Car Insurance in Plymouth - 5 Ways to Save Money

Finding the lowest cost Plymouth car insurance online can be rather challenging for consumers new to price shopping online. Because there are so many companies competing online, how can consumers even start to compare the different rates to find the best price?

It's important to do rate comparisons on a regular basis since rates are constantly changing. Even if you got the lowest rates a few years ago you will most likely find a better rate today. Starting right now, ignore everything you know about car insurance because we're going to show you the tricks you need to know to remove unneeded coverages and save money.

Be sure to get all your discounts

Companies that sell car insurance don't list every available discount very clearly, so we break down both the well known and the more hidden discounts you could be receiving.

  • Good Student Discount - Performing well in school can get you a discount of up to 25%. This discount can apply well after school through age 25.
  • Accident Waiver - Certain companies permit an accident before your rates go up if you are claim-free prior to the accident.
  • Life Insurance Discount - Some companies give a discount if you purchase a life insurance policy as well.
  • Multi-policy Discount - If you have multiple policies with one company you could get a discount of up to 20% off your total premium.
  • Military Rewards - Being deployed with a military unit may qualify for rate reductions.

Keep in mind that some of the credits will not apply to all coverage premiums. Most only apply to the cost of specific coverages such as medical payments or collision. So when it seems like it's possible to get free car insurance, it just doesn't work that way.

Minnesota car insurance

Is there truth in advertising?

Companies like State Farm and Allstate continually stream television and radio advertisements. All the ads have a common claim that you can save after switching to them. How does each company claim to save you money?

All companies have a preferred profile for the type of driver that earns them a profit. For example, a preferred risk might be between the ages of 40 and 55, insures multiple vehicles, and drives less than 7,500 miles a year. Any new insured that hits that "sweet spot" is entitled to the best price and is almost guaranteed to save when switching.

Consumers who don't measure up to these standards will be charged higher rates and this can result in the customer not buying. The ads state "people who switch" but not "drivers who get quotes" save money. This is how insurance companies can advertise the way they do. That is why you should get quotes from several different companies. It's just too difficult to predict which insurance companies will provide you with the cheapest rates.

Additional detailed information can be found at the Minnesota Department of Commerce website. Visitors are able to file complaints about a company, get help finding coverage, and view agent and company licensing information.

Also read more on NAIC.org's Understanding your Policy and this directory of insurance agents in Plymouth Minnesota.

Affordable insurance is out there

We just covered a lot of techniques to reduce car insurance prices online. The most important thing to understand is the more you quote, the higher your chance of finding lower rates. You may be surprised to find that the lowest priced car insurance comes from an unexpected company.

Affordable car insurance can be purchased both online and with local Plymouth insurance agents, so you should be comparing quotes from both to get a complete price analysis. Some car insurance companies do not offer you the ability to get quotes online and many times these regional insurance providers only sell through independent insurance agents.

When shopping online for car insurance, make sure you don't buy lower coverage limits just to save a few bucks. There have been many cases where drivers have reduced uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. Your goal should be to buy a smart amount of coverage at an affordable rate, not the least amount of coverage.