8 Ways to Save on Car Insurance in New Madrid

No one in their right mind cherishes buying car insurance, particularly when the cost is way too high. Drivers have so many to buy insurance from, and even though it's nice to have multiple companies, too many choices makes it more difficult to compare rates.

It's important to compare prices periodically since rates are constantly changing. Despite the fact that you may have had the best price last year you will most likely find a better rate today. Ignore everything you know about car insurance because we're going to demonstrate one of the best ways to reduce your cost while improving coverage.

Finding affordable coverage in New Madrid is quite easy. If you have a current car insurance policy or need new coverage, you can learn to find the best rates while maintaining coverages. Missouri drivers only need an understanding of the proper methods to compare prices over the internet.

How much can you save with these eight discounts?

Companies that sell car insurance don't always list all their discounts very clearly, so we took the time to find both the well known as well as the least known car insurance savings. If you're not getting every credit you qualify for, you are throwing money away.

Save with a New Car - Putting insurance coverage on a new car is cheaper because new vehicles have to meet stringent safety requirements.
Good Student - Performing well in school can earn a discount of 20% or more. This discount can apply well after school through age 25.
College Student - Children who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
Accident Forgiveness - Certain companies will forgive one accident before your rates go up as long as you don't have any claims for a set time period.
Discount for Life Insurance - Larger companies have a discount if you purchase life insurance.
Multiple Vehicles - Buying insurance for multiple vehicles on one policy may reduce the rate for each vehicle.
Senior Citizens - If you qualify as a senior citizen, you may be able to get a small decrease in premiums.
Drive Less and Save - Fewer annual miles can earn lower rates on the low mileage vehicles.

Consumers should know that most credits do not apply to the entire policy premium. Most only apply to individual premiums such as liability, collision or medical payments. So when it seems like adding up those discounts means a free policy, companies don't profit that way.

How much car insurance do I need?

When it comes to buying the right insurance coverage for your vehicles, there isn't really a "best" method to buy coverage. Everyone's situation is a little different and a cookie cutter policy won't apply. For example, these questions may help highlight if your insurance needs might need professional guidance.

Should I file a claim if it's only slightly more than my deductible?
Do I need to file an SR-22 for a DUI in Missouri?
Why does it cost so much to insure a teen driver in New Madrid?
I have good health insurance, so how much medical payments coverage do I need?
What happens if I owe more than my vehicle is worth?
Can I afford to buy a different vehicle if my vehicle is totaled?

If you don't know the answers to these questions but a few of them apply, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area. It's fast, doesn't cost anything and can help protect your family.

Save 15 percent in 15 minutes? Is it for real?

Consumers in Missouri get pounded daily by advertisements for cheaper car insurance from the likes of Progressive, GEICO, Allstate and State Farm. They all seem to say the same thing of big savings after switching your coverage to them.

How does each company claim to save you money?

Insurance companies have a certain "appetite" for the type of customer that earns them a profit. For example, a desirable insured might be between 30 and 50, a clean driving record, and has great credit. Any new insured who fits that profile is entitled to the best price and is almost guaranteed to save when switching.

Drivers who don't meet these standards will have to pay a higher premium which usually ends up with the customer not buying. Company advertisements say "customers that switch" but not "drivers who get quotes" save that much money. That is how insurance companies can confidently advertise the savings. Because of the profiling, you should get quotes from several different companies. It's just too difficult to predict which company will give you the biggest savings.

Additional Missouri consumer information

More tips and info about car insurance can be found at the Missouri Department of Insurance website. Visitors are able to read enforcement actions against agents and companies, file complaints about a company, get help finding coverage, and report car insurance fraud.

A tidy conclusion

As you prepare to switch companies, never buy lower coverage limits just to save a few bucks. There are many occasions where someone dropped physical damage coverage only to discover later that the small savings ended up costing them much more. Your aim should be to buy enough coverage at a price you can afford.

We just covered a lot of information how to reduce car insurance prices online. The most important thing to understand is the more times you quote, the higher your chance of finding lower rates. You may be surprised to find that the best prices are with some of the lesser-known companies. Regional companies may often insure only within specific states and give getter rates compared to the large companies like .

Cost effective car insurance can be bought both online as well as from independent agents in New Madrid, so compare prices from both to have the best selection. There are still a few companies who don't offer you the ability to get quotes online and most of the time these regional insurance providers sell through independent agents.