Tightwads Tips for Saving on Rice Lake Car Insurance

Having to pay for overpriced car insurance can empty your personal savings and force you to make sacrifices. Comparison shopping is a smart way to reduce premiums and put more money in your pocket.

Drivers have multiple to pick from, and though it is a good thing to have multiple companies, it can be more challenging to compare rates.

Pricing affordable car insurance coverage in Rice Lake is quite easy. In a nutshell, anyone who carries car insurance stands a good chance to be able to cut their insurance bill. Although Wisconsin consumers do need to know how insurance companies determine prices and apply this information to your search.

Be sure to get all your discounts

Insuring your fleet can be pricey, but you can get discounts to help offset the cost. Some discounts apply automatically at the time you complete a quote, but less common discounts must be asked for prior to getting the savings.

  • Pay Upfront and Save - If you pay your bill all at once instead of monthly or quarterly installments you may reduce your total bill.
  • Own a Home - Simply owning a home may trigger a car insurance policy discount because of the fact that having a home is proof that your finances are in order.
  • Discount for Life Insurance - Companies who offer life insurance give a discount if you purchase auto and life insurance together.
  • Paperwork-free - A handful of insurance companies may give you up to $50 for buying your policy over the internet.
  • Clubs and Organizations - Being a member of a qualifying organization could qualify you for a break when shopping for car insurance.
  • Low Mileage Discounts - Keeping the miles down can earn lower rates on the low mileage vehicles.
  • Drivers Education - Make teen driver coverage more affordable by requiring them to successfully complete driver's ed class in high school.

A little note about advertised discounts, most credits do not apply to all coverage premiums. Most only apply to the price of certain insurance coverages like liability and collision coverage. Just because it seems like having all the discounts means you get insurance for free, you won't be that lucky. Any amount of discount will bring down the amount you have to pay.

compare Rice Lake car insurance rates

Is there truth in advertising?

Car insurance providers like State Farm, Allstate and GEICO regularly use television and radio advertisements. They all say the same thing about savings if you move to their company. How does each company claim to save you money? This is how they do it.

All the different companies have a preferred profile for the driver that earns them a profit. For example, a driver they prefer might be over the age of 50, insures multiple vehicles, and has great credit. Any driver who fits that profile is entitled to the best price and is almost guaranteed to save when switching.

Potential customers who don't measure up to these standards will be quoted a more expensive rate which usually ends up with the customer not buying. Company advertisements say "drivers who switch" but not "drivers who get quotes" save that much. This is how companies can truthfully advertise the savings.

This emphasizes why you should get a wide range of price quotes. You cannot predict which insurance companies will give you the biggest savings.

For more Wisconsin car insurance information

Additional information can be found on the website for the Wisconsin Office of the Commissioner of Insurance. Click here for link. Visitors are able to view a list of available companies, get help finding coverage, view agent and company licensing information, and find out which companies have the most complaints.

Also read more on this site for car insurance rates in Wisconsin and this list of insurance agents in Rice Lake, WI.

The best insurance company isn't always the cheapest

The cheapest car insurance is possible both online and also from your neighborhood Rice Lake agents, and you should be comparing both to have the best rate selection. There are still a few companies who may not provide you the ability to get quotes online and these regional insurance providers work with independent agents.

As you prepare to switch companies, make sure you don't buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced physical damage coverage only to discover later that the small savings ended up costing them much more. The proper strategy is to buy enough coverage for the lowest price while still protecting your assets.