Best Way to Find the Cheapest Slayton Auto Insurance

Saving money on Slayton auto insurance is hard for consumers not familiar with comparing rates online. You have so many options available that it can quickly become more work than you anticipated to compare prices in Slayton.

It's important to compare rates before your policy renews because prices are constantly changing. Even if you think you had the best rates a few years ago you can probably find a better price now. You'll find quite a bit of inaccurate information about auto insurance on the internet, so we're going to give you some great ways to quit paying high auto insurance rates.

You have some control over your rates

Consumers need to have an understanding of the rating factors that play a part in calculating the rates you pay for auto insurance. Having a good understanding of what impacts premium levels enables informed choices that can help you get big savings.

Shown below are some of the items auto insurance companies consider when setting your rates.

  • How credit affects auto insurance rates - Your credit score is a important factor in your rate calculation. Drivers who have excellent credit tend to be better drivers and file fewer claims as compared to drivers with lower credit ratings. So if your credit score is low, you could save money insuring your by improving your credit score.
  • Your stress level may be raising your rates - Occupations like real estate brokers, executives and dentists tend to have the highest average rates because of high stress levels and lots of time spent at work. Other professions such as farmers, historians and retirees receive lower rates.
  • Safe vehicles cost less to insure - Vehicles with good safety scores tend to have better insurance rates. Safer cars reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims and more competitive rates for policyholders.
  • Discounts for married couples - Getting married helps lower the price on your auto insurance policy. Marriage means you're more responsible and it's proven that drivers who are married are more cautious.
  • Lower rates with optional equipment - Driving a car with an alarm system can help bring down rates. Theft prevention devices like tamper alarm systems, vehicle immobilizer technology and General Motors OnStar all hinder your vehicle from being stolen.
  • Consolidate policies to earn discounts - Some auto insurance companies give discounts to insureds who carry more than one policy such as combining an auto and homeowners policy. Discounts can add up to ten or even up to twenty percent in some cases. Even if you're getting this discount you still need to comparison shop to ensure the best deal. Drivers may still find better rates by insuring with multiple companies.
  • Extra add-on coverages are wasting money - There are quite a few extra bells and whistles you can purchase when buying auto insurance. Insurance for roadside assistance, better glass coverage and term life insurance may be wasting your money. These may sound like a good investment when you first buy your policy, but if they're wasting money eliminate the coverages to reduce your premium.
  • Pleasure use saves money - The higher the mileage driven every year the higher your rates will be. Most insurance companies charge to insure your cars based upon how you use the vehicle. Autos not used for work or commuting get more affordable rates than those used for commuting. Ask your agent if your auto insurance declarations sheet is rated on the correct usage for each vehicle.

Minnesota auto insurance

Save big with these discounts

Car insurance can cost a lot, but there could be available discounts to help bring down the price. Certain discounts will be applied at quote time, but some may not be applied and must be manually applied in order for you to get them.

  • Passive Restraint Discount - Vehicles with factory air bags can qualify for discounts of 20% or more.
  • No Accidents - Claim-free drivers pay less compared to accident-prone drivers.
  • Service Members Pay Less - Having a family member in the military could be rewarded with lower premiums.
  • One Accident Forgiven - A handful of insurance companies will forgive one accident before hitting you with a surcharge if you are claim-free for a particular time prior to the accident.
  • Theft Prevention System - Vehicles equipped with anti-theft or alarm systems help deter theft and will save you 10% or more.
  • Auto/Life Discount - Companies who offer life insurance give better rates if you take out auto and life insurance together.

As a disclaimer on discounts, most discount credits are not given to the entire cost. Most only cut individual premiums such as medical payments or collision. So when the math indicates having all the discounts means you get insurance for free, auto insurance companies aren't that generous. Any amount of discount will reduce your overall premium however.

To choose providers with discount auto insurance rates in Slayton, click this link.

Auto insurance ads bend the truth

Companies like State Farm and Allstate consistently run ads on TV and radio. All the ads make the same claim about savings if you change to their company. How can each company claim to save you money?

All the different companies can use profiling for the driver that makes them money. A good example of a preferred risk might be between the ages of 30 and 50, is a homeowner, and drives less than 7,500 miles a year. A customer getting a price quote who matches those parameters will qualify for the lowest rates and most likely will save when they switch companies.

Potential insureds who fall outside the requirements will be charged more money which leads to the customer not buying. The ad wording is "customers that switch" not "people who quote" save that much. That's why companies can truthfully advertise the way they do.

That is why you should quote coverage with many companies. It's impossible to know the company that will provide you with the cheapest rates.

Learn more today

Additional information can be read on the Minnesota Department of Commerce website located here. Visitors are able to find out industry alerts, read industry bulletins, and find disaster information.

Affordable insurance is out there

We covered some good ideas how to save on auto insurance. It's most important to understand that the more you quote, the more likely it is that you will get a better rate. Drivers may discover the lowest rates come from a small local company.

Insureds leave their current company for a number of reasons such as poor customer service, high rates after DUI convictions, delays in responding to claim requests or even an unsatisfactory settlement offer. Whatever your reason, choosing a new insurance company is easier than you think.

Cheap auto insurance is attainable both online and also from your neighborhood Slayton agents, and you should compare price quotes from both in order to have the best chance of saving money. Some auto insurance companies may not provide online price quotes and many times these small insurance companies only sell through independent insurance agents.