Car Insurance in Old Monroe Missouri - 6 Tricks to Save Money

Are you overwhelmed by the number of car insurance companies in Old Monroe? Lot's of other consumers are too. Drivers have so many companies to choose from that it can turn into a lot of work to find the perfect company for you.

Choosing the best insurance company for you in Old Monroe is not that difficult. If you have car insurance now, you will most likely be able to save some money using these techniques. Missouri consumers only need to know the proper way to find the lowest price over the internet.

Don't pay full price with these six discounts

Companies offering auto insurance don't always list every discount very clearly, so here is a list some of the more common and also the lesser-known savings tricks you should be using. If you're not getting every credit possible, you are throwing money away.

Drivers Education - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class if it's offered in school.
Driver Safety - Completing a driver safety course could possibly earn you a 5% discount if you qualify.
Life Insurance - Companies who offer life insurance give a discount if you purchase a life insurance policy as well.
Multiple Policy Discount - If you have multiple policies with the same insurance company you may save up to 20% off your total premium.
Anti-theft Discount - Cars that have factory anti-theft systems prevent vehicle theft and earn discounts up to 10%.
No Charge for an Accident - Certain companies allow you one accident before your rates go up if your claims history is clear prior to the accident.

A little note about advertised discounts, most discount credits are not given the the whole policy. Most only apply to specific coverage prices like liability and collision coverage. So even though they make it sound like you can get free auto insurance, you won't be that lucky.

The car insurance bait and switch

Consumers get pounded daily by advertisements that promise big savings by State Farm, Allstate and GEICO. They all make an identical promise about savings after switching to their company.

How does each company make the same claim? It's all in the numbers.

All companies are able to cherry pick for the driver that earns them a profit. An example of a driver they prefer could be between 25 and 40, has no tickets, and has great credit. Any new insured who meets those qualifications is entitled to the best price and therefore will save when switching.

Potential insureds who don't measure up to these standards will be quoted more money and ends up with business going elsewhere. Company advertisements say "customers who switch" not "everyone that quotes" save that much. That's the way companies can truthfully advertise the savings. This emphasizes why you should get as many quotes as possible. It's just too difficult to predict which car insurance company will fit your personal profile best.

Even more information is available at the Missouri Department of Insurance website. Consumers can view a list of available companies, discover disciplinary actions, and view agent and company licensing information.

Also read more on this site for car insurance rates in Missouri and this list of insurance agents in Old Monroe, MO.

In the end, you save

People change insurance companies for a variety of reasons including extreme rates for teen drivers, delays in responding to claim requests, delays in paying claims and even policy non-renewal. Regardless of your reason, finding a new car insurance company is less work than it seems.

The cheapest car insurance can be purchased from both online companies and also from your neighborhood Old Monroe agents, so you should compare both in order to have the best chance of saving money. There are still a few companies who may not provide you the ability to get quotes online and these smaller companies work with independent agents.

When you buy insurance online, make sure you don't buy lower coverage limits just to save a few bucks. There have been many situations where an insured dropped comprehensive coverage or liability limits to discover at claim time that the few dollars in savings costed them thousands. The proper strategy is to buy enough coverage at the best price while still protecting your assets.