Getting Low-Cost Monroe Auto Insurance
Did you fall for a flashy sales pitch and buy an overpriced auto insurance policy? Believe me, there are many Monroe consumers feeling the pinch from expensive auto insurance.
With so many online and local companies to choose from, it can be hard to locate the cheapest provider.
It's important to compare prices every six months because prices are constantly changing. Despite the fact that you may have had the best deal a year ago you will most likely find a better rate today. Starting now, block out anything you think you know about auto insurance because you're going to get a crash course in the proper way to find lower rates on auto insurance.
Don't pay full price with these discounts
The price of auto insurance can be rather high, but you can get discounts to cut the cost considerably. Certain discounts will be applied when you complete an application, but some must be specifically requested before they will apply.
- Discount for Life Insurance - Some companies give a break if you buy a life insurance policy as well.
- Multiple Vehicles - Having multiple vehicles on one policy could earn a price break for each car.
- College Student - Children who live away from home and do not have access to a covered vehicle may be able to be covered for less.
- Anti-theft Discount - Anti-theft and alarm systems are stolen less frequently and qualify for as much as a 10% discount.
- Sign Online - Certain companies will discount your bill up to fifty bucks just for signing your application online.
Keep in mind that most of the big mark downs will not be given to all coverage premiums. Some only reduce the cost of specific coverages such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, it just doesn't work that way. But any discount will help reduce your premiums.
The auto insurance bait and switch
Auto insurance companies such as GEICO, State Farm and Progressive continually stream ads in print and on television. They all seem to say the same thing that you can save after switching to their company. But how can every company make almost identical claims?
All companies are able to cherry pick for the driver that earns them a profit. An example of a desirable insured could possibly be between the ages of 30 and 50, has no driving citations, and has excellent credit. A customer getting a price quote who fits that profile will get very good rates and therefore will save a lot of money.
Consumers who don't measure up to this ideal profile will have to pay higher rates which usually ends up with the driver buying from a lower-cost company. The ads say "people who switch" not "everyone that quotes" save that much. That's the way insurance companies can make those claims.
Because of the profiling, you should get as many comparisons as possible. It's impossible to know which auto insurance company will have the lowest rates.
Learn more about New York auto insurance
More information is available on the website for the New York Department of Financial Services through this link. New York consumers can file complaints about an insurance agent or broker, report car insurance fraud, read enforcement actions against agents and companies, and read consumer alerts.
Also read more on Auto Insurance 101 and this page where you can research Monroe insurance agents.
Final considerations
While you're price shopping online, do not buy lower coverage limits just to save a few bucks. In many instances, someone sacrificed liability limits or collision coverage only to find out they didn't purchase enough coverage. The ultimate goal is to find the BEST coverage at an affordable rate.
Affordable auto insurance can be bought online and also from your neighborhood Monroe agents, and you should compare price quotes from both to get a complete price analysis. Some companies may not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.
