Easy Ways to Spend Less on Phelps Auto Insurance

Searching for low-cost Phelps auto insurance on the internet can be rather challenging for beginners to buying insurance online. When there are so many online companies, how can consumers even start to compare every one to find the best pricing?

It's important to do rate comparisons quite often because prices are constantly changing. If you had the lowest rates a couple years back you can probably find a better price now. Starting right now, ignore everything you know about auto insurance because you're going to get a crash course in the tricks you need to know to remove unneeded coverages and save money.

Why some people pay less for insurance in Phelps

Consumers need to have an understanding of some of the elements that come into play when calculating the rates you pay for auto insurance. Understanding what influences your rates allows you to make educated decisions that may reward you with much lower annual insurance costs.

The list below includes a few of the "ingredients" companies use to determine rates.

Where you live - Residing in small towns and rural areas can be a good thing when talking about auto insurance. Fewer people means fewer accidents. City drivers have much more traffic to deal with and longer commutes to work. More time commuting means higher likelihood of an accident.
Men fork out a little more - Statistics have proven that men are more aggressive behind the wheel. However, don't assume that women are better drivers. Both sexes have accidents in similar percentages, but the males cause more damage and cost insurance companies more money. They also get cited for more serious violations like DUI and reckless driving.
Rates may be higher depending on your occupation - Jobs such as lawyers, architects and accountants tend to pay higher rates than average due to high stress and long work days. On the flip side, occupations like pilots, athletes and the unemployed have the lowest average rates.
Do you have enough liability coverage? - The liability section of your policy is the protection if ever you are found liable for damages from an accident. It provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive compared to insuring for physical damage coverage, so buy as much as you can afford.
One company can mean more discounts - The majority of companies will give a discount to insureds who have multiple policies with them. It's known as a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even with this discount, it's still a good idea to comparison shop to make sure you are getting the best deal.

How much can you save with discounts?

Companies that sell car insurance don't necessarily list all their discounts in an easy-to-find place, so we break down both the well known and also the lesser-known auto insurance savings. If they aren't giving you every credit you deserve, you are paying more than you should be.

Discount for Life Insurance - Some companies give lower rates if you buy life insurance.
Senior Citizens - If you're over the age of 55, you can possibly qualify for reduced rates.
Accident Free - Drivers who don't have accidents can save substantially as compared to accident-prone drivers.
More Vehicles More Savings - Buying insurance for multiple cars or trucks with the same company can get a discount on all vehicles.
Accident Waiver - A few companies allow you one accident before hitting you with a surcharge as long as you don't have any claims for a set time period.

Keep in mind that most credits do not apply to the overall cost of the policy. Some only apply to specific coverage prices like collision or personal injury protection. So when the math indicates adding up those discounts means a free policy, it just doesn't work that way.

To choose companies with the best auto insurance discounts in Phelps, follow this link.

Save 15 percent in 15 minutes? Is it for real?

Consumers in New York can't ignore all the ads for car insurance savings by companies like GEICO, State Farm and Progressive. They all seem to say the same thing that you can save if you move to them.

How do they all claim to save you money? It's all in the numbers.

Insurance companies have a preferred profile for the type of driver that makes them money. For example, a desirable insured might be between the ages of 30 and 50, insures multiple vehicles, and drives less than 10,000 miles a year. A customer getting a price quote who fits that profile will qualify for the lowest rates and is almost guaranteed to cut their rates substantially.

Consumers who don't meet the "perfect" profile will have to pay higher prices which usually ends up with the customer not buying. The ad wording is "customers who switch" but not "drivers who get quotes" save money. This is how insurance companies can advertise the way they do. Because of the profiling, you should get quotes from several different companies. It's impossible to know which insurance companies will provide you with the cheapest rates.

How much car insurance do I need?

When buying adequate coverage for your personal vehicles, there is no perfect coverage plan. Your needs are not the same as everyone else's.

For example, these questions may help you determine if your insurance needs might need an agent's assistance.

When does my teenage driver need to be added to my policy?
Should I put collision coverage on all my vehicles?
Will I be non-renewed for getting a DUI or other conviction?
Am I covered if I wreck a rental car?
Does my policy cover me when driving someone else's vehicle?
Do I need PIP (personal injury protection) coverage in New York?
Should I file a claim if it's only slightly more than my deductible?
Can I rate high risk drivers on liability-only vehicles?

If you don't know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, complete this form. It is quick, free and you can get the answers you need.

More sites with auto insurance information

Additional detailed information can be found at the New York Department of Financial Services website. Visitors are able to view agent and company licensing information, learn about insurance regulations, and read industry bulletins.

A tidy conclusion

As you go through the steps to switch your coverage, never buy poor coverage just to save money. In many instances, drivers have reduced uninsured motorist or liability limits only to regret that the savings was not a smart move. The ultimate goal is to get the best coverage possible at the best price.

Consumers who switch companies do it for a variety of reasons including delays in paying claims, denial of a claim, high rates after DUI convictions or even lack of trust in their agent. It doesn't matter what your reason, finding a new auto insurance company is easier than you think.

Affordable auto insurance is definitely available both online and with local Phelps insurance agents, and you should compare price quotes from both in order to have the best price selection to choose from. Some auto insurance companies do not offer online price quotes and most of the time these regional insurance providers sell through independent agents.