Easy Tips to Spend Less on Phoenix Auto Insurance

Finding lower rates for Phoenix auto insurance is hard for consumers not familiar with comparison shopping online. There are so many options available that it can turn into more work than you anticipated to locate the lowest price in Phoenix.

It's important to get comparison quotes before your policy renews because prices are constantly changing. Despite the fact that you may have had the best price on your last policy you can probably find a better price now. Forget all the misinformation about auto insurance because I'm going to let you in on the secrets to one of the best ways to find great coverage at a great price.

If you have a current auto insurance policy or need new coverage, you will benefit by learning to shop for the lowest rates while maintaining coverages. This information will let you in on how to effectively get price quotes and some money-saving tips. New York drivers only need an understanding of the most efficient way to compare company rates over the internet.

Understand what determines the rate you pay

Consumers need to have an understanding of some of the elements that help determine the rates you pay for auto insurance. Understanding what determines base rates helps enable you to make changes that may reward you with much lower annual insurance costs.

The following are a few of the "ingredients" that factor into rates.

More miles equals more premium - Driving more miles every year the more you will pay for auto insurance. The majority of insurers charge to insure your cars determined by how the vehicle is used. Vehicles used primarily for pleasure use qualify for better rates compared to those used for work or business. Double check that your auto insurance coverage is showing the proper vehicle usage.
Your auto insurance rates can be influenced by your job - Did you know your occupation can influence how much you pay for auto insurance? Jobs such as lawyers, architects and accountants are shown to have higher rates than average attributed to job stress and long work days. On the flip side, occupations like farmers, athletes and performers pay the least.
Men pay higher rates - The statistics show that men are more aggressive behind the wheel. However, this does not mean men are WORSE drivers than women. Both sexes have accidents in similar percentages, but the males have costlier accidents. They also get cited for more serious violations like DUI and reckless driving. Male drivers age 16 to 19 are several times more likely to be in an accident and are penalized with high auto insurance rates.
Little extras can really add up - There are a ton of extra bells and whistles that you can buy when buying auto insurance. Coverages like vanishing deductibles, towing coverage and membership fees are examples of these. They may seem good at first, but your needs may have changed so get rid of them and save.
Bump up deductibles to save - Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. Some examples of claims that would be covered would be colliding with a building, damage from fire, or theft. Your deductibles are how much you are required to spend before a claim is paid by your company. The higher the amount the insured has to pay upfront, the less your company will charge you for insurance.
With age comes lower rates - Mature drivers are viewed as being more responsible, statistically cause fewer accidents and are safer drivers. Youthful drivers are known to get distracted easily in a vehicle therefore auto insurance rates are much higher.
Drive a safer car and pay less - Vehicles with high crash test scores are cheaper to insure. These vehicles have better occupant injury protection and any reduction in injury severity translates into fewer and smaller insurance claims and lower rates for you.
Protect yourself with liability coverage - Liability coverage will protect you if ever you are found liable for damages caused by your negligence. It provides for a legal defense which can be incredibly expensive. This coverage is very inexpensive when compared with rates for comp and collision, so buy as much as you can afford.

Be sure to get all your discounts

Companies that sell car insurance don't always list all their discounts in an easy-to-find place, so we took the time to find both the well known and the more hidden auto insurance savings. If they aren't giving you every credit available, you are paying more than you should be.

Save with a New Car - Putting insurance coverage on a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
Employee of Federal Government - Employees or retirees of the government could cut as much as 10% off with select insurance companies.
Senior Citizens - If you're over the age of 55, you may be able to get a discount up to 10%.
Drive Less and Save - Fewer annual miles can earn lower rates on the low mileage vehicles.
Homeowners Pay Less - Owning a house in Phoenix may trigger a auto insurance policy discount due to the fact that maintaining a home is proof that your finances are in order.
Air Bag Discount - Factory air bags can get savings of up to 25% or more.
Multiple Vehicles - Buying insurance for multiple vehicles with the same company could earn a price break for each car.

It's important to understand that most of the big mark downs will not be given to the entire cost. Most only reduce the cost of specific coverages such as collision or personal injury protection. Just because it seems like all the discounts add up to a free policy, it doesn't quite work that way.

To choose companies who offer auto insurance discounts in Phoenix, follow this link.

Is there truth in advertising?

Consumers in New York can't ignore all the ads for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. They all seem to say the same thing of big savings after switching your policy.

How do they all claim to save you money?

Insurance companies can use profiling for the right customer that makes them money. For example, a desirable insured might be between the ages of 30 and 50, is a homeowner, and has great credit. A customer getting a price quote who fits that profile will get the preferred rates and is almost guaranteed to cut their rates substantially.

Potential insureds who don't measure up to the "perfect" profile will have to pay more money which usually ends up with the customer not buying. The ads state "people who switch" but not "drivers who get quotes" save that kind of money. That's why insurance companies can confidently advertise the savings. Because of the profiling, you should get quotes from several different companies. It's impossible to know the company that will fit your personal profile best.

Learn more today

More tips and info about auto insurance can be found at the New York Department of Financial Services website. Visitors are able to file complaints about an insurance agent or broker, read industry bulletins, and learn about insurance regulations.

A tidy conclusion

When you buy insurance online, you should never buy poor coverage just to save money. In many instances, an accident victim reduced physical damage coverage only to discover later that the few dollars in savings costed them thousands. The ultimate goal is to get the best coverage possible at an affordable rate.

Consumers change insurance companies for many reasons like delays in paying claims, high rates after DUI convictions, denial of a claim or even delays in responding to claim requests. Regardless of your reason, finding the right auto insurance provider is easier than you think.

Low-cost auto insurance can be bought both online in addition to many Phoenix insurance agents, and you should compare price quotes from both in order to have the best chance of saving money. There are still a few companies who do not provide online price quotes and most of the time these regional insurance providers sell through independent agents.