Easy Tips to Cut Costs on Ponsford Auto Insurance

Shopping for the most affordable Ponsford auto insurance over the internet can be rather challenging for beginners to online price comaprisons. Because there are so many insurers available, how can consumers effectively compare every one to find the cheapest rates?

It's important to compare rates yearly because prices are constantly changing. Just because you found the best deal six months ago you will most likely find a better rate today. Starting right now, ignore everything you know about auto insurance because you're going to get a crash course in the only way to properly buy coverages and cut your premium.

Don't pay full price with these discounts

Companies don't list all their discounts very clearly, so here is a list both the well known and the more hidden savings tricks you should be using.

  • College Student - Kids in college who live away from home and don't have a car may be able to be covered for less.
  • Life Insurance - Some companies give a discount if you purchase auto and life insurance together.
  • Multiple Cars - Having all your vehicles on one policy could earn a price break for each car.
  • Accident Waiver - Certain companies permit an accident before your rates go up as long as you don't have any claims for a particular time prior to the accident.
  • Air Bag Discount - Factory air bags or automatic seat belts may earn rate discounts up to 30%.

Keep in mind that most discount credits are not given to your bottom line cost. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, it just doesn't work that way.

Ponsford auto insurance comparison

Your personal situation dictates your coverage

When it comes to buying proper insurance coverage for your personal vehicles, there isn't really a perfect coverage plan. Each situation is unique.

Here are some questions about coverages that can help discover whether or not you would benefit from professional advice.

  • Do I pay less if my vehicle is kept in my garage?
  • What happens if I owe more than my vehicle is worth?
  • Am I covered when driving on a suspended license?
  • What are the financial responsibility laws in Minnesota?
  • I have good health insurance, so how much medical payments coverage do I need?
  • Does my policy cover me when driving someone else's vehicle?
  • Is rental equipment covered for theft or damage?

If you're not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you don't have a local agent, complete this form.

The auto insurance bait and switch

Auto insurance companies such as Progressive, GEICO, Allstate and State Farm consistently run ads in print and on television. They all seem to make an identical promise that you can save if you change to their company. How does each company claim to save you money?

All the different companies have a preferred profile for the driver that earns them a profit. An example of a desirable insured might be a mature driver, has no prior claims, and has a high credit rating. A customer getting a price quote who meets those qualifications will get very good rates and therefore will save when switching.

Potential insureds who don't measure up to these standards will have to pay more money and ends up with the customer not buying. The ads say "people who switch" not "everyone that quotes" save that much. This is how insurance companies can state the savings. Because of the profiling, you should get a wide range of price quotes. It's impossible to know which insurance companies will have the lowest rates.

Learn more about auto insurance in Minnesota

Additional detailed information is available at the Minnesota Department of Commerce website. Visitors are able to read enforcement actions against agents and companies, file complaints about an insurance agent or broker, and report car insurance fraud.

Also read more on this Car Insurance FAQ and this page of insurance agents in Ponsford.

Minnesota auto insurance quotes

Final considerations

As you restructure your insurance plan, make sure you don't buy lower coverage limits just to save a few bucks. There are many occasions where consumers will sacrifice comprehensive coverage or liability limits to discover at claim time that they should have had better coverage. Your aim should be to find the BEST coverage at an affordable rate.

Affordable auto insurance can be sourced both online and also from your neighborhood Ponsford agents, and you need to price shop both to have the best chance of lowering rates. Some insurance companies may not provide you the ability to get quotes online and most of the time these smaller companies sell through independent agents.

We covered some good ideas how you can reduce auto insurance prices online. It's most important to understand that the more times you quote, the more likely it is that you will get a better rate. Consumers may even find the best price on auto insurance is with a company that doesn't do a lot of advertising.