Tightwads Tips for Saving on Placedo Car Insurance

Expensive car insurance can dwindle your personal savings and make it hard to pay other bills. Shopping your coverage around is free and is an excellent way to lower your monthly bill.

You have so many to buy insurance from, and even though it's nice to have a choice, lots of choices makes it harder to compare rates.

Free Placedo Car Insurance Quotes

The are a couple different ways to compare quotes from local Placedo car insurance companies. The recommended way to find the lowest rates involves getting comparison quotes online. This can be accomplished in just a few minutes using one of these methods.

The first (and easiest) way to find low rates is a comparison rater form (click to open form in new window). This form saves time by eliminating separate forms to each individual car insurance company. One form compares rates from several companies.

Another way to shop for car insurance online is going to each individual company website to complete a price quote. For instance, we'll assume you want comparison quotes from , and . To find out each rate you need to go to every website and enter your information, which is why the first method is quicker. For a list of links to companies insuring cars in Placedo, click here.

The hardest way to compare rates is to waste gas driving to different agent offices. Shopping for car insurance online makes this process obsolete unless you want the professional advice only provided by licensed agents. Drivers can compare the best prices online but buy from a local insurance agent and we'll talk about that later.

It's up to you how you get prices quotes, just make darn sure you compare identical coverage limits and deductibles with each company. If you are comparing different liability limits then you won't be able to make an equal comparison in Placedo. Having just a slight variation in limits may result in large price differences. And when comparison shopping, comparing more company's prices helps locate the best rates.

Tips to Get Lower Placedo Rates

It's important that you understand the rating factors that go into determining your car insurance rates. Knowing what influences your rates empowers consumers to make smart changes that could result in big savings.

Listed below are a few of the "ingredients" used by your company to calculate premiums.

  • Increase deductibles and save - Physical damage deductibles represent how much money you are willing to pay if you file a covered claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. A few examples of covered claims are colliding with a building, collision with an animal, and windstorm damage. The higher the amount you have to pay, the bigger discount you will receive.
  • Older drivers save more - Young drivers in Texas are statistically proven to get distracted easily when driving so they pay higher car insurance rates. Adding a youthful driver onto a policy can be quite pricey. More mature drivers are more responsible, file fewer claims and are safer drivers.
  • Bundling policies can get discounts - Most car insurance companies will award you with lower prices to policyholders who have multiple policies with them in the form of a multi-policy discount. Even with this discount, it's still a good idea to shop around to verify if the discount is saving money.
  • Battle of the sexes - Statistics have proven that women are safer drivers than men. That doesn't necessarily mean that women are BETTER drivers than men. They both have accidents in similar percentages, but the male of the species cause more damage. Men also tend to have more aggressive citations such as reckless driving. Young males are the most expensive to insure and thus pay the highest rates.
  • How's your driving record? - Drivers who don't get tickets get better rates than bad drivers. Only having one speeding ticket can bump up the cost by as much as thirty percent. Drivers with serious tickets like DUI or reckless driving are required to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to continue driving.

Policy discounts you shouldn't miss

Insurance can cost an arm and a leg, buy you may qualify for discounts that many people don't even know exist. Certain discounts will be applied at the time of quoting, but lesser-known reductions have to be asked for before you will receive the discount.

  • Multi-car Discount - Buying insurance for more than one vehicle on one policy can get a discount on all vehicles.
  • Student in College - Any of your kids who attend school more than 100 miles from home and do not have a car can receive lower rates.
  • Theft Prevention System - Vehicles equipped with anti-theft or alarm systems prevent vehicle theft and earn discounts up to 10%.
  • Accident Waiver - Certain companies allow you one accident without raising rates so long as you haven't had any claims for a particular time prior to the accident.
  • Passive Restraints - Vehicles equipped with air bags or automatic seat belts may earn rate discounts up to 30%.

It's important to note that most discount credits are not given to the overall cost of the policy. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like having all the discounts means you get insurance for free, you're out of luck. But any discount will bring down the amount you have to pay.

For a list of insurers offering car insurance discounts in Texas, click this link.

Insurance agents can help

When it comes to choosing adequate coverage for your personal vehicles, there isn't really a best way to insure your cars. Every situation is different so this has to be addressed. For example, these questions may help you determine whether your personal situation might need an agent's assistance.

  • Can I afford to buy a different vehicle if my vehicle is totaled?
  • What are Texas no-fault laws?
  • Do I need special endorsements for business use of my vehicle?
  • Does my policy cover me when driving someone else's vehicle?
  • Can I rate high risk drivers on liability-only vehicles?
  • Is my vehicle covered for flood damage?
  • Does my personal policy cover me when driving my company car?
  • Should I have combined single limit or split liability limits?

If it's difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. To find an agent in your area, complete this form or go to this page to view a list of companies.

More information can be found on the website for the Texas Department of Insurance found here. Consumers can report car insurance fraud, read enforcement actions against agents and companies, read consumer alerts, and learn about insurance regulations.

Placedo car insurance comparison

Final considerations

Lower-priced car insurance can be found from both online companies as well as from independent agents in Placedo, and you should compare price quotes from both to have the best chance of lowering rates. There are still a few companies who don't offer online quoting and usually these regional insurance providers provide coverage only through local independent agents.

As you prepare to switch companies, never reduce needed coverages to save money. In too many instances, drivers have reduced uninsured motorist or liability limits only to regret that the small savings ended up costing them much more. Your focus should be to buy the best coverage you can find at the best price while not skimping on critical coverages.

We just showed you some good ideas how to lower your car insurance rates. The key thing to remember is the more rate comparisons you have, the higher your chance of finding lower rates. Consumers may even find the lowest rates come from some of the smallest insurance companies. Smaller companies often have lower prices on specific markets compared to the large companies like .