Tightwads Guide to Saving on Norwich Auto Insurance

Tired of being strong-armed each month for car insurance? You're in the same situation as many other New York drivers. Having so many companies to choose from, it is hard for the average consumer to locate the best insurance company.

It's important to compare prices before your policy renews since insurance rates are constantly changing. Even if you got the best price last year you will most likely find a better rate today. Ignore everything you know about auto insurance because you're about to learn the only way to lower your rates without sacrificing coverage.

Take advantage of discounts

Companies do not list all their discounts very well, so we took the time to find some of the best known as well as the least known savings tricks you should be using. If you don't get every credit available, you are throwing money away.

  • Senior Discount - If you qualify as a senior citizen, you may qualify for a small decrease in premiums.
  • Employee of Federal Government - Active or retired federal employment can save as much as 8% with select insurance companies.
  • Anti-lock Brake System - Cars that have steering control and anti-lock brakes are safer to drive and earn discounts up to 10%.
  • Passive Restraint Discount - Factory air bags can receive discounts of 20% or more.
  • Claim Free - Claim-free drivers can save substantially as compared to drivers who are more careless.
  • Multi-car Discount - Insuring more than one vehicle on one policy may reduce the rate for each vehicle.

A little note about advertised discounts, most discount credits are not given to the entire cost. A few only apply to individual premiums such as liability, collision or medical payments. Even though it may seem like it's possible to get free car insurance, you won't be that lucky.

Norwich auto insurance comparison

Are auto insurance companies telling the truth?

New York drivers get pounded daily by advertisements for the lowest price auto insurance from the likes of Progressive, GEICO, Allstate and State Farm. They all seem to make an identical promise about savings if you switch your coverage to them.

But how can every company say the same thing?

All companies can use profiling for the type of customer that earns them a profit. For example, a desirable insured might be profiled as between the ages of 30 and 50, is a homeowner, and has great credit. A propective insured who meets those qualifications receives the best rates and most likely will save a lot of money.

Potential insureds who don't qualify for this ideal profile will have to pay more money and ends up with business not being written. Company advertisements say "customers that switch" not "people who quote" save that much money. That's why companies can truthfully advertise the savings. Because of the profiling, you should get a wide range of price quotes. It's not possible to predict the company that will give you the biggest savings.

Even more information can be found at the New York Department of Financial Services website. New York drivers can learn about insurance regulations, download brochures, find out industry alerts, and read industry bulletins.

Also read more on this Car Insurance FAQ and this page of insurance agents in Norwich.

A tidy conclusion

As you prepare to switch companies, don't be tempted to buy lower coverage limits just to save a few bucks. There are many occasions where an accident victim reduced 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.

Throughout this article, we presented some good ideas how you can reduce auto insurance prices online. The key thing to remember is the more times you quote, the better your chances of lowering your rates. Consumers may even find the lowest rates come from the least-expected company. Regional companies may cover specific market segments cheaper than their larger competitors like .