7 Shopping Tips Guaranteed to Save Money on Car Insurance Costs in Lookout Mountain

Having to pay for overpriced car insurance can take a big chunk out of your savings account and force you to prioritize other expenses. Comparison shopping is free, only takes a few minutes, and is a good way to slash your bill and have more diposable income.

Big companies like GEICO and Progressive persitently shower you with fancy advertisements and it is difficult to sift through the bull and take the time to shop coverage around.

It's important to compare prices yearly since rates are constantly changing. If you had the best deal a few years ago a different company probably has better rates today. So ignore everything you know about car insurance because we're going to show you the proper way to find lower rates on car insurance.

If you are paying for car insurance now, you will most likely be able to save some money using this information. Finding affordable coverage in Lookout Mountain is not that difficult. Although Tennessee car owners do need to know the way companies market on the web and take advantage of how the system works.

Policy discounts you shouldn't miss

Companies that sell car insurance do not list every available discount in a way that's easy to find, so here is a list some of the more common and the harder-to-find savings tricks you should be using.

Good Student Discount - Performing well in school can be rewarded with saving of up to 25%. The discount lasts up to age 25.
New Car Discount - Buying coverage on a new vehicle is cheaper due to better safety requirements for new cars.
Seat Belts Save - Buckling up and requiring all passengers to use a seat belt can save up to 15% off your PIP or medical payments premium.
Government Employees - Active or retired federal employment may qualify you for a discount with certain companies.
Theft Prevention System - Cars that have factory anti-theft systems help deter theft and therefore earn up to a 10% discount.
E-sign - A handful of insurance companies will give a small break for buying your policy digitally online.
Low Mileage - Keeping the miles down can qualify you for discounted rates on garaged vehicles.

A little note about advertised discounts, most discounts do not apply to your bottom line cost. Some only apply to the price of certain insurance coverages like medical payments or collision. Just because you may think all those discounts means the company will pay you, you won't be that lucky.

Insurance agents can help

When it comes to buying proper insurance coverage for your personal vehicles, there really is not a "perfect" insurance plan. Every insured's situation is different so your insurance should reflect that For example, these questions can help discover whether your personal situation might need an agent's assistance.

Should I buy only the required Tennessee minimum liability coverage?
Can I still get insurance after a DUI?
Why am I be forced to buy a membership to get insurance from some companies?
Am I covered if I drive in a foreign country?
Do I need special endorsements for business use of my vehicle?
Does my personal policy cover me when driving my company car?
Is my vehicle covered for flood damage?

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 insurance agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of car insurance companies in your area.

Save $429 a year? Really?

Companies like State Farm and Allstate regularly use television and radio advertisements. All the ads make an identical promise about savings if you move to their company. How can each company make the same claim? This is how they do it.

All the different companies have a preferred profile for the driver that earns them a profit. An example of a preferred risk could be between the ages of 30 and 50, has no prior claims, and has a short commute. Any new insured who meets those qualifications will qualify for the lowest rates and is almost guaranteed to save when they switch companies.

Consumers who don't qualify for the requirements will be charged higher rates and ends up with business going elsewhere. The ad wording is "drivers who switch" but not "drivers who get quotes" save that much. This is how companies can truthfully make the claims of big savings. That is why drivers should get quotes from several different companies. It's just too difficult to predict which insurance companies will fit your personal profile best.

Learn more about car insurance in Tennessee

Even more information is available at the Tennessee Department of Commerce and Insurance website. Consumers can file complaints about a company, file complaints about an insurance agent or broker, find a variety of consumer forms, and download brochures.

Do the work, save more money

You just learned many tips how you can reduce car insurance prices online. The key concept to understand is the more you quote, the higher the chance of saving money. You may be surprised to find that the lowest rates come from a lesser-known regional company. Regional companies may cover specific market segments cheaper compared to the large companies like .

As you shop your coverage around, it's a bad idea to skimp on coverage in order to save money. There have been many cases where consumers will sacrifice liability limits or collision coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your goal should be to get the best coverage possible for the lowest price, not the least amount of coverage.