Proven Ways to Save on Newkirk Car Insurance

Tired of paying out the nose each month for car insurance? Your situation is no different than the majority of other car owners in Oklahoma.

There is such a variety of to pick from, and even though it's nice to be able to choose, so many choices can make it hard to compare rates.

It's important to get comparison quotes before your policy renews because rates are constantly changing. Even if you got the best deal last year there is a good chance you can find better rates now. So forget all the misinformation about car insurance because you're going to learn the only way to save on car insurance.

Understand what determines the rate you pay

Consumers need to have an understanding of some of the elements that help determine your car insurance rates. Knowing what impacts premium levels helps enable you to make changes that can help you get better car insurance rates.

  • Clean credit earns discounts - Your credit history is a important factor in your rate calculation. So if your credit rating is not that good, you could save money insuring your by spending a little time repairing your credit. Consumers who have high credit scores tend to be less risk to insure than drivers who have lower credit scores.
  • Small claims can cost you - If you file claims often, you can definitely plan on either higher rates or even cancellation. Insurance companies in Oklahoma provide lower rates to insureds who do not rely on their insurance for small claims. Car insurance is meant to be used in the event of major claims that would cause financial hardship.
  • Big city or small town - Being located in a small town has it's advantages when it comes to car insurance. City drivers regularly have congested traffic and longer commutes to work. Less people living in that area means reduced accidents and also fewer theft and vandalism claims.
  • Don't let your coverage lapse - Allowing your car insurance policy to lapse will be a guaranteed way to pay more for car insurance. Not only will you pay more, getting caught without coverage can result in a steep fine or even jail time.You may have to submit proof of financial responsibility or a SR-22 with the Oklahoma department of motor vehicles.
  • Marriage brings a discount - Being married can get you a discount when buying car insurance. Marriage usually means you are more responsible and it's proven that drivers who are married are more cautious.
  • Bump up deductibles to save - Coverage for physical damage, termed comprehensive and collision coverage on your policy, protects your car from damage. Some examples of claims that would be covered are a windshield shattered by a rock, collision with an animal, and windstorm damage. Your deductibles are the amount of money you are required to spend if you file a covered claim. The more money the insured has to pay upfront, the less your company will charge you for insurance.
  • Teen drivers pay high rates - Young drivers in Oklahoma are known to be less responsible in a vehicle so they pay higher car insurance rates. Mature drivers tend to be more responsible, tend to cause fewer accidents and receive fewer citations.
  • How's your driving record? - Your driving record has a lot to do with how much you pay for insurance. Drivers with clean records have lower premiums compared to drivers with tickets. Just one moving violation may increase your cost by twenty percent. Drivers who get flagrant violations such as hit and run, DWI or reckless driving convictions may be required to file a SR-22 with their state motor vehicle department in order to keep their license.

Oklahoma car insurance

Compare Newkirk Car Insurance Costs

There are several ways to compare quotes and find the best price. One of the best ways to compare insurance prices consists of shopping online. This is very easy and can be done in several different ways.

  1. The fastest way consumers can analyze rates is to use a rate comparison form click to view form in new window. This method eliminates the need for separate quotation requests for each company. In just a few minutes this one form gets rate comparisons from car insurance companies with the best prices.
  2. Another way to compare rate quotes is spending the time to visit each company website and fill out their own quote form. For examples sake, we'll assume you want rates from , and . You would have to take the time to go to each site and enter your policy data, which is why the first method is more popular. To view a list of companies in Newkirk, click here.
  3. The least efficient way to get comparison rates is to spend time driving to different Newkirk agent offices. The ability to buy insurance online eliminates the need for an insurance agent unless you require the trained guidance of a licensed agent. You can, however, find lower rates online and still use a local agent and we'll talk about that later.

Which method you use is up to you, but ensure you're using identical information for every quote you compare. If you use higher or lower deductibles it's impossible to determine the best price in Newkirk. Just a small difference in coverages could mean much higher rates. And when price shopping your coverage, having more price comparisons helps you find the best price.

Take advantage of discounts

Car insurance can cost a lot, but companies offer discounts to reduce the price significantly. A few discounts will automatically apply at the time of purchase, but lesser-known reductions have to be asked for prior to receiving the credit.

  • Passive Restraint Discount - Vehicles with factory air bags may earn rate discounts of 20% or more.
  • Employee of Federal Government - Employees or retirees of the government can earn a discount up to 10% with certain companies.
  • Discount for Life Insurance - Companies who offer life insurance give a discount if you purchase life insurance from them.
  • Multi-policy Discount - If you insure your home and vehicles with the same company you will save 10% to 20% off each policy.
  • Use Seat Belts - Using a seat belt and requiring all passengers to use a seat belt can save up to 15% on the medical payments or PIP coverage costs.
  • E-sign - Some insurance companies will give a small break for buying your policy over the internet.

As a disclaimer on discounts, most credits do not apply to the entire cost. Most only apply to individual premiums such as medical payments or collision. So even though they make it sound like you could get a free car insurance policy, car insurance companies aren't that generous. Any amount of discount will bring down your overall premium however.

To choose providers who offer car insurance discounts in Oklahoma, follow this link.

Are car insurance companies telling the truth?

Companies like State Farm and Allstate continually stream ads on TV and radio. All the ads say the same thing about savings after switching your policy. How does each company make the same claim?

Different companies can use profiling for the right customer that makes them money. An example of a preferred risk could be between 30 and 50, is a homeowner, and drives newer vehicles. A customer who fits that profile is entitled to the best price and most likely will save when switching.

Potential customers who don't qualify for these standards will be charged higher prices which usually ends up with business going elsewhere. The ads state "customers that switch" not "people who quote" save that kind of money. That's why companies can truthfully claim big savings.

That is why you need to compare many company's rates. Because you never know the company that will give you the biggest savings.

Additional information is available on the website for the Oklahoma Insurance Department located here. Consumers can find out industry alerts, download brochures, view agent and company licensing information, and find a variety of consumer forms.

Other informative sites include NAIC.org's Understanding your Policy and this directory of Newkirk insurance agents.

Shop smart and save

We just showed you a lot of information how to compare car insurance prices online. The most important thing to understand is the more you quote, the better your chances of lowering your rates. Consumers may even find the best prices are with some of the lesser-known companies. These smaller insurers may have significantly lower rates on certain market segments than their larger competitors like .

When trying to cut insurance costs, make sure you don't reduce coverage to reduce premium. There have been many cases where an accident victim reduced comprehensive coverage or liability limits to discover at claim time that it was a big mistake. Your goal should be to buy a smart amount of coverage at a price you can afford, not the least amount of coverage.