Tightwads Tips for Saving on Posen Auto Insurance

Did you fall for a flashy sales pitch and buy high-priced auto insurance? Trust us when we tell you there are a lot of people in Posen just like you who feel imprisoned by their auto insurance policy. Consumers have many to buy insurance from, and though it is a good thing to have a selection, it can be more difficult to compare rates.

Finding affordable coverage in Posen is quite easy. If you currently have car insurance, you should be able to cut costs considerably using this information. Michigan drivers only need an understanding of the most effective way to compare rates over the internet.

Policy discounts you shouldn't miss

Companies that sell car insurance don't always advertise every discount very clearly, so we researched some of the best known and the harder-to-find ways to save on auto insurance. If you're not getting every credit possible, you're paying more than you need to.

  • Payment Method - If paying your policy premium upfront instead of paying each month you may reduce your total bill.
  • Multiple Vehicles - Buying insurance for multiple vehicles on the same auto insurance policy qualifies for this discount.
  • Auto/Life Discount - Larger companies have a discount if you purchase life insurance from them.
  • Senior Discount - Mature drivers may be able to get better auto insurance rates.
  • Multiple Policy Discount - When you combine your home and auto insurance with one company you may save 10% to 20% off each policy.
  • Low Mileage Discounts - Fewer annual miles could be rewarded with better rates on cars that stay parked.
  • Homeowners Discount - Simply owning a home may earn you a small savings due to the fact that maintaining a home shows financial diligence.

It's important to understand that many deductions do not apply to all coverage premiums. Some only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like you could get a free auto insurance policy, it doesn't quite work that way.

To see a list of insurance companies who offer auto insurance discounts in Michigan, click this link.

compare Posen auto insurance rates

Comprehensive Posen Auto Insurance Comparison

Finding cheaper auto insurance prices can be relatively painless. Consumers just need to invest a little time comparing price quotes online from several insurance companies. This can be done in just a few minutes using one of these methods.

  • The best way to find the lowest comparison rates is a comparison rater form click here to open form in new window. This form eliminates the need for separate quotes for each company. Filling out one form gets rate comparisons instantly.
  • A less efficient way to shop for auto insurance online is spending the time to visit the website of each company and request a quote. For sake of this example, let's assume you want to compare rates from , and . You would have to spend time on each company's site and enter your policy data, and that's why the first method is more popular.

    For a list of links to companies insuring cars in Posen, click here.

It doesn't matter which method you choose, just ensure you are comparing identical information with every price quote. If each company quotes higher or lower deductibles you will not be able to find the best deal in Posen.

You have some control over your rates

An important part of buying insurance is that you know the rating factors that help determine auto insurance rates. Knowing what determines base rates enables informed choices that will entitle you to better auto insurance rates.

The following are a partial list of the pieces auto insurance companies consider when setting prices.

  • Equipment add-ons that lower auto insurance rates - Choosing a vehicle with anti-theft technology or alarm system can get you a discount on your auto insurance. Theft prevention features like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar can thwart your vehicle from being stolen.
  • Do you know your deductibles? - Physical damage deductibles define the amount you are required to spend if you file a covered claim. Physical damage insurance, otherwise known as comp (or other than collision) and collision, covers damage that occurs to your car. Some instances where coverage would apply are running into the backend of another car, damage caused by hail, and rolling your vehicle. The more you are required to pay out-of-pocket, the less your auto insurance will be.
  • More people means more accidents - Choosing to live in a small town can save you money when buying auto insurance. Drivers in populated areas have traffic congestion and much longer commute distances. Lower population translates into fewer accidents as well as less vandalism and auto theft.
  • Do men or women drive better? - Statistics demonstrate that women are safer drivers than men. However, this does not mean men are worse drivers. Men and women have accidents in similar numbers, but the men have costlier accidents. Men also statistically have more aggressive citations like reckless driving and DUI. Male drivers age 16 to 19 tend to get in the most accidents and therefore have the most expensive auto insurance rates.
  • Consolidate policies to earn discounts - Many auto insurance companies provide better rates to people who have multiple policies with them in the form of a multi-policy discount. If you currently are using one company, it's in your best interest to compare rates to ensure the best deal. You may still find a better deal by buying auto insurance from a different company.
  • Do you have a high stress job? - Did you know your auto insurance rates can be affected by your occupation? Careers like judges, executives and financial analysts tend to have higher average rates in part from job stress and long work hours. Conversely, occupations like actors, engineers and performers receive lower rates.

Save $429 a year? Really?

Michigan drivers can't get away from ads that promise big savings by State Farm, Allstate and GEICO. They all make the same claim of big savings after switching to their company.

How does each company say the same thing? This is how they do it.

Different companies are able to cherry pick for the driver that is profitable for them. For instance, a driver they prefer might be profiled as a mature driver, has no driving citations, and drives less than 7,500 miles a year. A propective insured who matches those parameters will qualify for the lowest rates and is almost guaranteed to save when switching.

Potential customers who don't qualify for these standards will be quoted a more expensive rate which leads to business not being written. The ad wording is "drivers who switch" but not "drivers who get quotes" save that much. That's the way insurance companies can confidently advertise the way they do. This emphasizes why drivers must get quotes from several different companies. It's not possible to predict which auto insurance company will provide you with the cheapest rates.

Best coverage at the best price

Low-cost auto insurance can be purchased on the web and also from your neighborhood Posen agents, and you need to price shop both to have the best rate selection. Some auto insurance companies may not provide the ability to get a quote online and these small, regional companies work with independent agents.

When shopping online for auto insurance, it's very important that you do not reduce coverage to reduce premium. There have been many situations where someone sacrificed collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. The proper strategy is to get the best coverage possible for the lowest price while still protecting your assets.

More tips and info about auto insurance is located at the Michigan Office of Financial and Insurance Regulation website. Michigan drivers can view a list of available companies, report car insurance fraud, view agent and company licensing information, and learn about insurance regulations.