Lower Online Mound City Car Insurance Prices With These Methods

People who are new to shopping for insurance online may find finding affordable Mound City car insurance nearly impossible.

Don't pay full price with these discounts

Insurance can cost an arm and a leg, but discounts can save money and there are some available that many people don't even know exist. Some trigger automatically when you complete an application, but lesser-known reductions have to be requested specifically before they will apply. If you're not getting every credit you qualify for, you are throwing money away.

  • Multi-car Discount - Having more than one vehicle on one policy may reduce the rate for each vehicle.
  • Anti-lock Brake System - Cars that have steering control and anti-lock brakes are safer to drive and qualify for as much as a 10% discount.
  • Theft Prevention System - Cars that have factory anti-theft systems prevent vehicle theft and will save you 10% or more.
  • Accident Forgiveness - Certain companies will forgive one accident before your rates go up so long as you haven't had any claims for a particular time prior to the accident.
  • Good Student - Performing well in school can be rewarded with saving of up to 25%. This discount can apply until age 25.
  • Homeowners Savings - Owning a home in Mound City can help you save on car insurance because owning a home is proof that your finances are in order.

A little note about advertised discounts, most discount credits are not given to your bottom line cost. The majority will only reduce individual premiums such as physical damage coverage or medical payments. So even though they make it sound like having all the discounts means you get insurance for free, you won't be that lucky. Any amount of discount will bring down your premiums.

How to Lower your Car Insurance Rates

Smart consumers have a good feel for the different types of things that go into determining your car insurance rates. Knowing what impacts premium levels empowers consumers to make smart changes that could result in big savings.

Listed below are a few of the "ingredients" used by your company to calculate premiums.

  • Lower deductibles cost more - Deductibles for physical damage represent how much money you are willing to pay if you file a covered claim. Coverage for physical damage, also known as collision and other-than-collision, is used to repair damage to your car. A few examples of covered claims are colliding with a building, collision with an animal, and windstorm damage. The higher the amount you have to pay, the lower your rates will be.
  • Do you know you're credit rating? - A driver's credit score is a important factor in determining your rates. Therefore, if your credit rating is lower than you'd like, you could potentially save money when insuring your by spending a little time repairing your credit. People with high credit scores tend to be more responsible than drivers who have poor credit.
  • Do you qualify for a multi-policy discount? - Most insurers will award you with lower prices to policyholders who buy several policies from them in the form of a multi-policy discount. Even if you're getting this discount you still need to compare other company rates to verify if the discount is saving money.
  • Battle of the sexes - Statistics show that women are safer drivers than men. That doesn't necessarily mean that women are BETTER drivers than men. They both cause accidents in similar percentages, but the male of the species cause more damage. Men also tend to receive more costly citations such as reckless driving. Youthful male drivers are most likely to cause an accident and therefore are the most expensive to insure.

Your personal situation dictates your coverage

When it comes to buying adequate coverage for your vehicles, there isn't really a best way to insure your cars. Everyone's situation is a little different.

Here are some questions about coverages that might point out whether or not you would benefit from an agent's advice.

  • Am I covered when driving on a suspended license?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • Do I need special endorsements for business use of my vehicle?
  • Does my policy cover me when driving someone else's vehicle?
  • Why am I required to buy high-risk coverage?
  • When do I need to add a new car to my policy?
  • Do I need to file an SR-22 for a DUI in Missouri?

If you're not sure about those questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, fill out this quick form. It's fast, doesn't cost anything and can help protect your family.

The car insurance bait and switch

Consumers get pounded daily by advertisements for cheaper car insurance from the likes of Allstate, GEICO and Progressive. All the companies make an identical promise about savings if you switch your coverage to them.

How does each company make the same claim?

All the different companies have a certain "appetite" for the type of customer that earns them a profit. For example, a profitable customer could be between 25 and 40, owns a home, and has a high credit rating. A customer who meets those qualifications gets the lowest rates and therefore will save when switching.

Consumers who don't measure up to these standards must pay higher rates and ends up with business going elsewhere. Company advertisements say "customers that switch" not "everyone that quotes" save that much money. That is how companies can truthfully state the savings.

This illustrates why drivers should get as many quotes as possible. Because you never know which company will have the lowest rates.

For more Missouri car insurance information

Additional information can be found on the Missouri Department of Insurance website located here. Consumers can report car insurance fraud, find out industry alerts, and read consumer alerts.

Mound City car insurance quote

In the end, you save

Cheaper car insurance can be found from both online companies as well as from independent agents in Mound City, so you should compare both to get a complete price analysis. Some insurance companies don't offer you the ability to get quotes online and usually these regional insurance providers provide coverage only through local independent agents.

As you restructure your insurance plan, never skimp on coverage in order to save money. In too many instances, an insured cut uninsured motorist or liability limits only to regret that they should have had better coverage. Your focus should be to buy the best coverage you can find at a price you can afford while not skimping on critical coverages.

We just showed you some good ideas how you can reduce car insurance prices online. The key thing to remember is the more rate comparisons you have, the better chance you'll have of finding lower rates. You may be surprised to find that the most savings is with some of the lesser-known companies.