5 Best Tips to Lower Car Insurance Costs in Leicester, NC
Are you intimidated by the sheer number of car insurance choices in Leicester? Many other consumers are too. People have so many choices that it can turn into a real hassle to find the best price.
It's important to get comparison quotes every six months since rates are constantly changing. Just because you found the lowest rates last year you can probably find a better price now. Starting right now, block out anything you think you know about car insurance because we're going to show you the tricks you need to know to save on car insurance.
Take advantage of discounts
Companies offering auto insurance don't necessarily list all their discounts very well, so we break down some of the more common as well as the least known car insurance savings.
- Discount for Life Insurance - Some companies give a break if you buy life insurance.
- Organization Discounts - Belonging to a professional or civic organization could qualify you for a break on car insurance.
- Homeowners Discount - Owning a house in Leicester may trigger a car insurance policy discount because maintaining a house is proof that your finances are in order.
- Discount for Swiching Early - Some insurance companies reward drivers for switching to them prior to your current policy expiration. The savings is around 10%.
- Bundle and Save - If you insure your home and vehicles with the same company you may save at least 10% off all policies.
It's important to note that most of the big mark downs will not be given to all coverage premiums. Most cut individual premiums such as collision or personal injury protection. So when it seems like adding up those discounts means a free policy, you're out of luck.
To choose companies with discount car insurance rates in North Carolina, follow this link.
Are car insurance companies telling the truth?
Car insurance companies such as GEICO, State Farm and Progressive consistently run ads on TV and radio. They all seem to say the same thing that you can save if you change your policy. But how can every company make the same claim?
Insurance companies are able to cherry pick for the right customer that makes them money. For example, a desirable insured could be between the ages of 40 and 55, has no driving citations, and has great credit. Any new insured who fits that profile gets the lowest rates and most likely will save a lot of money.
Potential customers who don't qualify for this ideal profile will have to pay higher prices which usually ends up with business going elsewhere. The ads say "customers that switch" not "people who quote" save that kind of money. That's the way insurance companies can advertise the savings. Because of the profiling, you should get a wide range of price quotes. It's just too difficult to predict which car insurance company will give you the biggest savings.
Learn more about North Carolina car insurance
Additional detailed information can be found at the North Carolina Department of Insurance website. Consumers can file complaints about an insurance agent or broker, find out which companies have the most complaints, and report car insurance fraud.
Other informative sites include Auto Insurance 101 and this page where you can research Leicester insurance agents.
Shop smart and save
As you prepare to switch companies, don't be tempted to buy poor coverage just to save money. In many instances, someone sacrificed uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. The ultimate goal is to purchase plenty of coverage at a price you can afford.
Lower-priced car insurance can be sourced from both online companies in addition to many Leicester insurance agents, so you should be comparing quotes from both so you have a total pricing picture. There are still a few companies who do not provide online price quotes and most of the time these regional insurance providers sell through independent agents.
You just learned many ways to save on car insurance. It's most important to understand that the more rate quotes you have, the higher your chance of finding lower rates. You may even discover the lowest priced car insurance comes from a small local company.
