9 Tips to Save on Car Insurance in Olney

Are you sick and tired of robbing Peter to pay Paul each month for car insurance? You're in the same situation as many other Texas consumers.

Since consumers have many companies to choose from, it can be impossible to locate the cheapest company.

It's important to shop coverage around before your policy renews since rates are constantly changing. Despite the fact that you may have had the best price a couple years back you will most likely find a better rate today. Forget all the misinformation about car insurance because you're about to learn one of the best ways to reduce your cost while improving coverage.

Buying car insurance in Olney is quite easy. Basically, every vehicle owner who has to buy car insurance stands a good chance to be able to cut their insurance bill. Nevertheless, Texas consumers do need to know how big insurance companies compete online and apply this information to your search.

Take advantage of discounts

Companies offering auto insurance don't list every available discount very well, so we took the time to find both the well known as well as the least known savings tricks you should be using.

  • Multi-policy Discount - If you have multiple policies with the same company you will save up to 20% off your total premium.
  • Employee of Federal Government - Active or retired federal employment can save as much as 8% with certain companies.
  • Resident Student - Kids in college who attend school more than 100 miles from home and do not have access to a covered vehicle may qualify for this discount.
  • Anti-lock Brake System - Cars that have steering control and anti-lock brakes can reduce accidents and earn discounts up to 10%.
  • Life Insurance - Larger companies have a break if you buy a life insurance policy as well.
  • Low Mileage - Fewer annual miles can earn discounted rates on garaged vehicles.
  • Driver's Ed - Make teen driver coverage more affordable by requiring them to take driver's ed class if it's offered in school.
  • Lower Rates for Military - Being on active duty in the military may qualify for rate reductions.
  • One Accident Forgiven - Some insurance companies will forgive one accident before your rates go up if you are claim-free prior to the accident.

Consumers should know that most discounts do not apply to the entire cost. Some only apply to individual premiums such as comprehensive or collision. Just because it seems like you can get free auto insurance, companies don't profit that way.

Olney car insurance quote

Are car insurance companies telling the truth?

Companies like Allstate and Progressive continually stream ads on TV and radio. All the ads make an identical promise of big savings after switching your coverage to them. But how can every company claim to save you money?

All companies can use profiling for the type of customer that earns them a profit. For example, a preferred risk might be between 30 and 50, is a homeowner, and drives less than 10,000 miles a year. Any new insured who meets those qualifications will qualify for the lowest rates and most likely will save a lot of money.

Potential customers who don't qualify for this ideal profile will be charged higher prices and ends up with the customer not buying. The ad wording is "customers that switch" not "people who quote" save that much money. That's why insurance companies can confidently advertise the way they do. That is why you should get a wide range of price quotes. It's just too difficult to predict the company that will provide you with the cheapest rates.

More tips and info about car insurance can be found at the Texas Department of Insurance website. Visitors are able to read consumer alerts, read industry bulletins, read enforcement actions against agents and companies, and find out industry alerts.

Also read more on Wikipedia and this Olney agent directory.

Do the work, save more money

As you go through the steps to switch your coverage, do not buy lower coverage limits just to save a few bucks. Too many times, an accident victim reduced physical damage coverage only to discover later that the savings was not a smart move. The aim is to get the best coverage possible at a price you can afford, not the least amount of coverage.

Cost effective car insurance can be bought both online as well as from independent agents in Olney, so compare prices from both so you have a total pricing picture. Some car insurance companies don't offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.