How to Know You're Spending Too Much for Car Insurance in Sopchoppy

Paying for high-priced car insurance can dwindle your savings account and force you to make sacrifices. Comparison shopping is free and is an excellent way to lower your monthly bill.

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 on a regular basis due to the fact that insurance rates are constantly changing. Even if you think you had the best rates last year you will most likely find a better rate today. Don't believe everything you read about car insurance on the internet, so I'm going to show you some great ways to put money back in your pocket.

Take advantage of discounts

Companies that sell car insurance do not advertise all their discounts very clearly, so the following is a list of both the well known and also the lesser-known ways to save on car insurance.

College Student - Any of your kids living away from home attending college and don't have a car may qualify for this discount.
Sign Online - A handful of insurance companies may give you up to $50 for buying your policy over the internet.
Safety Course Discount - Taking part in a defensive driving course could cut 5% off your bill if you qualify.
Auto/Life Discount - Companies who offer life insurance give a discount if you purchase auto and life insurance together.
Own a Home - Owning a house in Sopchoppy may earn you a small savings because maintaining a house demonstrates responsibility.
Service Members Pay Less - Having a family member in the military could be rewarded with lower premiums.

A little note about advertised discounts, most discount credits are not given to all coverage premiums. Some only apply to specific coverage prices like liability, collision or medical payments. So when the math indicates all those discounts means the company will pay you, you won't be that lucky.

Are car insurance companies telling the truth?

Car insurance companies such as Progressive, GEICO, Allstate and State Farm consistently run ads on TV and radio. They all seem to make the same claim about savings if you change to their company. How does each company claim to save you money? It's all in the numbers.

All the different companies have a preferred profile for the driver that earns them a profit. A good example of a desirable insured might be a mature driver, insures multiple vehicles, and drives newer vehicles. Any driver who matches those parameters will qualify for the lowest rates and most likely will save when switching.

Potential insureds who don't qualify for these standards will have to pay more money which leads to the customer not buying. The ad wording is "customers who switch" not "people who quote" save that much. This is how companies can truthfully claim big savings. Because of the profiling, you should get quotes from several different companies. You cannot predict which insurance companies will give you the biggest savings.

For more Florida car insurance information

Even more information can be read at the Florida Office of Insurance Regulation website. Visitors are able to read enforcement actions against agents and companies, get help finding coverage, discover disciplinary actions, and view agent and company licensing information.

Also read more on this Car Insurance FAQ and this page of insurance agents in Sopchoppy.

Final considerations

When trying to cut insurance costs, make sure you don't buy lower coverage limits just to save a few bucks. There are many occasions where drivers have reduced full coverage and found out when filing a claim that it was a big mistake. Your aim should be to get the best coverage possible at the best price.

Cheaper car insurance is attainable both online and also from your neighborhood Sopchoppy agents, and you need to price shop both in order to have the best chance of saving money. A few companies may not provide you the ability to get quotes online and most of the time these small insurance companies sell through independent agents.