How to Know You're Throwing Money Away for Auto Insurance in Spencer

Are you tired of scraping the payment together each month for car insurance? You are no different than many other Tennessee drivers. Numerous battle for your insurance dollar, so it's not easy to compare every to find the lowest price

It's important to compare prices once or twice a year since insurance rates are constantly changing. Just because you found the best rates six months ago there is a good chance you can find better rates now. There is a lot of bad information regarding auto insurance online, so I'm going to show you some great ways to reduce your auto insurance bill.

How to Lower your Auto Insurance Rates

Consumers need to have an understanding of the different types of things that play a part in calculating auto insurance rates. Understanding what impacts premium levels empowers consumers to make smart changes that may reward you with lower auto insurance prices.

Pay less if you're married - Getting married helps lower the price on your policy. It translates into being more responsible and it's proven that drivers who are married are more cautious.
Car features impact rates - Driving a car with an alarm system can save you a little every year. Theft prevention devices like LoJack tracking devices, vehicle tamper alarm systems or GM's OnStar system all hinder car theft.
Liability coverage is cheap - Your policy's liability coverage will protect you if ever a jury decides you are liable for personal injury or accident damage. Liability insurance provides you with a defense in court starting from day one. This coverage is very inexpensive as compared to coverage for physical damage, so do not cut corners here.
Low deductibles can be expensive - Physical damage insurance, termed comprehensive and collision coverage on your policy, is used to repair damage to your car. A few examples of covered claims are a windshield shattered by a rock, damage caused by hail, and burglary. Deductibles for physical damage are how much you are willing to pay out-of-pocket before a claim is paid by your company. The more expense you have to pay, the less your company will charge you for insurance.
Teen drivers pay high rates - Mature drivers are viewed as being more responsible, tend to file fewer claims and tend to be better behind the wheel. Teenage drivers have a tendency to be more careless in a vehicle therefore auto insurance rates are much higher.
Males pay more for insurance - The statistics show that men are more aggressive behind the wheel. Now that doesn't mean women are BETTER drivers than men. Women and men cause accidents at a similar rate, but the males tend to have more serious accidents. They also receive more costly citations like reckless driving and DUI.
Do you know you're credit rating? - Credit score is a important factor in your rate calculation. People with high credit ratings tend to be more responsible than drivers who have lower credit ratings. Therefore, if your credit is low, you could save money insuring your by repairing your credit.

Fast and Easy Spencer Auto Insurance Quotes

Performing a rate comparison can take time and effort if you don't understand the most efficient way. You can spend your afternoon talking about coverages with local insurance agents in Spencer, or you could save time and use the internet to accomplish the same thing much quicker.

Most of the larger companies belong to a marketplace that enables customers to submit one quote, and at least one company then gives them pricing based on the submitted data. This saves time by eliminating quote requests to each individual auto insurance company.

To submit your quote information now, click here to open in new window.

The one disadvantage to using this type of system is you don't know exactly which providers you want pricing from. So if you want to select specific providers to receive pricing from, we put together a list of auto insurance companies in Tennessee. Click here to view list.

It's up to you which method you use, but double check that you are using the exact same quote information on every quote. If each company quotes mixed coverages it's not possible to make a fair comparison in Spencer.

Don't pay full price with these discounts

Companies offering auto insurance don't necessarily list all their discounts in an easy-to-find place, so the following is a list of some of the best known as well as the least known savings tricks you should be using. If they aren't giving you every credit available, you are paying more than you should be.

Homeowners Pay Less - Owning a house in Spencer can help you save on auto insurance because maintaining a house demonstrates responsibility.
Pay Now and Pay Less - If you pay your entire premium ahead of time instead of making monthly payments you could save up to 5%.
Organization Discounts - Affiliation with certain professional organizations is a good way to get lower rates on auto insurance.
Multiple Cars - Having all your vehicles with the same company may reduce the rate for each vehicle.
College Student - Kids in college living away from home attending college and don't have a car may be able to be covered for less.
Senior Discount - If you're over the age of 55, you may receive a small decrease in premiums.

A little note about advertised discounts, most discount credits are not given to the entire cost. Some only apply to individual premiums such as liability, collision or medical payments. So despite the fact that it appears you can get free auto insurance, you won't be that lucky.

To choose companies with discount auto insurance rates in Spencer, click here to view.

The auto insurance bait and switch

Tennessee drivers can't ignore all the ads for the lowest price auto insurance from the likes of State Farm, GEICO and Progressive. They all seem to make an identical promise about savings if you change your coverage to them.

How do they all say the same thing?

All companies can use profiling for the type of customer that makes them money. A good example of a desirable insured might be profiled as over the age of 50, has no tickets, and has a high credit rating. A propective insured who meets those qualifications will qualify for the lowest rates and therefore will cut their rates substantially.

Consumers who don't measure up to the "perfect" profile will have to pay higher rates and ends up with business not being written. The ad wording is "customers that switch" not "everyone that quotes" save that much money. That's why companies can truthfully state the savings. Because of the profiling, you need to get a wide range of price quotes. It's not possible to predict the company that will have the lowest rates.

Even more information can be read at the Tennessee Department of Commerce and Insurance website. Tennessee drivers can get help finding coverage, view a list of available companies, find out which companies have the most complaints, and report car insurance fraud.

Best coverage at the best price

Cheaper auto insurance can be sourced on the web as well as from independent agents in Spencer, and you should be comparing both to get a complete price analysis. Some insurance companies don't offer online price quotes and most of the time these small insurance companies sell through independent agents.

As you restructure your insurance plan, never reduce coverage to reduce premium. In many cases, an insured dropped full coverage and found out when filing a claim that they should have had better coverage. Your aim should be to get the best coverage possible at a price you can afford.