Easy Methods to Save Money on Mooresville Auto Insurance

Finding lower premiums on Mooresville auto insurance is challenging for consumers new to shopping for insurance online. There are so many options that it can easily become a challenge to compare prices in Mooresville.

Take advantage of discounts

Insurance can cost an arm and a leg, but you can get discounts to help bring down the price. Some trigger automatically when you purchase, but lesser-known reductions have to be inquired about before being credited.

Clubs and Organizations - Affiliation with certain professional organizations may earn a discount when buying auto insurance.
Student Driver Training - Make teen driver coverage more affordable by requiring them to enroll in driver's education if offered at their school.
Fewer Miles Equal More Savings - Low mileage vehicles can qualify you for a substantially lower rate.
Pay Now and Pay Less - By paying your policy upfront instead of monthly or quarterly installments you may reduce your total bill.
One Accident Forgiven - A few companies will forgive one accident before your rates go up so long as you haven't had any claims for a certain period of time.

It's important to note that some credits don't apply to the entire cost. Some only reduce individual premiums such as physical damage coverage or medical payments. So even though it sounds like you could get a free auto insurance policy, you're out of luck. But any discount will cut your overall premium however.

Mooresville Rates are Influenced by These Factors

Smart consumers have a good feel for the factors that play a part in calculating auto insurance rates. Understanding what influences your rates enables informed choices that could result in better auto insurance rates.

Shown below are some of the factors auto insurance companies consider when setting premiums.

Liability insurance protects assets - Your policy's liability coverage will protect you if a jury decides you are liable for causing damage or personal injury in an accident. It will provide legal defense coverage up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so do not skimp.
Optional equipment can affect rates - Driving a car with an alarm system can save you a little every year. Theft prevention devices such as tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder auto theft.
Safer cars are cheaper to insure - Safer cars get lower rates. Safe vehicles reduce injuries and better occupant protection translates into fewer and smaller insurance claims and lower rates for you.
Older drivers pay less - Mature drivers are more responsible, tend to cause fewer accidents and receive fewer citations. Teenage drivers have a tendency to be less responsible in a vehicle therefore auto insurance rates are much higher.
Credit scores impact auto insurance rates - A driver's credit score is a important factor in your rate calculation. Drivers who have good credit tend to be better drivers and file fewer claims than those with poor credit. So if your credit is low, you could potentially save money when insuring your by repairing your credit.
Your stress level may be raising your rates - Occupations such as doctors, social workers and accountants tend to have higher rates than average because of high stress and long work hours. On the flip side, professions such as farmers, athletes and retirees receive lower rates.
Men are more aggressive - The statistics show that men are more aggressive behind the wheel. Now that doesn't mean men are worse drivers. Men and women tend to get into accidents at about the same rate, but the male of the species tend to have more serious accidents. Men also tend to get more serious tickets like reckless driving and DUI.

Are auto insurance companies telling the truth?

Allstate, GEICO and Progressive consistently run ads on TV and radio. All the companies have a common claim that you can save if you change to their company. How do they all say the same thing?

Different companies can use profiling for the driver that earns them a profit. An example of a profitable customer might be profiled as between 25 and 40, has no tickets, and has great credit. A propective insured that hits that "sweet spot" will get very good rates and most likely will cut their rates substantially.

Consumers who don't qualify for the "perfect" profile must pay higher prices and this can result in business not being written. The ads say "customers that switch" not "people who quote" save that much. That's why insurance companies can advertise the savings.

This illustrates why drivers should compare as many rates as you can. It's not possible to predict the company that will fit your personal profile best.

More information is available on the North Carolina Department of Insurance website located here. North Carolina drivers can find out which companies have the most complaints, view a list of available companies, and find disaster information.

Final considerations

Lower-priced auto insurance is attainable on the web and also from your neighborhood Mooresville agents, so you should compare both in order to have the best price selection to choose from. There are still a few companies who may not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

Drivers leave their current company for a number of reasons such as questionable increases in premium, extreme rates for teen drivers, delays in responding to claim requests and even unfair underwriting practices. No matter why you want to switch, choosing a new insurance company is less work than it seems.

When you buy insurance online, never skimp on coverage in order to save money. In too many instances, an insured dropped comprehensive coverage or liability limits to discover at claim time that the few dollars in savings costed them thousands. Your focus should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.