7 Tips to Save on Car Insurance in Lowell Michigan
Have you had enough of trying to scrape together enough money each month for car insurance? Your situation is no different than many other drivers in Michigan. You have multiple to buy insurance from, and although it's a good thing to have a selection, having more makes it harder to compare rates.
The purpose of this article is to instruct you on the most effective way to quote insurance. If you currently have car insurance, you stand a good chance to be able to reduce your rates substantially using this information. Michigan drivers only need an understanding of how to compare company rates over the internet.
Be sure to get all your discounts
Insurance can be prohibitively expensive, but you may find discounts to cut the cost considerably. Most are applied when you complete an application, but some may not be applied and must be manually applied before they will apply. If you're not getting every credit available, you're paying more than you need to.
- Fewer Miles Equal More Savings - Fewer annual miles could qualify for lower rates on the low mileage vehicles.
- Payment Method - If you pay your bill all at once instead of paying each month you can actually save on your bill.
- Student in College - Children living away from home attending college and do not have access to a covered vehicle can receive lower rates.
- One Accident Forgiven - Certain companies will allow you to have one accident before raising your premiums so long as you haven't had any claims for a certain period of time.
- Anti-lock Brake Discount - Anti-lock brake equipped vehicles can reduce accidents and will save you 10% or more.
- Paperless Signup - Some insurance companies will give a small break simply for signing over the internet.
- Drivers Education - Have your child enroll in driver's education if it's offered in school.
Consumers should know that most credits do not apply to the entire cost. Some only apply to the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like you could get a free car insurance policy, companies don't profit that way. Any qualifying discounts will bring down the amount you have to pay.
To see a list of insurers who offer car insurance discounts in Michigan, follow this link.
Fast and Easy Lowell Car Insurance Quotes
There are several ways you can shop for car insurance and some are more efficient than others. You can waste a lot of time talking about coverages with agents in Lowell, or you can stay home and use online quotes to achieve your goal.
Many insurance companies take part in a program that allows shoppers to submit one quote, and at least one company provides a quote based on the submitted data. This eliminates the need for quote requests to each individual car insurance company.
To submit your quote information now, click to open in new window.
The one disadvantage to using this type of system is that you can't choose which carriers to get pricing from. So if you want to select individual companies for rate comparison, we have a listing of the cheapest car insurance companies in Michigan. Click to view list.
Which method you use is up to you, but double check that you are using identical coverage information on every quote. If each company quotes unequal deductibles or liability limits it will be very difficult to make a fair comparison in Lowell.
Is there truth in advertising?
Consumers can't get away from ads for the lowest price auto insurance by companies like 21st Century, Allstate and State Farm. All the companies say the same thing of big savings after switching to them.
How does each company make the same claim? This is how they do it.
Different companies can use profiling for the type of driver that is profitable for them. A good example of a profitable customer could be over the age of 40, has no tickets, and drives less than 7,500 miles a year. Any new insured who fits that profile will qualify for the lowest rates and is almost guaranteed to save when switching.
Consumers who don't measure up to these standards must pay higher rates which usually ends up with business going elsewhere. The ad wording is "drivers who switch" but not "drivers who get quotes" save money. That's why insurance companies can confidently advertise the way they do.
This illustrates why drivers must get quotes from several different companies. It's just too difficult to predict the company that will provide you with the cheapest rates.
A tidy conclusion
Cost effective car insurance can be bought from both online companies and with local Lowell insurance agents, and you need to comparison shop both to get a complete price analysis. Some car insurance companies do not offer the ability to get a quote online and usually these small insurance companies provide coverage only through local independent agents.
When shopping online for car insurance, never reduce coverage to reduce premium. There are a lot of situations where an insured dropped full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The proper strategy is to get the best coverage possible for the lowest price while not skimping on critical coverages.
Additional car insurance information can be read on the website for the Michigan Office of Financial and Insurance Regulation. Click here for link. Consumers can find disaster information, view a list of available companies, read enforcement actions against agents and companies, and learn about insurance regulations.
