Car Insurance in Spencer - 5 Discounts You Might be Losing Out On
Finding lower rates for Spencer car insurance is difficult for consumers new to shopping for insurance online. There are so many options available that it can be a challenge to compare prices in Spencer.
It's important to compare rates once or twice a year since rates are constantly changing. Even if you got the best deal a few years ago a different company probably has better rates today. So just forget all the misinformation about car insurance because we're going to show you the only way to properly buy coverages and cut your premium.
Finding affordable coverage in Spencer is not that difficult. If you are paying for car insurance now, you stand a good chance to be able to save some money using this information. Massachusetts consumers only need to know the most efficient way to compare company rates online.
Be sure to get all your discounts
Companies don't list all their discounts very clearly, so here is a list both the well known and also the lesser-known car insurance savings. If you're not getting every credit available, you are throwing money away.
- Senior Citizens - If you qualify as a senior citizen, you may qualify for better car insurance rates.
- Service Members Pay Less - Having a deployed family member could mean lower rates.
- Anti-lock Brake Discount - Cars that have steering control and anti-lock brakes are safer to drive and will save you 10% or more.
- Discount for Life Insurance - Companies who offer life insurance give a discount if you purchase auto and life insurance together.
- Save with a New Car - Buying coverage on a new vehicle is cheaper due to better safety requirements for new cars.
A little note about advertised discounts, most credits do not apply to the entire cost. Most only apply to specific coverage prices like liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, you won't be that lucky.
Is there truth in advertising?
Consumers in Massachusetts get pounded daily by advertisements for the lowest price auto insurance by Progressive, GEICO, Allstate and State Farm. They all seem to say the same thing about savings if you switch to their company.
How does each company claim to save you money? It's all in the numbers.
All the different companies can use profiling for the driver that earns them a profit. An example of a desirable insured might be between the ages of 30 and 50, has no tickets, and has a short commute. Any new insured who fits that profile is entitled to the best price and is almost guaranteed to save when switching.
Potential insureds who don't measure up to these standards will have to pay more money which usually ends up with the customer not buying. Company advertisements say "customers who switch" but not "drivers who get quotes" save that much. That's why companies can truthfully make the claims of big savings. Because of the profiling, drivers should compare many company's rates. It's just too difficult to predict the company that will fit your personal profile best.
More Massachusetts car insurance information
Even more information is available at the Massachusetts Division of Insurance website. Visitors are able to learn about insurance regulations, view a list of available companies, and find out industry alerts.
Also read more on this Car Insurance FAQ and this page of insurance agents in Spencer.
A tidy conclusion
As you shop your coverage around, make sure you don't skimp on coverage in order to save money. There are many occasions where an insured dropped comprehensive coverage or liability limits to discover at claim time that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy enough coverage at the best price.
Consumers switch companies for a variety of reasons including denial of a claim, unfair underwriting practices, policy cancellation and even delays in paying claims. Regardless of your reason, finding a new car insurance company is less work than it seems.
We just covered a lot of information how to reduce car insurance prices online. The key thing to remember is the more times you quote, the better likelihood of reducing your rate. Consumers may even find the lowest rates come from a small mutual company.
