Find Low-Cost Olive Hill Auto Insurance

If you've never shopped for auto insurance online, it's easy to get overwhelmed by the large number of auto insurance companies offering insurance in Olive Hill.

It's important to compare prices periodically because insurance rates are constantly changing. Despite the fact that you may have had the lowest rates two years ago you may be paying too much now. So just forget anything you know (or think you know) about auto insurance because you're about to learn the tricks you need to know to find lower rates on auto insurance.

Finding affordable coverage in Olive Hill is quite easy. If you have car insurance now, you should be able to lower your premiums substantially using this information. Nevertheless, Kentucky drivers do need to know how companies compete online and use this information to your advantage.

Olive Hill Auto Insurance Comparisons

The are a couple different ways of comparing rate quotes from different Olive Hill insurance companies. The recommended way to find competitive insurance rates consists of obtaining rate quotes online. This can be accomplished using a couple different methods.

The first (and easiest) way to compare a lot of rates at once is a comparison rater form like this one (opens in new window). This form prevents you from having to do multiple quote forms for every auto insurance company. Just one form will get you rate comparisons from multiple low-cost companies. This is by far the quickest method.

A less efficient way to shop for auto insurance online requires you to visit the website for each individual company to complete their respective quote request forms. For instance, let's assume you want to compare , and . To get rate quotes you would need to go to every website and enter your policy data, which is why most consumers use the first method.

For a list of links to companies insuring cars in Olive Hill, click here.

The hardest method to get comparison rates is driving around to local Olive Hill insurance agencies. Shopping for auto insurance online makes this process obsolete unless you prefer the professional guidance of a local Olive Hill agent. Drivers can compare the best prices online but buy from a local insurance agent.

It's up to you how you get prices quotes, just be sure to compare apples-to-apples coverage information on every quote you get. If you are comparing unequal deductibles or liability limits it will be next to impossible to determine which rate is truly the best in Olive Hill. Having just a slight variation in coverage limits can result in a big premium difference. Keep in mind that comparing a large number of companies provides better odds of finding the best offered rates.

How to Lower your Auto Insurance Rates

It's important that you understand the rating factors that help determine the price you pay for auto insurance. When you know what positively or negatively determines base rates empowers consumers to make smart changes that may reward you with lower auto insurance prices.

The following are a few of the "ingredients" used by your company to calculate rates.

More people means more accidents - Living in a rural area can be a good thing when insuring your vehicles. Drivers in populated areas have to deal with much more traffic and longer commute times. Fewer drivers means a lower chance of having an accident.
Traffic violations increase rates - Just one moving violation can bump up the cost forty percent or more. Drivers who don't get tickets receive lower rates compared to drivers with tickets. Drivers who have flagrant citations like DUI or reckless driving may need to submit a SR-22 or proof of financial responsibility with their state DMV in order to keep their license.
Older drivers save more - Teen drivers in Kentucky are known to be more careless behind the wheel so auto insurance rates are higher. Parents adding a youthful driver onto a policy can break the bank. Older drivers are viewed as being more responsible, tend to file fewer claims and are safer drivers.
Multi-policy discounts can save money - Many auto insurance companies will give a discount to customers who have multiple policies with them, otherwise known as a multi-policy discount. If you currently are using one company, you may still want to shop around to verify if the discount is saving money.

Policy discounts you shouldn't miss

Companies that sell car insurance don't always list all their discounts very well, so we break down both well-publicized and the more hidden ways to save on auto insurance.

Bundle and Save - When you have multiple policies with one company you may earn up to 20% off your total premium.
Good Student - Getting good grades can get you a discount of up to 25%. This discount can apply well after school through age 25.
College Student - Any of your kids who attend school more than 100 miles from home and do not have access to a covered vehicle can receive lower rates.
Anti-theft Discount - Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
Drive Less and Save - Fewer annual miles can earn better rates on cars that stay parked.
Club Memberships - Participating in a professional or civic organization could trigger savings on auto insurance.
Driver Safety - Completing a course in driver safety can save you 5% or more depending on where you live.

It's important to understand that most discount credits are not given to the entire policy premium. The majority will only reduce the cost of specific coverages such as collision or personal injury protection. So when it seems like all the discounts add up to a free policy, it doesn't quite work that way.

For a list of companies who offer auto insurance discounts in Kentucky, click this link.

Insurance agents can help

When it comes to choosing adequate coverage for your vehicles, there really is no one size fits all plan. Each situation is unique.

For example, these questions may help highlight whether your personal situation would benefit from an agent's advice.

What are the best liability limits?
Do I need to file an SR-22 for a DUI in Kentucky?
What are Kentucky no-fault laws?
Does my personal auto insurance policy cover using my vehicle for business use?
Is my nanny covered when driving my vehicle?
Are rental cars covered under my policy?

If it's difficult to answer those questions then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form.

More tips and info about auto insurance can be found at the Kentucky Department of Insurance website. Kentucky consumers can view agent and company licensing information, file complaints about a company, and read enforcement actions against agents and companies.

Other useful links include Wikipedia and this Olive Hill agent directory.

Do the work, save more money

When buying insurance coverage, do not reduce needed coverages to save money. In many instances, someone dropped uninsured motorist or liability limits only to regret that their decision to reduce coverage ended up costing them more. The ultimate goal is to buy the best coverage you can find at an affordable rate.

In this article, we presented some good ideas how to lower your auto insurance rates. The most important thing to understand is the more rate quotes you have, the higher your chance of finding lower rates. You may be surprised to find that the most savings is with a company that doesn't do a lot of advertising.

Low-cost auto insurance can be bought online as well as from independent agents in Olive Hill, so you should compare both to have the best selection. Some insurance companies don't offer online quoting and most of the time these regional insurance providers sell through independent agents.