Tightwads Tips for Saving on Romulus Auto Insurance
Have you had enough of robbing Peter to pay Paul each month for car insurance? Your situation is no different than many other drivers in New York.
Consumers have many to pick from, and although it's a good thing to have multiple companies, it can be more difficult to compare rates.
It's important to compare rates once or twice a year because prices are constantly changing. Even if you got the best deal two years ago you will most likely find a better rate today. So just forget all the misinformation about auto insurance because you're going to get a crash course in the proper way to properly buy coverages and cut your premium.
How much can you save with discounts?
Auto insurance companies don't always list all their discounts very clearly, so here is a list both well-publicized and also the lesser-known ways to save on auto insurance.
- Discount for New Cars - Buying coverage on a new vehicle is cheaper because new vehicles have to meet stringent safety requirements.
- Service Members Pay Less - Having a family member in the military could mean lower rates.
- Braking Control Discount - Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
- Auto/Life Discount - Companies who offer life insurance give a discount if you purchase life insurance.
- Multi-car Discount - Buying insurance for more than one vehicle on one policy can get a discount on all vehicles.
- Drivers Education - Make teen driver coverage more affordable by requiring them to complete a driver education course in school.
As a disclaimer on discounts, many deductions do not apply to the entire cost. Most only cut specific coverage prices like collision or personal injury protection. So even though they make it sound like adding up those discounts means a free policy, auto insurance companies aren't that generous.
Save 15 percent in 15 minutes? Is it for real?
Auto insurance companies such as GEICO, State Farm and Progressive constantly bombard you with television and radio advertisements. They all seem to make the same claim about savings if you switch to their company. How does each company make almost identical claims? It's all in the numbers.
Insurance companies can use profiling for the driver that earns them a profit. An example of a desirable insured could possibly be between 25 and 40, has no tickets, and chooses high deductibles. A customer getting a price quote who matches those parameters will qualify for the lowest rates and is almost guaranteed to save when switching.
Potential insureds who don't meet these standards will have to pay more money which leads to the driver buying from a lower-cost company. The ad wording is "customers who switch" but not "drivers who get quotes" save that much. That's why companies can truthfully state the savings. Because of the profiling, you should quote coverage with many companies. It's impossible to know the company that will give you the biggest savings.
More New York auto insurance information
Even more information is available at the New York Department of Financial Services website. New York consumers can file complaints about an insurance agent or broker, view a list of available companies, find out industry alerts, and report car insurance fraud.
Also read more on Auto Insurance 101 and this page where you can research Romulus insurance agents.
Affordable insurance is out there
When buying insurance coverage, make sure you don't buy lower coverage limits just to save a few bucks. In many instances, an insured dropped liability limits or collision coverage only to find out that their decision to reduce coverage ended up costing them more. The ultimate goal is to purchase a proper amount of coverage at the best price.
Cheap auto insurance can be found online and also from your neighborhood Romulus agents, so you should compare both in order to have the best chance of saving money. 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.
