having to pay for overpriced car insurance can empty your personal savings and make it impossible to make ends meet. Comparing price quotes is a smart way to make sure you're not throwing money away. Drivers have multiple to buy insurance from, and although it's a good thing to have multiple companies, it can be more challenging to compare rates.

Choosing the best insurance company for you in Lawrence is quite easy. If you currently have a car insurance policy, you stand a good chance to be able to reduce your rates substantially using these techniques. Michigan drivers only need an understanding of the proper way to shop their coverage around over the internet.

More discounts equal less premium

Companies don't list every discount very clearly, so the following is a list of both the well known and the more hidden car insurance savings. If you're not getting every credit you deserve, you are throwing money away.

  • Payment Method - If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
  • Accident Waiver - Certain companies permit an accident before your rates go up if your claims history is clear for a set time period.
  • Discount for Life Insurance - Larger companies have a discount if you purchase life insurance.
  • Distant Student - Children living away from home attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Air Bag Discount - Cars that have air bags or automatic seat belts may earn rate discounts of up to 25% or more.
  • Clubs and Organizations - Being a member of a qualifying organization could qualify you for a break when shopping for car insurance.
  • Paperwork-free - A few companies may give you up to $50 simply for signing over the internet.
  • Low Mileage Discounts - Fewer annual miles could qualify for lower rates on the low mileage vehicles.

Consumers should know that most credits do not apply to all coverage premiums. Most only reduce the cost of specific coverages such as liability and collision coverage. So even though they make it sound like adding up those discounts means a free policy, companies don't profit that way.

compare Lawrence car insurance rates

Switch companies and save? Really?

Consumers in Michigan get pounded daily by advertisements for car insurance savings by State Farm, Allstate and GEICO. They all say the same thing of big savings after switching to their company.

How does each company claim to save you money?

Insurance companies have a preferred profile for the driver that earns them a profit. A good example of a driver they prefer might be between 25 and 40, insures multiple vehicles, and drives less than 7,500 miles a year. Any driver who fits that profile will get the preferred rates and therefore will save when switching.

Potential customers who do not match these standards will be quoted a higher premium which usually ends up with the customer not buying. The ads state "people who switch" not "everyone that quotes" save that much. This is how insurance companies can confidently advertise the way they do. This emphasizes why you should get a wide range of price quotes. You cannot predict which insurance companies will provide you with the cheapest rates.

For more Michigan car insurance information

More tips and info about car insurance can be read at the Michigan Office of Financial and Insurance Regulation website. Visitors are able to view a list of available companies, get help finding coverage, view agent and company licensing information, and read enforcement actions against agents and companies.

In the end, you save

Cost effective car insurance can be purchased both online and also from your neighborhood Lawrence agents, so you should compare both to have the best rate selection. Some car insurance companies may not provide you the ability to get quotes online and these small insurance companies work with independent agents.

When shopping online for car insurance, it's very important that you do not buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced collision coverage and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to get the best coverage possible at an affordable rate while still protecting your assets.