7 Discounts Plato Drivers Forget when Buying Car Insurance
Overpriced car insurance can empty your personal savings and force you to make sacrifices. Shopping your coverage around is a great way to reduce premiums and put more money in your pocket. Because you have many online and local companies to choose from, it can be challenging to find the lowest price company.
It's important to check car insurance prices on a regular basis since rates are constantly changing. If you had the best rates a few years ago there is a good chance you can find better rates now. You can find a lot of misleading information regarding car insurance on the web, but I'm going to show you some great ways to reduce your car insurance bill.
How to Lower Your Car Insurance Cost in Plato, Missouri
Shopping for lower car insurance rates can be exhausting if you don't understand the most efficient way. You can spend your afternoon talking about coverages with insurance agencies in Plato, or you can stay home and use online quotes to get the quickest rates.
Most of the larger companies participate in an industry program that enables customers to only type in their quote data once, and each company then returns a price quote determined by their information. This prevents consumers from doing quote requests to each individual car insurance company.
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The one disadvantage to pricing coverage this way is you are unable to specify which providers you want to price. So if you want to choose individual companies to compare, we have assembled a list of the cheapest car insurance companies in Missouri. View list of Missouri insurance companies.
However you get your quotes, ensure you are comparing apples-to-apples deductibles and coverage limits with every price quote. If your comparisons have different values for each quote it will be very difficult to find the best deal in Plato.
Don't pay full price with these seven discounts
Companies don't always advertise all their discounts very well, so the following is a list of both the well known and the harder-to-find discounts you could be receiving. If you don't get every credit you deserve, you are paying more than you should be.
- Life Insurance Discount - Some companies give a break if you buy life insurance from them.
- Own a Home - Owning a house in Plato can save you money because of the fact that having a home demonstrates responsibility.
- Military Rewards - Being deployed with a military unit can result in better rates.
- Anti-lock Brakes - Vehicles equipped with ABS or steering control prevent accidents and qualify for as much as a 10% discount.
- Bundle and Save - If you insure your home and vehicles with the same insurance company you could get a discount of 10% to 20% off each policy.
- Good Student Discount - This discount can save 20 to 25%. The good student discount can last up to age 25.
- Sign Online - Some insurance companies may give you up to $50 just for signing your application online.
Keep in mind that some of the credits will not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like you would end up receiving a 100% discount, it just doesn't work that way.
To choose companies with the best car insurance discounts in Missouri, click here.
The car insurance bait and switch
Consumers in Missouri can't ignore all the ads for car insurance savings by companies like GEICO, State Farm and Progressive. They all seem to have a common claim that you can save if you move to them.
But how can every company claim to save you money? This is how they do it.
Different companies have a preferred profile for the type of driver that makes them money. A good example of a desirable insured might be a mature driver, insures multiple vehicles, and drives less than 7,500 miles a year. Any new insured that hits that "sweet spot" receives the best rates and therefore will save a lot of money.
Potential customers who don't measure up to this ideal profile will have to pay a more expensive rate and this can result in the customer not buying. Company advertisements say "drivers who switch" not "everyone that quotes" save money. This is how insurance companies can advertise the way they do. Because of the profiling, you need to get a wide range of price quotes. It's just too difficult to predict which insurance companies will provide you with the cheapest rates.
Additional detailed information can be read at the Missouri Department of Insurance website. Visitors are able to file complaints about an insurance agent or broker, get help finding coverage, view a list of available companies, and find out industry alerts.
Other informative sites include Wikipedia and this page where you can research Plato insurance agents.
And the best car insurance company is...
When shopping online for car insurance, do not reduce coverage to reduce premium. In many instances, drivers have reduced full coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy enough coverage for the lowest price.
Affordable car insurance is possible both online and with local Plato insurance agents, and you need to price shop both to have the best rate selection. Some car insurance companies do not offer online price quotes and most of the time these small insurance companies sell through independent agents.
