Spring Lake Park Auto Insurance For Less Than You're Paying Now

Are you intimidated by the crazy number of auto insurance options in Spring Lake Park? You're not the only one! There are so many companies to choose from that it can turn into a challenge to find the lowest price.

It's important to check auto insurance prices every six months because prices are constantly changing. Even if you got the best price a few years ago you may be paying too much now. Forget all the misinformation about auto insurance because you're about to find out the only way to buy cheaper auto insurance.

How to Compare Auto Insurance in Spring Lake Park, Minnesota

There are several ways to compare auto insurance prices and some are easier and takes less work. You could spend your day talking to agents in Spring Lake Park, or you can stay home and use online quoting to get rate comparisons in just a few minutes.

All the larger companies participate in an industry program that allows shoppers to send in one quote, and each company can provide price quotes based on that information. This saves time by eliminating quote forms for each company you want a rate for. To submit your quote information now, click here (opens in new window).

One minor caviat to pricing coverage this way is that you can't choose which companies you will receive quotes from. If you prefer to choose individual companies for rate comparison, we have assembled a list of the cheapest auto insurance companies in Minnesota. Click here for list of insurance companies in Minnesota.

It's up to you which method you use, but ensure you are comparing exactly the same coverage limits and deductibles with every price quote. If the quotes have different liability limits you will not be able to find the best deal in Spring Lake Park. Quoting even small variations in limits can make a big difference in price. Just remember that quoting more will improve the odds of getting the best rates.

Minnesota auto insurance

What determines how much you pay?

It's important that you understand the different types of things that go into determining the price you pay for auto insurance. Having a good understanding of what influences your rates allows you to make educated decisions that can help you get better auto insurance rates.

Listed below are a few of the "ingredients" companies use to determine your rates.

  • Careful drivers pay lower rates - Your driving record has a huge affect on how much you pay. Even a single moving violation can increase rates by twenty percent. Good drivers tend to pay less for car insurance than bad drivers. Drivers who get serious violations like DWI, reckless driving or hit and run convictions may be required to submit a SR-22 or proof of financial responsibility with their state DMV in order to continue driving.
  • Do you know your deductibles? - Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, protects your car from damage. Examples of covered claims could be running into the backend of another car, collision with an animal, or theft. Deductibles for physical damage are the amount of money you are willing to pay before your auto insurance pays a claim. The higher the amount you're willing to pay, the less your auto insurance will be.
  • Discounts for multiple policies - Most insurers give discounts to customers who have multiple policies with them such as combining an auto and homeowners policy. This can amount to five, ten or even twenty percent. Even with this discount, it's in your best interest to shop around to make sure you are getting the best deal. You may still be able to find a better deal by splitting coverages up.
  • Your job and insurance rates - Did you know that where you work can have an impact on rates? Occupations like lawyers, business owners and dentists tend to pay the highest average rates in part from high stress and long work hours. Other occupations like actors, historians and homemakers have the lowest average rates.
  • Don't get talked into coverage you don't need - There are many extra coverages you can purchase on your auto insurance policy. Insurance for vanishing deductibles, better glass coverage and motor club memberships may be costing you every month. These coverages may sound good when talking to your agent, but if you don't need them eliminate the coverages to reduce your premium.
  • Better credit means lower rates - Your credit score is a huge factor in calculating your auto insurance rates. If your credit history is lower than you'd like, you could be paying less to insure your by improving your credit score. Drivers with high credit ratings tend to file fewer claims and have better driving records than those with poor credit.

How much can you save with discounts?

Car insurance can cost a lot, but there are discounts available that many people don't even know exist. Most are applied at the time you complete a quote, but less common discounts must be manually applied prior to getting the savings.

  • Discount for Good Grades - Getting good grades can save 20 to 25%. This discount can apply until age 25.
  • Multi-car Discount - Buying insurance for more than one vehicle on one policy qualifies for this discount.
  • Multi-policy Discount - When you have multiple policies with one company you may save 10% to 20% off each policy.
  • Accident Free - Drivers with accident-free driving histories can save substantially compared to frequent claim filers.
  • Homeowners Discount - Being a homeowner can help you save on auto insurance because owning a home is proof that your finances are in order.

It's important to note that most discount credits are not given to all coverage premiums. Most only reduce the price of certain insurance coverages like medical payments or collision. Just because you may think you would end up receiving a 100% discount, you're out of luck. But any discount will reduce the amount you have to pay.

For a list of providers offering auto insurance discounts in Spring Lake Park, click here to view.

More information can be found on the Minnesota Department of Commerce website. Click here for link. Minnesota consumers can file complaints about a company, report car insurance fraud, and read consumer alerts.

Do the work, save more money

You just read some good ideas how you can lower your auto insurance rates. The key thing to remember is the more you quote, the higher the chance of saving money. Drivers may discover the lowest premiums are with a lesser-known regional company.

Lower-priced auto insurance can be found online and with local Spring Lake Park insurance agents, and you need to comparison shop both to have the best rate selection. Some insurance providers do not offer online quoting and many times these regional insurance providers only sell through independent insurance agents.

As you shop your coverage around, it's a bad idea to reduce needed coverages to save money. There have been many cases where someone sacrificed physical damage coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to get the best coverage possible for the lowest price, not the least amount of coverage.