5 Tricks to Save on Car Insurance in Okeene
Are you overwhelmed by the crazy number of car insurance companies in Okeene? Lot's of other consumers are too. Consumers have so many options that it can turn into a challenge to find the lowest price.
It's important to shop coverage around at least once a year since rates are constantly changing. Despite the fact that you may have had the best price six months ago you can probably find a better price now. Forget all the misinformation about car insurance because I'm going to let you in on the secrets to one of the best ways to find the best coverage while lowering your premiums.
Don't pay full price with these 5 discounts
The price of auto insurance can be rather high, buy you may qualify for discounts to cut the cost considerably. Most are applied at the time of quoting, but less common discounts must be requested specifically before you will receive the discount. If they aren't giving you every credit possible, you are paying more than you should be.
- Life Insurance Discount - Companies who offer life insurance give lower rates if you buy life insurance.
- Driver Safety - Successfully completing a driver safety course could possibly earn you a 5% discount if your company offers it.
- 55 and Retired - If you're over the age of 55, you may be able to get a small decrease in premiums.
- Theft Prevention Discount - Vehicles with anti-theft systems can help prevent theft and therefore earn up to a 10% discount.
- Early Switch Discount - Select companies give a discount for switching to them prior to your current policy expiration. It's a savings of about 10%.
A little note about advertised discounts, some credits don't apply the the whole policy. The majority will only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think all the discounts add up to a free policy, you won't be that lucky. Any amount of discount will cut your premiums.
To choose companies who offer car insurance discounts in Okeene, click here.
The car insurance bait and switch
Consumers can't ignore all the ads that promise big savings from the likes of GEICO, State Farm and Progressive. They all seem to have a common claim about savings after switching your coverage to them.
How do they all make the same claim? This is how they do it.
Insurance companies are able to cherry pick for the type of customer that makes them money. For example, a desirable insured could be over the age of 40, has no tickets, and has a high credit rating. Any new insured that hits that "sweet spot" gets the lowest rates and therefore will cut their rates substantially.
Potential insureds who don't measure up to the "perfect" profile will have to pay more money and this can result in business going elsewhere. Company advertisements say "drivers who switch" not "everyone that quotes" save that much money. That's the way companies can truthfully state the savings.
Because of the profiling, you should get as many quotes as possible. It's just too difficult to predict which car insurance company will have the lowest rates.
Find out more about car insurance
Additional information can be found on the Oklahoma Insurance Department website. Click here for link. Consumers can file complaints about an insurance agent or broker, discover disciplinary actions, and learn about insurance regulations.
In the end, you save
As you restructure your insurance plan, you should never buy poor coverage just to save money. In many instances, an insured dropped physical damage coverage only to discover later that they should have had better coverage. The ultimate goal is to buy the best coverage you can find for the lowest price.
Cheaper car insurance can be bought from both online companies as well as from independent agents in Okeene, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies don't offer online price quotes and most of the time these regional insurance providers sell through independent agents.
You just learned a lot of ways to save on car insurance. The most important thing to understand is the more rate quotes you have, the higher the chance of saving money. You may be surprised to find that the lowest premiums are with a smaller regional carrier.
