Car Insurance in Lawrence, NY - 5 Discounts You Might be Losing Out On

Price shopping your Lawrence car insurance is difficult for consumers new to comparison shopping online. Consumers have so many options that it can be a challenge to find lower rates in Lawrence.

These 5 discounts can lower your rates

Insurance can be prohibitively expensive, but there are discounts available that many people don't even know exist. Most are applied when you complete an application, but less common discounts must be specially asked for before they will apply.

  • Fewer Miles Equal More Savings - Driving fewer miles can earn better rates on cars that stay parked.
  • Military Rewards - Having a family member in the military could mean lower rates.
  • Anti-theft System - Vehicles equipped with anti-theft or alarm systems help deter theft and will save you 10% or more.
  • Payment Discounts - If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.
  • Auto/Home Discount - If you have multiple policies with one insurance company you will save 10% to 20% off each policy.

Keep in mind that most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as liability and collision coverage. Just because you may think you could get a free car insurance policy, it just doesn't work that way. But any discount will reduce the cost of coverage.

car insurance in Lawrence

Are you falling for claims of savings?

21st Century, Allstate and State Farm constantly bombard you with ads on television and other media. All the companies make the same claim that you can save if you switch to them. How can each company claim to save you money?

Different companies can use profiling for the type of driver that earns them a profit. For example, a profitable customer might be over the age of 40, has no tickets, and chooses high deductibles. Any new insured who matches those parameters gets the lowest rates and as a result will probably save when they switch companies.

Consumers who are not a match for the requirements must pay higher rates which leads to the customer not buying. Company advertisements say "customers that switch" not "everybody who quotes" save money. That's why insurance companies can state the savings.

This illustrates why drivers should get a wide range of price quotes. It's just too difficult to predict the company that will give you the biggest savings.

More information can be found on the New York Department of Financial Services website located here. Visitors are able to find disaster information, view a list of available companies, and read consumer alerts.

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Do the work, save more money

Affordable car insurance can be found both online and with local Lawrence insurance agents, and you need to comparison shop both to get a complete price analysis. Some insurance companies do not offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

Insureds switch companies for a number of reasons such as delays in responding to claim requests, unfair underwriting practices, policy non-renewal and even poor customer service. Regardless of your reason for switching companies, choosing a new insurance company is less work than it seems.

When buying insurance coverage, it's not a good idea to skimp on coverage in order to save money. There are a lot of situations where an insured dropped physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. The proper strategy is to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.