How to Know You're Throwing Money Away for Auto Insurance in Louisiana

Sick and tired of not being able to afford each month for car insurance? Your situation is no different than the majority of other car owners in Missouri. You have so many to buy insurance from, and even though it's nice to have multiple companies, lots of choices makes it harder to compare rates.

Locating the lowest cost protection in Louisiana can be fairly easy. If you have a current auto insurance policy or are looking for a new policy, you can learn to shop for the lowest rates while maximizing coverage. Missouri consumers only need to know the best way to shop their coverage around over the internet.

More discounts equal less premium

Properly insuring your vehicles can get expensive, buy you may qualify for discounts to cut the cost considerably. Certain discounts will be triggered automatically when you purchase, but some may not be applied and must be asked for before being credited. If you're not getting every credit available, you are throwing money away.

  • No Claims - Claim-free drivers pay less when compared to drivers who are more careless.
  • Payment Method - If you pay your entire premium ahead of time instead of monthly or quarterly installments you could save 5% or more.
  • Distant Student - Kids in college living away from home attending college and do not have access to a covered vehicle may be able to be covered for less.
  • Senior Discount - If you qualify as a senior citizen, you may be able to get a discount up to 10%.
  • Drivers Education - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if it's offered in school.
  • Homeowners Pay Less - Simply owning a home can help you save on auto insurance due to the fact that maintaining a home demonstrates responsibility.
  • Seat Belts Save - Using a seat belt and requiring all passengers to buckle their seat belts could cut 10% or more off your PIP or medical payments premium.

A little note about advertised discounts, most discount credits are not given to the entire cost. The majority will only reduce individual premiums such as comp or med pay. So when it seems like having all the discounts means you get insurance for free, you won't be that lucky. Any amount of discount will bring down your premiums.

Switch companies and save? Really?

Missouri drivers get pounded daily by advertisements for the lowest price auto insurance from companies such as Progressive, Allstate and GEICO. They all make an identical promise about savings after switching your policy.

How does each company say the same thing?

All the different companies can use profiling for the right customer that earns them a profit. A good example of a driver they prefer might be profiled as between the ages of 40 and 55, has no tickets, and drives newer vehicles. A propective insured who meets those qualifications gets the lowest rates and therefore will save when switching.

Consumers who do not match these standards will be quoted higher prices and ends up with business not being written. Company advertisements say "customers that switch" not "everyone that quotes" save that kind of money. That's why companies can truthfully claim big savings.

This emphasizes why you should compare as many rates as you can. It's not possible to predict the company that will give you the biggest savings.

More Missouri auto insurance information

Additional information can be read on the website for the Missouri Department of Insurance located here. Missouri drivers can read industry bulletins, view a list of available companies, read enforcement actions against agents and companies, and learn about insurance regulations.

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A tidy conclusion

When trying to cut insurance costs, it's very important that you do not buy lower coverage limits just to save a few bucks. There are too many instances where an insured dropped full coverage and found out when filing a claim that it was a big mistake. Your strategy should be to buy the best coverage you can find at a price you can afford while still protecting your assets.

The cheapest auto insurance can be bought on the web in addition to many Louisiana insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. A few companies do not provide you the ability to get quotes online and these small insurance companies work with independent agents.