Tightwads Instructions on Saving on Malden Auto Insurance

Did you fall for a flashy sales pitch and buy an underperforming, overpriced auto insurance policy? Believe me when I say you're not the only one. Lots of contend to insure your vehicles, so it can be very hard to choose a and get the best coverage at the lowest rate

Understand what determines the rate you pay

Consumers need to have an understanding of the rating factors that help determine the rates you pay for auto insurance. Understanding what impacts premium levels helps enable you to make changes that could result in much lower annual insurance costs.

The following are some of the factors that factor into premiums.

  • Higher safety ratings means cheaper insurance - Vehicles with high crash test scores tend to have better insurance rates. Safe vehicles have better occupant injury protection and any reduction in injury severity means lower claim amounts and lower rates for you.
  • Liability coverage is cheap - Liability coverage provides coverage if you are found liable for damages caused by your negligence. It will provide legal defense coverage which can be incredibly expensive. Carrying liability coverage is mandatory and cheap when compared with rates for comp and collision, so drivers should carry high limits.
  • Being married can save on auto insurance - Being married can get you a discount on your auto insurance policy. Having a spouse usually means you are more responsible and statistics show being married results in fewer claims.
  • Don't buy coverages you don't need - There are a ton of extra coverages that you can get tricked into buying when buying auto insurance. Coverages like roadside assistance, accidental death and membership fees may be wasting your money. These may sound like a good investment initially, but your needs may have changed so get rid of them and save.
  • Do you know your deductibles? - Physical damage deductibles represent how much money you are required to spend before a claim is paid by your company. Physical damage coverage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some examples of claims that would be covered would be colliding with a building, damage caused by hail, or theft. The more money the insured has to pay upfront, the less your auto insurance will be.
  • Keep rates low by being claim-free - If you file claims often, you can pretty much guarantee either policy cancellation or increased premiums. Auto insurance companies in Missouri give better rates to insureds who do not rely on their insurance for small claims. Your insurance policy is intended for the large, substantial claims.

auto insurance in Malden

Take advantage of discounts

Companies that sell car insurance do not advertise all available discounts in an easy-to-find place, so here is a list both the well known and also the lesser-known ways to save on auto insurance. If they aren't giving you every credit possible, you are paying more than you should be.

  • Fewer Miles Equal More Savings - Fewer annual miles can qualify you for better rates on cars that stay parked.
  • Multiple Vehicles - Insuring multiple vehicles with the same company can get a discount on all vehicles.
  • Paperless Signup - A few companies may give you up to $50 for buying your policy on their website.
  • Homeowners Discount - Owning a home in Malden may earn you a small savings due to the fact that maintaining a home requires personal responsibility.
  • Auto/Life Discount - Companies who offer life insurance give lower rates if you buy life insurance.
  • Driver Safety - Successfully completing a defensive driving course could possibly earn you a 5% discount if your company offers it.

A little note about advertised discounts, many deductions do not apply to all coverage premiums. Most only apply to specific coverage prices like liability and collision coverage. So even though they make it sound like all the discounts add up to a free policy, you won't be that lucky.

To choose insurers who offer auto insurance discounts in Malden, click this link.

Are auto insurance companies telling the truth?

Consumers in Missouri can't ignore all the ads that promise big savings from companies such as 21st Century, Allstate and State Farm. All the companies make the same claim about savings after switching your policy.

How do they all claim to save you money? It's all in the numbers.

Insurance companies are able to cherry pick for the right customer that makes them money. An example of a profitable customer might be between the ages of 30 and 50, has no driving citations, and has a short commute. A customer getting a price quote who matches those parameters is entitled to the best price and most likely will cut their rates substantially.

Consumers who don't qualify for the "perfect" profile must pay higher prices which leads to the customer not buying. The ads state "customers who switch" not "people who quote" save that kind of money. That's the way companies can truthfully make the claims of big savings. This illustrates why you should get quotes from several different companies. It's impossible to know which auto insurance company will fit your personal profile best.

Learn more about Missouri auto insurance

Even more information is available at the Missouri Department of Insurance website. Visitors are able to find disaster information, find out which companies have the most complaints, get help finding coverage, and discover disciplinary actions.

And the best car insurance company is...

Cheaper auto insurance can be sourced both online in addition to many Malden insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some insurance providers do not provide online price quotes and usually these smaller companies provide coverage only through local independent agents.

We covered many ideas to save on auto insurance. The most important thing to understand is the more companies you get rates for, the better chance you'll have of finding lower rates. Consumers could even find that the lowest rates come from some of the smallest insurance companies. Some small companies may cover specific market segments cheaper than their larger competitors like .