8 Tips Guaranteed to Save on Car Insurance Costs in Potosi

No one in their right mind looks forward to paying for car insurance, particularly when their premiums are too high.

Online insurance companies like State Farm, Allstate, GEICO and Progressive continually hit you with ad campaigns and it is difficult to sift through the bull and do the work needed to find the best deal.

Be sure to get all your discounts

Auto insurance companies don't always advertise every discount in a way that's easy to find, so we researched both the well known and also the lesser-known ways to save on car insurance.

  • Federal Employees - Active or retired federal employment could cut as much as 10% off with a few car insurance companies.
  • Multiple Policy Discount - If you have multiple policies with one company you may earn at least 10% off all policies.
  • Claim Free - Good drivers with no accidents pay much less when compared to drivers who are more careless.
  • Pay Upfront and Save - If paying your policy premium upfront instead of monthly or quarterly installments you could save up to 5%.
  • Auto/Life Discount - Companies who offer life insurance give better rates if you take out life insurance.
  • Clubs and Organizations - Being a member of a civic or occupational organization could trigger savings when shopping for car insurance.
  • Drivers Ed for Students - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class in high school.
  • Lower Rates for Military - Having a family member in the military can result in better rates.

As a disclaimer on discounts, many deductions do not apply to your bottom line cost. Most only apply to specific coverage prices like comp or med pay. So even though they make it sound like all the discounts add up to a free policy, car insurance companies aren't that generous.

How do I know if I need professional advice?

When it comes to buying the best car insurance coverage for your vehicles, there really is not a "best" method to buy coverage. Your needs are not the same as everyone else's so this has to be addressed. For example, these questions might point out whether or not you might need an agent's assistance.

  • Am I covered if I drive in a foreign country?
  • Am I covered when driving in Canada or Mexico?
  • What companies insure drivers after a DUI or DWI?
  • Are my tools covered if they get stolen from my vehicle?
  • What happens if I owe more than my vehicle is worth?
  • Am I getting all the discounts available?
  • Is rental equipment covered for theft or damage?

If it's difficult to answer those questions but a few of them apply, then you may want to think about talking to an insurance agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier

Is there truth in advertising?

Car insurance providers like Progressive, Allstate and GEICO regularly use television and radio advertisements. They all make the same claim about savings if you move your coverage to them. How can each company claim to save you money? It's all in the numbers.

Insurance companies have a certain "appetite" for the type of customer that earns them a profit. For instance, a driver they prefer might be between the ages of 30 and 50, owns a home, and has a short commute. Any new insured who matches those parameters is entitled to the best price and is almost guaranteed to save when they switch companies.

Drivers who don't measure up to the requirements will be quoted a higher premium which leads to the customer not buying. The ads state "customers who switch" but not "drivers who get quotes" save that much money. That is how companies can truthfully make the claims of big savings. This emphasizes why drivers should quote coverage with many companies. It's just too difficult to predict which company will fit your personal profile best.

For more Missouri car insurance information

Even more information is located at the Missouri Department of Insurance website. Visitors are able to download brochures, read consumer alerts, read industry bulletins, and view a list of available companies.

Potosi car insurance quote

Affordable insurance is out there

As you shop your coverage around, it's not a good idea to skimp on coverage in order to save money. There are too many instances where an insured cut liability coverage limits only to discover later that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy a smart amount of coverage at the best price while still protecting your assets.

Cheap car insurance is definitely available both online as well as from independent agents in Potosi, and you should compare price quotes from both to have the best selection. Some insurance providers don't offer you the ability to get quotes online and these small, regional companies work with independent agents.