Tightwads Tips for Saving on Mazomanie Auto Insurance

Tired of robbing Peter to pay Paul each month for car insurance? Your situation is no different than the majority of other car owners in Wisconsin.

There is such a variety of to buy insurance from, and even though it's nice to have a selection, so many choices can make it hard to compare rates.

It's important to get comparison quotes before your policy renews because prices are constantly changing. If you had the best deal on your last policy the chances are good that you can find a lower rate today. So forget all the misinformation about auto insurance because you're going to get a crash course in the proper way to save on auto insurance.

This information will let you in on how car insurance quotes work and some money-saving tips. If you currently have a car insurance policy, you should be able to save some money using this information. Although Wisconsin consumers do need to know how companies determine prices and take advantage of how the system works.

Be sure to get all your discounts

Car insurance is not cheap, but companies offer discounts to help offset the cost. Some trigger automatically when you complete an application, but some must be inquired about before they will apply.

Multi-policy Discount - When you combine your home and auto insurance with one company you will save at least 10% off all policies.
No Claims - Claim-free drivers can earn big discounts compared to bad drivers.
Pay Upfront and Save - If paying your policy premium upfront instead of paying each month you could save 5% or more.
Resident Student - Any of your kids who live away from home without a vehicle on campus can receive lower rates.
Homeowners Pay Less - Being a homeowner may earn you a small savings because of the fact that having a home requires personal responsibility.
Seat Belts Save more than Lives - Buckling up and requiring all passengers to wear their seat belts can save up to 15% off the personal injury premium cost.
Low Mileage - Keeping the miles down can qualify you for better rates on cars that stay parked.

A little note about advertised discounts, most discount credits are not given to the entire cost. Some only reduce individual premiums such as comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, you won't be that lucky. Any amount of discount will bring down the amount you have to pay.

To see a list of providers with the best auto insurance discounts in Wisconsin, click this link.

Cheap Mazomanie Auto Insurance Comparisons

There are several ways you can shop for auto insurance but one way is more efficient than others. You can waste a lot of time driving to insurance companies in Mazomanie, or you could save time and use online quoting to quickly compare rates.

Many insurance companies participate in a marketplace that allows shoppers to complete one form, and at least one company can give them a price based on that data. This system prevents you from having to do repetitive form submissions to each individual auto insurance company.

To submit your quote information now, click to open in new window.

The only downside to using this type of system is you cannot specify which carriers you want to price. So if you prefer to pick from a list of companies to compare rates, we put together a list of auto insurance companies in Wisconsin. View list of Wisconsin insurance companies.

It's up to you how you get prices quotes, just ensure you're using identical deductibles and coverage limits on every quote. If you have different values for each quote it will be impossible to make a fair comparison in Mazomanie. Having just a slight variation in coverages could mean much higher rates. And when price shopping your coverage, having more price comparisons helps locate better pricing.

Understand what determines the rate you pay

An important part of buying insurance is that you know the rating factors that come into play when calculating the rates you pay for auto insurance. Knowing what impacts premium levels helps enable you to make changes that can help you get much lower annual insurance costs.

The list below includes some of the factors that factor into your rates.

More than one policy can earn a discount - The majority of auto insurance companies give discounts to insureds who have multiple policies with them in the form of a multi-policy discount. Even if you're getting this discount you still need to compare rates to confirm you are receiving the best rates possible. Consumers may find better rates by insuring with multiple companies.
Rates may be lower depending on your job - Occupations like doctors, executives and financial analysts are shown to have higher average rates because of high stress levels and long work days. Conversely, occupations like farmers, engineers and the unemployed pay the least.
Car features impact rates - Driving a car with an alarm system can get you a discount on your auto insurance. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all hinder your vehicle from being stolen.
Mature drivers pay less - Youthful drivers in Wisconsin tend to be less responsible in a vehicle so they pay higher auto insurance rates. Mature drivers tend to be more responsible, statistically cause fewer accidents and are safer drivers.
Bump up deductibles to save - Coverage for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered would be a windshield shattered by a rock, damage from fire, or theft. Physical damage deductibles are the amount of money you are required to spend out-of-pocket if you file a covered claim. The more money the insured has to pay upfront, the less your company will charge you for insurance.
No coverage gaps is important - Not having insurance is against the law and your next policy will cost more because you let your coverage have a gap. Not only will rates go up, getting caught without coverage may earn you a hefty fine and possibly a revoked license.You may have to provide proof of insurance in the form of an SR-22 filing with the Wisconsin department of motor vehicles.
Extra coverages can waste money - There are a lot of extra bells and whistles you can purchase when buying auto insurance. Coverages for vanishing deductibles, better glass coverage and membership fees may be wasting your money. These may sound like a good investment when you first buy your policy, but your needs may have changed so eliminate them to save money.
Discounts for married couples - Being married actually saves money on your auto insurance policy. Marriage usually means you are more responsible and it's proven that drivers who are married are more cautious.

Is there truth in advertising?

Companies like Allstate and Progressive regularly use television and radio advertisements. All the ads make the same claim about savings if you move your policy. How does each company claim to save you money?

Insurance companies can use profiling for the right customer that is profitable for them. An example of a preferred risk might be between 25 and 40, is a homeowner, and has great credit. A customer getting a price quote who matches those parameters will get very good rates and is almost guaranteed to save when switching.

Consumers who don't measure up to these standards will be charged higher rates which leads to the customer not buying. The ads say "customers that switch" but not "drivers who get quotes" save that kind of money. That's why companies can truthfully advertise the savings.

That is why drivers must get as many quotes as possible. It's impossible to know the company that will fit your personal profile best.

Shop smart and save

When you buy insurance online, it's very important that you do not reduce coverage to reduce premium. Too many times, an accident victim reduced liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. The aim is to find the BEST coverage at a price you can afford, not the least amount of coverage.

The cheapest auto insurance is possible both online in addition to many Mazomanie insurance agents, so you should compare both to get a complete price analysis. There are still a few companies who do not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

Learn more today

Additional information is available on the website for the Wisconsin Office of the Commissioner of Insurance located here. Visitors are able to read consumer alerts, read industry bulletins, view a list of available companies, and read enforcement actions against agents and companies.