Consumer Tested Strategies to Save on Minco Auto Insurance

Overpriced auto insurance can dwindle your savings account and make it hard to pay other bills. Shopping your coverage around is free, only takes a few minutes, and is a good way to lower your monthly bill.

Companies like GEICO and Progressive constantly blast consumers with fancy advertisements and it is difficult to sift through the bull and effectively compare rates to find the best deal.

Policy discounts you shouldn't miss

Auto insurance companies don't list all available discounts in a way that's easy to find, so here is a list both the well known and also the lesser-known savings tricks you should be using.

  • Fewer Miles Equal More Savings - Driving fewer miles can qualify you for discounted rates on garaged vehicles.
  • Accident Waiver - A handful of insurance companies allow you one accident before raising your premiums so long as you haven't had any claims prior to the accident.
  • Auto/Home Discount - When you combine your home and auto insurance with one company you could get a discount of up to 20% off your total premium.
  • Claim Free - Drivers who don't have accidents can earn big discounts when compared with bad drivers.
  • Paperless Signup - Certain companies may give you up to $50 just for signing your application digitally online.

Keep in mind that most discount credits are not given to all coverage premiums. Most only cut specific coverage prices like liability and collision coverage. So when the math indicates it's possible to get free car insurance, it just doesn't work that way.

To see a list of insurers offering auto insurance discounts in Minco, click here to view.

auto insurance in Minco

How to Lower Your Auto Insurance Cost in Minco, Oklahoma

The are a couple different ways of comparing rates from local Minco auto insurance companies. The best method to find the lowest rates is to get quotes online. This can be done using a couple different methods.

  • The best way to find low rates is a comparison rater form (click to open form in new window). This easy form saves time by eliminating repetitive form entry for every auto insurance company. One form submission compares rates direct from many companies.
  • A slightly less efficient method to shop for auto insurance online is going to the website for every company you want to comare to complete a price quote. For sake of this example, let's assume you want comparison quotes from , and . To get rate quotes you would need to spend time on each company's site and enter your information, which is why the first method is quicker.

    For a list of links to companies insuring cars in Minco, click here.
  • The least recommended way to compare rates is to waste gas driving to insurance agents' offices. Shopping for auto insurance online has reduced the need for local agents unless you want the professional advice of a local agent. However, consumers can obtain prices from the web but buy from a local insurance agent. We'll cover that shortly.

It's up to you which method you use, but ensure you are comparing exactly the same coverage limits and deductibles for every company. If you enter different liability limits then you won't be able to decipher which rate is best in Minco. Quoting even small variations in limits may result in large price differences. Just remember that comparing more company's prices will improve the odds of getting the best rates.

Tips to Get Lower Minco Rates

An important part of buying insurance is that you know the different types of things that go into determining the rates you pay for auto insurance. Having a good understanding of what influences your rates empowers consumers to make smart changes that could result in lower auto insurance prices.

Listed below are some of the factors used by your company to calculate premiums.

  • Extra add-on coverages are wasting money - There are many add-on coverages that you can get tricked into buying when buying auto insurance. Insurance for vanishing deductibles, accidental death and additional equipment coverage may be costing you every month. These coverages may sound good initially, but now you might not need them so eliminate the coverages to reduce your premium.
  • Battle of the sexes - Statistics have proven women are more cautious behind the wheel. That doesn't necessarily mean that women are BETTER drivers than men. Women and men have accidents at about the same rate, but the male of the species cause more damage. Men also tend to receive more costly citations like DUI and reckless driving. Young males are the most expensive to insure and therefore have the most expensive auto insurance rates.
  • Discounts for multiple policies - Most insurers will award you with lower prices to insureds who have multiple policies with them such as combining an auto and homeowners policy. Discounts can be five, ten or even twenty percent. Even with this discount, it's still a good idea to compare rates to verify if the discount is saving money.
  • Your job and insurance rates - Did you know your occupation can influence how much you pay for auto insurance? Occupations such as doctors, business owners and dentists have the highest average rates due to high stress and lengthy work days. Other occupations like pilots, historians and homemakers get better rates.
  • Pay less if you're married - Being married can actually save you money on your policy. Having a spouse translates into being more mature and statistics show married drivers get in fewer accidents.
  • Performance level impacts rates - The performance of the car you are insuring makes a huge difference in determining your rates. Small economy passenger vehicles generally receive the lowest base rates, but the final cost of insurance is determined by many other factors.

Save $429 a year? Really?

21st Century, Allstate and State Farm constantly bombard you with television and radio advertisements. All the companies make an identical promise that you can save if you switch your coverage to them. How can each company claim to save you money? It's all in the numbers.

All companies have a preferred profile for the type of customer that is profitable for them. An example of a profitable customer might be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. A customer getting a price quote who meets those qualifications will qualify for the lowest rates and is almost guaranteed to save when they switch companies.

Potential insureds who don't qualify for the requirements must pay more money and ends up with the customer not buying. The ad wording is "customers who switch" but not "drivers who get quotes" save that much money. This is how insurance companies can make the claims of big savings. This illustrates why drivers must quote coverage with many companies. It's impossible to know which insurance companies will fit your personal profile best.

Final considerations

Affordable auto insurance can be found both online as well as from independent agents in Minco, and you should compare price quotes from both in order to have the best chance of saving money. Some insurance providers don't offer the ability to get a quote online and usually these smaller companies provide coverage only through local independent agents.

As you shop your coverage around, it's a bad idea to reduce coverage to reduce premium. There are a lot of situations where drivers have reduced comprehensive coverage or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. The proper strategy is to purchase a proper amount of coverage at the best price while not skimping on critical coverages.

We covered some good ideas how you can compare auto insurance prices online. The key thing to remember is the more companies you get rates for, the more likely it is that you will get a better rate. Drivers may discover the lowest rates come from some of the smallest insurance companies. These smaller insurers can often insure niche markets at a lower cost compared to the large companies like .

Additional detailed information is available at the Oklahoma Insurance Department website. Visitors are able to discover disciplinary actions, learn about insurance regulations, read consumer alerts, and read industry bulletins.