Top 6 Ways to Save Money on Car Insurance in Lewisville

Shopping for the lowest cost Lewisville car insurance on the internet can be rather challenging for consumers new to online price comaprisons. Because there are so many insurance companies available, how can you possibly compare the different rates to find the best price?

It's important to get comparison quotes quite often since rates are constantly changing. Even if you think you had the lowest price a few years ago you will most likely find a better rate today. There is too much inaccurate information about car insurance on the internet, so we're going to give you some great ways to put money back in your pocket.

Save big with these six discounts

Companies do not advertise every available discount very clearly, so we researched some of the more common and the more hidden car insurance savings.

  • Good Student Discount - Performing well in school can save 20 to 25%. Earning this discount can benefit you up until you turn 25.
  • 55 and Retired - If you qualify as a senior citizen, you may receive a discount up to 10%.
  • Safety Course Discount - Taking a driver safety course could cut 5% off your bill if you qualify.
  • Resident Student - Children who are attending college and don't have a car may qualify for this discount.
  • Multi-policy Discount - If you have multiple policies with the same company you could get a discount of 10% to 20% off each policy.
  • No Claims - Drivers who don't have accidents pay much less compared to drivers who are more careless.

It's important to note that most of the big mark downs will not be given to the overall cost of the policy. Most cut the cost of specific coverages such as medical payments or collision. So when the math indicates you would end up receiving a 100% discount, you're out of luck.

Minnesota car insurance

But I don't know anything about car insurance

When it comes to buying the best car insurance coverage for your personal vehicles, there isn't really a "perfect" insurance plan. Each situation is unique.

These are some specific questions may help you determine if your situation might need an agent's assistance.

  • Do I need to file an SR-22 for a DUI in Minnesota?
  • Should I buy additional glass protection?
  • Should I rate my vehicle as pleasure use or commute?
  • What are Minnesota no-fault laws?
  • Am I covered when driving in Canada or Mexico?
  • What companies insure drivers after a DUI or DWI?
  • What can I do if my company won't pay a claim?
  • Is rental equipment covered for theft or damage?

If you don't know the answers to these questions but a few of them apply, you may need to chat with a licensed agent. If you don't have a local agent, complete this form.

Car insurance ads bend the truth

Companies like State Farm and Allstate consistently run ads on TV and radio. All the ads say the same thing that you can save if you change your policy. How does each company make the same claim?

Different companies have a preferred profile for the right customer that earns them a profit. For instance, a preferred risk could be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. Any new insured who fits that profile gets the lowest rates and most likely will save when switching.

Potential customers who fall outside these standards will be charged higher prices which usually ends up with business going elsewhere. The ads say "people who switch" not "people who quote" save that kind of money. This is how insurance companies can make the claims of big savings. That is why you should get a wide range of price quotes. It's just too difficult to predict which insurance companies will fit your personal profile best.

Additional detailed information is located at the Minnesota Department of Commerce website. Consumers can file complaints about a company, learn about insurance regulations, and discover disciplinary actions.

Lewisville car insurance comparison

Affordable insurance is out there

You just learned many ways to reduce car insurance prices online. It's most important to understand that the more you quote, the more likely it is that you will get a better rate. Consumers may even find the lowest rates come from a company that doesn't do a lot of advertising.

As you shop your coverage around, it's very important that you do not buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

Lower-priced car insurance is attainable from both online companies in addition to many Lewisville insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some insurance providers do not provide you the ability to get quotes online and many times these small, regional companies only sell through independent insurance agents.