Lower Online Louisville Auto Insurance Prices With These Methods

Finding the best price on Louisville auto insurance might seem complicated at first if you have never used online quoting. Don't let that stop you because comparing prices is actually very simple.

What determines how much you pay?

Consumers need to have an understanding of the rating factors that go into determining auto insurance rates. Having a good understanding of what impacts premium levels allows you to make educated decisions that could result in lower auto insurance prices.

Listed below are a few of the "ingredients" companies use to determine premiums.

What are your deductibles? - Physical damage deductibles represent how much money you are willing to pay before your auto insurance pays a claim. Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. Examples of covered claims are colliding with a building, collision with an animal, and rolling your vehicle. The higher the amount you're willing to pay, the lower your rates will be.
Performance level impacts rates - The type of car you are insuring makes a significant difference in how high your rates are. Low performance passenger cars receive the most favorable rates, but the final cost of insurance is determined by many other factors.
Better credit means lower rates - A driver's credit score is a large factor in determining your rates. If your credit is lower than you'd like, you could save money insuring your by improving your credit score. Drivers with excellent credit tend to file fewer claims and have better driving records than drivers who have poor credit.
Your occupation can affect rates - Did you know your auto insurance rates can be affected by your occupation? Occupations such as lawyers, executives and dentists tend to pay the highest average rates attributed to high stress levels and lengthy work days. Other occupations such as scientists, historians and homemakers have the lowest average rates.

Are you getting all your discounts?

Insurance can cost an arm and a leg, but there are discounts available that you may not even be aware of. Larger premium reductions will be automatically applied when you purchase, but less common discounts must be asked about before being credited. If you aren't receiving every discount you qualify for, you are paying more than you should be.

Homeowners Savings - Owning a home in Louisville may earn you a small savings because owning a home is proof that your finances are in order.
Early Signing - A few companies offer discounts for signing up prior to your current policy expiration. This can save 10% or more.
Air Bag Discount - Vehicles equipped with air bags or motorized seat belts can qualify for discounts of 20% or more.
Accident Free - Good drivers with no accidents can save substantially when compared with accident-prone drivers.
Military Rewards - Having a family member in the military could mean lower rates.
Good Student - This discount can get you a discount of up to 25%. This discount can apply until age 25.

A little note about advertised discounts, most discount credits are not given to the entire policy premium. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So even though they make it sound like it's possible to get free car insurance, you won't be that lucky. Any amount of discount will reduce the cost of coverage.

To choose insurers offering auto insurance discounts in Louisville, click this link.

How can Allstate, GEICO and Progressive save drivers who switch?

Tennessee drivers can't ignore all the ads for cheaper car insurance by companies like Allstate, GEICO and Progressive. All the companies make the same claim about savings if you switch to them.

How can each company say the same thing?

All companies have a certain "appetite" for the type of driver that makes them money. For example, a profitable customer might be profiled as a mature driver, a clean driving record, and drives less than 10,000 miles a year. A propective 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 prices which leads to business not being written. The ads say "people who switch" not "everybody who quotes" save money. That is how companies can truthfully advertise the way they do.

This illustrates why you should compare many company's rates. It's not possible to predict which company will provide you with the cheapest rates.

Tailor your coverage to you

When buying the right insurance coverage for your vehicles, there really is not a one size fits all plan. Everyone's needs are different.

For instance, these questions may help highlight whether you would benefit from professional advice.

When do I need to add a new car to my policy?
Does my car insurance cover rental cars?
Should I drop comprehensive coverage on older vehicles?
What companies insure drivers after a DUI or DWI?
Do I have coverage when using my vehicle for my home business?
Do I need to file an SR-22 for a DUI in Tennessee?

If it's difficult to answer those questions, then you may want to think about talking to an agent. If you don't have a local agent, fill out this quick form. It is quick, free and can provide invaluable advice.

Additional information can be found on the Tennessee Department of Commerce and Insurance website through this link. Tennessee drivers can report car insurance fraud, learn about specific coverages, and find out industry alerts.

In the end, you save

Cheaper auto insurance is available on the web and with local Louisville insurance agents, and you need to price shop both in order to have the best price selection to choose from. Some auto insurance companies do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.

In this article, we covered some good ideas how to save on auto insurance. The key thing to remember is the more rate comparisons you have, the better your chances of lowering your rates. Consumers may even find the best price on auto insurance is with an unexpected company.

Insureds switch companies for many reasons like lack of trust in their agent, high prices, poor customer service or even high rates after DUI convictions. Regardless of your reason for switching companies, finding the right auto insurance provider is easier than you think.